DI LONG Cu Au PROJECT March 2009 PROJECT OVERVI EWS Malitao - - - PDF document

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Oct 09, 2022 323 likes •463 views

DI LONG Cu Au PROJECT March 2009 PROJECT OVERVI EWS Malitao - High-grade Cu massive sulphide prospect (Sampled and drilled by Philex Mining). Dilong - Previously drilled Cu-Au porphyry (over 6,000 meters of diamond drilling)

SLIDE 1

March 2009

DI LONG

Cu–Au PROJECT

SLIDE 2

PROJECT OVERVI EWS

Malitao - High-grade Cu

massive sulphide prospect (Sampled and drilled by Philex Mining).

Dilong - Previously

drilled Cu-Au porphyry (over 6,000 meters of diamond drilling) with approximately 40 million mT of 0.5% Cu and 0.5 g Au/T measured and indicated and 120 mT of 0.41% Cu and 0.35 g/t Au inferred already delineated (NB: Not NI 43-101 Compliant). Open laterally and to depth.

Taurus - Large tenement

covering numerous historic high-grade Cu massive sulphide mines in Ophiolite terrane

SLIDE 3

DI LONG PROJECT OVERVI EWS1

324 Hectares (EPA) - Abra

Province

Previously drilled with over

6,000m of drilling in 27 holes

Previously calculated

resource (Not NI 43-101 Compliant)

Measured and I ndicated:

40 mT at 0.5% Cu and 0.5 g Au/ T

I nferred: 120 mT at

0.41% Cu and 0.35g/ t Au

Open laterally and to depth
Mineralized parameters

remain undefined

Immediate resource drilling

proposed

Surrounded by Freeport

McMoRan

PMC to acquire 100% for

$400,000 over three years (1.0% NSR)

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SLIDE 11

1970 – Copper porphyry

mineralization discovered by E.

G. Libatique who organized

Mayabo Mining Assoc. and filed 177 lode claims

1971 – Agreement signed with
W. E. Hale and Associates

Mining Corporation

1971 to 1974 – Benguet

Exploration conducted mapping, geochemical sampling, I .P. geophysics and diamond drilling to establish the current “resource”

Copper mineralization was

found to occur over a 2,000 m by 500 m area

1990s – Claims staked by

Damasen and optioned to Newmont – Newmont pulls out

f Philippines
2007 – Project acquired from

the heirs of Damasen – Surrounding Newmont ground acquired by Freeport McMoRan

Dilong Project History

SLIDE 12

Dilong Copper-Gold Porphyry

SLIDE 13

Dilong Project Strategy

To bring the previously drilled

resource into a NI 43-101 compliant resource

To drill define the boundaries of the

deposit laterally and to depth

Initial Budget after EPA approval
Initial Confirmation Drill Program -

$300,000

To seek development partnerships

and off-take agreements with Asian corporations