Copper Portfolio - Lingig Update

 
TIDMMML 
 
MEDUSA MINING LIMITED 
                                                       ABN: 60 099 377 849 
 
                                                 Unit 7, 11 Preston Street 
                                                            Como  WA  6152 
 
                                                                PO Box 860 
                                                  Canning Bridge  WA  6153 
 
                                                 Telephone:  [phone] 
                                                 Facsimile:  618-9367 0602 
 
      Email:  [e-mail] <mailto:[e-mail]> 
      Internet:  www.medusamining.com.au <http://www.medusamining.com.au/> 
 
 
                                                                    ANNOUNCEMENT 
 
                                                                      7 May 2010 
 
                        COPPER PORTFOLIO - LINGIG UPDATE 
 
Medusa  Mining  Limited  ("Medusa"  or  the  "Company"), through its Philippines 
subsidiary,  Philsaga Mining Corporation ("Philsaga"),  advises that drilling at 
Lingig  has  continued  to  intersect  copper  mineralisation  in two geological 
settings. 
 
Basalt-hosted  mineralisation (now called the  Basalt Prospect) is hosted within 
the   basaltic   and  doleritic  rocks  around  the  1974 discovery  area.  This 
mineralisation  appears to form a large north plunging body presumed to be still 
open  to the north  down-plunge. The most  recent and most  northerly drill hole 
returned  154.60 metres at 0.45% copper (with last 45.90 metres averaging 0.65% 
copper  at a 0.3% copper cut-off) but was abandoned in strong mineralisation. It 
is interpreted that the bottom section of this mineralisation may be faulted-off 
by the underlying thrust fault and the rest of the mineralised zone is yet to be 
located. Further drilling is required. 
 
Breccia-hosted mineralisation (now called the Breccia Prospect) has continued to 
be  located associated with intense  biotitic alteration in dioritic, polylithic 
hydrothermal breccias. 
 
The  breccia body is tabular and open to the south with copper mineralisation in 
intensely  altered hydrothermal breccias  with the most  recent intersections of 
154.7 metres  at 0.19% copper  in drill  hole LIN  37 and 86.0 metres  of 0.12% 
copper in drill hole LIN 40. Further drilling is required. 
 
Managing Director Geoff Davis commented: 
"We  continue to  make good  progress in  unravelling the mineralisation and its 
controls  at Lingig. Whilst the basalt-hosted  mineralisation appears to be open 
down-plunge   and   with  the  potential  to  develop  into  a  larger  body  of 
mineralisation,  at the  breccia-hosted mineralisation  we are now demonstrating 
copper   mineralisation  within  a  large  breccia  body  with  porphyry  copper 
associations and which is open to the  south. 
 
The Company's copper portfolio is expanding with the recent discovery of the Usa 
copper-gold  porphyry target. Further work is  expected to continue to add value 
to these exploration targets." 
 
 
BACKGROUND 
 
The  Lingig prospect is covered by a Mines Operating Agreement ("MOA") over MPSA 
application  number APSA 024-XIII comprising  two parcels situated  to the north 
and to the east (the Lingig copper prospect) of the Co-O Mine and millsite. 
 
Figure  1 (please  see  the  link  at  the  end  of this announcement) shows the 
locations  of the Company's copper projects and Figure 2 (please see the link at 
the  end of this announcement) shows  the current interpretation of the regional 
geology with drill hole locations and a summary of results. Table 1 contains all 
drill  hole results obtained to date.  Figure  2 (please see the link at the end 
of  this announcement) shows  the detailed geology  and drill hole locations and 
intersections  around the  Basalt prospect,  and the  projection of  the Breccia 
prospect  and intersections.  Additional background  information is contained in 
announcements  dated 13 November 2007, 17 March 2008, 20 August 2008, 31 October 
2008, 18 March 2009 and 9 October 2009 and the December 2007 quarterly report. 
 
The  9 October 2009 announcement reported copper mineralisation contained within 
two  settings, in basaltic host rocks and associated with a regional thrust zone 
(Zone  1) -  now  called  the  Basalt  Prospect,  and  porphyry associated style 
mineralisation  in dioritic rocks below the thrust zone (Zone 2), now called the 
Breccia Prospect. 
 
Table I summarises all drilling completed since 2008. 
 
Drilling 
 
Since  the announcement on 9 October 2009, the Company has drilled approximately 
6204.5 metres  in 15 angled holes using three rigs (LIN025 to LIN040). All holes 
were  cored from surface. Drilling difficulties were experienced in LIN030 which 
was abandoned at a depth of 280 metres in strong copper mineralisation. 
 
Basalt Prospect 
 
The  recent drilling  has confirmed  the continuation  of the copper mineralised 
zone  above the thrust contact (Fig. 2), with the mineralisation now interpreted 
to  form a  large plunging  body with  a north-northeast  trend. Hole LIN030 was 
drilled  to  test  the  down  plunge  continuation  of  the  mineralisation  and 
intersected  epidote, magnetite, pyrite  and copper sulphides  in a basalt host, 
with  similar geology, mineralisation and alteration to that intersected in hole 
LIN001.  The hole was abandoned in  mineralisation due to drilling difficulties. 
Assay results suggest that the hole was terminated above the expected high grade 
zone  overlying the thrust contact. Hole  LIN029 appears to have intersected the 
most  up-plunge high grade  mineralisation. Hole LIN022  was collared in the low 
grade  halo  of  the  plunging  body,  and  drilled  over  the  top. Hole LIN026 
intersected  basalt with halo  mineralisation of strong  epidote alteration with 
pyrite-minor  chalcopyrite veining. The  hole appears to  have drilled under the 
plunging  body. Hole LIN039 intersected  basalt with halo mineralisation similar 
to  LIN026, and appears  to have drilled  under and to  the east of the plunging 
body. 
 
Further  drilling is required below LIN030 to confirm the down-plunge extensions 
and, if successful, to drill out the body. 
 
In addition, it is interpreted that the zone discovered so far is only part of a 
larger  mineralised body  which has  been truncated  at depth  by the underlying 
thrust  fault. The Company is investigating methods which may assist in locating 
the rest of the mineralised body. 
 
Breccia Prospect 
 
This  mineralisation is  hosted by  polylithic intrusive  hydrothermal breccias. 
Variably  sized clasts  to 40 centimetres  of quartz  diorite, basalt  and minor 
dolerite  host disseminated fine-grained chalcopyrite in  both the matrix and in 
some  clasts. The chalcopyrite is associated  with secondary pale brown biotite, 
which is noted in both the matrix and in some of the breccia clasts.  A distinct 
lack of mineralised quartz veining and minor magnetite characterise the breccia. 
The breccia appears to be blind, has not been found reaching the surface, and is 
enveloped by a weak pyrite halo. 
 
The  breccia  pinches  out  to  the  north.  Intersections  in LIN037 and LIN040 
indicate that the breccia is open to the south. Figure 2 (please see the link at 
the  end of this announcement) shows the projection of the breccia and the drill 
hole intersections. 
 
Work Programme 
 
Data  compilation and assessment, possibly including additional geophysics, will 
be undertaken prior to further drilling. 
 
THE COPPER PORTFOLIO SUMMARY 
 
 1. Lingig 
 
See above 
 
 2. Kamarangan 
 
 
Ten  drill holes were drilled  below a large area  of variably mineralised skarn 
rocks  where  two  holes,  KAM  1 and  2, on  the  east  side of the skarn rocks 
intersected  a  fertile  diorite  with  copper-molybdenum  mineralisation within 
phylitically  (sericite) altered diorite. Detailed  results are available in the 
announcement dated 29 May 2009. 
 
With respect to molybdenum the following were intersected: 
 
 i. Molybdenum  mineralisation is  visible in  hole KAM  1 to a maximum value of 
    244 ppm and averages 37 ppm over the last 74 metres of the hole from 357.70 
    metres  depth. Copper values in the  diorite include 14 metres at 0.16% from 
    173.70 metres, 30 metres at 0.15% copper from 457.70 metres and 22 metres at 
    0.11% from 495.70 metres. 
 
 
 ii. Molybdenum mineralisation is visible in drill hole KAM 2 to a maximum value 
     of  138 ppm and averages  41 ppm over the  last 46 metres of  the hole from 
     405 metres  depth. Other less  coherent zones are  present higher up in the 
     hole.  Copper values  in the  diorite include  12 meters at 0.14% from 210 
     metres and 18 meters at 0.11% from 282 metres. 
 
 
Further drilling is required to the east of these intersections. 
 
 3. Usa 
 
The  newly discovered Usa  copper-gold diorite porphyry  target was described in 
the  announcement of 5 May 2010. Surface work  is continuing to outline the 500 
metre by 500 metre target where copper values in rock chips peak at 0.59% copper 
and gold peaks at 0.42 g/t gold. 
 
 4. Co-O 
 
 
The  Company has believed for some time that  the Co-O Mine vein system would be 
associated with a porphyry copper system. 
 
Observations  underground to the east of the Oriental Fault in the mine and from 
assaying of wall rocks to the veins show an increasing copper content around the 
veins  in their  selvedges towards  the east  to levels  of around  0.1 to 0.4% 
copper.  Some  discontinuous  veins  to  0.10 to  0.20 metres  wide  of  massive 
pyrite-chalcopyrite have also been located in drilling separate from the veins. 
 
Further work is required to define copper drill targets to the east of the mine. 
 
 5. Gamuton 
 
 
A  series of four holes were completed  in the Gamuton area to test gold-bearing 
quartz  veins to the west of the Co-O Mine. Several holes intersected wide zones 
of  intense propylitic alteration with abundant epidote, zones of silicification 
and  hydrothermal breccias associated  with strongly anomalous  gold contents of 
approximately  0.5 g/t  and  anomalous  silver  values  accompanied by irregular 
chalcopyrite  veinlets. The mineralisation is interpreted as being indicative of 
nearby porphyry copper mineralisation. 
 
Further surface work is required before drilling is recommenced. 
 
 6. Saugon 
 
 
As  detailed  in  the  announcement  dated 20 April 2010, the Saugon gold-silver 
polymetallic mineralisation is currerntly interpreted to be linked to a porphyry 
copper  system within an extensive demagnetised and alteration zone. Drilling is 
commencing during May 2010. 
 
 7. Lasang 
 
 
Lasang  is a  conceptual copper  porphyry target  based on the interpretation of 
aeromagnetics. 
 
For further information please contact: 
 Australia 
 
 Medusa Mining Limited                       [phone] 
 
 Geoffrey Davis, Managing Director 
 
 Roy Daniel, Finance Director 
 
 
 United Kingdom 
 
 Fairfax I.S. PLC                            [phone] 
 
 Nominated Adviser and Broker 
 
 Ewan Leggat/Laura Littley 
 
 
 Lothbury Financial Services Limited         [phone] 
 
 Michael Padley/Libby Moss 
 
 
 Canada 
 
 Nicholas Sayce, Investor Relations          [phone] 
 
 
 
Information in this report relating to Exploration Results has been reviewed and 
is  based on  information compiled  by Mr  Geoff Davis,  who is  a member of The 
Australian  Institute of  Geoscientists. Mr  Davis is  the Managing  Director of 
Medusa  Mining Limited  and has  sufficient experience  which is relevant to the 
style  of mineralisation  and type  of deposits  under consideration  and to the 
activity  which he is undertaking to qualify  as a "Competent Person" as defined 
in  the  2004 Edition  of  the  "Australian  Code  for  Reporting of Exploration 
Results,  Mineral Resources  and Ore  Reserves" and  is a  "Qualified Person" as 
defined   in   "National   Instrument   43-101" of   the   Canadian   Securities 
Administrators.  Mr Davis consents to the inclusion in the report of the matters 
based on his information in the form and context in which it appears. 
 
Refer    to    the    Technical   Report   which   was   filed   onwww.sedar.com 
<http://www.sedar.com/>  in  March  2010 for  further  discussion  of  the  Co-O 
Deposit's   geology,   structural  controls,  drilling,  sampling  and  assaying 
information,  and any  known material  environmental, permitting,  legal, title, 
taxation, socio-political, marketing or other relevant issue. 
 
ABOUT MEDUSA MINING LIMITED 
Medusa  Mining Limited ("Medusa"  or the "Company"),  a public company listed on 
the  ASX, AIM and the TSX, is an Australian based gold producer, focussed solely 
on the Philippines. 
 
With  current mineral resources comprising  indicated 580,000 ounces of gold and 
inferred  1,310,000 ounces of gold,  Medusa's corporate strategy  is to become a 
mid-tier, 300,000 to 400,000 ounce per year, low-cost gold producer. 
 
The  Company has completed the expansion of  its high grade Co-O Mine operations 
(indicated  resources 580,000 ounces of gold inclusive  of a probable reserve of 
500,000 ounces  of gold,  and inferred  resources 660,000 ounces  of gold)  to a 
production  level of 100,000 annualised ounces, and is currently conducting near 
mine  exploration to assess the  possibilities of further  expansion to 200,000 
ounces  per annum.  Current cash costs at the Co-O Mine are approximately US$190 
per ounce. 
 
A  pipe-line of deposits  is now being  established with the Bananghilig Deposit 
(inferred  resource  of  650,000 ounces  of  gold)  recently  added and which is 
expected to expand, potentially in conjunction with nearby discoveries. 
 
Further potential upside exists for the discovery of substantial copper deposits 
within the tenement holding of more than 800 km2. 
 
DISCLAIMER 
 
This  announcement  may  contain  certain  forward-looking statements. The words 
'anticipate',  'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 
'intend',   'should',   'could',  'may',  'target',  'plan'  and  other  similar 
expressions are intended to identify forward-looking statements. Indications of, 
and guidance on, future earnings and financial position and performance are also 
forward-looking statements. 
 
Such  forward-looking statements  are not  guarantees of  future performance and 
involve  known and unknown risks, uncertainties and other factors, many of which 
are  beyond  the  control  of  Medusa,  and  its officers, employees, agents and 
associates,  that  may  cause  actual  results  to  differ materially from those 
expressed or implied in such statements. 
 
Actual   results,  performance  or  outcomes  may  differ  materially  from  any 
projections  and forward-looking statements  and the assumptions  on which those 
assumptions are based. 
 
You  should not place  undue reliance on  forward-looking statements and neither 
Medusa  nor  any  of  its  directors,  employees,  servants or agents assume any 
obligation to update such information. 
 
Table  I.   Summary  of  all  new  Lingig drilling results for intersections >10 
metres wide 
(including  sub-grade material up to 10 metres  wide). Drill holes LIN 21 to LIN 
40 are new results 
 
+------+------+-----+-------+---+----------------------------------------------+ 
|Hole  |East  |North|Azimuth|Dip| Cut-off 0.1% copper (interval waste <= 10m)  | 
|      |      |     |       |   +----------+-----------+---------+------+------+ 
|      |      |     |       |   |   From   |    To     |  Width  |Grade | Gold | 
|      |      |     |       |   | (metres) |  (metres) |(metres) |(% Cu)|(g/t) | 
+------+------+-----++------+---+----------+-----------+---------+------+------+ 
|LIN005|651994|897150|  0   |-90|   389.400|     408.70|    19.30| 0.10 | 0.01 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN006|651994|897150| 166  |-62|     94.10|     114.10|    20.00| 0.13 | 0.01 | 
|      |      |      |      |   +----------+-----------+---------+------+------+ 
|      |      |      |      |   |    280.40|     294.40|    14.00| 0.14 | 0.01 | 
|      |      |      |      |   +----------+-----------+---------+------+------+ 
|      |      |      |      |   |    362.20|     421.60|    59.40| 0.31 | 0.02 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN010|652272|896565| 270  |-60|    175.75|     212.30|    36.55| 0.12 | 0.07 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN014|652275|896365| 275  |-60|      3.00|     212.10|   209.10| 0.25 | 0.07 | 
|      |      |      |      |   +----------+-----------+---------+------+------+ 
|      |      |      |      |   |    232.10|     242.10|    10.00| 0.11 | 0.01 | 
|      |      |      |      |   +----------+-----------+---------+------+------+ 
|      |      |      |      |   |          |           |         |      |      | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN017|652469|896366| 270  |-60|    144.75|     170.70|    25.95| 0.33 | 0.03 | 
|      |      |      |      |   +----------+-----------+---------+------+------+ 
|      |      |      |      |   |    230.80|     275.30|    44.50| 0.34 | 0.09 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN019|652236|896845| 242  |-60|    148.10|     307.80|   159.70| 0.40 | 0.04 | 
|      |      |      |      |   +----------+-----------+---------+------+------+ 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |          |           |         |      |      | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN020|652681|896364| 270  |-60|    280.10|     318.10|    38.00| 0.20 | 0.02 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN022|652071|896853| 270  |-60|      0.00|      14.80|    14.80| 0.23 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |     28.20|      84.20|    56.00| 0.23 | 0.02 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN027|652370|896368| 270  |-60|     55.15|      69.10|    13.95| 0.41 | 0.07 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    109.95|     202.70|    92.75| 0.24 | 0.02 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    376.70|     386.70|    10.00| 0.12 | 0.01 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN028|651790|895773| 145  |-55|      6.00|      32.90|    26.90| 0.11 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |     66.20|     145.60|    79.40| 0.10 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    324.70|     343.15|    18.45| 0.12 | 0.01 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN029|651971|896812| 170  |-60|     59.60|      92.05|    32.45| 0.14 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    140.05|     157.30|    17.25| 1.13 | 0.15 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN030|652131|896992| 180  |-60|     80.90|      94.50|    13.60| 0.10 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    125.40|     280.00|   154.60| 0.45 | 0.04 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN031|651725|895675| 145  |-60|     44.85|      83.70|    38.85| 0.12 | 0.02 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |     87.65|      97.65|    10.00| 0.13 | 0.01 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN035|651841|895706| 165  |-55|      0.00|      57.50|    57.50| 0.21 | 0.02 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |     75.50|     100.90|    25.40| 0.16 | 0.02 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    280.85|     294.00|    13.15| 0.20 | 0.01 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN036|652175|896368| 270  |-60|      8.00|      59.80|    51.80| 0.17 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    105.50|     141.30|    35.80| 0.11 | 0.02 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN037|652175|896264| 270  |-60|     46.90|      88.00|    41.10| 0.13 | 0.01 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    141.90|     296.60|   154.70| 0.19 | 0.03 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN038|651946|895557| 325  |-60|    127.50|     139.40|    11.90| 0.29 | 0.02 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN039|652224|897043| 180  |-60|    351.40|     464.40|   113.00| 0.12 | 0.02 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
|LIN040|652162|896147| 270  |-60|    177.90|     263.90|    86.00| 0.12 | 0.02 | 
|      |      |      |      |   |          |           |         |      |      | 
|      |      |      |      |   |    275.90|     295.90|    20.00| 0.11 | 0.01 | 
+------+------+------+------+---+----------+-----------+---------+------+------+ 
 
Notes: 
Drill intersections are downhole widths not true widths. 
Assaying undertaken by McPhar Geoservices in Manila using : 
(i)    Gold by fire assay on 30g. samples with AAS finish. 
(ii)    Cu - by AAS following concentrated HCI and HCI/HNO3/HCIO4 leach in 
latter stages on 1g. sample. 
 
Table  I. (cont'd) Summary of all  new Lingig drilling results for intersections 
>10 metres wide 
(including  sub-grade material up to 10 metres  wide). Drill holes LIN 21 to LIN 
40 are new results 
 
+------+------+-----+-------+---+----------------------------------------------+ 
|Hole  |East  |North|Azimuth|Dip| Cut-off 0.3% copper (interval waste <= 10m)  | 
|      |      |     |       |   +-----------+----------+---------+------+------+ 
|      |      |     |       |   |   From    |    To    |  Width  |Grade | Gold | 
|      |      |     |       |   | (metres)  | (metres) |(metres) |   (% |(g/t) | 
|      |      |     |       |   |           |          |         | Cu)  |      | 
+------+------+-----++------+---+-----------+----------+---------+------+------+ 
|LIN005|651994|897150|  0   |-90|           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN006|651994|897150| 166  |-62|     362.20|    421.60|    59.40| 0.31 | 0.02 | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN010|652272|896565| 270  |-60|           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN014|652275|896365| 275  |-60|       5.00|     17.00|    12.00| 0.29 | 0.03 | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |      27.95|     83.85|    55.90| 0.44 | 0.10 | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |      94.60|    124.55|    29.95| 0.36 | 0.03 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN017|652469|896366| 270  |-60|     150.70|    170.70|    20.00| 0.37 | 0.03 | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |     234.80|    273.30|    38.50| 0.37 | 0.10 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN019|652236|896845| 242  |-60|     206.10|    284.10|    78.00| 0.66 | 0.06 | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |including:                                    | 
|      |      |      |      |   +-----------+----------+---------+------+------+ 
|      |      |      |      |   |     260.10|    278.10|    18.00| 1.23 | 0.10 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN020|652681|896364| 270  |-60|     282.10|    294.10|    12.00| 0.36 | 0.05 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN022|652071|896853| 270  |-60|      34.20|     46.20|    12.00| 0.41 | 0.03 | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |      70.20|     84.20|    14.00| 0.32 | 0.03 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN027|652370|896368| 270  |-60|      55.15|     65.15|    10.00| 0.51 | 0.09 | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |     111.00|    132.20|    21.20| 0.37 | 0.02 | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |     146.20|    156.20|    10.00| 0.30 | 0.03 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN028|651790|895773| 145  |-55|           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN029|651971|896812| 170  |-60|     140.05|    155.30|    15.25| 1.26 | 0.17 | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN030|652131|896992| 180  |-60|     181.40|    280.00|    98.60| 0.61 | 0.06 | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN031|651725|895675| 145  |-60|           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN035|651841|895706| 165  |-55|           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN036|652175|896368| 270  |-60|           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN037|652175|896264| 270  |-60|     181.90|    197.90|    16.00| 0.54 | 0.05 | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN038|651946|895557| 325  |-60|     127.50|    137.50|    10.00| 0.31 | 0.02 | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN039|652224|897043| 180  |-60|           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
|LIN040|652162|896147| 270  |-60|           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
|      |      |      |      |   |           |          |         |      |      | 
+------+------+------+------+---+-----------+----------+---------+------+------+ 
 
Notes: 
Drill intersections are downhole widths not true widths. 
Assaying undertaken by McPhar Geoservices in Manila using : 
(i)    Gold by fire assay on 30g. samples with AAS finish. 
(ii)    Cu - by AAS following concentrated HCI and HCI/HNO3/HCIO4 leach in 
latter stages on 1g. sample. 
 
 
 
[HUG#1412809] 
 
 
 
 
 
    Copper Portfolio - Lingig Update Accompanying Images: http://hugin.info/138050/R/1412809/364958.pdf