Medusa Mining (AIM: MML) announced that it had been granted permits for drilling over the 'Kamarangan area' which has prospective for gold, iron and copper mineralisation.
"The potential mineralisation types are hosted by various skarns that have been interpreted to cover an area approximately 1,200 metres by up to 1,000 metres where alluvial gold workings are widespread. The skarns are developed in shallowly dipping and banded limestones." the company added.
Medusa has previously reported gold, iron and copper mineralisation from 21 surface samples which averaged 9.5g/t gold and 37.5% iron and elevated copper values to 0.33% copper.
Drilling is expected to commence within two weeks, and will initially target the Dumaag area where the samples were collected.
"The Tambis-Barobo region, which includes Kamarangan, has all the hallmarks of a mineral district that will host several different types and styles of mineralisation. Drilling at Kamarangan is the start of investigating this potential away from the known Bananghilig disseminated and vein style gold mineralisation where work has been concentrated to date. We are very optimistic about this prospect." commented Geoff Davis, Managing Director of Medusa Mining.