Lepanto Consolidated Mining has started commercial operations of gold-copper project at its mine in Mankayan, Benguet.
In a stock exchange filing, Lepanto said it sold 1,048 dry metric tons of copper gold concentrate
Since October 2015, Lepanto?s exploration team completed 47,275 meters of underground drilling to evaluate the copper gold project resources at the former energite mining area.
This program has successfully discovered combined indicated and inferred resources of 7.746 metric tons at 0.896 Cu and 1.974 g/t Au.
Ongoing drillings have outlined an additional geologic resource of 7.29 MT at 1.69 percent Cu and 2.02 g/t Au and an increased drilling program will bring these areas into inferred and indicated categories.
Previously unrecognized gold-bearing vein systems comprised of quartz, pyrite and gold (QPG) overprint.