Mt Balantingon Copper-Gold Project

The Balantingon Copper-Gold Project comprises an exploration permit application located in Nueva Ecija province, Luzon, Philippines. The project is subject of an option to purchase agreement with SMMC.

The project contains 3 well defined copper-gold prospects namely, the Mt Balantingon, Mamilit-Kikadong, and Sumaclim-San Luta Prospect areas.

At the Mt Balantingon prospect, a total of 32 surface samples were taken from various locations including outcrop and flat samples. Of these, 12 samples returned copper assays greater than 0.1% copper with one sample returning a result of 0.42% copper. Another sample returned a result of 2.487g/t gold and 3.6g/t silver indicating some potential for gold-silver mineralisation.

At the Mamalit-Kikadong prospect, a creek float sample of silica-sericite-pyrite altered diorite have yielded values of 249ppm copper, 1.324g/t gold and 2.7g/t silver.

Whilst at an early stage of exploration, initial work has demonstrated that porphyry copper-gold style mineralization exists on the project together with epithermal gold overprinting. Lindian considers that results from former work performed on the Mt Balantingon copper-gold project to be significant.