CGA Mining Pours 10th-Ton of Gold at Masbate Gold Project in Philippines
CGA Mining Limited (CGA.TO) is priced at $2.55 a share just before the bell this morning after saying its Masbate Gold Project in the Philippines poured its 10th ton of gold.
The Masbate Gold Project is the largest gold project in the Philippines, with the initial gold poured two years ago. The project has a total indicated resource base of 4.55M ounces, total inferred resource base of 3.22M ounces and a probable reserve of 3.03M ounces.
Company officials said the facility is on track to produce at a rate of over 200,000 ounces per annum.
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