Friday 9th December 2016

Resource Clips



Medusa reports Philippines Gold Assays up to 10.99 g/t over 4.3m

Medusa Mining Limited MLL:CA, through its Phillippines operating company Philsaga Mining Corporation, announced drill results from its Co-O Mine in Central Eastern Mindanao in the Philippines. Highlights include 10.99 g/t gold over 4.3 metres, 121.44 g/t gold over 3 metres, 12.89 g/t over 5.3 metres, 321.17 g/t over 1 metre, 12.77 g/t over 1.9 metres and 114.82 g/t over 1.7 metres.

Managing Director Geoff Davis said, “The Co-O Vein system continues to grow, as evidenced by the recognition and delineation of the North Tinago Vein set. Drilling of the Royal Vein set indicates they start at shallow depths and extend the full distance along the north side of the mine resource model from east of the Saga Shaft westward to the Tinago Shaft area. In addition, surface work is delineating new veins at West Tinago and the vein system at Gamuton is shaping up to be more extensive than previously thought. These new discoveries have the potential to significantly increase the mining area.”

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Contact:
Geoffrey Davis
Managing Director
+61 8 9367 0601

or Canada Investor Relations
416.822.4404

by Ted Niles

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