demo

• Property of 1,377 hectares (3,400 acres) on Lahuy Island, Province of Camarines Sur.

• Former gold producer (1936-1941), Treasure Island Mine, was producing (a total of 66,000 oz. Au) at 250 tonnes/day at an average grade of 14 g/t gold from 2 veins when closed in World War II.
  
  
• At A-vein, explored and developed by drifts down to 1,150 feet level, the production took place above the 400 feet level. Ore reserve/resources of similar grade exists below the 400 feet level.
  
  
• In 1987 exploration program of the veins and a zone of disseminated mineralization by an Australian company, the Genoa Group, supervised by a well-known consulting firm, Robertson Research Minerals Ltd., completed 3,800 meters of diamond drilling. In 1988, Minproc Engineers Pty. Ltd., an Australian consulting firm, evaluated the historical mining data and the 1987 drill program data, concluded that
  
  a) in A-vein the measured, indicated and inferred reserves/resources amount to 174,000 tonnes grading at 13 g/t Au;
  
  b) the potential resource in the A and B veins, down to a depth of 200 meters, is estimated to be 434,000 tonnes at 13 g/t; and
  
  c) in the zone of near surface disseminated mineralization (gossan), indicated resource is 214,000 tonnes grading 2.46 g/t Au and the potential resource is 5 to 10 million tonnes of unknown grade.
  
  

• Post WWII, only small scale high grade gouging operations carried out in the upper part of the vein systems by local people.
  
  
• None of the historical resource estimates are NI 43-101 compliant.