Drills are turning at the Bai Saripinang gold project on the Philippine island of Mindanao.
Vancouver-based Chase Resources (TSE) owns a 40% interest in the Philippine firm Bai Saripinang, which owns the property, and holds an option to acquire an additional 45%.
A series of breccia bodies, related to a regional fault over a 2-km strike length, will be drill-tested to a depth of 100 metres.
Bai Saripinang is 25 km northwest of Chase’s T’Boli gold project, in which the company can acquire a 75% stake.
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