ElDore Mining Corporation Limited (EDM or the Company) has acquired rights to a 65% interest in the Nalesbitan Gold Project . The Nalesbitan property, located in the Bicol Peninsula some 300kms east of Manila, comprises a granted exploration license and covers an area of 11.46 km2 with major gold-copper prospectivity. Major mineralisation identified to date consists of two adjacent zones of hydrothermal type, almost certainly associated with a deep primary porphyry copper-gold system.
Exploration will initially focus on four main targets:
- Underlying porphyry system