Red Mountain Mining’s (ASX:RMX) has signed a strategic financing agreement with a UK-based investor which will carry the explorer’s Batangas gold project in the Philippines through initial mine development.
The Batangas Project is located within the Batangas mineral district, within a mineralised corridor termed the West Luzon Volcanic Arc.
The Company’s flagship Batangas Project is located in the Philippines, on the main northern island of Luzon, only 120 kilometres south of the Philippines Capital, Manila.
The Philippines, and particularly Luzon Island, is strongly endowed with major gold and copper-gold resources.
The Batangas Project is located within the Batangas mineral district, within a mineralised corridor termed the West Luzon Volcanic Arc.
The Company’s flagship Batangas Project is located in the Philippines, on the main northern island of Luzon, only 120 kilometres south of the Philippines Capital, Manila.
The Philippines, and particularly Luzon Island, is strongly endowed with major gold and copper-gold resources.
