Rizal Resources | TSX.V:RZL | Batoto Gold Project
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Batoto Gold Project

The Company believes the Batoto Project has the potential to be one of the Philippines’ best undeveloped gold projects. The Batoto Gold Project offers excellent discovery opportunities for gold and gold-copper that will complement the T’Boli gold mining operation. Six large areas of stockwork gold mineralization have been identified to date. Three of the areas are  “walk up” drill targets.

Highlights:

  • A central gold corridor some 15km long by 2.5km to 3km wide has been identified.
  • Structural interpretation from Google image and drainage systems reinforces the potential for the corridor to host a significant quartz stockwork gold resource.
  • Exploration has partly defined six large areas of gold stockwork mineralization which have a strong spatial relationship to the structures identified above.
  • Cadan has focused most of its exploration activity  in the Batoto stockwork, an area having an historical resource. The dimensions of the Batoto stockwork is 150m by 400m and as such is one of the smaller of the six stockworks identified to date. The Batoto stockwork system is open along strike to the south west.
  • One the larger stockworks (Santa Fe) is underlain by a large deep resistivity anomaly.
  • Outcrop in the area is generally poor with dense tropical vegetation. Meaningful geology and sampling is only normally seen in deeply incised creeks.
  • Trenching and pitting and road toe sampling have been effective.

  • Reconciliation between face/drill sampling and bulk sampling has been poor. Bulk samples have returned multiples ( times four) of  face and drill indicated grades. This is thought to reflect the erratic distribution of gold in the stockworks and the small size (30g) of face/drill samples submitted for assay.
  • Limited testwork with one kg cyanide leach assays has improved reconciliation towards the results indicated by bulk samples.
  • A cyanide leach facility has been set up onsite to facilitate further testwork and define the most valid sampling and assaying procedures. Any data used in resource estimates would be submitted to an independent commercial lab.
  • It is thought that Diwalwal type deposits are the deeper roots of a gold stockwork system.