Benguet Corp. has secured from the Mines and Geosciences Bureau (MGB) the exploration permit for its Bolco gold project in Zamboanga Sibugay.
Benguet Corp. said in a disclosure to the Philippine Stock Exchange the approval given by MGB yesterday will allow the company to start exploration activities in the area, including the drilling of the San Fernando vein.
The company has an operating agreement with the claimowner, Oreline Mining Corp., to explore and operate the property that straddles the common boundary of R.T. Lim, Zamboanga Sibugay and Siocon, Zamboanga del Norte.
The company currently produces and markets gold, silver, nickel ore and limestone as it operates gold mines in Benguet, nickel mines in Zambales and a limestone production facility in Baguio City. -Jed Macapagal
