PERTH, Australia, Sept. 17 /CNW/ - The Boards of CGA Mining Limited
("CGA"), Filminera Resources Corporation ("FRC") and Phil. Gold Processing &
Refining Corp. ("PGPRC) are pleased to announce that all key permits required
for the development of the Masbate Gold Project in the Philippines have now
been granted by the various regulatory bodies in the Philippines. The Boards
would like to thank the Philippine and local Government bodies and the
Department of Environment and Natural Resources ("DENR") and its various
bureaus and offices for its support of the project and look forward to moving
the project into development and operation.
Key permits recently obtained include the approval of the Social
Development and Management Program ("SDMP"), Environmental Protection and
Enhancement Program ("EPEP") and Annual Environmental Protection and
Enhancement Program ("AEPEP"), Mineral Processing Permit ("MPP"), Declaration
of Mining Project Feasibility ("DMPF") and two Mineral Production Sharing
Agreements ("MPSA") as described below.
Filminera has previously obtained all other key agreements, permits,
licenses and certificates required for the mining operations. These include
the MPSA 095-97-V, covering an area of 290 hectares and valid for 25 years
from 20 November 1997 and renewable for another 25 years, and the
Environmental Compliance Certificate ("ECC") 9804-003-120C. The ECC was issued
by the DENR after a rigorous process of environmental impact assessment and
community consultations. Under the approved ECC the company may develop and
operate a gold and silver operation employing Carbon In Leach technology
processing up to 20,000 dry metric tonnes of ore per day supported by an up to
50 MW power plant.
Mineral Processing Permit (MPP) No.10-2007-V
Granted to PGPRC by the DENR 30 July 2007 and released 10 September 2007
by the Mines & Geosciences Bureau (MGB5) Regional Office No. 5.
The MPP is issued for a standard period of five years renewable to a
maximum of 25 years.
Declaration of Mining Project Feasibility (DMPF) of Filminera Resources
Corporation under the Mineral Production Sharing Agreement No. 095-97-V
Approved by the Director of Mines on August 24, 2007 and was ordered and
released on 29 August 2007 at the Mines & Geosciences Bureau ("MGB") Central
The DMPF follows the MGB's review of the Filminera Mining Project
Feasibility Study for the Masbate Gold Project. This approved and registered
DMPF is an MGB mandatory requirement for the issuance of Notice to Proceed
(NTP) by the Mines & Geosciences Bureau (MGB5) Regional Office No. 5 Daraga,
to start the construction and development of the project for subsequent
Mineral Production Sharing Agreement (MPSA)
Two MPSA's were signed by the DENR Secretary on 30 July 2007 and are
currently being registered by the MGB Central Office. These MPSA's were
previously known as APSA-V-0031 and APSAV-0033 involving an area of
131 hectares and 126 hectares respectively. These are contiguous with the
existing MPSA 095-97-V, which was duly approved November 20, 1997 and covers
the reported reserves and resources of the Masbate Gold Project.
These two signed MPSAs will enhance Filminera's ability to identify
additional reserve and resources ounces for the project.
For further information:
For further information: Australian Contact: President & CEO - Michael
Carrick, Tel: +610 8 9263 4000, Fax: +61 8 9263 4020, Email:
firstname.lastname@example.org; US Contact: Chairman - Mark Savage, Tel: (505)
344-2822, Fax: (505) 344-2922, Email: email@example.com