LIBJO NICKEL LATERITE PROJECT
VISTA BUENA MINING CORPORATION
PUNTA VISTA MINING CORORATION
Brgy Plaridel, Libjo, Province of Dinagat Islands
License Area
License No.
Parcel 1. Mineral Production Sharing Agreement (MPSA) No. 031-94-X - Area= 2,100 hectares
Parcel 2. Mineral Production Sharing Agreement (MPSA) No. 031-94-X- Area= 1596 hectares
Aggregate area of tenement holdings 3,696 hectares
Location, Accessibility & Topography
Location: Municipalities of Cagdianao, San Jose and Libjo, Dinagat Island Province
Accessibility:
The nearest major airport to Dinagat Island is the Surigao Airport (SUG), which is located on the neighboring island of Mindanao. From Surigao City, you can take a boat or ferry to reach Dinagat Island. Most people access Dinagat Island by sea. There are regular ferry services from Surigao City to different ports in Dinagat Island. The most common port of entry to Dinagat Island is San Jose. Ferries to Libjo are also available from Surigao City and takes around 2-3 hours. From Libjo, Parcel 1 of the MPSA is accessible by a 30-25 minute car drive.
Topography:
The topography of Libjo, which is a municipality on Dinagat Island in the Philippines, is characterized by a mix of coastal areas, hills, and mountains. Dinagat Island, in general, is known for its rugged and mountainous terrain, but it also has some flat coastal areas.
Much of Dinagat Island’s interior is mountainous, and this includes parts of Libjo. These mountainous regions are covered with lush vegetation and are often less densely populated. The terrain can be challenging to navigate, making it essential to be prepared when traveling through these areas.
Much of Dinagat Island’s interior is mountainous, and this includes parts of Libjo. These mountainous regions are covered with lush vegetation and are often less densely populated. The terrain can be challenging to navigate, making it essential to be prepared when traveling through these areas
Residual Stockpile Sampling
An initial follow-up survey was conducted to verify the result of the PSI by Contecna. Result of the PSI indicated low grade Ni and Fe grades from the several stockpiles and stockyards previously mined from the Vista Buena MPSA area (residual ores). Although some assay returns came back with marketable results, the volume is not sufficient for export.
During the ocular, re-sampling of some stockpiles were conducted. These stockpiles might be used to initially blend the stockpiles at the port area. Previous mining areas or open pits were also surveyed and sampled for possible sources of higher limonite ores also for blending purposes.
After the follow-up survey, CCIL and SunJin implemented auger drilling program in order to collect a more representative sampling of the stockpiles. Three (3) main stockyards namely:1. Port stockpiles- Lower and Upper stockpiles2. Motor Pool Stockpiles- No.1 and No.2 stockpiles3. Main Stockyard- Upper and Lower stockpiles
