Northern Luzon
The company holds two exploration properties, Manag and Claveria in Northern Luzon.

Manag
Climax interest: 100%
Soil Geochemistry has defined two large >800ppm Cu anomalies. Significant results from previous drilling include 69 metres at 1.3g/t gold and 1.1% copper, 68 metres at 1.2g/t gold and 0.6% copper and 125 metres at 0.7g/t gold and 0.6% copper. During the year field crews continued with surface mapping and prospecting and identified additional drill targets.

Above: Cagayan Valley Basin

Above: Manag prospect


Claveria
Climax interest: 100%
Aeromagnetic surveys have indicated a 5 to 8 kilometres long magnetic aureole which corresponds to significant high grade float (up to 9% Cu and Au 31g/t). During the year Claveria field crews continued with surface mapping and prospecting and identified numerous drill targets.

Above: Claveria – geophysical interpretation