The Discovery, Exploration and Future Development of the Didipio Project

In a country richly endowed in mineral wealth, Climax Arintco Mining Corporation's ICAMC) Dinkidi porphyry Au-Cu deposit in Nueva Vizcaya, Philippines, represents the most significant mineral discovery in this country in recent times. The deposit is located within a belt of young intrusive and volcanic rocks in the Sierra Madre mountain chain of north Luzon, a region previously unassociated with porphyry -style mineralisation.Since 1989, drilling of the Dinkidi deposit has outlined a resource of 124 million tonnes of 1.0 g/t gold and 0.4 per cent copper. Regional exploration throughout CAMC's 37 000 hectare FTAA has identified a further 16 potential porphyry-related deposits.