Runruno Gold Project

Runruno Gold Project

  • Location : Philippines, Nueva Viscaya.
  • Owner: Metals Exploration
  • Contractor: FCF Minerals Corp.
  • Year: 2017
  • Scope of work: supply of Tacmina chemicals pump spare parts

Runruno is about 350km north of Manila in the mineral rich province of Nueva Viscaya. The area has been known to be abundant in gold and other precious metals since the early 1960s and has enjoyed a varied exploration history.

Metals Exploration has acquired the project in 2005. After feasibility studies in 2010, the construction started in early 2014.

The project is a surface mine operation and the resources are estimated to be

1.42 million ounces (Moz) of gold, and 25.6 million pounds (Mlb) of molybdenum with 900,000oz gold reporting to the Measured and Indicated categories and 780,000oz gold within the Mining Proven & Probable Reserve category.

The cost for the development amounted 210MUSD.