Assays from Lindian Resources’ Masapelid Project in the Philippines have recorded bonanza grade intersections from one hole completed on the Manual Vein System between No.1 Shaft and No.2 Shaft.

The diamond drill hole intersected 2 metres at 118.35 grams per tonne gold, 105.2 grams per tonne silver, 0.86% lead and 1.16 grams per tonne zinc from 125 meters including 1 meter at 235.7 grams per tonne gold, 156.1 grams per tonne silver with minor lead and zinc mineralization from 126 meters.

The results further confirm the narrow but high grade nature of the Manual Vein System. Assays received for two other holes show that eluvium along sections of the Manual Vein System prospect contain low grade gold and silver from surface.

The near surface gold and silver mineralization in these two holes is interpreted to be a result of erosion of the Manual Vein System and related Layong and Francisco veins over time and deposition of vein material in the eluvial profile.

Over the 6 months to the end of December, Lindian has focused its exploration effort on the Layab and Sabang Prospects. The Layab Prospect has shown the greater potential for hosting high grade gold and silver mineralization with the prospect hosting three historically mined high grade gold and silver veins.

Initial attention at Layab has been on the Manuel Vein System due to its ease of access and well defined trend. To date, 22 holes have been completed for 3,938.6 meters with high grade assays obtained in 13 of the holes drilled on that vein system.

The other two veins at Layab, the Francisco and Layong Veins have yet to be evaluated. Lindian is planning to begin exploration to assess these veins in the first half of 2012. The Layong Vein was the main historic producing gold-silver vein system on Masapelid.

Lindian will soon begin infill drilling on the better sections of the Manual Vein System to define a maiden Resource for the Layab Prospect in 2012.

(Sourced from www.proactiveinvestors.com.au)