RTG announces granting of the Bunawan exploration permit EP-033-XIII

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[{"type":"text","content":"\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\nANNOUNCEMENT TO THE TORONTO STOCK EXCHANGEAND AUSTRALIAN SECURITIES EXCHANGE20 AUGUST 2014\n\n\n\nPERTH, Western Australia, Aug. 20, 2014 /CNW/ - The Board of RTG Mining Inc. (\"RTG\", \"the Company\") (TSX Code: RTG, ASX Code: RTG) is pleased to announce the granting of Exploration Permit EP-033-XIII for the Bunawan Project in the Philippines. \n\nThe granted EP covers an area of 677 hectares in the Rosario area in Agusan del Sur, Mindanao (see Figure 1) and is in a similar geological setting as the adjacent high grade Co-O mine held by Medusa Mining Limited. Highlights of the approved EP area include:\n\n\nPrevious site investigation programs over the area including detailed mapping, rock chip sampling, a ground magnetic survey and stream sediment sampling have identified several highly prospective areas and walk up drill targets including Mahunoc, Imbudo and Baleleng (see Figure 2). \nThe geology of mineralisation is consistent with representing the very upper levels of an epithermal vein system similar to Co-O (historic production at an average grade of 10,93g/t Au1) and Diwalwal (production to date of approximately 2.7m ozs2) and is coincident with a 1.5km + 100 ppb gold in soil anomaly overlying a major structure along the diatreme margin. (see Figure 3). \nEP-033-XIII covers the eastern part of the Mahunoc diatreme dome complex and is contiguous with the significant artisanal mining area of Red Mountain (see Figure 1).  \nGiven the highly prospective nature of the EP, the Company is keen to commence a drilling program and is well positioned in the region in terms of both local community issues and near term access to drill rigs.\n\n1 www.medusamining.com.au 2 www.pmdc.com.ph\n\nCOMPETENT PERSON \n\nThe information in this report relating to exploration results, mineral resources or ore reserves is based on information provided to Mr Robert McLean by RTG Mining Inc. Mr McLean is an independent consultant geologist and is a corporate member of the Australian Institute of Mining and Metallurgy. Mr McLean has the relevant qualifications, experience, competence and independence to be considered an \"Expert\" under the definitions provided in the Valmin Code and \"Competent Person\" under the JORC Code. Mr...

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