Masbate Gold Mine (Syndicate)

Philippines / Bicol / Panique / Syndicate
 mining, gold mine
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The mining claims and applications for Masbate cover an area of approximately 8,106.95 ha. The project and tenements were purchased from Atlas Consolidated Mining and Development Corporation (Atlas) in 1995 and the tenement rights were transferred to Base Metals Mineral Resources Corporation (Base Metals), subsequently renamed Filminera Resources Corporation (Filminera).

In 1936, the Masbate Consolidated Mining Company was formed, incorporating several ofthe smaller mines. The company operated until 1941 but mining ceased during the war.
There was no significant renewal of mining activity until 1979 when Atlas formed Masbate
Nearby cities:
Coordinates:   12°28'4"N   123°23'46"E
This article was last modified 8 years ago