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GEOGRACE Resources Philippines is a PSE-listed mineral exploration company whose aim is to become the gateway to Philippine mining by positioning itself as the preferred local partner of the international mining industry's investments and operations in the country. Based on its expertise in providing solutions for the social, economic and political framework of mining investments in the Philippines, the Company works closely with foreign and local partners to acquire, explore, develop, and commercialize mining projects in a variety of base and precious metals.
 
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Geograce Resources held their Board of Directors meeting last September 2012. In the said meeting, the results of the exploration work done in Masbate 10 & 2145 (better known as the Masbate companies) were presented to all stakeholders.

The company presented the exploration work program done and completed by Vale Exploration Philippines Inc., a subsidiary of Vale S.A., for the mineral properties located in the municipalities of Mobo, Milagros, Uson, and Masbate City.

Located 40 kilometers south east from the Masbate Gold Project of Australia's CGA Mining Ltd. in Arroroy, Masbate, the mining claims are situated in the Central and Eastern portion of the province of Masbate, covering approximately 25,486.11 hectares.

Part of the activities done by Vale include the collection of more than 2,700 soil and 160 rock samples. The samples were subjected to a 30-element ICP analysis and underwent further mineralogical interpretation through Reflectance Spectroscopy using an analytical spectral device.

In the process, VALE engaged the services of Murphy Geological Services of Ireland to conduct regional, structural and alteration interpretation of the area using ASTER Satellite Imagery.

From December 2011 to January 2012, Vale also commissioned the services of a third party environmental consultant to conduct an Environmental Baseline study over the Masbate 10 & 2145 areas. The study consisted of Soil Chemical Analysis and Classification, Terrestrial Flora and Fauna Characterization, Ground Water and River Surface Water Quality analysis.

 
UPDATE ON THE MASBATE EXPLORATION PROJECT
Following the signing of the Exploration and Option Agreement (EOA) last June 24, 2008 between Geograce Resources Philippines, Incorporated (GEO) and Vale Exploration Philippines, Incorporated (VEPI), field exploration and related activities started in Masbate Island from November, 2008 and are at present continuing although to a limited extent as a consequence of the global economic slowdown.
 
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Geograce signs deal to mine nickel in Isabela
LISTED GEOGRACE Resources Philippines, Inc. signed on Tuesday a deal with Tanco-led Geogen Corp. to extract nickel from a mine site in northern Luzon, the company told the stock exchange yesterday.
Under the deal, Geograce will exclusively develop and operate two adjacent mining areas — 45 and 60 hectares — in the municipality of Dinapigue in Isabela province until March next year, subject to renewal by both parties.
 
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Geograce director Michael Defensor gives mining industry speech in AIM Conference.
As the worsening global financial meltdown continues to hit economies all over the world, the Philippines being no exception, a number of our Overseas Filipino Workers (OFWs) have been laid off and are coming home jobless.

To take the lead in facilitating the reintegration of the globally displaced workers in the local economy, the AIM Policy Center, through its Global Competitiveness Program (GCP), and its partner, the Konrad Adenauer Stiftung (KAS) convened the Handog ng Overseas Filipino Forum 2008 to highlight the prospects offered by the Sunrise Industries-- the Agribusiness, BPO-IT, Eco-tourism, and Mining Industries.

 
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Geograce signs exploration deal with world's second largest mining company
Locally listed mining exploration company Geograce Resources Philippines, Inc. recently inked an agreement with Vale, the world's second largest mining company for joint mining explorations in
Masbate for gold and copper. Vale committed US $6Million as initial investment.

Present during the signing ceremony were (from L-R) Jerry Angping, Geograce President; Michael Rennison,
 Vale’s Business Development Manager; Michael Defensor, GEO Management Services Chairman; and Atty. Renato Puno, Geograce Chairman.

 
Geograce focuses on building up resources tenements
The ASIA Miner
July-September 2008
 
 
Geograce signs exploration deal with world's second largest mining company
BusinessWorld
July 25, 2008
 
World's second largest
miner, RP firm to explore for minerals in Masbate
GMANews
July 24, 2008
   
   
Orex Iligan Project.
 
The Orex Iligan Project (“Orex”) is a 6,163-hectare porphyry copper-gold prospect located in Iligan City, north north-west of the Island of Mindanao, Philippines under one Exploration Permit Application.
 
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The Ayungon Project.
 
The Ayungon Project is a 4,717 hectare porphyry copper-gold prospect on the island of Negros, Philippines. The project comprises two Exploration Permit Applications (“EPA”) and one Mineral Production Sharing Agreement (“MPSA”).
 
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Masbate Copper-Gold Project
On June 24, 2008, Geograce Resources Philippines, Inc. announced the signing of an agreement with Vale Exploration Philippines Inc., a subsidiary of Companhia Vale do Rio Doce (Vale) for the joint exploration and assessment of the Masbate Copper-Gold Project.
 
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Geograce signs deal with ...
World's second-largest miner ...
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GEO Operating Agreement (Negros Oriental)
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