Benguet Corporation disclosed that the Exploration Permit of its Bolco Gold Project in Zamboanga Sibugay was approved on Nov. 21, 2023 by the Mines and Geosciences Bureau. This will allow the Company to start exploration activities in the area including drilling of the San Fernando vein.

The Bolco Project is about 150 km. from Zamboanga City. It straddles the common boundary of R.T. Lim, Zamboanga Sibugay and Siocon, Zamboanga Del Note.

The Company has an operating agreement with the claimowner, Oreline Mining Corporation, to explore and operate the property.