Siana Gold is operated by Greenstone Resources Corporation (GRC),
majority owned by Red 5 Limited, a Perth Western Australia based
Gold Exploration company listed in Australian Stock Exchange.
Siana Gold Mine site is located in Tubod, Surigao del Norte,
about 35 kilometers from Surigao City. It is covered by MPSA
covering 2,023 hectares of land near Lake Mainit in Surigao del
Norte. The Open Pit Project is assessed to potentially generate
3.1M tons of ore at 3.4 grams of gold per ton.
Open Pit Mining contract between Delta and GRC was perfected
last July 22, 2010 and Notice to proceed was served on July 26,
2010. The contract covers a total of 10.3 Million Cubic Meters
of Earthmoving works over five (5) years. Delta’s scope of
Services includes drilling and blasting, waste and ore
excavation, hauling and dumping, stockpiling, storm water and
pit drainage construction, Ore plant feeding, tailings dam
construction and maintenance and other Pit Mine related works.
Delta is bound to strict adherence to health and occupational
safety standards as enforced by Greenstones based on Red 5
Limited mandates and to environmental obligations as Mining
Siana Gold Project
Greenstone Resources / Red5 Limited