ElFys, Inc
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Ten Sixty Four successful listed on the Australian Stock Exchange in December 2003 with the intention of exploring for gold. The main area of interest was the Philippines though the Company did have interests in projects in Western Australia.
The first 12 months saw the Company earn a 50% interest in the Saugon gold/silver project in the Agusan del Sur region of Mindanao, the large island in the south of the Philippines. Exploration identified narrow epithermal type veins containing gold and silver. Ten Sixty Four project partners were Philsaga Mining Corporation, a privately owned Filipino corporation that operated the then small scale Co O mine and processing plant.
In late 2004 Ten Sixty Four and Philsaga enter into a Heads of Agreement to merge with Philsaga Mining Corporation. The merger was completed in 2006 and the Company commenced redeveloping the Co-O Mine with an initial production target of 40,000 ounces per year.
Primary Activity
Mining Company
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