Cadan Resources Corporation announced that the company's Philippines affiliate, Tribal Mining Corporation (TMC), has poured its first gold since the approval to commence commercial production at the T'Boli gold-silver mine. The first gold bars were poured at the TMC owned carbon-in-leach (CIL) processing plant in T'Boli, South Cotabato, Philippines. Between October 10th and November 30th, the T'Boli CIL plant milled 1,881 dry metric tons (DMT) of mineralized rock from existing stockpiles. With assays of 98% Au, and weighing a total of 316oz, the average grade of gold produced from
1,881 DMT was 5.2g Au/DMT. Additionally, 497oz of silver were recovered; the average grade of silver produced from the 1,881 DMT was 8.2g Ag/DMT. The mineralized rock stockpile was predominantly derived from the development of drives along veins in preparation of stopping operations during 2011 and 2012. The first of these drives is scheduled to commence mining operations during the first quarter of 2013, with daily production rates scheduled to rise up to 200t per day.