Medusa Mining Limited, through its Philippines operating company, Philsaga Mining Corporation, advises that it has increased the Global Resources at its Co-O Mine by 30% to 1,960,000 ounces from 1,501,000 ounces (and after taking into account gold produced since 21 June 2010).
As a result of the new resource model contained in this report and drill results announced on 6 July 2011, the Company will be revising the Conceptual Exploration Target size for the Co-O Mine.
