Masbate is one of the oldest settlements in the Philippines. Archaeological records show that Batungan (in Mandaon) and Bagumbayan (in Palanas) were major settlement sites during the Bronze Age (4000-1000 BC). The development of bronze metallurgy in South-East Asia coincided with an increasingly hierarchical society, firmly based on agricultural village settlements. It was these crucial changes, the introduction of new technologies, new social forms, and a new economic base, which culminated in the foundation of the proto-urban settlements of the 1st millennium AD. A fine stone chisel from Mount Batungan is dated to the twelfth century BC. Of the age of Philippine neoliths, it is only possible to say that polished stone adzes from Masbate have been dated from 2710 BC to AD 179.2 Kalanay (in Aroroy) was an island site from 1000 BC-AD 850 (early metal). Masbateño burial jars and a small pottery skull box found in caves dated to the beginning of the Christian era. Exquisite goldwork represents an old Philippine wealth in both an economic and an artistic sense: all sorts of wrought or molded ornaments and jewelry demonstrate both the availability of the raw material and the skill of the artisan – finger rings, earrings, head-bands, pendants, and pectoral ornaments, heavy chains with interlocking serrated edges, light filigree work, delicate necklaces of fine twisted wires, 12-millimeter beads composed of 184 separate granules soldered together, thin hammered sheets for decorating grosser objects like earplugs or the visages of corpses, and a charming little snail of unknown use. Productive mines in Benguet, Butuan, Masbate, and Paracale were in operation and gold being panned in riverbeds all over the archipelago when the Spaniards arrived.