Mindoro Resources
MINDORO has been exploring in the Asia Pacific region's high-potential magmatic arcs since 1997, and holds a significant land position of more than 60,000 hectares in world-class nickel laterite and copper-gold porphyry districts in the Philippines. The company's most advanced properties are the Kay Tanda Gold-Silver and Agata Nickel Laterite prospects. These properties have been drilled extensively and are being fast-tracked towards economic evaluation and potential near-term development. Drilling is also underway on a massive multi-kilometer porphyry copper-gold prospect with potential to host multiple porphyry copper-gold centers. A further 22 porphyry copper-gold and several epithermal gold targets have yet to be tested.
Mindoro Resources says Batangas project JVs making progress.
Mindoro Resources Ltd announced that the Batangas Project joint ventures with a member of the Gold Fields group of companies and with Avocet Mining PLC are making progress.
Gold Fields, which may earn up to a 75 percent interest in each of Mindoro's El Paso, Lobo and Talahib porphyry copper-gold projects located in the Batangas Province of southern Luzon, the Philippines, has advised that the due diligence is proceeding satisfactorily. Preparation of a formal agreement is well-advanced and program planning has commenced.
Avocet, which may earn a 75 percent interest in Mindoro's Archangel Project, also in Batangas, advised Mindoro that it commenced field work in October and is preparing for a 1,500 metre diamond drilling programme at Kay Tanda.
Field work is ongoing, and Avocet has contracted Indodrill Philippines Inc to conduct the drilling, which is expected to commence in early December. Indodrill is an independent contractor with considerable experience in man portable diamond drilling in Southeast Asia, Mindoro said.
Other Mindoro Resources articles
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17/09/08 Mindoro Resources – Agata keeps adding to resources
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16/09/07 Mindoro Resources - A player in an emerging mining destination
Other Mindoro Resources news
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03/10/08 Mindoro Announces Proposed IFC Investment
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30/04/08 Mindoro releases Agata Nickel Project resource estimate
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