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- Large land position in the resource-rich but under-explored Philippines
- NI 43-101 gold, silver and nickel resources on three projects
- Drilling underway at American Tunnels where locals have been mining high-grade gold and copper
- Senior producer Gold Fields funding exploration and drilling on three copper-gold projects to earn up to 75% interest
- With abundant gold and copper-gold prospects in the pipeline, management expects more joint venture partners and more discoveries
Mindoro is focused on making world-class gold, copper-gold and nickel discoveries in the resource-rich Philippines. The company is well-established in the country where it has NI 43-101 resource estimates on its Agata North nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay Tanda) gold-silver projects. The company has a joint venture with Gold Fields on three copper-gold projects and a strong portfolio of 22 gold and copper-gold prospects in the pipeline.
Mindoro is well positioned to capitalize on the global demand for gold. Drilling commenced in August on the American Tunnels gold / copper-gold project where local miners have been reportedly recovering gold grades from 2 g/t to 1,000 g/t in shallow pits and tunnels. Gold Fields is earning into three Mindoro copper-gold projects and has scheduled drilling to start on the El Paso project in September. Final results are awaited from a recently completed drill program on Mindoro’s Kay Tanda gold project and Mindoro is commencing discussions with various parties who have expressed an interest in acquiring the gold resource. Additional near-term objectives include finalizing one to two joint venture arrangements on Mindoro’s porphyry copper-gold prospects at Pan de Azucar and Surigao and identifying a suitable partner to fund development of the significant Agata North nickel resource. Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167).
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