Mindoro Resources Reports Drill Results from West Drift Prospect, Batangas
Mindoro Resources Ltd. (MIO.V) reported that ASX listed Red Mountain Mining Ltd, majority owned by Mindoro, has disclosed results from a further nine drill holes on the West Drift Prospect, Batangas project, Luzon Island, Philippines.
Past mining (1960s) was of a high sulphidation copper-silver zone, whereas current drilling is targeting a metallurgically simpler, low-sulphidation mineralization phase (relatively higher gold and less copper, arsenic and silver).
Mindoro said gold results continue to be encouraging and appear to confirm the presence of a high-grade, low-sulphidation gold mineralization phase at deeper levels.
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