Markets

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities