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MINDORO RESOURCES LTD

1. [verwijderd] 19 april 2007 16:17

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   het goede nieuws blijft binnenstromen!
   
   Mindoro Resources Ltd. is pleased to provide an update from the Agata
   nickel laterite project, where five coring drill rigs are in operation.
   Both limonite and saprolite horizons of the laterite are substantially
   thicker than anticipated, not only increasing tonnage potential, but also
   expanding market potential for the higher-value nickel material in the
   saprolite horizon. Haul road design and environmental compliance work are
   currently being initiated.
   
   As reported on March 13, 2007, five coring drill rigs are operating on
   the Agata nickel laterite project, with the objective of defining a NI
   43-101 compliant resource adequate, initially, for three to five years of
   production at a rate of 500,000 to 700,000 wet metric tonnes per annum of
   direct shipping-grade material for the very high demand ferro-nickel
   markets of China and SE Asia. Mindoro has a target production date of the
   first half of 2008. This initial drill program covers less then 20% of the
   area of nickel laterite mineralization mapped to date at Agata.
   
   To date, 25 drill holes have been completed for a total of 714 meters.
   Holes are being drilled on 50 meter centers. The nickel laterite horizons
   have been substantially thicker than anticipated. The upper limonite
   horizon has averaged 10.23 meters in thickness, while the saprolite horizon
   below has averaged 15.94 meters in thickness. Average thickness of the
   entire nickel laterite horizon is 26.17 meters, considerably exceeding
   expectations and meaning initial tonnage objective will be reached earlier
   and increasing overall tonnage potential of the project. The substantially
   thicker intercepts of the saprolite horizon in the latest drill results is
   particularly encouraging, as the saprolite characteristically has
   relatively higher nickel grades than the overlying limonite horizon.
   
   The first assay results are expected to be received in about ten days
   and will be reported on a section by section basis as received. It is
   expected that drilling will be completed, and the resource estimate
   commenced by mid-May. Topographic surveying is nearing completion and
   planning has been initiated for a haul road to the nearby coast.
   Discussions are in progress with environmental consulting groups to
   complete the Environmental Compliance Certificate, a pre-requisite for
   production. Mindoro continues to receive expressions of interest from China
   and, more recently, India, to supply nickel and ferro-nickel feedstocks.
   
   
2. [verwijderd] 21 april 2007 18:10

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   Het lijkt er steeds beter uit te zien voor mindoro. Ik ben benieuwd wanneer de grote partijen dit ook gaan inzien. In begin 2008 verwacht ik toch wel enig vuurwerk van mindoro.
3. [verwijderd] 4 mei 2007 14:28

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   EDMONTON, ALBERTA--(CCNMatthews - May 3, 2007) - Mindoro Resources Ltd.(TSX VENTURE:MIO)(FRANKFURT:WKN 906167) today announced that the Board of Directors of Mindoro Resources Ltd. (the "Company") adopted a Shareholder Rights Plan to ensure fair and equal treatment of all shareholders in the event of an unsolicited take-over bid for the common shares of the Company and also to allow both the shareholders and the Board of Directors adequate time to assess any such bid. The Company is not aware of any take-over bid for the Company that has been made or is contemplated.
   
   To implement the Plan, the Board of Directors of the Company authorized the issue of one Right in respect of each common share of the Company outstanding to holders of record on May 2, 2007, as well as one Right in respect of each common share issued after the record date. Initially, the Rights will attach to and trade with the common shares and be represented by certificates representing common shares.
   
   The Plan is similar to shareholder rights plans adopted by a number of other Canadian companies. The Plan is not intended to block take-over bids. The Plan includes "Permitted Bid" provisions which do not invoke the dilutive effects of the Plan if a take-over bid is made by way of a take-over bid circular to all shareholders that remains open for a minimum of 60 days and is accepted by not less than 50 percent of the common shares held by independent shareholders. The Plan will be invoked by an acquisition, other than pursuant to a Permitted Bid, of 20% or more of the outstanding common shares of the Company or the commencement of a take-over bid that is not a Permitted Bid, in which case the Rights separate from the common shares and will entitle holders (other than the acquiring person or group persons) to acquire shares of the Company at a 50% discount to the prevailing market price of the shares.
   
   Although the Rights Plan is effective immediately, the Company intends to submit the Plan to the shareholders of the Company for confirmation at the Company's next annual general meeting of shareholders expected to be held in on June 21, 2007. If confirmed by the shareholders at this meeting, the Plan will be effective until the annual general meeting of shareholders to be held in 2010 and, if reconfirmed by shareholders at that meeting, will continue in effect until the annual general meeting of shareholders to be held in 2013.
   
   ABOUT MINDORO
   
   Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). The Company is carrying out three major drill programs: resource delineation drilling on the Kay Tanda epithermal gold-silver prospect, reconnaissance drilling on the Calo porphyry copper-gold prospect, and advancing a significant nickel laterite prospect towards production; in addition to holding another 22 identified porphyry copper-gold prospects in the Philippines.
   
   FOR FURTHER INFORMATION PLEASE CONTACT:
   
   Mindoro Resources Ltd. (Head Office)
   Penny Gould
   Executive Vice President
   (780) 413-8187
   
   Email: penny@mindoro.com
   Website: www.mindoro.com
   
   Ascenta Capital Partners Inc.
   Investor Relations-Canada
   Trent Dahl
   (604) 628-5800 or Toll Free: 1-866-684-4209 ext. 228
   
   Email: info@mindoro.com
   
   
4. [verwijderd] 4 mei 2007 14:29

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   volgens mij gaat er de komende weken heel goed nieuws komen.
5. [verwijderd] 6 mei 2007 13:35

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   Laatste slot: + 13,04%, zie finance.yahoo.com/q?s=MIO.V
6. [verwijderd] 7 mei 2007 20:38

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   Mon May 7, 2007
   New Drill Results Expand Kay Tanda Significantly
   
   --------------------------------------------------------------------------------
   
   EDMONTON, Alberta; May 07, 2007 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) today reported results from four reverse circulation drill (RC) holes, and partial results from three core holes from the Kay Tanda epithermal gold-silver prospect, located in the Archangel Project, the Philippines. Holes KTRC-104 and KTDH-12 have extended mineralization a further 350 meters to grid west and KTDH-11 extended mineralization 150 meters to grid northwest. In addition, high base metal values have been received from previously reported hole KTRC-101; assaying 5.96 grams per tonne (g/t) gold, 4.13 g/t silver, 3.31 percent zinc and 1.56 percent lead over 26 meters (interpreted as approximate true width), including 14 meters at 10.18 g/t gold, 6.71 g/t silver, 5.72 percent zinc and 2.45 percent lead. The latest drill results are from a combination of infill and extension drilling. The mineralization has now been extended to a total area of over one kilometer in grid east-west direction, and over one kilometer in grid north-south direction. Mineralization is still open in three directions.
   
   The remaining drill holes completed continue to confirm internal continuity (see table below). Drilling to date has been on 50 meter centers, with some infill holes at 25 meter spacing on section to confirm internal continuity. Initially, Kay Tanda is being evaluated for its open-pit, heap-leach potential within the near-surface stockwork zone. Potential is also excellent for deeper, higher-grade veins, stockworks and breccias.
   
   As reported on April 3, 2007, although mineralization is still open in most directions, Mindoro considers it has established a foundation on which to move forward to an advanced evaluation of the project's economic potential. Accordingly, a 43-101 resource estimate has been commissioned. Metallurgical and environmental base-line work is ongoing.
   
   
7. [verwijderd] 9 mei 2007 17:04

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   Er komt wel steeds vaker en positiever nieuws van dit fonds. Ik ben benieuwd wanneer de hele grote klapper gaat komen. Momenteel blijft de handel nog rustige.
8. [verwijderd] 12 mei 2007 16:45

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   Mindoro Resources Ltd.: Consultants Retained to Process Agata Environmental Permits
   Friday May 11, 12:07 pm ET
   
   EDMONTON, ALBERTA--(CCNMatthews - May 11, 2007) - Mindoro Resources Ltd. (TSX VENTURE:MIO - News; FRANKFURT:WKN 906167) is pleased to report that Technotrix Consultancy Services Inc. and Mediatrix Business Consultancy have jointly been retained to assist with Mindoro's application for an Environmental Compliance Certificate (ECC) covering the Agata nickel laterite project in the Surigao Gold District of Northern Mindanao, the Philippines. Receipt of an ECC is a pre-requisite for production. Technotrix and Mediatrix will work with Mindoro to ensure the company's compliance with various ECC requirements, including: Environmental Impact Assessment, Environmental Risk Assessment, Environmental Management Plan, and Environmental Monitoring Programme.
   ADVERTISEMENT
   
   
   Dr. Edgardo G. Alabastro, Chief Executive Officer of Technotrix, is currently the Chair of the Philippine Environmental and Social Assessment Network, Inc., the only existing nationwide Professional Organization of Environmental Impact Assessment Practitioners. As a previous member of the Environmental Impact Assessment Review Committee, of the Philippine Government's Environmental Management Bureau, Dr. Alabastro has handled several mining projects, including the Rio Tuba Project in Palawan. Ms. Matilde J. Fernando, LL.B., General Manager of Mediatrix, has a successful track record of assisting various clients, including Lafarge Corporation, with their permitting requirements in the Philippines.
   
   Mindoro notes that another Canadian company, MBMI Resources (TSX VENTURE:MBR - News), announced on April 23, 2007, receipt of its required environmental permits to commence development and mining on a nickel property in Narra, Palawan, the Philippines.
   
   ABOUT THE AGATA NICKEL LATERITE PROJECT
   
   The nickel laterite prospect is situated on the Agata Project, Surigao Gold District, northern Mindanao, Philippines. There are several nickel laterite mines already in production in the Surigao District, providing direct shipping-grade ore to markets and processing plants in China, Japan, Korea and Australia. The geological extension of the Agata nickel laterite mineralization into an adjacent property, one kilometer south of Agata, is in production and product is being shipped to markets in China (see map accompanying release of March 13, 2007).
   
   The very high demand for ferro-nickel feedstock for stainless steel production in the Asia-Pacific region region, and high nickel prices, presents a great opportunity to get the Agata Project into production fast, and to generate early cash flow. Uniquely, direct shipping grade nickel laterite deposits offer a low-capital cost and rapid route to production and cash-flow.
   
   In 2006, thirty-five wide-spaced drill holes at Agata produced encouraging results, with nickel and iron grades in the range of material in high demand for the rapidly expanding ferro-nickel market for stainless steel production in China and SE Asia. Results were reported in a release dated July 6, 2006. Five rigs are currently drilling on a small part of the area tested in 2006, which is viewed as an Exploration Target with potential for 2 million to 3.5 million tonnes at a grade of 0.9% to 1.2% nickel and 40% to 45% iron, adequate for three to five years production. The Exploration Target has been calculated on approximately just 20% of the nickel laterite area mapped to date, which means the potential is high to increase the total tonnes and production. Assays from the current round of drilling are expected within the week.
   
   The reader is cautioned that the potential quantity and grade of the Exploration Target described is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.
   
   Programs are carried out under the supervision of Tony Climie, P.Geol., president of Mindoro,who is a qualified person as defined by National Instrument 43-101. Sample preparation and assaying is being performed by McPhar Laboratory of Manila, an ISO 9001/2000 accredited laboratory. Ni, Co, Fe, MgO and Al2O3 assays are performed by AAS after an HCl-HNO3-HClO4 digest, and SiO2 by gravimetric method. Normal Quality Control and Quality Assurance procedures are being carried out, using a system of duplicate, standard and blank samples.
   
   
9. [verwijderd] 6 juni 2007 08:39

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   Het is wat stil geweest rond Mindoro de laatste maand, maar dit nieuws was het wachten waard:
   
   
   Mindoro Resources Ltd.: Initial Drill Results From Agata Nickel Laterite Exceed Expectations; Exploration Target Increased
   6/5/2007
   
   EDMONTON, ALBERTA, Jun 5, 2007 (CCNMatthews via COMTEX News Network) --
   Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to report results from the first two drill sections on the Agata nickel laterite project. The limonite horizon on the two sections, 100 meters apart, averages 1.21 percent nickel and 41.07 percent iron over an average thickness of 6.27 meters. These grades exceed current requirements for direct shipping grade ferro-nickel feedstock for stainless steel production in the Asia-Pacific region. The underlying saprolite horizon averages 1.13 percent nickel over an average thickness of 5.75 meters. Since grades within the saprolite horizon are artificially diluted by internal un-lateritized boulders, which would be segregated in a potential mining operation, production grades would likely be higher and have the potential to supply feed for nickel processing plants. Mineralization thicknesses exceed expectations, and tonnage of material greater than one percent nickel is expected to be nearly double the original target projection for these two sections.
   
   As reported on March 13, 2007, five coring drill rigs are operating on the Agata nickel laterite project, with the objective of defining a NI 43-101 compliant resource adequate, initially, for three to five years of production at a rate of 500,000 to 700,000 wet metric tonnes per annum of direct shipping-grade material for the very high demand ferro-nickel markets of China, India and Korea. Mindoro has a target production date of the first half of 2008. The drilling is being conducted on 50 meter centers. This initial drill program covers less then ten percent of the area of nickel laterite mineralization mapped to date at Agata.
   
   Results from eleven drill holes on sections 10,050N and 10,150N are reported. Results are awaited for the intervening section 10,100N. The overburden above the limonite horizon also has high iron content of over 42 percent, and has potential for blending purposes. The nickel and iron grades of the limonite horizon are robust, remarkably consistent between the two sections, and exceed current grade requirements for ferro-nickel feedstock. The average grade of the underlying saprolite horizon (1.13 percent) is diluted by internal boulders and un-lateritized blocks ("floaters") which would likely be segregated during a mining operation, thus providing higher grade feed which has potential for other market sources. And since nickel laterite mining can get down to two meters thick benches, higher grade parts of the saprolite horizon also have the potential to be selectively mined for nickel processing plant feedstock, with corresponding higher credits for nickel content. Even the lower grade material in underlying saprolitic bedrock has production potential.
   
   Results are exceeding initial expectations and Mindoro management considers they form a sound basis for fast-tracking the project. Haul road designs have been completed, the contract for the Environmental Compliance Certificate let. Mindoro has been approached by many interested consumers with whom discussions are ongoing.
   
   
10. [verwijderd] 11 juni 2007 15:40

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    Mindoro Resources Ltd.: Initial Geostatistical Report for Kay Tanda Received; Exploration Target Released
    
    EDMONTON, ALBERTA, Jun 11, 2007 (CCNMatthews via COMTEX News Network) --
    
    Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to report that it has received the results of an initial geostatistical estimate from Golder Associates for the area drilled as of March 2007, at the Kay Tanda epithermal gold-silver prospect, Archangel Project, the Philippines. The intent of the Golder study was an initial geostatistical overview estimate of the mineralization drill-defined to date and, if results justified, to proceed with a full National Instrument 43-101 estimate and report. As a consequence of this preliminary estimate, a full National Instrument 43-101 resource estimate has been commissioned and an Exploration Target defined for this initial area drilled to date.
    
    At a cut-off 0.3 grams per tonne (g/t) gold, the immediate Exploration Target is from 35 to 40 million tonnes of open-pitable material at a grade of 0.76 to 0.80 g/t gold and 2.4 to 2.8 g/t silver, containing between 860,000 and 1,000,000 ounces of gold and 2.7 million to 3.6 million ounces of silver. This Exploration Target may be revised upwards at a later date as extension drilling continues with two diamond drill rigs at Kay Tanda.
    
    At a cut-off at 0.5 g/t gold, the immediate Exploration Target is from 15 to 20 million tonnes of open-pitable material at a grade of 1.1 to 1.4 g/t gold and 3.0 to 3.4 g/t silver, containing from 530,000 to 900,000 ounces of gold and from 1.45 to 2.2 million ounces of silver.
    
    The NI 43-101 report is being carried out by Dr. Bruce Rohrlach, geological consultant to Mindoro and Golder Associates in Brisbane, Australia. It is hoped that the final NI 43-101 resource estimate will be completed and released in late July 2007.
    
    The reader is cautioned that the potential quantity and grade of the Exploration Target described is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.
    
    ABOUT KAY TANDA
    
    Epithermal gold-silver mineralization at Kay Tanda is associated with extensive and intense quartz stockworks, veins and hydrothermal breccias, with accompanying base metal sulphides. Kay Tanda is reflected by an induced polarization chargeability anomaly that is about 1.5 kilometers by 1.4 kilometers in extent, which is part of a much larger chargeability anomaly which extends over six kilometers along strike to the northeast. To date, drilling has been conducted only at Kay Tanda, which is interpreted as intermediate to low sulphidation epithermal quartz-carbonate-gold-silver-base-metal mineralization telescoped into the top of an underlying porphyry copper-gold system.
    
    Mindoro has completed over 140 reverse circulation (RC) and ten core drill holes at Kay Tanda. Almost all holes have encountered near-surface, generally flat-lying to gently-dipping blanket-like low-grade stockwork mineralization. This is strongly to partially oxidized to depths of 40 to 60 meters and non-oxide below this. Drilling, especially at deeper levels, has encountered at least five steeply-dipping, much higher-grade zones with bonanza grades to 100 g/t gold and over 1,000 g/t silver, which are interpreted as structurally controlled upflow, or "feeder" zones. Further drilling and structural studies are in progress to determine the nature and controls of the high-grade zones. The high-grade mineralization appears to occur preferentially at elevations below 150 meters (ASL) within a boiling zone. Few holes have penetrated to this depth to date. Such upflow zones can be associated with bonanza mineralization and constitute some of the world's best epithermal gold-silver deposits.
    
    Programs are carried out under the supervision of Tony Climie, P.Geol., who is a qualified person as defined by National Instrument 43-101. Sample preparation and assaying is performed by McPhar Laboratory of Manila, an ISO 9001/2000 accredited laboratory. Gold assays were by 50 gm fire assay fusion; where gold assays greater than 3 ppm were by gravimetric finish, and by AAS where the gold values were less than that threshold. Silver was determined by AAS after an HCl-HNO3-HClO4 digest. Normal Quality Control and Quality Assurance procedures are being carried out, using a system of duplicate, standard and blank samples.
    
    
12. [verwijderd] 12 juni 2007 20:02

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    De euro / canadese dollar kooers helpt ook aardig mee !
13. [verwijderd] 12 juni 2007 21:39

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    IK heb zelf al een tijdje mio.v. Er bleek een groot verkoopblok te liggen op C$0,80. Nu zijn we daar doorheen gebroken dit geeft in combi met de mooie resultaten een mooie toekomst.
14. [verwijderd] 13 juni 2007 10:01

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    Wat een prachtig einde gister met een slotkoers van 0,89cad. Een stijging van 15% terwijl de meeste juniors zijn gedaald.
    
    Vandaag Mindoro op frankfurt ook weer 2 cent hoger. Hopelijk breekt die daar binnenkort door zijn ATH. Technisch zie ik dan geen weerstand meer. Fundamenteel ook prima in orde na 2 laatst genoemde persberichten. Niet dat het daarvoor al niet goed zat :)
    Kijk maar eens naar MBMI resources hun koers ging in de maand mei ook met een rotgang omhoog na goedkeuring van bepaalde vergunningen.
    Ook al hebben zij meer nikkel ik verwacht dat er met Mindoro een net zo grote koerssprong als bij MBMI in zit.
    
    Succes allen.
    
    Groet,
    
    L&S
15. [verwijderd] 13 juni 2007 13:18

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    Hi
    
    Heeft iemand hier wel eens nagedacht wat de geschatte kosten hier per ton gaan bedragen want met de indicatieve opbrengsten van zon max $ 12 per ton lijkt mij dat hier hoe dan ook de essentiele factor om ooit te gaan mijnen.
    
    We zullen zien
    
    Succes
    
    GH
    
    At a cut-off 0.3 grams per tonne (g/t) gold, the immediate Exploration Target is from 35 to 40 million tonnes of open-pitable material at a grade of 0.76 to 0.80 g/t gold and 2.4 to 2.8 g/t silver, containing between 860,000 and 1,000,000 ounces of gold and 2.7 million to 3.6 million ounces of silver. This Exploration Target may be revised upwards at a later date as extension drilling continues with two diamond drill rigs at Kay Tanda.
    
    At a cut-off at 0.5 g/t gold, the immediate Exploration Target is from 15 to 20 million tonnes of open-pitable material at a grade of 1.1 to 1.4 g/t gold and 3.0 to 3.4 g/t silver, containing from 530,000 to 900,000 ounces of gold and from 1.45 to 2.2 million ounces of silver.
    
    The NI 43-101 report is being carried out by Dr. Bruce Rohrlach, geological consultant to Mindoro and Golder Associates in Brisbane, Australia. It is hoped that the final NI 43-101 resource estimate will be completed and released in late July 2007.
    
    The reader is cautioned that the potential quantity and grade of the Exploration Target described is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable
16. [verwijderd] 13 juni 2007 15:20

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    Ik durf het niet te zeggen Gung Ho.
    
    Wat ik wel weet is dat het nieuws blijft binnenstromen:
    
    Mindoro Resources Ltd.: Mapping and Rock Sampling Increase Mineralization Area at Kay Tanda Another 600 Meters
    
    EDMONTON, ALBERTA--(Marketwire - June 13, 2007) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT: WKN 906167) today reported that additional geological mapping, trench and outcrop sampling at the Kay Tanda Prospect, Batangas Province in the Philippines, have significantly increased the area of epithermal gold-silver mineralization at least a further 600 meters grid north and 300 meters grid west. New trenching and outcropping sampling results include 209 meters of 0.43 grams per tonne (g/t) gold; 60 meters of 0.69 g/t gold and 5.40 g/t silver; and 50 meters of 0.35 g/t gold and 29.84 g/t silver. These are in addition to previously reported trench results which included 51 meters of 1.25 g/t gold. A further three diamond core holes also returned encouraging results, including 48 meters of 1.21 g/t gold in KTDH-15 and 25 meters of 0.77 g/t gold in KTDH-16.
    
    To date over 140 reverse circulation holes and 18 core holes have been completed and have defined gold-silver mineralization extending over an area of about one kilometer by one kilometer in extent. An Exploration Target was released for this drilled area on June 11, 2007 (see below "About Kay Tanda") and a NI 43-101 compliant resource estimate is in progress. The distribution of this mineralization is shown on the accompanying compilation map in grams per tonne gold times intercept in meters.
    
17. evr68@hotmail.com 13 juni 2007 18:05

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    quote:

    JoeBar schreef:

    De euro / canadese dollar kooers helpt ook aardig mee !
    

    Inderdaad, dat scheelt flink nu voor het eerst in de plus, gekocht op 0,48 nu 0,57 stond gisteren nog flink rood, met dezelfde koers, nu plus voor het eerst.
18. [verwijderd] 13 juni 2007 21:24

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    Yep bij mij zelfde verhaal, heb al een poosje wat MIOootjes en nu door koers in de plus. En als na al dit goede nieuwe de koers ook nog eens richting 1 dollar gaat en erover dan is het cashu !
19. [verwijderd] 15 juni 2007 15:36

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    En er is weer nieuws over Mio.v
20. [verwijderd] 15 juni 2007 16:15

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    +11% , dit is een toppertje goede nieuws blijft maar komen.
21. [verwijderd] 15 juni 2007 16:25

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    Ik kan alvast mijn vakantie boeken :)
    
    Mindoro Resources Ltd.: Bonanza Intercept at Kay Tanda
    Friday June 15, 8:30 am ET
    
    EDMONTON, ALBERTA--(CCNMatthews - June 15, 2007) - Mindoro Resources Ltd. (TSX VENTURE:MIO - News; FRANKFURT:WKN 906167) is pleased to report that it has intersected bonanza mineralization in core hole KTDH-20 at the Kay Tanda epithermal gold-silver prospect, Archangel Project, the Philippines. KTDH-20 intersected one meter of 12.92 grams per tonne gold (g/t) from 17 to 18 meters, and one meter of 246.41 g/t gold from 25 to 26 meters. This is part of an intersection grading 11.49 g/t gold over 25 meters from 3 to 28 meters. Results have not yet been received from below 28 meters. The mineralization is in classic epithermal hydrothermal breccias and stockworks and is considered to represent a true width intercept.
    KTDH-20 is part of an infill program recommended by Golder Associates in their geostatistical overview of Kay Tanda (see release dated June 11, 2007). Golder recommended close spaced drilling (12.5 by 12.5 meters) over a small portion of the deposit to provide information on the short-scale continuity of the mineralization. Hole KTDH-20 was drilled 12.5 meters from reverse circulation hole KT-22, which intersected 69 meters of 0.62 g/t gold and 1.75 g/t silver.
    
    It is anticipated that more such bonanza zones will be encountered within the large area of mineralization outlined to date at Kay Tanda, where drilling has been mostly on 50 meter by 50 meter centers.
    
    Kijk eens hoe dicht het op de oppervlakte ligt.
    Vooral de laatste alinea geeft ook veel goede hoop: Ze verwachten nog meer van dit soort bonanza ontdekkingen te doen.
    
    Als er nu ook nog nieuws komt van het project Calo waar de verwachtingen eigenlijk nog veel groter waren dan het Kay Tanda project. Dan spuiten we hopelijk naar ongekende hoogte.