Monday, June 14, 2010
(TSX.V-MIO) - Reminder for Investor Luncheon for Mindoro Resources Ltd.
Mindoro Resources Ltd. (TSX.V - MIO) invites you to attend a series of investor luncheon presentations to be held on June 15th and 16th in Toronto and Vancouver. This forum is open to accredited investors, brokers, investment bankers and analysts.
Tuesday, June 15th, 2010 - 12:00pm - 1:15pm
Toronto Intercontinental Hotel (Lunch will be served)
22 Front St. W.
Toronto, ON
416-597-1400
Wednesday, June 16th, 2010 - 1:15pm - 2:15pm
Hy's Encore (Appetizers and drinks will be served)
637 Hornby St.
Vancouver, BC
604-683-7671
This is an excellent opportunity to learn about Mindoro's exciting new developments and hear about upcoming milestones directly from company management.
Preferential seating will be given to those who RSVP by Monday June 14th on a first come first serve basis. Please RSVP to
Mindoro@senergyir.com.
Mindoro at a Glance:
Currently conducting a $5.2 million private placement at $0.208 with institutional backing.
Indicated Resource of 26 million DMT @ 1.11% Nickel and 0.06% Cobalt and 3.79 million DMT @ 1.06% Nickel and 0.05% Cobalt inferred.
Currently completing 3000m infill drilling program to define mining reserve for a Direct Shipping Ore (DSO) operation to provide near term revenues as early as Q1 2011.
Drilling currently being conducted by Goldfields on the Lobo epithermal Gold-Copper project.About Mindoro Resources Ltd.
Mindoro is currently focused on exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro controls major nickel laterite resources in the Surigao District, Mindanao, where potential for a direct shipping ore (DSO) operation to generate early cash flow is being advanced as well as large scale potential for an onsite processing plant.
Mindoro has NI 43-101 Mineral Resource estimates on its Agata North nickel-cobalt project (November 2009) totalling Measured and Indicated 26.92 million dry metric tonnes (DMT) at 1.11% Nickel and 0.06% Cobalt and Inferred 3.79 million DMT at 1.06% Nickel, 0.05% Cobalt. The Surigao regional exploration target is 50 million to 70 million DMT at 0.9% to 1.2% Nickel (January 2010).
Mindoro also has NI 43-101 Mineral Resource estimates on both its Lobo and Archangel (Kay Tanda) gold-silver projects. Mindoro has identified 22 porphyry copper-gold prospects and has three projects in the Batangas area of southern Luzon which are the subject of a farm-in arrangement whereby Gold Fields Ltd may earn 75% through direct project expenditure. Goldfields has commenced drilling on the Lobo project.
Drilling on the American Tunnels project has confirmed potential for a near-surface, bulk-tonnage gold target and porphyry copper-gold targets. Other objectives include progressing joint venture discussions on Mindoro's porphyry copper-gold prospects at Surigao.