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Batangas Projects: Resources and Multiple Targets in a Well-Mineralized Copper-Gold Belt
The Batangas land package totals 32,292 hectares in a well mineralized copper-gold belt. This belt includes the Taysan porphyry copper-gold deposit of Freeport McMoRan, which is adjacent to the Mindoro projects, as well as the Dizon, San Antonio and Mogpog porphyry copper-gold deposits. Mindoro has earned a 51% interest in the property and may earn an additional 24% interest in the entire land package by taking any one deposit to feasibility.
This summary map of the Batangas Projects shows the tenement situation and main prospects defined to date. Of particular note are the areas of high chargeability (reflecting metal sulphides) defined to date which are shown in yellow and red. These cover a remarkable area within Mindoro's tenements, indicating the widespread and strong alteration and mineralizing processes which have operated in the Batangas District. Many mineral showings are as yet un-surveyed by geophysical surveys (induced polarization) and it is expected that even more chargeability anomalies will be discovered as work progresses.
The most advanced Batangas prospect is Kay Tanda in the Archangel Project, which is fast approaching the feasibility stage. Extensive drilling on Kay Tanda included over 21,000 meters in 2006-2007. In June 2007, the company intersected bonanza mineralization in core hole KTDH-20. This hole intersected one meter of 12.92 g/t gold from 17 to 18 meters and one meter of 246.41 g/t gold from 25 to 26 meters. These are portions of an intersection grading 11.49 g/t gold over 25 meters from 3 to 28 meters.
Reconnaissance drilling is also underway on the Calo prospect. The object of this 3,500-meter drill program is to vector into the mineralized center(s) of this massive porphyry copper-gold prospect. Several other Batangas prospects also offer great promise, especially porphyry copper-gold targets at Archangel, El Paso and Talahib.
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