The Batangas Projects are located in Batangas Province, Luzon Is. Philippines, as shown on the Mindoro Projects map below. The area is approximately three to four hours drive from Manila.

The Batangas Projects, which include the original Lobo and Archangel Projects, are located within a well mineralized copper-gold belt. This belt includes the Taysan porphyry copper-gold deposit of Freeport McMoRan, adjacent to the Mindoro projects, as well as the Dizon, Tapian, San Antonio and Mogpog porphyry copper-gold deposits, several of which have been mined.



The Batangas Projects compilation map below shows the tenement situation and main prospects defined to date. Of particular note are the areas of high Induced Polarization (IP) chargeability anomalies (reflecting metal sulphides) defined to date, which are shown in yellow.

These cover a large area within Mindoro's tenements, indicating the widespread and strong alteration and mineralizing processes which have operated on the Batangas Projects. Many mineral showings are as yet un-surveyed by IP geophysical surveys, and it is expected that even more chargeability anomalies will be defined as work progresses.




Mindoro acquired the Lobo and Archangel Projects in the Batangas District of Luzon Island in October 2000, under an agreement with Egerton Gold Phils., Inc. (Egerton), a private Philippines company, whereby Mindoro could earn a 75 percent interest in the Batangas Projects. Lobo and Archangel are each held under a Mineral Production Sharing Agreement (MPSA), which is a legally binding contract with the Philippine Government allowing for mineral exploration and development.

Early work in the Batangas District was so encouraging that Mindoro increased its tenements and tenement applications (under Exploration Permits) to over 29,000 hectares (ha). These cover favorable geology and abundant epithermal gold-copper-silver showings, and several clusters of porphyry copper-gold prospects.

Under the original agreement with Egerton, Mindoro had earned a 75 percent direct and indirect interest. In order to clear the way for pending joint ventures, Mindoro acquired the remaining 25 percent indirect interest in December 2008.

News Releases
December 15, 2008	Mindoro Acquires Remaining Batangas Interest