El Paso is located eleven kilometers southeast of Freeport McMoRan's Taysan porphyry copper-gold deposit and seven kilometers northeast of Mindoro's Calo-Pica porphyry copper-gold prospect. The El Paso Project consists of three EPs covering 11,778 ha, and three EP applications covering 6,874 ha. Mindoro owns the EPs 100 % via a wholly-owned Philippine subsidiary, subject to a 1% NSR to the original claim holder.



IP surveys by Mindoro defined two large and strong IP chargeability anomalies, known as Calantas and Mulawin, approximately 2 km to the east of the drill-tested copper ± gold showings. Each is about 2km by 1km in extent with chargeability values ranging from 20 to over 50 msec, against a background of 4 to 8 msec. A thin cover of volcanic ash obscures much of the area, but scattered outcrops indicate geology consists of volcanics and intrusive stocks with encouraging alteration, as well as quartz veining with magnetite, chalcopyrite and bornite in places.

Trenches at the central part of the area, northwest edge of Mulawin, gave 0.88 % copper, 0.14 g/t gold and up to 57 ppm molybdenum over 15 m. These suggest the strong chargeability anomaly below is of considerable potential. High molybdenum values of 806 ppm over a 10 m trench are associated with a younger quartz diorite stock at Calantas, and also suggest a porphyry source. High copper values in the 1 % plus range were outlined in most trenches excavated southwest of the prospect, over lengths from 3 m to 30 m.

El Paso Preliminary Drilling

On February 1, 2010, Mindoro reported the results from six wide-spaced reconnaissance drill holes completed by Gold Fields at El Paso. Summary results are as follows:

SW Breccia Zone Resource at 0.5 g/t Au cutoff:

Prospect	Hole ID	From (m)	To(m)	Length (m)	CU %	Au g/t	Au g/t	Mo ppm
El Paso Hill	EPDD-001	6.00	48.20	42.20	0.5	0.04	2.3	72
&nbps;	including	17.50	28.00	10.50	0.95	0.09	3.4	21
El Paso Hill	EPDD-002	43.45	63.30	19.85	0.29	0.04	2.2	52
$nbsp;	including	50.20	56.50	6.30	0.54	0.03	3.5	116
Kay Tabla	EPDD-003	42.60	50.20	7.60	0.23	0.05	2.8	26
Talumpok	EPDD-004	No meaningful results
Calantas	EPDD-005
Mulawin	EPDD-006	234.50	237.45	2.95	0.17	0.62	2.2

Gold Fields is planning a detailed follow-up drill program.

• Total metal contents in the reported resources represent metal in the ground and have not been adjusted for metallurgical recoveries and other factors which will be considered in later study.
• Mineral resources which are not mineral reserves do not have demonstrated economic viability.
• The tonnage and contained oz figures above have been rounded to the nearest thousand and gold grades to the nearest 2nd decimal, which may have resulted in minor discrepancies.
• The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
• It is uncertain if further exploration will result in upgrading the Inferred mineral resource to an Indicated or Measured mineral resource or the Indicated mineral resource to a Measured Resource category.

There is high potential to expand the SW Breccia resource, and to locate new resources on the adjacent five to seven km of vein-breccia trends at Lobo as shown on the map below.



Calo-Pica Porphyry Copper-Gold Prospects

A cluster of unusually large IP chargeability anomalies has been defined at Calo, with extremely high chargeability readings of up to 100 msec against a background of 6-8 msec. The chargeability anomalies, which occur at the intersection of strong regional northwest to southeast, and northeast to southwest structural features, suggest large concentrations of metal sulphides below the younger cover volcanics.



Porphyry copper-gold mineralization has already been drill-intersected by Mindoro on the far-eastern margin of Calo, where Pica drill hole two intersected 213 m of 0.18 % copper and 0.30 g/t gold. To the southwest, young volcanic cover above the chargeability anomaly contains exotic copper mineralization. Two trench rock chip samples gave 2.62 % copper over 30 m, and 2.17 % copper over 20 m. This exotic copper occurrence, typical of those associated with South American porphyry copper deposits, also implies a significant copper source in the underlying rocks.

Seven wide-spaced drill holes, up to two kilometer apart, were completed in 2007. The first six holes intersected weak to moderate alteration in places. Hole 7 intersected clasts of diorite with strong potassic, silica, clay and chlorite alteration within a debris flow (lahar) at depth, with from trace to one percent chalcopyrite (copper-iron sulphide) and up to three percent hydrothermal magnetite. These clasts are interpreted to be derived from the core of a porphyry copper-gold system some hundreds of meters to the west, where there is a diatreme about 700 m distant.

News Releases
February 1, 2010	El Paso Drill Results
September 1, 2009	Gold Fields Updates Progress on Batangas Projects