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Jul 26, 2005
Increased Market Activity
Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: OLM) reports that there are no material changes in the affairs of the Company that would account for the recent increased trading activity and rise in share price. Mindoro notes that the significant trading activity on the TSXV today was preceded with high demand on the Frankfurt Exchange where over nine million shares had traded as of the time of this release.
In a press release dated July 19, 2005, Mindoro announced positive metallurgical test results had been received for a small bulk sample from the Kay Tanda gold-silver prospect at the Archangel Project in the Philippines. At the Lobo Project, seven kilometers from Archangel, Mindoro is continuing to drill the Pica prospect, where independent petrographic work has confirmed the presence of a porphyry copper-gold system, as announced on June 22, 2005.
Mindoro is a Tier One Company trading on the TSX Venture Exchange (TSXV: MIO) and the Frankfurt Stock Exchange (OLM). The Company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines since 1996 and is presently focused on six promising projects in politically stable jurisdictions of the Philippines.
For further information, contact
Penny Gould, Executive Vice President
Marshall Farris, Ascenta Capital Partners Inc.
Toll Free: 1-866-684-4209
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
You can view the Next Press Releases item: Fri Aug 5, 2005, Update on Surigao Projects: Drilling Planned on Multiple Porphyry Copper-Gold Prospects
You can view the Previous Press Releases item: Tue Jul 19, 2005, Positive Metallurgical Test Results from Archangel Gold-Silver Prospect
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