Tapian San Francisco lies within the towns of Mainit and Malimono, Surigao del Norte, approximately 32 km south of Surigao City, Northeast Mindanao, Philippines. collectively covering 1,224 hectares.

The Tapian San Francisco tenement is covered by an Exploration Permit (738 ha) and a Mineral Production Sharing Agreement (486 ha). Mindoro has earned 75 percent direct and indirect interest in the project and has the option to acquire a further 25 percent interest from its Philippine partner at feasibility stage.




Several major northeast-trending lineaments extend from Tapian San Francisco through the Boyongan district where they host the Boyongan and Bayugo copper-gold porphyry deposits near their intersection with the Philippine Fault. The northern portion of the Tapian San Francisco property overlaps the southern edge of a large intrusive complex of approximately six km in diameter that hosts the Masgad porphyry system on its western margin and the Mayag porphyry system on its eastern margin.

Alteration at Tapian San Francisco is widespread, pervasive, and typical of porphyry systems. These alteration assemblages span an area that exceeds 3.5 km by 2 km, typical of large magmatic hydrothermal copper-gold ore-forming systems.

A group of seven IP chargeability anomalies was defined at Tapian San Francisco. Geological work identified a cluster of porphyry copper-gold targets, as well as multiple gold prospects.

Further work focused on two northeast structural / chargeability trends: the C6 and C9 trends. The two trends are coincident with porphyry-related rock alteration and copper, gold and zinc in-soil geochemical anomalies and abundant gold and copper showings.

Drilling on the C6 and C9 Trends

Three holes were drilled at C6 and C9 in 2006 with an aggregate length of 1,176 meters. The first drill hole, CDH-01, was drilled on the C6 Porphyry Cu-Au Target; while the other two holes, CDH-02 and CDH-03 were drilled on the C9 Porphyry Cu-Au Target.

The anomalous gold and copper values from holes 1-3 (eg. 0.11 -- 0.21 g/t Au and 0.11 % Cu) are usually associated with anomalous values of As, Mo, Pb and Zn and occur in phyllic and propylitic zones. The mineralization occurring in these alteration types is typical of mineralization in the distal to proximal parts of a porphyry Cu-Au system.

High-Grade Copper Mineralization at Masgad Prospect

Recently, high-grade copper mineralization was discovered by artisanal miners in the northern part of Tapian San Francisco, at the Masgad Prospect. Massive chalcopyrite-pyrite-magnetite ore, likely skarn mineralization, was mined by artisanal miners and sent to China for processing. A small scale mining cooperative was formed under Mindoro's guidance to endeavor to carry out the mining in a regulated manner. However, both ore grade and copper prices declined and the operation ceased. The prospect is thought to be related to a porphyry copper-gold system in the area, which Mindoro is targeting.

Additional Porphyry Copper-Gold and Gold Prospects

Additional prospects at Tapian San Francisco include: Cantikoy, Quino and Riverside, Gold Hill, and Mina. Select the following link for additional information on these prospects:




NEWS RELEASES

October 05, 2006	Results of Initial Three Drill Holes From Tapian San Francisco Project Reported
September 20, 2004	Surigao Joint Venture Defines Strong Porphyry Copper-Gold System at Tapian San Francisco

TECHNICAL REPORTS

April 25, 2005

Independent Geological Report on the Surigao Property Group