Mindoro Resources Ltd (CVE:MIO,ASX:MDO,FRA:OLM) reports it has strong nickel and iron grades intersected at the surface of the Agata South project.
Mindoro Resources Ltd (TSXV:MIO,ASX:MDO,FRA:OLM) reports it has strong nickel and iron grades intersected at the surface of the Agata South project.
The press release is quoted as saying,
Agata South is part of the larger Agata Project, located in the Surigao nickel district of NE Mindanao, Philippines, which hosts the NI 43-101 compliant Agata mineral resource several kilometers to the north. As illustrated on the accompanying map (also available with this release on Mindoro’s website), Agata South encompasses three areas of nickel laterite mineralization, with the southern most of those initially drilled at 100m x 100m centers, now with in-fill drilling underway at 50m x 50m centers.
Mindoro’s President and CEO, Jon Dugdale says,
Upon completion of in-fill drilling in July, we will be in a position to upgrade the resource at the Agata Nickel Project. The upgraded resource will be incorporated into the prefeasibility study production schedule and the near-surface high-iron material will be evaluated for early stage production.