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Mindoro Resources Ltd. (TSX VENTURE:MIO) (FRANKFURT:WKN 906167) announced further infill drilling results from the company’s Agata Nickel Project in the Philippines.
Mindoro Resources Ltd. (TSX VENTURE:MIO) (FRANKFURT:WKN 906167) announced further infill drilling results from the company’s Agata Nickel Project in the Philippines.
The press release is quoted as saying:
The results to date include grades and thicknesses consistent with those previously reported. These continue to be of potential economic interest as potential Direct Shipping Ore (DSO) nickel-iron limonite (>1% Nickel, >45% Iron) for the Chinese nickel-pig iron market and high grade transition to saprolite ore (>1.4% Nickel) for Chinese Electric Arc Furnace (EAF) and/or other acid leach or ferronickel processing facilities in Australasia. Results of the drilling, combined with mine planning information, will allow preparation of an NI 43-101 Mineral Reserve statement, scheduled for July 2010.
Click here to access the entire press release