Mindoro Resources has announced a new high-grade gold-silver zone intersected at the Kay Tanda prospect in the Philippines.

Mindoro has conducted a further four reverse circulation drill  holes at the Kay Tanda epithermal gold-silver zone, located in the Archangel Project, the Philippines.

Hole PL-23 returned 4.03 grams per tonne  gold and 179.16 grams per tonne silver over 26 meters, from 0 to 26 meters, including 16.94 grams/tonne gold and 1045.58 grams per tonne silver (or 37.85 grams/tonne gold equivalent*) over four meters. This intercept is followed by 12.24 grams per tonne gold over two meters from 58 to 60 metres.

Mineralization intercepts are believed to approximate true widths. Mineralization is open in several directions. The high-grade mineralization in PL-23 is interpreted to be part of another upflow (or "feeder") zone along a northeast-trending structure. Further drilling will target extensions of this zone.

Other significant intersections above the 0.3 grams/tonne gold cut-off were: 0.43 grams/tonne gold over 16 metres in PL-24; 0.44 grams/tonne gold over 22 metres, followed by 8.15 grams/tonne gold over two meters in PL-25 and 0.76 grams/tonne gold over 34 meters in PL-26.

Meanwhile, diamond core hole KTDH-05 is in progress in the north-eastern part of Kay Tanda. KTDH-05 is an angle hole to test below hole KTDH-04, and is currently at a depth of 300 meters. A second core rig has been contracted and is being mobilized to site this week. With the RC rig, this brings to three the number of drill rigs operating at Kay Tanda.

 Mindoro plans on drilling a minimum additional 7,000 meters at Kay Tanda, targeting both the low-grade, near-surface blanket form of mineralization as well as the steeper-dipping and deeper, high-grade "feeder" structures.

The western part of Kay Tanda, from where the latest drilling results are reported, was previously referred to as Pulang Lupa. Based on induced polarization data. Pulang Lupa is now believed to be continuous with Kay Tanda at depth, and future infill drilling will be carried out to confirm this.

Drilling will continue to extend and evaluate the epithermal gold-silver and base-metals mineralization at Kay Tanda; especially targeting and extending the high-grade mineralization encountered in recent holes, and testing areas of enhanced chargeability.

 A number of the RC holes will be deepened with the core rig to test elevations below 150 metres. Some core holes will also be continued to greater depths where alteration and mineralization suggest proximity to porphyry mineralization. Preparatory work on a National Instrument 43-101-compliant resource report has started. Two metallurgical samples have been sent to Australia for testing and a third sample is being collected. This work will be followed by a scoping study.