Mindoro Resources has intersected transported clasts of copper mineralization on the Calo porphyry copper-gold prospect within the Batangas projects, Luzon Island, the Philippines.

The potassic-altered diorite and chlorite-clay altered volcanic clasts contain up to 1% chalcopyrite and are believed to have been transported a relatively short distance from their source.

This new porphyry mineralization occurrence, along with Freeport McMoRan's Tayson porphyry copper-gold prospect 8km to the north, and Mindoro's Pica porphyry copper-gold prospect 4km to the south, are confirming the potential of the large Calo target area for a cluster of porphyry copper-gold deposits.

Drill hole 7 was the final hole of a scout drilling program on the Calo target. It intersected 580 metres of cover volcanics and volcaniclastics and then went into a lithic tuff at the top of the Talahib Volcanics. Clasts of diorite intruding volcanics were found in the tuff. These clasts are interpreted to be derived from the core of a porphyry copper-gold system.

With the completion of the current phase of drilling, all results will be carefully evaluated to assist in vectoring in to the mineralization centre in a second, more focused, round of drilling.

Mindoro's Batangas projects cover about 30,000 hectares in a well-mineralized copper-gold belt and include the Kay Tanda epithermal gold-silver prospect.

http://www.mindoro.com/s/Home.asp

mindoro@mindoro.com