🕐15.12.10 - 21:00 Uhr
Mindoro CEO Broadcast
A Successful Explorer with License to Operate in the Philippines
NEWS RELEASE
December 15, 2010
TSXV: MIO
ASX: MDO
Frankfurt: OLM
[1]www.mindoro.com
MINDORO RESOURCES LIMITED CEO BROADCAST
EDMONTON, Alberta; December 15, 2010 - Mindoro Resources Ltd.
(TSXV: MIO; ASX:
MDO; Frankfurt: WKN 906167) provides the opportunity to listen to an audio
broadcast with Jon Dugdale, President, CEO & Director in a presentation titled
"Mindoro Listing on ASX and Exploration Results - Jon Dugdale, President and
CEO".
To listen, copy the following details into your web browser:
[2]http://www.brr.com.au/event/72515
The presentation details are as follows:
* Mindoro listing on ASX and Exploration results - Jon Dugdale, President and
CEO
* Presented by Jon Dugdale, President, CEO & Director
* Wed, 15 Dec 2010 2:30pm AEST
___________________________________________________________________________
For further information about Mindoro, please contact:
Australia:
Jon Dugdale, President and CEO, Tel +61 3 9615 5055 or email [3]
Canada:
Penny Gould, VP Investor Relations, Tel +780 413 8187, Toll free 1 877 413
8187, or email [4]
Germany:
Robert Sarcher, Director, Tel +49 821 6089051, or email [5]
Website: [6]www.mindoro.com
___________________________________________________________________________
ABOUT BOARDROOM RADIO
Boardroom Radio offers many free services, such as:
* Boardroom Radio Alerts
* Easy access to archived presentations on demand
* Podcast subscription with daily updates
Visit Boardroom Radio for more information.
___________________________________________________________________________
ABOUT MINDORO
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the
Frankfurt Stock Exchange (WKN 906167).
Mindoro is focused on exploration in the
Philippines with a strategy of advancing early stage opportunities to
production or joint venture.
Mindoro controls major nickel laterite resources
in the Surigao District, Mindanao, where potential for a value-added direct
shipping ore (DSO) operation to generate early cash flow is being advanced as
well as large scale potential for an onsite processing plant.
Mindoro has NI 43-101 Mineral Resource estimates on its Agata nickel-cobalt
project totaling Measured and Indicated 32.6 million dry metric tonnes (DMT) at
1.04% Nickel and 0.05% Cobalt and Inferred 1.68 million DMT at 1.04% Nickel,
0.04% Cobalt.
The Surigao regional Exploration Target is 50 million to 70
million DMT at 0.9% to 1.2% Nickel (See press releases dated January 11 and
September 8, 2010).
Drilling of the Surigao nickel laterite Exploration Target
is in progress.
Mindoro also has NI 43-101 Mineral Resource estimates on both its Lobo and
Archangel (Kay Tanda) gold-silver projects.
Mindoro has identified 22 porphyry
copper-gold prospects and has three projects in the Batangas area of southern
Luzon which are the subject of a farm-in arrangement whereby Gold Fields Ltd
may earn 75 percent interest through direct project expenditure.
Drilling on the American Tunnels project has confirmed potential for a
near-surface, bulk-tonnage gold target and porphyry copper-gold targets.
Other
objectives include progressing joint venture discussions on Mindoros porphyry
copper-gold prospects at Surigao.
___________________________________________________________________________
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
The Companys DSO and large scale production objectives are intended to provide
an indication of managements current expectations and are still conceptual in
nature.
It is uncertain that sufficient resources will be established and if
established that these resources will be converted into economically viable
mining reserves.
Until a feasibility study has been completed, there is no
certainty that these objectives will be met.
Potential quantity and grade of
the Exploration Target is also conceptual in nature; it is uncertain if further
exploration will result in the Exploration Target being delineated as a mineral
resource and there is no guarantee that resources, if delineated, will be
economic or sufficient to support a commercial mining operation.
Information in this report relating to Exploration Results has been reviewed
and is based on information compiled by Tony Climie, P.Geol.
Mr.
Climie is
Mindoros COO and has sufficient experience which is relevant to the style of
mineralization and type of deposits under consideration and to the activity
which he is undertaking to qualify as a Qualified Person as defined by National
Instrument 43-101 and a Competent Person as defined by the JORC code.
Mr.
Climie consents to the inclusion in the release of the matters based on his
information in the form and context in which it appears.
NI 43-101 is a rule developed by the Canadian Securities Administrators that
governs how Canadian issuers disclose scientific and technical information
about mineral projects and which is broadly equivalent to the JORC Code in
Australia.
All resource information is also expressed in terms of the JORC
Code.
This release may contain forward-looking statements including managements
assessments of future plans and operations, and expectations of future
production.
These statements are based on current expectations that involve a
number of risks and uncertainties which could cause actual results to differ
materially.
These risks include, but are not limited to, risks associated with
the mining and exploration industry (e.g.
operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; uncertainty with
respect to reserve estimates; results of exploration, estimates and projections
relating to production and availability of capital).
Although considered
reasonable at the time of preparation, assumptions used may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking
statements.
The Company does not undertake to update forward looking statements
except where required by law.
References
1.
http://www.mindoro.com/
2.
http://www.brr.com.au/event/72515
3.
mailto:
4.
mailto:
5.
mailto:
6.
http://www.mindoro.com/
This message was sent by: Mindoro Resources Ltd., Suite 104, 17707 - 105 AVE, Edmonton, AB T5S 1T1, Canada
To be removed click here:
http://app.icontact.com/icp/mmail-mprofile.pl?r=28971085&l=10556&s=LWAO&m=112815&c=718550
Forward to a friend:
http://app.icontact.com/icp/core/message/forward?m=112815&s=28971085&c=LWAO&cid=718550