Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) reported an Exploration Target on its northern Surigao Projects of from 50 to 70 million dry metric tonnes (DMT) in a grade range of 0.9 percent to 1.2 percent nickel and 28 to 32 percent iron.

The press release is quoted as saying:

Mindoro's Surigao projects are located in an important nickel producing district. The Agata North project contains major strategic nickel laterite resources with strong competitive advantages, including excellent infrastructure, close proximity to the ocean and markets, abundant limestone on site and potential for the establishment of a world class nickel and cobalt processing operation.

Click here to access the entire press release ^[1]

Click here to access Mindoro Resources Corporate Site ^[2]