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Mindoro Resources Ltd.

04:28 PM EST - Mindoro Resources Ltd. : announced that drilling has commenced on its Pan de Azucar Project, Iloilo Province, Philippines. An initial program of approximately 1,000 meters will further evaluate the Valderama massive sulphide body where promising gold, copper, silver and zinc values were intersected by Mindoro in two scout-drill programs. Mindoro Resources Ltd. shares V.MIO are trading up $0.025 at $0.27.