EXPLORATION 1997 — Mindoro outlines gold anomalies in Indonesia

Edmonton, Alta.-based Mindoro Resources (MIO-A) has received some encouraging results from soil geochemistry surveys on its gold targets in Kalimantan, Indonesia.

At Gunung Kelayu, one of three contracts of work within the 800-by-2,000-metre Darit project, gold values ranged from 31 to 1,740 parts per billion (ppb). This anomaly, along with a weaker one to the north, lies on the periphery of a strong magnetic high that is thought to represent a dioritic, Sintang intrusive within andesitic volcanics, volcanic breccias and sediments.

Along with follow-up work at Gunung Kelayu, Mindoro plans to carry out trenching on low-order gold anomalies (fewer than 100 ppb gold) identified on Penampi and Ketungkung, the two other application areas within the Darit project.

At the Tabar application area in central Kalimantan, Mindoro and partner Falcon Ventures International (FNV-V) have completed an airborne geophysical program, as well as some regional stream sediment-sampling. Preliminary interpretation suggests Sintang intrusives (magnetic highs) are coincident with linear, northwesterly trending fault zones (magnetic lows), a typical feature associated with gold mineralization in Kalimantan.

In Myanmar, Mindoro is preparing to launch an airborne electromagnetic survey over the 140,000-ha No. 11 concession. The results are expected to prove up the 15 poorly exposed, massive sulphide prospects on the concession, as well as identify new targets.