Coronado Resources Ltd. (TSX VENTURE:CRD) reported that the company has signed a Letter of Intent to option mining concessions on the island of Masbate in the Philippines.
The press release is quoted as saying:
Coronado Resources Ltd. is a Canadian based mineral exploration and development company that is focused on its 100% owned Madison Gold/Copper property in Montana, USA. Madison is a former producer that is now producing cash flow from high grade copper and gold shipments which commenced in 2008.
