The Maoling Gold Project is a multi-million ounce feasibility stage gold project for which Mundoro Mining Inc. is planning a large-scale, open-pit mining & conventional milling operation. Mundoro was invited in 1999 by the government to help develop the Maoling gold deposit. A Chinese joint venture company, Liaoning Tianli Mining Company Ltd. ("Tianli"), was formed with a mutual interest to develop Maoling into a national model for large scale, environmentally friendly, and economically sustainable gold mining operations; an interest shared between Mundoro and its partner, the Liaoning Aidi Resources Company Limited ("Aidi"), the corporate arm of the Liaoning Geology and Exploration Bureau. Mundoro's 79% interest in Tianli is represented by five directors and Aidi's 21% interest is represented by three directors. Since entering into this collaboration, the Company has completed:
extensive exploration work with a total of 231 holes (63,338 m) drilled and over 26,000 samples of drill core cut, prepped and assayed;
a pre-feasibility study in June 2005;
an updated resource estimate published in February 2006 which revealed 4.8 million contained gold ounces in the Measured and Indicated category and an additional 4.4 million contained gold ounces in the Inferred category, resulting in a defined gold resource that is triple the original 1990 Chinese estimate
