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Mundoro Capital Inc.
Summary
| Project: | Timok North | |
|---|---|---|
| Deposit: | Borsko Jerezo | |
| Location: | Serbia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 12/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2017: Mundoro Capital Inc. announces an Exploration/Drilling Update report for its Borsko Jerezo deposit at the Timok North project. Drilling results incl. 31.2m @ 0.77g/t Au, 1.9g/t Ag, 0.04% Cu from 532.8m. December 18, 2017, Vancouver, BC - Mundo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: G. Magaranov (Not stated) | |
| ABSTRACT: | December 18, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") announces that it has received laboratory results for the four diamond drill holes at the Company’s Borsko Jezero license (“Borsko”) for 3990 meters, Figure 1: Plan Map of Drillhole Locations. The opportunity for discovery appears to improve to the northwest and northeast along strike of the main fault zone as identified in drill core and supported by a magnetic-low anomaly. Furthermore, it appears east-west striking faults could also be displacing blocs of the alteration, which are also well documented in nearby Bor deposit (See Figure 1). The creation and subsequent shifting of blocks of alteration suggests targeting should remain tightly spaced rather than large step-out drilling which was attempted with two of the drill holes towards the south and the west. Compilation of drill hole geology shows that hydrothermal alteration towards the south and west has been either offset or cut-off at a distance of approximately 400 m. This is defined by drill hole 17-BJ-09 and 17-BJ-10 remaining in the cover volcanic units and the appearance of native copper which is generally considered as distal to an epithermal system. The 2017 drilling program discovered the alteration system and provides vectoring towards the northwest and northeast. The Company is now evaluating structural analysis, data from the recently completed borehole electromagnetic survey and additional geophysical techniques to assist in defining the next drill program to vector towards mineralization around Target 1 and test further Targets in the Borsko license. | |
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