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Mundoro Capital Inc.
Summary
| Project: | Byalo | |
|---|---|---|
| Deposit: | Chuka | |
| Location: | Bulgaria | |
| Commodities: | Copper-Gold | |
| Date: | 1/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2017: Mundoro Capital Inc. announces an Exploration/Drilling Update report for its Chuka deposit at the Byalo project. Drilling results incl. 146.5m @ 0.40% Cu, 0.12g/t Au from 66.8m. January 9, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: G. Magaranov (Not stated) | |
| ABSTRACT: | January 9, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report assay results from drilling on the Company's 100% owned Byalo exploration license which is located in southeastern Bulgaria in the Rhodopean region of the Tethyan metallogenic belt (Figure 1: Location Map – Byalo and Zvezda Projects). Teo Dechev, CEO and President of Mundoro commented, "The Chuka porphyry system is a new discovery by the Mundoro team in this proven mineral belt. This initial 1000 meter drill program tested the stockwork porphyry mapped at surface and has identified two porphyry phases demonstrating a multiphase system. We are encouraged by the broad interval of mineralization intersected in drill hole CDD001 which intersected 146.5 m of 0.48% Cu equivalent down to 213 m which is well within typical depths for open pit operations. Further drilling will be necessary to determine the extent of the stockwork mineralisation which is open in several directions.” The maiden Q4-2016 drill program at Chuka comprised of three diamond drill holes totaling 1000 m. This initial drilling program was designed to test the stockwork mineralisation grade at depth, and determine if there is a transition from sericitic to potassic alteration and correspondingly higher copper and gold grades | |
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