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Mundoro Capital Inc.
Summary
| Project: | Southern Timok Properties | |
|---|---|---|
| Deposit: | Sumrakovac - Skorusa | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 1/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2017: Mundoro Capital Inc. announces an Exploration/Drilling Update report for its Sumrakovac - Skorusa deposit at the Southern Timok Properties project. Drilling results incl. 60m @ 0.3g/t Au, 0.14% Cu from 54.0m. Mundoro Capital Inc. (TSXV: MUN, ww | |
| Resources: | x | |
| CP/QP: | [Overall Report]: G. Magaranov (Internal) | |
| ABSTRACT: | Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report assay results from drilling on the Skorusa target which is in the Company’s 100% owned Sumrakovac exploraon license located in the southern half of the Timok Complex in northeast Serbia. - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report assay results from drilling on the Skorusa target which is in the Company’s 100% owned Sumrakovac exploraon license located in the southern half of the Timok Complex in northeast Serbia. Teo Dechev, CEO and President of Mundoro commented, "We are encouraged with this first pass drill program at Skorusa West. It has encountered significant near surface intervals of gold mineralisaon and gives our geological team valuable informaon to refine the understanding of this porphyry system. The mineralisaon appears open to the west and our recent data compilaon and interpretaon has idenfied several addional drill targets over the Skorusa system as well as a newly idenfied parallel alteraon trend 3 km east of Skorusa and 7 km west of Nevsun’s Cukaru Peki deposit.” The Q4‐2016 drill program at Skorusa comprised three diamond drill holes totalling 1000 m. The Skorusa target was idenfied through systemac work completed by Mundoro which resulted in the locaon of a zone with potassic alteraon and associated stockwork mineralisaon at surface, extending NE‐SW for about 200 m along strike. Connuous rock‐chip sampling on surface along the central mineralised zone returned 23m @ 0.72g/t Au and 0.17% Cu. The historical drilling on this poron of the system was not systemacally sampled. This inial drilling program aimed to clarify the previously limited understanding of the controls and depth connuaon of the stockwork mineralisaon and associated gold‐copper grades. | |
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