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Mundoro Capital Inc.
Summary
| Project: | Timok North | |
|---|---|---|
| Deposit: | Tilva Rosh | |
| Location: | Serbia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-7-2017: Mundoro Capital Inc. announces an Exploration/Drilling Update report for its Tilva Rosh deposit at the Timok North project. Drilling results incl. 6.0m @ 1.29g/t Au, 11g/t Ag, 0.8% Cu from 35.0m. uly 19, 2017, Vancouver, BC - Mundoro Capital In | |
| Resources: | x | |
| CP/QP: | [Overall Report]: G. Magaranov (Not stated) | |
| ABSTRACT: | uly 19, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce drilling results from the Tilva Rosh prospect within the 100% controlled Savinac exploration license in north-eastern Serbia. The Savinac license covers 90 km² and is located in the Timok Magmatic Belt, approximately 20 km southeast of the Bor mining camp. Teo Dechev, CEO and President of Mundoro commented, “This Phase II drilling program at Tilva Rosh was designed to test mineralization along 400 m of strike to an average depth of 100 m as follow-up to the discovery trench, which contained a 12 m interval of 30 g/t gold and 171 g/t silver, and to the initial drill testing of this area. Results from drilling, trenching, geochemical soil sampling and alteration mapping have successfully demonstrated a gold system associated with three identified structures. Exploration has also identified a large intact lithocap extending approximately 650 m to the north of the current drilling for follow-up exploration. As a result mineralization remains open to the north, south and at depth.” The Phase I drill program, comprising six inclined RC drill holes totalling 917.8 m, was drilled at the southern portion of Tilva Rosh system to test the vertical extent of gold mineralization discovered through previously reported trenching which returned 12m of 30.39 g/t gold and 171.27 g/t silver (see press release dated October 21, 2013). Highlights from Phase I drilling are shown in Table 2. | |
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