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Mundoro Capital Inc.
Summary
| Project: | Timok North | |
|---|---|---|
| Deposit: | Zeleznik, Dubravna | |
| Location: | Serbia | |
| Commodities: | Copper-Gold-Silver-Lead-Zinc | |
| Date: | 11/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-11-2016: Mundoro Capital Inc. announces an Exploration/Drilling Update report for its Zeleznik, Dubravna deposit at the Timok North project. Drilling results incl. 193m @ 0.18% Cu, 0.036g/t Au from 0m at Zeleznik. VANCOUVER, BRITISH COLUMBIA--(Marketwir | |
| Resources: | x | |
| CP/QP: | [Overall Report]: G. Magaranov (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2016) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to report assay results from drilling on the Company's 100% owned exploration licenses, Dubrava and Zeleznik which are located at the central and northern end of the Timok Magmatic Complex ("TMC") in northeastern Serbia (see Figure 1: Location Map - Timok North Projects). The two exploration licences are under the Option Agreement between Mundoro and Japan Oil, Gas and Metals National Corporation. ("JOGMEC") announced March 7, 2016 and as a result this drilling program was fully funded by JOGMEC. Further to Mundoro's press release of July 5th, 2016, the drilling program completed a total of 3000 meters over eight drill holes. Three holes were drilled at each of the East Zone and West Zone respectively in the Zeleznik license and two holes were drilled at the Dubrava license. Teo Dechev, CEO and President of Mundoro commented, "We believe the drill results continue to demonstrate the potential for both mineralized copper-gold porphyries as well as massive-sulphide style mineralization at the West Zone and East Zone respectively. Multiple intercepts assayed over 0.30% Cu over tens of metres demonstrating the potential for a mineralized system. Mundoro's technical team is incorporating the new data into our model of the systems and looking forward to developing the follow up drilling program for the spring of 2017." | |
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