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Mundoro And JOGMEC Announce New Copper Project from the Generative Alliance
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Mundoro Capital Inc. (TSX...
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[{"type":"text","content":"Mundoro And JOGMEC Announce New Copper Project from the Generative AllianceVancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) (\"Mundoro\" or the \"Company\") and Japan Oil, Gas and Metals National Corporation. (\"JOGMEC\"), are pleased to announce the commencement of an exploration program on the recently approved JOGMEC-Mundoro Copper Project located in western Bulgaria.HighlightsThe JOGMEC-Mundoro Copper Project is considered highly prospective for sediment-hosted stratiform type deposits similar to that of the Kupferschiefer in Germany and Poland and the Central African Copperbelt in Zambia and DRC.JOGMEC-Mundoro Copper Project has several historical mines and 60 copper-lead-zinc mineral occurrences.From 1953 to 1992 the total mining production from the historical mines in the license area is reported as 3,263,200 tons of ore with contained 20,611 tons of copper and 990 tons of lead and zinc. Historical data collection, digitization and interpretation has been completed, the work program has been approved by the local government and exploration work is expected to commence in Q3-2022.Teo Dechev, CEO and President commented: \"We are pleased to have the opportunity to expand our partnership with JOGMEC to advance the JOGMEC-Mundoro Copper Project. JOGMEC has a strong reputation as a long term, strategic investor in mineral projects globally. This Agreement represents Mundoro's second project-level partnership with JOGMEC, which demonstrates the continued interest in the mineral prospectively of the western Tethyan belt and Mundoro's ability to generate, partner and advance mineral projects.\"Follow our weekly updates on: LinkedIn and Twitter: @MundoroProject SummaryProject Location and BackgroundThe EE1 license (\"JOGMEC-Mundoro Copper Project\") is an area totaling 166 sqkm located within the West Balkan zone of northwestern Bulgaria. The JOGMEC-Mundoro Copper Project is located in the historical Iskar mining region in northwestern Bulgaria. The structural setting of the region is characterized by reverse-and-thrust fault tectonics, dominated by the overriding of the rock sequences of the West Balkan tectonic zone by the Palaeozoic basement of Srednogorie tectonic zone. More than 60 copper-lead-zinc mineral occurrences and several histori...