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Mundoro Announces Completion of Drilling at Zeleznik East and West Zone Targets in Serbia, Assays Pending
VANCOUVER, British Columbia, Jan. 19, 2018 (GLOBE NEWSWIRE) -- Mundoro Capital Inc. (TSXV:MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to anno
About this update from Mundoro Capital Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 19, 2018 (GLOBE NEWSWIRE) -- Mundoro Capital Inc. (TSXV:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce that the drill program at the East and West Zone on the Zeleznik license (“Zeleznik”) has been completed with 4200 meters of diamond drilling over sixteen completed drill holes. The drill core has been cut and sampled with all assay results expected by end-February 2018. Zeleznik is one of the four licenses being sole funded under the Option Agreement between Mundoro and Japan Oil, Gas and Metals National Corporation (\"JOGMEC\") announced March 7, 2016. Zeleznik is located directly north of the Serbian state-owned Majdanpek copper-gold mine and at the northern end of the Timok Magmatic Complex (“Timok”) (Figure 1: Location Map). Teo Dechev, CEO and President of Mundoro commented, \"Mundoro and JOGMEC believe the West Zone and East Zone merit a follow-up program of fence drilling across the two systems. Mundoro’s technical team is incorporating the new data into our model of the systems and looking forward to developing a follow up drilling program for 2018.” ZELEZNIK EAST ZONE AND WEST ZONE TARGET AREAS The 2017 Phase III drill program on the East Zone and West Zone was designed to follow up on the previous two drilling campaigns that successfully intersected copper-gold mineralisation at both zones (see press releases from November 4, 2016 and June 27, 2017). The focus of the Phase III fence drilling program was to define copper-gold bearing porphyry intrusions and dykes, as well as related sulphide mineralisation. East Zone The East Zone drill holes were designed as fences to previous completed holes ZELDD06, ZELDD05 and ZELDD04 and planned in order to further test the carbonate-replacement potential of the East Zone porphyry-marble contacts (Figure 2: East Zone Drill Hole Location Map). Drill hole ZELDD05 intersected 81.2 m @ 0.22% Cu and 0.23g/t Au from 24.5 m, including 2.8 m @ 2.11% Cu; 1.50 g/t Au while drill hole ZELDD06 ended in mineralization of 4.9 m @ 0.82% Cu; 1.00 g/t Au at a depth of 142.3 m. Thicknesses from intersections from drill holes are down-hole drilled thicknesses. The current exploration model has not had sufficient drill testing to be able to determine true thickness of mineralization. Porphyry-marblized-lim...