Business
Mundoro Announces Drill Campaign at Lead-Zinc Target in Bulgaria
VANCOUVER, British Columbia, June 28, 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, June 28, 2018 (GLOBE NEWSWIRE) -- Mundoro Capital Inc. (TSXV:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce mobilization for drilling at the Saje Lead-Zinc Project on the Company's Zvezda license (“Zvezda”). Zvezda is one of two contiguous exploration licenses located in south-eastern Bulgaria in the Rhodopean Region which is part of the Tethyan metallogenic belt. The Saje Lead-Zinc Project is optioned to an arm’s length third party private company (“Private Company”) under an option agreement announced by Mundoro in May 2018. HIGHLIGHTS The drill program at Zvezda will focus on the Saje Lead-Zinc historical mine which was partly exploited through underground workings in the 1980’s and closed in the early 1990’s. The drill program of 1,000 metres in 3 drill holes aims to test:- (i) the underground lead-zinc mineralisation at the central portion of the Saje Lead-Zinc historical mine,- (ii) confirm the lead-zinc grade and the by-product grades for copper and silver in the historically defined mineralised zones, and- (iii) attain knowledge of the style of mineralization and controls of this hydrothermal system. All exploration expenses related to this drill program are being sole-funded by the Private Company. Overview of Saje Lead Zinc Project The Saje Lead-Zinc deposit is located within Mundoro’s 100% owned Zvezda exploration license area. The Saje deposit is a brownfield area that was initially explored in the 1960’s and partly exploited by a government run company from 1984 to 1992 for lead and zinc with by-products of copper and silver. The deposit is hosted in Eocene-Oligocene andesite intruded by monzonite pluton. Several structurally controlled alteration zones with west-northwest elongation have been reported some of which are the main mineralised zones. The width of the zones vary from 1 to 17.8 m and are discontinuously followed for up to 2 km. The mineralisation is represented by galena, sphalerite and chalcopyrite. The mineralisation is hosted within the alteration zones and is of vein, vein-disseminated and breccia type. The historical mine reserves have been estimated along three mineralised zones which were explored in detail. The remaining alteration zones have not been fully explored. Historical reserves were estimated in old Soviet style re...