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Mundoro Announces Drill Results From Skorusa Gold and Copper Porphyry in Serbia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to
About this update from Mundoro Capital Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to report assay results from drilling on the Skorusa target which is in the Company's 100% owned Sumrakovac exploration license located in the southern half of the Timok Complex in northeast Serbia (Figure 1). HIGHLIGHTS The Skorusa drill program included three diamond drill holes totalling 1000 m which encountered a multiphase porphyry system in dominant high-temperature potassic alteration and associated stockwork mineralisation at surface. These drill holes encountered significant gold-copper mineralisation at depth including: 63.4 m @ 0.46 g/t AuEq (0.3g/t Au and 0.11% Cu) from 71.6 m at SUMDD-001; Including: 26.0 m @ 0.68 g/t AuEq (0.47g/t Au and 0.14% Cu) from 73 m 60.0 m @ 0.51 g/t AuEq (0.3g/t Au and 0.14% Cu) from 54 m at SUMDD-002; Including: 28.3m @ 0.61 g/t AuEq (0.33g/t Au and 0.19% Cu) from 85.7 m 72.0 m @ 0.32 g/t AuEq (0.17g/t Au and 0.1% Cu) from surface to 72 m at SUMDD-003. Teo Dechev, CEO and President of Mundoro commented, \"We are encouraged with this first pass drill program at Skorusa West. It has encountered significant near surface intervals of gold mineralisation and gives our geological team valuable information to refine the understanding of this porphyry system. The mineralisation appears open to the west and our recent data compilation and interpretation has identified several additional drill targets over the Skorusa system as well as a newly identified parallel alteration trend 3 km east of Skorusa and 7 km west of Nevsun's Cukaru Peki deposit.\" Skorusa Drilling Results The Q4-2016 drill program at Skorusa comprised three diamond drill holes totalling 1000 m. The Skorusa target was identified through systematic work completed by Mundoro which resulted in the location of a zone with potassic alteration and associated stockwork mineralisation at surface, extending NE-SW for about 200 m along strike. Continuous rock-chip sampling on surface along the central mineralised zone returned 23m @ 0.72g/t Au and 0.17% Cu. The historical drilling on this portion of the system was not systematically sampled. This initial drilling program aimed to clarify the previously limited understanding of the controls and depth continuation of the stockwork min...