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Mundoro Announces Encouraging Drill Results From Borkso Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 18, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") announces tha
About this update from Mundoro Capital Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 18, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") announces that it has received laboratory results for the four diamond drill holes at the Company's Borsko Jezero license (\"Borsko\") for 3990 meters, Figure 1: Plan Map of Drillhole Locations. HIGHLIGHTS Drill holes 17-BJ-11 and 17-BJ-12 confirmed the extension of the advanced argillic alteration 250 m to the northeast and 100 m to the northwest, respectively, with two new epithermal gold-silver intersections: 1.04 g/t Au and 6.9 g/t Ag over 15 m in 17-BJ-11 (1.15 g/t AuEq) Including 2.1 g/t Au and 13.7 g/t Ag over 4 m (2.32 g/t AuEq) 0.77 g/t Au and 1.9 g/t Ag over 31.2 m in 17-BJ-12 (0.85 g/t AuEq) Including 1.8 g/t Au and 4.7 g/t Ag over 8 m (1.97 g/t AuEq) Both drill holes also demonstrated the epithermal alteration remains open in three directions: (i) along strike to the northwest; (ii) down plunge to the northwest beyond the vertical depth of 1120 m as shown in Section B-B', and (iii) to the northeast as shown in Section A-A' Vectoring Towards High-Sulphidation Copper-Gold Ore Bodies The opportunity for discovery appears to improve to the northwest and northeast along strike of the main fault zone as identified in drill core and supported by a magnetic-low anomaly. Furthermore, it appears east-west striking faults could also be displacing blocs of the alteration, which are also well documented in nearby Bor deposit (See Figure 1). The creation and subsequent shifting of blocks of alteration suggests targeting should remain tightly spaced rather than large step-out drilling which was attempted with two of the drill holes towards the south and the west. Compilation of drill hole geology shows that hydrothermal alteration towards the south and west has been either offset or cut-off at a distance of approximately 400 m. This is defined by drill hole 17-BJ-09 and 17-BJ-10 remaining in the cover volcanic units and the appearance of native copper which is generally considered as distal to an epithermal system. The 2017 drilling program discovered the alteration system and provides vectoring towards the northwest and northeast. The Company is now evaluating structural analysis, data from the recently completed borehole electromagnetic survey and additional geophysical techni...