Business
Mundoro Capital and JOGMEC Mobilize for Zeleznik Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 2, 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 - Nov. 2, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce the Company is mobilizing for drilling at the East and West Zone on the Zeleznik license (\"Zeleznik\"). Zeleznik is one of the four licenses currently being sole funded by our joint venture partner Japan Oil, Gas and Metals National Corporation (\"JOGMEC\") as part of the JOGMEC-Mundoro joint venture announced in March 2016. Zeleznik is located at the northern end of the Timok Magmatic Complex in northeastern Serbia as shown in Figure 1: Location Map of Timok North Projects; the license is north of the Serbian state-owned Majdanpek copper-gold mine. Teo Dechev, CEO and President of Mundoro commented, \"Following up on the Q4-2016 Phase II drilling program at Zeleznik, Mundoro and our partner JOGMEC are pleased to be mobilising for the Phase III fence drilling program with both delineation and step-out drilling at the West Zone and East Zone. The exploration program at Zeleznik has been advancing over the last three years to now reach Phase III drilling which will be used to determine initial volume and grade for the mineralized zones in this area of the license. Mundoro is also completing drilling at the JOGMEC-Mundoro joint venture project, Borsko, with 3,000 meters over four drill holes to further test the high sulphidation epithermal target identified earlier this year. Drill results are anticipated for mid-December 2017.\" ZELEZNIK EAST ZONE AND WEST ZONE TARGET AREAS The 2017 Phase III drill program is budgeted for 4120 meters of drilling in 16 holes as shown in Figure 2: Zeleznik Drill Plan Map to test the East Zone with seven holes and the West Zone with nine holes. The West Zone proposed drill holes are collared on three parallel sections at approximately 100 m between fences and 100 m between holes on each fence. The East Zone proposed drill holes are designed as fences to holes ZELDD06, ZELDD05 and ZELDD04 and proposed to further test the carbonate-replacement potential of the East Zone porphyry-marble contacts. This Phase III drill program for the East Zone and West Zone is designed to follow up on the previous two drilling campaigns which successfully intersected copper-gold mineralisation at both zones and expanded the extents of the mineralised...