Business
Mundoro Capital Announces Drill Results From Borsko License, Serbia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 7, 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 - June 7, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce the results from drilling at the Borsko Jezero license (\"Borsko\"). Borsko is one of the four licenses part of the JOGMEC-Mundoro option to earn-in agreement announced in August 2016. Borsko is located directly west of the Serbian state-operated producing mines, RTB Group's Bor copper porphyry mine and the Veliki Krivelj copper-gold porphyry mine, all located in the central portion of the Timok Magmatic Complex (\"Timok\"). Figure 1 - Location Map of Borsko Drill Targets Teo Dechev, CEO & President of Mundoro commented, \"We are strongly encouraged by the alteration and mineralization we have intercepted in the drill core thus far at the Borsko license and that the results to date from the initial drill holes provide support for the project's potential to host a copper-gold epithermal and porphyry system. We are planning, along with our partner JOGMEC, for further drilling at Borsko in the second half of 2017.\" Borsko Drill Program Overview The Borsko drill program tested the first two of six targets generated by the 2016 field program (Figure 1 - Location of Borsko Drill Targets). For the 2016 field program, Mundoro carried out a soil sampling program over the central portion of the license to follow up on high copper-gold stream sediment anomalies which could not be explained by previous prospecting and rock sampling. The soil sampling results returned significant copper-gold anomalies which remain open to the north and south. Follow-up field work revealed association of some of the soil anomalies with altered dike contacts, discrete quartz stockwork veinlets and fine grained sulphides related to fault-fracture zones. Mundoro conducted ground magnetic and CSAMT surveys, structural analysis and limited trenching over certain soil anomalies. Geology Interpretation of Borsko License Area The Borsko license is located in the Timok Magmatic Complex which is one of the most prolific metallogenic domains in the Tethyan Belt. The geologic units in this licence area consist of Upper Cretaceous volcano-sedimentary successions, predominantly andesite and pyroclastics. Generally considered the most prospective geological units, the Phase 1 hornblende porphyry and...