Business
Mundoro Capital Completes Drill Program at Borsko Jezero License in Serbia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 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 - Nov. 30, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce that the previously announced 3000 meter drill program at the Company's Borsko Jezero license (\"Borsko\") has been completed with 3990 meters over four drill holes, Figure 1: Plan Map of Drillhole Locations. The core from the four drill holes has been cut and sampled with all assay results expected by mid-December 2017. Borsko is one of the four licenses being sole funded by JOGMEC as part of the JOGMEC-Mundoro option agreement announced in August 2016. Borsko is located directly west of the Serbian state-operated producing mines, RTB Group's Borska Reka copper-gold porphyry mine and the Veliki Krivelj copper-gold porphyry mine, all located in the central portion of the Timok Magmatic Complex (\"Timok\"). HIGHLIGHTS Phase II drilling program was designed to further test for epithermal high-sulphidation copper-gold mineralisation stepping out from the alteration intersected in drill hole BJ-06 and BJ-07. 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. Both drill holes also demonstrated the advanced argillic and argillic zone remains open down plunge to the northwest beyond the vertical depth of 1120 m. Teo Dechev, CEO & President of Mundoro commented, \"As a result of the drilling at Target 1 in Borsko in 2017, our exploration team has successfully found the right hydrothermal alteration environment that has the potential to host a copper-gold high-sulphidation epithermal system. The drilling has now extended the alteration zone and with downhole geophysical work to be completed by the end of this year, we will have geochemical and geophysical data as vectors to sulphide mineralization. The alteration and mineralization we have intercepted in the drill core thus far at Borsko provide support for the project's potential to host a copper-gold epithermal and porphyry system.\" Dechev added, \"Mundoro is also currently drilling at Zeleznik, another JOGMEC-Mundoro joint venture project, for a 4500 meter drill program over the West Zone and East Zone to further delineate the mineralization previously intersected in these two zones. Drilling is expecte...