Business
Mundoro Capital Inc. Doubles Size of Copper and Gold Anomalies at Zeleznik West Zone and East Zone in Serbia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 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 27, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to provide an update on exploration results at the Zeleznik Property (\"Zeleznik\") which is one of the four subject properties currently being sole funded by the Japan Oil, Gas and Metals National Corporation (JOGMEC) as part of the JOGMEC-Mundoro joint venture announced in March 2016 (see press release March 7, 2016). Zeleznik is located at the northern end of the Timok Magmatic Complex in northeastern Serbia; the license is north of the state-owned Majdanpek copper-gold mine (Figure 1: Location Map of Timok North Projects). Teo Dechev, CEO & President of Mundoro commented, \"Following up on the 2016 drilling campaign at Zeleznik, our team has extended the copper-gold-molybdenum-in-soil anomaly an additional 500 meters along strike at the West Zone and East Zone. There are two distinct porphyry zones at the southern portion of the license comprising the drill defined, West Zone which is dominantly a copper-gold-molybdenum porphyry, and East Zone which is a copper-gold porphyry with related skarn mineralisation. Mundoro will be providing news flow in the second half of the year on the Phase III drilling program. Phase III drilling is designed to establish volume and grade for a potential inferred resource through a fence drilling program with both delineation and step-out drilling at the two porphyry systems in the West Zone and East Zone along with target testing the newly extended copper and gold soil anomalies.\" Extension of Copper-Gold-in-Soil Anomaly In Q2-2017, Mundoro completed a soil sampling program over the southern extensions of the West Zone and East Zone targets in order to follow-up the open soil anomalies. Over 500 additional samples were collected at a 100 m x 50 m resolution grid covering an area of approximately 2.2 sq.km (Figure 2: Zeleznik East Zone and West Zone - Copper in Soil Results). The West Zone copper soil anomaly was extended 500 m along strike outlining an area of 1170 m x 600 m grading above 200 ppm copper with a central core area of 770 m x 450 m grading above 500 ppm copper. As a result the size of the initial copper-gold porphyry related soil anomaly approximately doubled. The copper soil anomaly overlaps with a significant gold ...