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Mundoro Commences Drill Program on Vale Project in Timok Serbia
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Mundoro Capital Inc. (TSXV:...
About this update from Mundoro Capital Inc.
[{"type":"text","content":"Mundoro Commences Drill Program on Vale Project in Timok SerbiaVancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF) | www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce mobilization of drill rigs for drilling at the Skorusa license (\"Skorusa\"). Skorusa is one of the licenses being sole funded by Vale Canada (\"Vale\") as part of the Earn-in Agreement announced October 2019. Skorusa is located in the southern portion of the Timok Magmatic Complex (\"Timok\") directly southwest of Bor mining camp. Timok is one of the most prolific metallogenic domains in the western portion of the Tethyan Belt. Timok hosts the Cukaru-Peki deposit, the Bor copper porphyry underground mine, the Veliki Krivelj and Majdanpek copper-gold porphyry open-pit mines (see Figure 1). HighlightsThe Skorusa copper-gold porphyry is one of the five areas recently ranked as prospective for porphyry copper-molybdenum-gold deposits within the Vale-Mundoro Projects (see Mundoro press release December 7, 2020).A zoned hydrothermal alteration, covering an area of 2 km by 3 km contains copper-gold porphyry style mineralization and part of a broad (2.5 x 5 km) magnetic-low anomaly with internal magnetic high and/or chargeability zones that will be drill tested.Target AreaThe Skorusa porphyry system (see Figure 2) is part of a broad magnetic-low anomaly with a footprint of 2.5 km by 5 km with internal magnetic high zones containing several additional interpreted drill targets that remain to be tested. Re-interpretation of a historical Induced Polarization (IP) survey indicate that the alteration area at Skorusa is relatively resistive, with the high-resistivity zones flanking an elevated chargeability zone. Elevated chargeability also coincides with magnetic low zones. The priority for the current Phase 1 drill program is to test geophysical targets at the outer north-eastern portion of the porphyry system that have not been previously tested (see Figure 2). The three target areas will be drill tested to approximately 600 m depth. The program is expected to be completed by the end of February with assay results expected by the end of March.Exploration OverviewThe Skorusa porphyry system comprises of extensive phyllic alteration (2 km by 3 km) surrounding two localized areas with potassic/...