Business
Mundoro Commences Drilling at Tilva Rosh Gold Target in Serbia and Provides Drilling Programs Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 18, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN)(www.mundoro.com) ("Mundoro" or the "Company") is pleased to a
About this update from Mundoro Capital Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 18, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN)(www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce the start of the drilling program at the Tilva Rosh gold target on the Company's 100% owned Savinac license (\"Savinac\"). Savinac is one of the four exploration licenses located in the southern portion of the Timok Magmatic Complex in Serbia that are 100% controlled by Mundoro (\"Timok South Projects\" see Figure 1: Savinac License Location Map). Teo Dechev, CEO and President of Mundoro commented, \"The prior drilling results at Tilva Rosh successfully followed the surface trench results of high grade gold-silver mineralisation down dip along the structure. The current program aims at defining the extent of near surface mineralisation along a 400 meters strike length and up to 100 meters depth. To date the mineralisation is open to the north, south and at depth. Mundoro is focused on drill testing select target areas in the Timok South Projects in parallel to furthering the JOGMEC funded Timok North Projects programs. We believe this parallel strategy of testing and advancing assets, through either partnerships or our own treasury, provides continuous opportunities to shareholders for creating value.\" TILVA ROSH GOLD TARGET The current drill program at the Tilva Rosh gold target is designed to follow up on two key gold bearing features: (i) a mineralised gold bearing hydrothermal breccia structure containing significant gold grades and (ii) quartz veins that also host gold mineralisation which have been identified with prior trenching and drilling. The 2017 drill program is budgeted for 1,500 meters of shallow drilling in 14 holes as shown in Figure 2: Tilva Rosh Drill Plan Map to test 400 meters along strike and up to 100 meters down dip extension. Previous Work at Tilva Rosh Mundoro conducted geochemical, mapping, trenching, and ground magnetic surveys over the Savinac license as well as compiling historic data, targeting epithermal and porphyry Cu-Au systems. This work outlined the Savinac mineralised belt (9 km by 2 km) which includes the Tilva Rosh epithermal system expressed on the surface with a large area of advanced argillic alteration covering 4 km by 1 km. Tilva Rosh was explored previously in the late 1970's and early 2000's but significant gold ...