Mundoro Commences First Drilling on Zeleznik Property in Serbia

About this update from Mundoro Capital Inc.

[{"type":"text","content":"\n\n\nVANCOUVER, Nov. 20, 2014 /CNW/ - Mundoro Capital Inc. (TSXV:MUN www.mundoro.com) (\"Mundoro or the \"Company\") is pleased to announce that drilling has\n commenced on its 100% owned Zeleznik copper-gold exploration license. \n The Zeleznik license, located at the northern portion of the Timok\n Magmatic Complex, covers 60 km² and is located adjacent along the\n northern license border with the Majdanpek open pit copper mine in\n northeastern Serbia.\n\n\nMundoro's new drill program at Zeleznik will be for approximately 1,000\n meters over five holes, three on the West Zone of the property and two\n on the East Zone (see attached Figure 1: Zeleznik East Drill Hole Location Map and Figure 2: Zeleznik West Drill Hole Location Map). The five drill holes will follow up on the mapping, trench sampling,\n geophysics and soil geochemical work completed throughout the year (see\n May 1, 2014 and January 13, 2014 press releases) and is intended to\n test continuation of the encouraging results obtained at surface and\n extract additional information about the geological and structural\n setting at depth.\n\n\nTeo Dechev, CEO and President of Mundoro commented, \"The West and East\n Zones at the Zeleznik property are located just 1.8 km to the north of\n where current mining is taking place at the Majdanpek mine, which is a\n lateral laying porphyry deposit.  The exploration results to date from\n our soil geochemical sampling, ground magnetics and trench sampling\n have outlined two areas with Cu-Au-Mo anomalies that also correlate to\n the ground mag anomalies at depth.  The West Zone we believe is a\n porphyry system as trenching has identified outcrops of andesite dikes,\n quartz and diorite porphyry dikes while on the East Zone we believe\n that exo and endo skarn mineralization encountered at the limestone\n contact with the altered diorite intrusion might be related to a\n porphyry at depth.  Skarn systems are typically peripheral to a\n porphyry system.  We look forward to updating the market with the\n results of our drill program once the core data has been logged,\n assayed and interpreted.\"\n\n\nSampling and Analysis\nAll trench intercepts were obtained from continuous channel sampling at\n 2 m intervals. All samples are assayed using 50 gram fire assay with\n atomic absorption finish by AL...

More updates from Mundoro Capital Inc.