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Mundoro Drilling Results Confirm Further Mineralization at Zeleznik Project in Serbia
VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Mundoro Capital Inc. (TSXV:MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to anno
About this update from Mundoro Capital Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Mundoro Capital Inc. (TSXV:MUN) (www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to announce drilling results from the East and West Zone on the Zeleznik exploration license (“Zeleznik”) in north-eastern Serbia. Zeleznik is one of the four licenses being sole funded under the Agreement between Mundoro and Japan Oil, Gas and Metals National Corporation (\"JOGMEC\") announced March 7, 2016. Zeleznik is located directly north of the Serbian state-owned Majdanpek copper-gold mine and at the north end of the Timok Magmatic Complex (“Timok”) (see Figure 1: Location Map). Teo Dechev, CEO and President of Mundoro commented, \"Results from the drill program in 2017 have further demonstrated the potential for mineralized zones. In particular, the East Zone has demonstrated copper and gold mineralized zones starting from surface which remain open along strike to the south, the east and at depth. Our technical team is incorporating the new drilling data into our model of the systems and looking forward to developing a follow up drilling program for 2018. We have also completed ground magnetics over the entire 6,774 hectares of the project. This magnetic data along with the structural interpretation and regional soil analysis will be used to further define new target areas over the project. ” ZELEZNIK EAST ZONE AND WEST ZONE TARGET AREAS The 2017 Phase III drill program on the Zeleznik East Zone and West Zone target areas comprised of 16 inclined diamond drill holes totaling 4,200 m. Nine drill holes were completed at the West Zone and seven drill holes at the East Zone. The drilling was designed to follow up on the previous two drilling campaigns totalling 3,200 m of drilling that successfully intersected near-surface porphyry type mineralisation at both the East and West Zones. East Zone Drilling Confirms Gold and Copper Mineralization Remains Open Along Strike and Towards East The East Zone drill holes were designed as fences to previously completed holes ZELDD06, ZELDD05 and ZELDD04 and to further test the carbonate-replacement type mineralization at the porphyry-limestone contacts (see Figure 2: East Zone Drill Hole Location Map). Porphyry-marblized-limestone contacts are marked by narrow intervals of massive magnetite and/or semi-massive sulph...