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Mundoro Identifies Copper Porphyry Target for Drill Testing in Arizona in Option to Vale
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Mundoro Capital Inc. (TSXV: M...
About this update from Mundoro Capital Inc.
[{"type":"text","content":"Mundoro Identifies Copper Porphyry Target for Drill Testing in Arizona in Option to ValeVancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) (\"Mundoro\" or the \"Company\") \"), is pleased to report an update on initial exploration at the Dos Cabezas Property in Cochise County, Arizona. Vale is earning into the Dos Cabezas property based on a two year earn-in agreement that was signed in December 2021 (see press release here). Teo Dechev, CEO and President commented: \"We are pleased to announce the initial exploration completed at the Dos Cabezas property, which is a Mundoro generated copper-focused project in the Laramide Belt in Arizona, and under option to Vale as of December 2021. Mundoro is the operator of the exploration program which has consisted of prospecting, geological mapping, geochemical grid sampling, alteration analysis and a geophysical survey. The exploration team is excited to drill test this new target area identified through multiparameter techniques indicating the potential for a porphyry system that has no record of any modern exploration or drill testing.\"Follow our weekly updates on: LinkedIn and Twitter @MundoroRegional Geology and Surrounding MinesThe Dos Cabezas Project lies within the Laramide Porphyry Belt, a prolific region of porphyry copper deposits extending from northern Mexico through the southwestern US. The majority of production in Arizona is related to the Laramide Porphyry Belt which hosts world class deposits such as Morenci, Safford, Miami-Inspiration, Sierrita, Silver Bell, Resolution, and others. Arizona was responsible for 66% US production of copper in 2018.During the Laramide Orogeny (~75-50ma), numerous porphyry copper deposits formed, making this region one of the most prolific producers of copper in the world. Post laramide faulting, volcanism, and sedimentation concealed many of these systems, leaving many deposits to be discovered by today's advanced methods of exploration. Project LocationThe Dos Cabezas Project is located in southeast Arizona, USA approximately 150 km east of Tucson, see Figure 1: Location Map of the Dos Cabezas Project. Dos Cabezas Project area covers 58 sq.km. (5,800 hectares) at the Dos Cabezas Mountain range within the Laramide Porphyry Belt. The Dos Cabezas Project can be ac...