Business
Mundoro Identifies New Porphyry and Epithermal Targets at Bulgaria Projects
VANCOUVER , Sept. 16, 2014 /CNW/ - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com ...
About this update from Mundoro Capital Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, Sept. 16, 2014 /CNW/ - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to provide an update on its\n exploration activities at its 100% owned Bulgarian properties - Zvezda,\n Byalo and Chuprene. Recent exploration results have delineated a new\n porphyry copper-gold target at the Ramadanska Chuka (\"RC\") project area within the southwest corner of the Byalo exploration\n license, a new epithermal gold target at the Angel Voyvoda (\"AV\") project area within the Zvezda exploration license and confirmed\n anomalous copper-gold grades in quartz veins at the Chuprene\n exploration license.\n\n\nTeo Dechev, CEO and President of Mundoro commented, \"The exploration\n work completed to date by our exploration team to identify these new\n targets on our three licenses underscores the effectiveness of our\n exploration programs and ability to generate new discovery\n opportunities to our shareholders. At RC, the delineation of a new\n porphyry copper-gold-molybdenum system is being followed up by an\n Induced Polarization/Resistivity survey in September to refine the\n drill targets.  At AV, rock sampling of the breccia returned grades\n from 1.1 g/t gold to 3.33 g/t gold.  A ground magnetic survey is\n currently underway to delineate the structures.\"\n\n\nByalo \n\n\nThe Company started a systematic exploration program comprising stream\n sediment sampling, rock grab sampling, mapping, soil geochemistry and\n ground geophysics.  The infill soil sampling program at the RC project\n area has delineated a new porphyry copper-gold-molybdenum system\n approximately 650m x 600m in size which is related to a larger advanced\n argillic alteration lithocap.\n\n\nRock sampling results returned anomalous copper-gold-molybdenum up to\n 0.39% copper, 0.55 g/t gold and 587 ppm molybdenum related to quartz\n stockwork veining and hydrothermal breccia. Soil geochemical sampling\n results identified a well-defined molybdenum anomaly that haloes a\n copper-gold central core anomaly and is rimmed by Bi, Te, Pb and Zn.\n The Company carried out the ground magnetic survey in Q2 2014 over the\n RC hydrothermal system approximately 5km² in size (2.3 x2.2 km). The\n survey identified several anomalies including a well-defined magnetic\n bull's-eye anomaly that overlaps with th...