Business
Mundoro initiates drilling at Tilva Rosh prospect in Savinac License, Serbia
VANCOUVER , June 30, 2014 /CNW/ - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com ) ...
About this update from Mundoro Capital Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, June 30, 2014 /CNW/ - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (\"Mundoro\" or the \"Company\") is pleased to provide an update to the\n ongoing exploration program at the Tilva Rosh gold prospect, located on\n the Savinac License in northeastern Serbia.\n\n\nDrilling began on June 28th and will be concentrating on the area of the previously reported\n trenching results, which returned 12m of 30.39 g/t gold and 171.27 g/t\n silver (see press release dated October 21, 2013).  The Tilva Rosh\n prospect was outlined by a gold-in-soil anomaly of 600 m by 150 m which\n was confirmed with follow up trenching in Q4-2013 and Q2-2014.  The\n Company also completed ground magnetics in Q1-2014.  The Company will\n be drill testing depth extension of the outcropping epithermal gold\n mineralization with a total of 1,000 metres.  Results are expected in\n Q3 2014.\n\n\nTeo Dechev, CEO and President of Mundoro commented, \"Initial exploration\n work at the Tilva Rosh prospect yielded very encouraging results as\n they demonstrated the potential for near surface, high grade\n mineralization of a low-sulphidation style system. The current drill\n program is designed to test the southern portion of a series of\n gold-in-soil anomalies spread over 3 km of the broader Tilva Rosh\n hydrothermal system.  We look forward to updating the market with the\n drill results and exploration along the broader system.\"\n\n\nTechnical information contained in this Press Release has been reviewed\n and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined\n by National Instrument 43-101.\n\n\nOn behalf of the Company,\nTeo Dechev, Chief Executive Officer, President and Director\n\n\nAbout Mundoro Capital Inc.\n\n\nMundoro is a well-funded, Canadian based, company focused on mineral\n acquisition, exploration, and development. Our primary focus is\n advancing our properties on the Tethyan Belt in Southeastern Europe. \n Mundoro has methodically acquired a district-scale land position on\n this prolific mineral belt which hosts significant Gold-Copper porphyry\n and related epithermal deposits. Our strong project pipeline, which\n also includes assets in Mexico and China, is positioned to drive\n long-term, sustainable growth in order to attain production and\n shareholder return.\n\n\nCaution ...