RE:RE:RE:RE:CGG/Qiangtang Basin contains upwards of 70 billionbarrel oIL
Officials of the Venezuelan Government and Chinese company China ... (CITIC) signed an agreement to develop the Las Cristinas gold mine, merger and ("Mundoro" or the "Company") is pleased to announce drilling results from its Tilva Rosh prospect within the Savinac exploration license in northeastern Serbia. The Savinac license covers 90 km² and is located within the Timok Magmatic Belt, approximately 20 km southeast of the Bor mining camp.
Teo Dechev, CEO and President of Mundoro commented, “This initial drilling program at Tilva Rosh was designed to test step-out extensions of the mineralization down dip and along strike. The initial drilling results have successfully demonstrated continuation of surface mineralisation at depth, along strike and are encouraging as management believes the results are vectoring towards a deeper mineralisation source. The mineralization is open to the north, south and at depth. ”
Six inclined diamond drill holes totaling 917.8 m were drilled at the southern portion of Tilva Rosh system to test the vertical extent of the gold mineralization, which was previously confirmed by high grade trenching results of 12 m @ 33.03 g/t AuEq (30.39 g/t Au, 171.27 g/t Ag) President of Mundoro commented, “The exploration work completed to date by our exploration team to identify these new targets on our three licenses underscores the effectiveness of our exploration programs and ability to generate new discovery opportunities to our shareholders. At RC, the delineation of a new porphyry copper-gold-molybdenum system is being followed up by an Induced Polarization/Resistivity survey in September to refine the drill targets. At AV, rock sampling of the breccia returned grades from 1.1 g/t gold to 3.33 g/t gold. A ground magnetic survey is currently underway to delineate the structures.”
Byalo
The Company started a systematic exploration program comprising stream sediment sampling, rock grab sampling, mapping, soil geochemistry and ground geophysics. The infill soil sampling program at the RC project area has delineated a new porphyry copper-gold-molybdenum system approximately 650m x 600m in size which is related to a larger advanced argillic alteration lithocap.
Rock sampling results returned anomalous copper-gold-molybdenum up to 0.39% copper, 0.55 g/t gold and 587 ppm molybdenum related to quartz stockwork veining and hydrothermal breccia. Soil geochemical sampling results identified a well-defined molybdenum anomaly that haloes a copper-gold central core anomaly and is rimmed by Bi, Te, Pb and Zn. The Company carried out the ground magnetic survey in Q2 2014