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Mundoro Capital Inc V.MUN

Alternate Symbol(s):  MUNMF

Metals & Mining Industrial Metals & Minerals
Mundoro Capital Inc. is a Canada-based company with a portfolio of mineral properties focused primarily on base and precious metals. It is a royalty generator with a portfolio of projects focused on base metal and precious metal properties. It has a portfolio of mineral properties focused on copper and gold systems in Serbia, Bulgaria and the United States of America. Its portfolio of mineral properties is focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest United States of America. The Company holds through its Serbian subsidiaries, the following 100%-owned exploration licenses: Crvena Zemlja, Padina, Odej, Bobot, Odej South, Gramada, Oblez, Skorusa, Branik, Kotlenik (GT7), Ponor, Vitanovac, Trstenik, Lipovica, and Orlovac. These properties are located in Northeastern Serbia, east of Belgrade, and are primarily within the well-known Timok Magmatic Complex, a segment of the Tethyan Metallogenic Belt.


TSXV:MUN - Post by User

Mundoro Capital Inc
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Post by MiningBookGuyon Oct 17, 2016 6:51pm
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Post# 25353397

MUNDORO COMMENCES DRILL PROGRAM ON CHUKA COPPER AND GOLD...

MUNDORO COMMENCES DRILL PROGRAM ON CHUKA COPPER AND GOLD...
MUNDORO COMMENCES DRILL PROGRAM ON CHUKA COPPER AND GOLD PORPHYRY IN BULGARIA
https://mundoro.com/mundoro-commences-drill-program-chuka-copper-and-gold-porphyry-bulgaria


HIGHLIGHTS

  • The Chuka porphyry drill program will include 1000 m
  • Systematic exploration by Mundoro defined the Chuka porphyry copper-gold target with results including:
    • Stockwork mineralisation with banded quartz veins in an area 200 x 250 m in size outcropping at surface
    • A historical drill hole with reported assay interval of 18.8 m @ 0.42% Cu; 0.108 g/t Au from 25.40 m to 44.20 m
    • Mundoro surface rock sampling from stockwork returned values from single samples up to 0.39% Cu, 0.55 g/t Au and 580 ppm Mo with average 0.158 g/t Au, 35 ppm Mo and 267 ppm Cu from a 200 x 250 m outcrop
  • Mundoro holds approximately $5.5 mln in cash as of September 30, 2016 and is debt free
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