- Mundoro Capital (MUN) has begun a drill program at the Mundoro-Vale optioned projects located in the south central Timok Magmatic Complex in Serbia
- The drill program is planned for 4,000 metres to test three target areas with five drill holes
- These three areas have been selected out of several target areas ranked as prospective for porphyry copper-molybdenum-gold deposits within the Vale-Mundoro Option Projects
- Mundoro Capital Inc. (MUN) opened trading at $0.17 per share
Mundoro Capital (MUN) has begun a drill program at the Mundoro-Vale optioned projects located in the south central Timok Magmatic Complex in Serbia.
The drill program is planned for 4,000 metres to test three target areas with five drill holes.
These three areas have been selected out of several target areas ranked as prospective for porphyry copper-molybdenum-gold deposits within the Vale-Mundoro option projects.
The targets are within zoned hydrothermal alteration, which can be traced at surface for 10 km along strike and contains gold epithermal and copper-gold porphyry style mineralization.
The drilling program is a follow-up campaign utilizing the vectors to a potential porphyry system identified from interpretation of previous drill results and geophysical surveys for two targets, while a strong and near surface IP anomaly will be tested for the first time at another target.
Timok is a prolific metallogenic domain in the Tethyan Belt and is host to a high sulphidation epithermal copper-gold and porphyry copper deposit.
Mundoro is a mining royalty generator with a portfolio of gold and copper projects in Serbia, Bulgaria, and the U.S.
Mundoro Capital Inc. (MUN) opened trading at $0.17 per share.