The Prospector News

Mundoro Commences First Drilling on Zeleznik Property in Serbia

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Mundoro Commences First Drilling on Zeleznik Property in Serbia

 

 

 

 

 

Mundoro Capital Inc. (TSX-V:MUN) is pleased to announce that drilling has commenced on its 100% owned Zeleznik copper-gold exploration license.  The Zeleznik license, located at the northern portion of the Timok Magmatic Complex, covers 60 km² and is located adjacent along the northern license border with the Majdanpek open pit copper mine in northeastern Serbia.

 

 

Mundoro’s new drill program at Zeleznik will be for approximately 1,000 meters over five holes, three on the West Zone of the property and two on the East Zone. The five drill holes will follow up on the mapping, trench sampling, geophysics and soil geochemical work completed throughout the year and is intended to test continuation of the encouraging results obtained at surface and extract additional information about the geological and structural setting at depth.

 

 

Teo Dechev, CEO and President of Mundoro commented, “The West and East Zones at the Zeleznik property are located just 1.8 km to the north of where current mining is taking place at the Majdanpek mine, which is a lateral laying porphyry deposit.  The exploration results to date from our soil geochemical sampling, ground magnetics and trench sampling have outlined two areas with Cu-Au-Mo anomalies that also correlate to the ground mag anomalies at depth.  The West Zone we believe is a porphyry system as trenching has identified outcrops of andesite dikes, quartz and diorite porphyry dikes while on the East Zone we believe that exo and endo skarn mineralization encountered at the limestone contact with the altered diorite intrusion might be related to a porphyry at depth.  Skarn systems are typically peripheral to a porphyry system.  We look forward to updating the market with the results of our drill program once the core data has been logged, assayed and interpreted.”

 

 

Sampling and Analysis

 

All trench intercepts were obtained from continuous channel sampling at 2 m intervals. All samples are assayed using 50 gram fire assay with atomic absorption finish by ALS, Romania. Quality Assurance and quality control procedures include the systematic insertion of standards and duplicates into the sample streams. Field duplicate samples are taken every 25 samples and standards and blanks are inserted after every 20th sample. All data collected in the field and assay results from the laboratories are routinely verified and entered in an Access data base.

 

 

Soil samples were collected from “B” horizon of the soil media by hand digging a hole from 0.1 to 0.5m. Material of ~500 grams was collected, sealed and send directly to the ALS Prep laboratory in Bor. Samples were dried at <60°C/140F, sieve sample to -180 micron (80 mesh) and assayed by ALS, Romania using 30 gram fire assay with atomic absorption finish.

 

About Mundoro Capital Inc.

 

 

Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return.

 

Posted November 20, 2014

Share this news article

MORE or "UNCATEGORIZED"


Talisker Intersects 995 g/t Gold Over 0.5 Metres within 227.55 g/t Gold Over 2.25 Metres at the Bralorne Gold Project

Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) is pleased to a... READ MORE

November 26, 2020

Copper Mountain Closes C$17.25 Million Bought Deal Offering of Common Shares

Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) i... READ MORE

November 26, 2020

Surge Copper Drills 0.72% Copper Equivalent Over 176.1 Metres At Ootsa Including 0.89% Copper Equivalent Over 126 Metres

Surge Copper Corp. (TSX-V: SURG), is pleased to announce assay re... READ MORE

November 26, 2020

Kirkland Lake Gold Announces Sale of Novo Shares and Warrants

Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) announced it... READ MORE

November 26, 2020

Newcore Gold Intersects 1.38 g/t Gold Over 45.0 Metres, Including 6.25 g/t Gold Over 6.0 Metres, at the Enchi Gold Project, Ghana

First Results from the Nyam Gold Deposit at Enchi; Second Drill R... READ MORE

November 26, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions