VANCOUVER, British Columbia,
November 20, 2014 /PRNewswire/ --
Mundoro Capital Inc.
(TSXV:MUN http://www.mundoro.com) ("Mundoro or the
"Company") 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 (see attached Figure 1:
Zeleznik East Drill Hole Location Map and Figure 2: Zeleznik West
Drill Hole Location Map). The five drill holes will follow up on
the mapping, trench sampling, geophysics and soil geochemical work
completed throughout the year (see May 1,
2014 and January 13, 2014
press releases) 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.
The technical information contained in this Press Release has
been reviewed and approved by Mr. G. Magaranov, P. Geo., the
Qualified Person as defined by National Instrument 43-101.
On behalf of the Company,
Teo Dechev, Chief Executive
Officer, President and Director
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.
Caution Concerning Forward-Looking Statements
Information included, attached to or incorporated by reference
into this News Release may contain forward-looking statements. All
statements, other than statements of historical fact, included or
incorporated by reference in this News Release are forward-looking
statements, including, without limitation, statements regarding
activities, events or developments that the Board expects or
anticipates may occur in the future. These forward-looking
statements can be identified by the use of forward-looking words
such as "will", "expect", "intend", "plan", "estimate",
"anticipate", "believe" or "continue" or similar words or the
negative thereof. The material assumptions that were applied in
making the forward looking statements in this News Release include
expectations as to the Company's future strategy and business plan
and execution of the Company's existing plans. There can be no
assurance that the plans, intentions or expectations upon which
these forward-looking statements are based will occur. We caution
readers of this News Release not to place undue reliance on forward
looking statements contained in this News Release, which are not a
guarantee of performance and are subject to a number of
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. These factors include general economic
and market conditions, changes in law, regulatory processes, the
status of Mundoro's assets and financial condition, actions of
competitors and the ability to implement business strategies and
pursue business opportunities. The forward-looking statements
contained in this News Release are expressly qualified in their
entirety by this cautionary statement. The forward-looking
statements included in this News Release are made as of the date of
this News Release and the Board undertakes no obligation to
publicly update such forward-looking statements to reflect new
information, subsequent events or otherwise, except as required by
law. Shareholders are cautioned that all forward-looking statements
involve risks and uncertainties and for a more detailed discussion
of such risks and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with the
Canadian securities regulators available on
http://www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information:
please contact Teo Dechev, CEO,
President and Director of Mundoro Capital Inc. at +1-604-669-8055
or Michelle Roth, Roth Investor
Relations at +1-732-792-2200.