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mundoro capital inc (MUN) Snapshot

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mundoro capital inc (MUN) Details

Mundoro Capital Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in south eastern Europe and Mexico. It explores for gold, silver, lead, zinc, copper, tungsten, molybdenum, iron, and antimony deposits. The company holds interests in 4 concessions covering an area of 673 square kilometers in the Mesa Central belt of Mexico; and 5 tenements covering an area of approximately 389 square kilometers located in northeastern Serbia. Mundoro Capital Inc. is headquartered in Vancouver, Canada.

mundoro capital inc (MUN) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$321.3K
Chief Financial Officer
Total Annual Compensation: C$33.0K
Technical Advisor
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

mundoro capital inc (MUN) Key Developments

Mundoro Capital Inc. Announces Drilling Results from Tilva Rosh Prospect in Serbia

Mundoro Capital Inc. announced drilling results from its Tilva Rosh prospect within the Savinac exploration license in northeastern Serbia. The Savinac license covers 90 km(2) and is located within the Timok Magmatic Belt, approximately 20 km southeast of the Bor mining camp. 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). The drill holes were designed to test the down dip mineralization to a maximum of 150 m down dip The Tilva Rosh drilling program has demonstrated continuation of surface mineralisation at depth and along strike of a north-west structure responsible for the high grade gold. The Au-Ag mineralization identified in the in-soil geochemistry anomaly and confirmed in the trenching, has now been confirmed at a depth to 76m, along strike for 100 m (50 m to south and 50 m to north) and remains open in all directions. Copper mineralisation was intersected at depth in four of the six drill holes (SAV03-SAV06).

Mundoro Capital Gets Copper Gold Licence for Bulgaria's Chuprene

Mundoro Capital announced that it has completed the acquisition of a copper gold licence for the Chuprene area in northwestern Bulgaria. The seller also retains a 10% net profit interest royalty in Chuprene which can be purchased by Mundoro for 1.0 million Canadian dollars at any time. Chuprene is located in the Late Palaeozoic Belt of north-west Bulgaria which is host to numerous copper-gold, lead-zinc-silver and poly-metallic gold-silver deposits. It is an underexplored area by modern exploration methods located in the prolific Tethyan Gold Belt with the potential for containing high sulphidation copper-gold, sediment hosted gold and intrusion related gold-silver deposits. The company also reported that it started drilling late last month on the Tilva Rosh prospect in Serbia, which was outlined by a gold-in-soil anomaly of 600 metres by 150 metres.

Mundoro Capital Inc. Announces an Update on Tiva Rosh Drilling Program in Serbia

Mundoro Capital Inc. announced an update on the Tiva Rosh drilling program in Serbia. Mundoro recently began drilling on its Tilva Rosh prospect in Serbia on June 28, 2014. The Tilva Rosh prospect was outlined by a gold-in-soil anomaly of 600m by 150m which was confirmed with follow up trenching in fourth quarter of 2013 and second quarter of 2014. The company is drill testing depth extension of the outcropping epithermal gold mineralization with six diamond drill holes each with a depth of approximately 150m. The company has completed the first three holes concentrating on the area of the previously reported trenching results, which returned 12m of 30.39 g/tonne gold and 171.27 g/tonne silver. The drill core has intersected the hydrothermal breccia hosting the mineralization which was trenched on surface as well as a feldspar porphyry which is argillic altered. The drill core has also intersected sections of (i) quartz-pyrite-chalcopyrite mineralization; (ii) pyrite-galena-sphalerite mineralization and (iii) semi-massive pyrite chalcocite-covellite-bornite mineralization. Assay results are scheduled to be published in third quarter of 2014 along with further description of the drill core from the holes.


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