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MUN Mundoro Capital Inc

0.21
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mundoro Capital Inc TSXV:MUN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.21 0.20 0.21 0.21 0.21 0.21 73,022 17:51:48

Mundoro's Trench Sampling Yields 12 Metres Grading 30.39 g/t Gold and 171.27 g/t Silver at its Savinac License

03/09/2013 1:00pm

Marketwired Canada


Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the
"Company") is pleased to provide an update on its exploration activities at the
100% owned Savinac property within the Timok Magmatic Complex (TMC) in northeast
Serbia. The TMC hosts significant Cu-Au porphyry and related Cu-Au epithermal
deposits. 


Detailed mapping and rock sampling have been completed over the Savinac license
at the southern end of the TMC. Following up on an assay result of 8.19 g/t Au
from a grab rock sample collected during geological mapping at the Tilva Rosh
prospect within the Savinac license, the Company conducted a trenching program
over the anomalous area (Figure 1). First assay results received from the
trenching at Tilva Rosh highlighted high grade mineralized intercepts in three
trenches:




--  Trench 4 - 12m @ 30.39 g/t Au and 171.27 g/t Ag 
--  Trench 2 - 8m @ 5.31 g/t Au and 21.07 g/t Ag 
--  Trench 1 - 18m @ 2.21 g/t Au and 29 g/t Ag



Table 1: Initial Trench Results from Tilva Rosh



----------------------------------------------------------------------------
Trench ID                From (m)   To (m)  Interval (m)  Au (g/t)  Ag (g/t)
----------------------------------------------------------------------------
TRTR 04                         0       12            12     30.39    127.00
----------------------------------------------------------------------------
  including                     8       12             4     59.34    277.41
----------------------------------------------------------------------------
  including                    10       12             2      80.7       174
----------------------------------------------------------------------------
TRTR 02                       130      138             8      5.31     21.07
----------------------------------------------------------------------------
  including                   130      132             2      24.5      17.6
----------------------------------------------------------------------------
TRTR 01                         0       18            18      2.21     29.00
----------------------------------------------------------------------------
-Weighted average calculated using uncut assays.                            
-Trench intercepts are sample lengths and further work is required to       
determine true widths.                                                      



Teo Dechev, President and CEO commented, "We are very pleased to see the grade
and widths of gold mineralization in our first Tilva Rosh trenches at the
Savinac license. We will continue to explore this prospective area, as well as
the Markov Kamen prospect further south in the same license. In addition, the
Company's first scout drill program is continuing at our 100% owned Borsko
Jezero property where we expect to announce results in the fourth quarter of
2013. This is an exciting time for our shareholders." 


The Tilva Rosh epithermal system is expressed on the surface with a large area
of advanced argillic alteration covering 4 km by 1 km in size and is part of the
Savinac mineralized belt (9 km by 2 km), which also includes the Markov Kamen
prospect (See Figure 1), entirely within Mundoro's 100% owned Savinac license.
The highest grade results are related to a NNW oriented mineralized structure
controlling massive gossan-silica hydrothermal breccia, vuggy quartz and quartz
veins. The mineralized intervals are open to the north and south and need
further exploration in all directions. Additional trenching to follow-up
continuation of the mineralized feeder structure is underway. 


Sampling and Analysis 

All trench intercepts were obtained from continuous channel sampling at 2m
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. 


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 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: 
Mundoro Capital Inc.
Teo Dechev
CEO, President and Director
+1-604-669-8055


Roth Investor Relations
Michelle Roth
+1-732-792-2200

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