Mundoro Commences Drilling at High Priority Skorusa East Target
Mundoro Commences Drilling at High Priority Skorusa East Target
April 1 6, 2026, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF |
www.mundoro.com) ("Mundoro" or the " Company") is pleased to announce the
commencement of drilling at the high-priority Skorusa East target within the Central Timok
project (the "Project"), located within the Timok Magmatic Complex ("Timok") in Serbia. The
Project is part of the previously announced BHP-Mundoro option earn-in agreement¹ where
BHP is sole funding the exploration activities.
Highlight
● Planned 1,000 meters of drilling across two drill holes at the Skorusa East Target
Central Timok Project
The Project area is a comprehensive package of 7 exploration licenses covering 418 km² within
the Timok Magmatic Complex in eastern Serbia (see Figure 1). Timok is one of the most prolific
metallogenic domains in the western portion of the Tethyan Belt, hosting several large -scale
deposits and producing mines.
This land package encompasses four alteration zones, each extending approximately 4 km for a
cumulative 16 km of alteration. These zones display characteristic soil geochemistry and
alteration zonation indicative of porphyry systems.
Skorusa East Target
The Exploration Technical Committee has approved 1,000 meters of drilling across 1 to 2 drill
holes at the Skorusa East target. Upon completion, the drill rig will be relocated to the high
priority Tilva Rosh South target.
• Location: Skorusa East is part of the larger Skorusa license, located 5 km southwest o f
the Bor Mine Complex and 4 km west of the Cukaru Peki Mine (see Figure 1).
• Geological Context: Skorusa West and East targets together feature a significant 2 x 3
km alteration footprint related to a copper-gold porphyry system.
• Historical Intercepts: Previous drilling at Skorusa West intersected a wide
mineralization halo, including 201.2 meters at 0.11% Cu and 0.11 g/t Au ², confirming a
large-scale system hosted in intrusive and volcano-sedimentary units with higher grades
associated with potassic-altered diorite porphyry dikes.
The Opportunity: Skorusa East is defined by a surface soil geochemical anomaly and alteration
zone, located immediately east of the Skorusa West porphyry. Prior drilling in hole STRD -005
intersected hydro thermally altered medium to fine grained porphyritic diorite with trace
disseminated chalcopyrite and quartz -chalcopyrite-pyrite-magnetite "A -B-Type” porphyry
veinlets and a late mineral dyke postdating early veinlets, suggesting the existence of an
additional mineralized center. The two drill holes in the current drilling campaign are designed
to test the eastern extent of Skorusa East target with approximately 1,000 meters of drilling
where there are demonstrated geochemical and alteration vectors along with a coincident
magnetic anomaly.
Figure 1: Regional map highlighting Central Timok target areas
Qualified Persons
R. Jemielita, PhD, MIMMM, a Qualified Person as defined by National Instrument 43 -101 and
consultant to the Company, has reviewed, verified and approved the disclosure of the technical
information contained in this news release.
About Mundoro Capital Inc.
Mundoro is a publicly listed company on the TSX -V in Canada and OTCQB in the USA with a
portfolio of mineral properties focused primarily on base and precious metals. To drive value for
shareholders, Mundoro’s asset portfolio generates near -term cash payments to Mundoro and
creates royalties attached to each mineral property optioned to partners. The portfolio of
mineral pr operties is currently focused on predominantly copper in two mineral districts:
Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.
For more information, please visit www.mundoro.com.
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Latest Corporate Presentation.
For further information about Mundoro, please contact:
Teo Dechev, Chief Executive Officer, President and Director
Christian Elferink, Investor Relations Manager
+1-604-669-8055
References
¹ Mundoro Capital website (Link), October 13, 2025 News release
² Mundoro Capital website (Link), July 6, 2021 News release
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following: completion of earn-in expenditures, options and completion of a definitive agreement
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