Mundoro Identifies Large-Scale Porphyry Targets in Timok Properties, Serbia and Corporate Update
Mundoro Identifies Large-Scale Porphyry
Targets in Timok Properties, Serbia and
Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) -
Mundoro Capital Inc. (TSXV:
MUN) (OTCQB: MUNMF) (
www.mundoro.com
)
("
Mundoro
" or the "
Company
") is pleased to
announce that it has identified four highly prospective porphyry exploration targets at the Tilva Rosh
prospect area on Mundoro's 100% owned licenses. These targets are shown in Figure 1 and include:
Tilva Rosh Valley
: A 2 km x 2 km target area located at the junction of two significant fault
structures, identified through geophysics, structural interpretation and geochemical data.
Tilva Rosh North
: A 3 km x 1.5 km target featuring advanced surface alteration and increasing
molybdenum grades at depth, indicating potential deeper sulfide-rich porphyry zones.
Tilva Rosh South
: A deeper porphyry target identified through previous drilling, which
demonstrated molybdenum anomalies at depth and porphyry style alteration zonation.
Tilva Rosh Bridge
: A 2.3 km zone linking two lithocaps, with elevated copper-gold soil anomalies
and geophysical indicators suggesting potential for porphyry system.
"These targets underscore the ongoing potential for further discoveries within the Timok Magmatic
Complex. This reinforces our commitment to advancing these projects through strategic partnerships
with companies seeking to explore in this well-established mining district, which continues to offer
substantial opportunities for additional copper porphyry discoveries," commented Teo Dechev, CEO
and President.
Discussion
The Tilva Rosh lithocap, covering approximately 16 square kilometers, is situated in the central part of
the Timok Magmatic Complex, near the highly productive Bor and Cukaru Peki Mine Complexes.
Through our exploration work, we have identified four promising target areas: Tilva Rosh Valley, Tilva
Rosh North, Tilva Rosh South, and Tilva Rosh Bridge. These targets show similarities to the Bor and
Cukaru Peki deposits, not only in geological features but also in mineralization styles, and alteration
patterns that often signal the presence of porphyry and high-sulphidation epithermal ("
HSE
") systems.
Figure 1: Location Map of Targets with Geochemistry, Geophysics and Structural interpretation over
Geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2408/225693_67f55086c4aa8994_001full.jpg
Tilva Rosh Valley
This 2 km x 2 km target area is centered on a significant fault system concealed beneath alluvial cover,
identified through a combination of geophysical and structural interpretation. The area is a structurally
significant dilation zone, which could trap mineralizing fluids, creating favorable conditions for porphyry
development. Located just north of a 4 km-long lithocap, this area is likely the extension under cover of
that lithocap, supported by the continuation of a demagnetized zone as indicated by geophysical
surveys. Key porphyry indicators, including surface molybdenum anomalies, demagnetization, and
structural interpretation, coupled with a new passive seismic survey, suggest potential for a porphyry-
related system. Two drill holes have been designed to test for both porphyry and the associated high-
sulphidation epithermal ("
HSE
") systems, guided by molybdenum anomalies, magnetics, and passive
seismic data that align with the area's structural trends.
Tilva Rosh North
This expansive lithocap (4 km by 2 km) is characterized by advanced surface alteration, with argillic and
albite-sericite-chlorite zones transitioning into anhydrite at depth. Increasing molybdenum grades to the
north and deeper levels, along with magnetic highs within broader demagnetization zones, suggest
potential for a sulfide-rich potassic zone in a deeper porphyry system. Traditional porphyry vectors such
as A-type quartz-magnetite veinlets further support the potential for mineralization at depth. Two drill
holes have been designed to test this area, targeting porphyry and related HSE systems using
geophysical data, including magnetic highs and geochemical anomalies, which provide strong evidence
for mineralization in this promising target.
Tilva Rosh South
The southern end of the lithocap presents a deeper target for porphyry systems, as near surface drilling
has not fully explained the widespread surface alteration and high-grade mineralization from channel
sampling which returned 12m @ 30.39 g/t Au and 171.27 g/t Ag. Molybdenum anomalies, both at the
surface and along one hole previously drilled in this area, along with alteration zonation and A-type
quartz-magnetite veinlets, are vectors pointing toward a deeper porphyry system. A single deep drill hole
(FMSC18006) revealed extensive alteration, including hydrothermal breccia and potassic-altered diorite
porphyry, indicating the potential for substantial mineralization at depth. One drill hole has been designed
to further test this deeper potential, guided by these vectors and supported by geochemical, magnetic,
and structural indicators from previous drilling.
Tilva Rosh Bridge
This 2.3 km corridor under agricultural land cover connects two key lithocaps, Markov Kamen North and
Tilva Rosh South, and presents additional opportunities along this corridor for the discovery of an
undercover porphyry system that may be driving these extensive lithocaps. Elevated copper-gold soil
geochemistry and geophysical indicators, including a broad demagnetized zone suggest continuation of
the alteration undercover. Two drill holes have been designed to test this area, focusing on the potential
for porphyry-related mineralization.
Qualified Persons
The scientific and technical information described in this Press Release has been prepared in
accordance with National Instrument 43-101. The scientific and technical information for this press
release
has been reviewed and approved by R. Jemielita, PhD, MIMMM, a Qualified Person as defined
by NI 43-101 and Chief Geologist to the Company.
Mundoro Engages Market Maker
Mundoro has engaged the services of DS Market Solutions Inc. ("DSMS") to provide market making
services in accordance with TSX Venture Exchange policies. The contract with DSMS is for a minimum
of three months at two thousand five hundred dollars per month and will be renewed for additional one-
month terms unless terminated by either party with thirty days' notice.
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 properties 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 further information about Mundoro, please contact
Teo Dechev, Chief Executive Officer,
President and Director, +1-604-669-8055, or Shamil Devji, Investor Relations Manager at +1-604-669-
8055.
You can also
visit Mundoro's website
www.mundoro.com
.
Caution Concerning Forward-Looking Statements
This News Release contains forward-looking statements. 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, and include the following: completion of
earn-in expenditures, options and completion of a definitive agreement by the parties. The material
assumptions that were applied in making the forward-looking statements in this News Release include
expectations as to the mineral potential of the Company's projects, the Company's future strategy and
business plan and execution of the Company's existing plans. We caution readers of this News Release
not to place undue reliance on forward-looking statements contained in this News Release, as there can
be no assurance that they will occur and they 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, exploration results,
commodity prices, 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, 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.
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