Timok Valley

Mundoro Provides Operational Update and Signs Definitive Option Agreement with Vale for Two Additional Exploration Areas in Timok, Serbia

Retrieved on: 
Thursday, May 6, 2021
Southern and Eastern Serbia, Statistical regions of Serbia, Geography of Serbia, Timok Valley, Bor District, Nišava District, Timok, Zaječar District, Vale S.A., Serbian wine

b'Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) ( www.mundoro.com ) ("Mundoro" or the "Company") is pleased to announce the Company and Vale Canada Inc. ("Vale") have executed a definitive option agreement for the two additional exploration areas in Timok, Serbia.

Key Points: 
  • b'Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) ( www.mundoro.com ) ("Mundoro" or the "Company") is pleased to announce the Company and Vale Canada Inc. ("Vale") have executed a definitive option agreement for the two additional exploration areas in Timok, Serbia.
  • This second agreement with Vale expands our working relationship for two additional exploration areas in Timok, Serbia.
  • Historical data collection is underway with an exploration program planned for Q3-2021.\nMundoro signed definitive Option Agreement with Vale for two additional exploration areas in Timok, Serbia: Mundoro has completed and entered into an option agreement ("Option Agreement") with Vale Canada Limited ("Vale"), in which Mundoro has granted to Vale an option on two exploration licenses ("Option Projects") in Timok, Serbia.
  • Mundoro entered into a Memorandum of Understanding ("MOU") with Vale in October 2020 for these two additional exploration licenses in Serbia - see press release dated October 22, 2020 .

Mundoro-Vale Exploration Program Expands Targeting in Timok Serbia

Retrieved on: 
Tuesday, April 6, 2021
Southern and Eastern Serbia, Statistical regions of Serbia, Geography of Serbia, Bor District, Timok Valley, Zaječar District, Copper, Economic geology, Porphyry copper deposit, Timok, Porphyry, Peki

Both programs are located in the southern portion of the Timok Magmatic Complex ("Timok") west-southwest of the Cukaru Peki Deposit and the Bor mining complex.

Key Points: 
  • Both programs are located in the southern portion of the Timok Magmatic Complex ("Timok") west-southwest of the Cukaru Peki Deposit and the Bor mining complex.
  • Diamond drilling is ongoing at Skorusa copper-gold porphyry system, along with an Audio-frequency Magneto-telluric (AMT) geophysics program at the Tilva Mare prospect.
  • The approved exploration work program of US$1.9 million is in progress and primarily focused on two of the four Vale-Mundoro JV Projects - Skorusa and Oblez.
  • Both projects are located west-southwest of the Cukaru Peki epithermal-porphyry copper gold deposit and within the Timok Magmatic Complex (Figure 1).

Mundoro Commences Drill Program on Vale Project in Timok Serbia

Retrieved on: 
Tuesday, January 5, 2021
Southern and Eastern Serbia, Statistical regions of Serbia, Geography of Serbia, Timok Valley, Bor District, Zaječar District, Nišava District, Timok, Bor, Serbia

Skorusa is one of the licenses being sole funded by Vale Canada ("Vale") as part of the Earn-in Agreement announced October 2019.

Key Points: 
  • Skorusa is one of the licenses being sole funded by Vale Canada ("Vale") as part of the Earn-in Agreement announced October 2019.
  • Skorusa is located in the southern portion of the Timok Magmatic Complex ("Timok") directly southwest of Bor mining camp.
  • The program is expected to be completed by the end of February with assay results expected by the end of March.
  • To drive value for shareholders, Mundoro has generated a portfolio of mineral projects primarily focused on copper and gold in Serbia and Bulgaria.