Peki

Mundoro-Vale Exploration Program Expands Targeting in Timok Serbia

Retrieved on: 
Tuesday, April 6, 2021

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).