VANCOUVER, British Columbia,
June 30, 2014 /PRNewswire/ --
Mundoro Capital Inc. (TSXV:
MUN,http://www.mundoro.com) ("Mundoro" or the
"Company") is pleased to provide an update to the ongoing
exploration program at the Tilva Rosh gold prospect, located on the
Savinac License in northeastern Serbia.
Drilling began on June
28th and will be concentrating on the area of the
previously reported trenching results, which returned 12m of 30.39
g/t gold and 171.27 g/t silver (see press release dated
October 21, 2013). The Tilva Rosh
prospect was outlined by a gold-in-soil anomaly of 600 m by 150 m
which was confirmed with follow up trenching in Q4-2013 and
Q2-2014. The Company also completed ground magnetics in Q1-2014.
The Company will be drill testing depth extension of the
outcropping epithermal gold mineralization with a total of 1,000
metres. Results are expected in Q3 2014.
Teo Dechev, CEO and President of
Mundoro commented: "Initial exploration work at the Tilva Rosh
prospect yielded very encouraging results as they demonstrated the
potential for near surface, high grade mineralization of a
low-sulphidation style system. The current drill program is
designed to test the southern portion of a series of gold-in-soil
anomalies spread over 3 km of the broader Tilva Rosh hydrothermal
system. We look forward to updating the market with the drill
results and exploration along the broader system."
Technical information contained in this Press Release has been
reviewed and approved by Mr. G. Magaranov, P. Geo., 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
http://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 Teo Dechev, CEO,
President and Director of Mundoro Capital Inc. at +1-604-669-8055
or Michelle Roth, Roth Investor
Relations at +1-732-792-2200