Serbia mining: Mundoro capital announces drilling program for its east Serbia concession

8. September 2014. / Mining

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Canada Mundoro Capital Inc. announced drilling program from the exploration assessment of Rosh Tilva’s area within the exploration license Savinac in northeastern Serbia.┬áSavinac license covers 90 square kilometers and is located within the Timok Magmatic Belt, about 20 miles southeast of Bor mining camp.

Teo Dechev, CEO and President of Mundoro, commented that “this initial drilling program on Rosh Tilva is designed to test the possibility of extending the mineralization at depth and along the belt.”

The first results of drilling successfully demonstrated continuity of mineralization at depth to the surface, along the belt and are encouraging as management believes that the results are heading to a deeper source mineralization.

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