25.8 C
Supported byspot_img

Mundoro Announces Drilling Results From Tilva Rosh Prospect in Serbia

Member of Europium Groupspot_img
Supported byspot_img

Mundoro Capital announced drilling results from the Tilva Rosh prospect within the 100% controlled Savinac exploration license in north-eastern Serbia. The Savinac license covers 90 km² and is located in the Timok Magmatic Belt, approximately 20 km southeast of the Bor mining camp.

Teo Dechev, CEO and President of Mundoro commented, “This Phase II drilling program at Tilva Rosh was designed to test mineralization along 400 m of strike to an average depth of 100 m as follow-up to the discovery trench, which contained a 12 m interval of 30 g/t gold and 171 g/t silver, and to the initial drill testing of this area. Results from drilling, trenching, geochemical soil sampling and alteration mapping have successfully demonstrated a gold system associated with three identified structures. Exploration has also identified a large intact lithocap extending approximately 650 m to the north of the current drilling for follow-up exploration. As a result mineralization remains open to the north, south and at depth.”

Supported byElevatePR Digital

Related News

Progress at Plymouth’s tungsten mine: Final permit secured for production restart

Plymouth’s potential tungsten mine is on track to achieve significant production levels following the approval to commence operations. Tungsten West Plc has secured a...

Elementos pursues acquisition of stake in Iberian smelting for European tin market expansion

Elementos, a tin exploration and development firm, has initiated a non-binding term sheet to potentially acquire up to a 50% interest in Iberian Smelting...

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...
Supported by
Supported by
Supported by
error: Content is protected !!