24.3 C
Belgrade
Supported byspot_img
spot_img

Mundoro capital announces drilling program for its east Serbia concession

Member of Europium Groupspot_img
Supported byspot_img

Canada Mundoro Capital Inc. announced drilling program from the exploration assessment of Rosh Tilva’s area within the exploration license Savinac in northeastern Serbia. Savinac 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.

Supported byElevatePR Digital

Related News

Canada Nickel reveals initial resource estimate for Deloro project, underscoring Timmins District prospects

Canada Nickel has announced the initial mineral resource estimate for its Deloro nickel sulphide project, located in Ontario's Timmins-Cochrane mining camp. This estimate marks...

Resouro Strategic Metals unveils extensive resource estimate for Tiros titanium and rare earths project

Resouro Strategic Metals, a recent entrant into Brazil’s rare earths sector, has unveiled a significant resource estimate for its Tiros project located in Minas...

NMMC targets $1 billion investment in 2024 to expand gold production capacity

Navoi Mining and Metallurgical Combine (NMMC), the world’s fourth-largest gold producer and Central Asia’s largest gold miner, has announced an ambitious investment program for...

U.S. and Kazakhstan strengthen energy partnership at 2024 Strategic Dialogue in Astana

On July 18, 2024, the U.S. Department of State and the Department of Energy, in partnership with Kazakhstan’s Ministry of Foreign Affairs and Ministry...
Supported by
Supported by
Supported by
error: Content is protected !!