VANCOUVER, June 30, 2014 /CNW/ - Mundoro Capital Inc.
(TSXV: MUN, 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 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.
SOURCE Mundoro Capital Inc.