Posted in | Gold | Mining Business

Mundoro Capital Obtains Approval for Seventh Exploration License in Serbia

Mundoro Capital has announced that it has obtained approval for Borsko Jezero, the company’s seventh exploration license, from the Serbian government. The total area of the Borsko Jezero license is 46 sq. km and is situated near to, and directly west of the Bor porphyry and high-sulphidation ore body.

Currently, the company has obtained seven exploration license regions located in Serbia and has one more application with the Ministry of Environment, Mining and Spatial Planning.

According to Mundoro’s President and CEO, Teo Dechev, the company’s land area has been expanded to a district-scale exploration effort made in the high-potential Timok Magmatic complex situated in the Tethyan Metallogenic belt’s western part. According to the company, this license area, which is directly near to the Bor mine’s license area, is a great addition to the exploration land.

The location of the Borsko Jezero license area is in the high-potential Timok Magmatic complex in East Serbia. This area covers 46 sq. km about 2 km towards the western part of the Bor high sulphidation and porphyry copper-gold deposit. The geology of the license area contains Upper Cretaceous magmatic rocks, which also comprise the Majdanpek and Bor deposits.

Mundoro Capital, which is based in Canada, operates as a mineral procurement, exploration, development and investment firm.

Source: http://www.mundoro.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Mundoro Capital Inc.. (2019, February 18). Mundoro Capital Obtains Approval for Seventh Exploration License in Serbia. AZoMining. Retrieved on September 17, 2019 from https://www.azomining.com/News.aspx?newsID=6955.

  • MLA

    Mundoro Capital Inc.. "Mundoro Capital Obtains Approval for Seventh Exploration License in Serbia". AZoMining. 17 September 2019. <https://www.azomining.com/News.aspx?newsID=6955>.

  • Chicago

    Mundoro Capital Inc.. "Mundoro Capital Obtains Approval for Seventh Exploration License in Serbia". AZoMining. https://www.azomining.com/News.aspx?newsID=6955. (accessed September 17, 2019).

  • Harvard

    Mundoro Capital Inc.. 2019. Mundoro Capital Obtains Approval for Seventh Exploration License in Serbia. AZoMining, viewed 17 September 2019, https://www.azomining.com/News.aspx?newsID=6955.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit