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Mundoro Begins Drilling for Gold at Tilva Rosh Prospect in Serbia

Canadian-based Mundoro has begun drilling at the Tilva Rosh gold prospect on the Savinac License in north-eastern Serbia.The area in question previously...

Admin
|Jul 2|magazine4 min read

Canadian-based Mundoro has begun drilling at the Tilva Rosh gold prospect on the Savinac License in north-eastern Serbia.

The area in question previously reported trenching results of 12m of 30.39 g/t gold and 171.27 g/t silver, with the company confident this initial exploration work will lead into the discovery of a fruitful supply. A total of 1,000 metres is set to be drilled.

Teo Dechev, CEO and President of Mundoro said: “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 three kilometres of the broader Tilva Rosh hydrothermal system. We look forward to updating the market with the drill results and exploration along the broader system.”

Mundoro is a Canadian company focused on mineral acquisition, exploration, and development, with a primary focus on advancing its properties on the Tethyan Belt in Southeastern Europe, which is said to house significant gold-copper porphyry and other epithermal deposits.

Serbia has a tradition of mining which dates back to the Middle Ages when silver, gold and lead were extracted. There are many mineral deposits and major occurrences distributed throughout the country, though modern exploration methods and techniques had not been applied until very recently. Mundoro also hosts assets in Mexico and China.

More on the Serbian work can be found at: http://mundoro.com/serbia