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Last C$0.08 CAD
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MUN On Other Exchanges
As of 9:52 AM 08/26/15 All times are local (Market data is delayed by at least 15 minutes).

mundoro capital inc (MUN) Snapshot

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mundoro capital inc (MUN) Details

Mundoro Capital Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Southeastern Europe, Mexico, and China. It explores for gold, copper, silver, tungsten, molybdenum, iron, and related epithermal deposits. The company holds interests in 8 exploration licenses located in northeastern Serbia, which cover an aggregate area of 637 square kilometers within the Timok Mining district; 3 exploration licenses in the southeastern Rhodopes region, Bulgaria; 12 mineral concessions covering 1,728 square kilometers in the Mesa Central belt of Durango and Chihuahua states in Mexico; and Maoling Gold project located in Liaoning, China. Mundoro Capital Inc. is headquartered in Vancouver, Canada.

mundoro capital inc (MUN) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$321.3K
Chief Financial Officer
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2014.

mundoro capital inc (MUN) Key Developments

Mundoro Capital Inc. Announces Drilling Commencement at Serbian Properties

Mundoro Capital Inc. announced that drilling has commenced on the company's 100%-owned exploration licenses, Savinac, Sumrakovac, Bacevica and Osnic which are located at the southern end of the Timok Magmatic Complex in northeastern Serbia. Drilling commenced on July 14, 2015 under the Option Agreement between Mundoro and First Quantum Minerals Inc. ("FQM") announced June 8, 2014. FQM has committed to drill a minimum of 5,000 meters on the Southern Timok Properties by October 31, 2015. This drill program will be focused on testing various copper-gold porphyry systems within the four properties. FQM is sole funding the drilling program which comprises reverse circulation drilling and diamond drilling. The final number of holes drilled will be dependent on results obtained through the course of the drilling program. This drilling program is designed to test various copper-gold targets over the Southern Timok Properties. The targets have been identified through a systematic program completed by the Company comprising detailed mapping, geochemistry, alteration mapping, ground magnetics, regional geophysics and interpretation of limited historical drilling. The properties and targets to be tested are: The Sumrakovac license; The Savinac license; The Bacevica license; and The Osnic license.

Mundoro Capital Inc. and First Quantum Minerals Enter into Option Agreement for the Exploration of Serbian Properties

Mundoro Capital Inc. reported that it has entered into an option agreement with First Quantum Minerals Ltd. pursuant to which FQM has been granted an option to enter into a joint venture agreement with Mundoro on four of Mundoro's exploration licenses which include the Savinac, Sumrakovac, Bacevica and Osnic exploration licenses located at the southern end of the Timok Magmatic Complex in northeastern Serbia. Under the terms of the option agreement, FQM has committed to drill 5,000 meters on the Southern Timok Properties by October 31, 2015. FQM will then have until December 15, 2015 to provide written notice to enter into a joint venture agreement with Mundoro in respect of those properties. FQM will cover the drilling and related costs during its option period for the Southern Timok Properties. Mundoro's Southern Timok Licenses: The Sumrakovac license is a 103 area located 5km southwest of the Bor Mine Complex and is adjacent on the west side to the Freeport/Reservoir Timok JV license. Ground magnetic geophysical results highlighted additional anomalous centers east of the known Skorusa Cu-Au porphyry, which have been interpreted as possible porphyry related mineralization. The Savinac license is a 90 area that is located 15km southwest of the Bor Mine Complex. The property contains a significant area of strong alteration in an approximately 14 elongated belt which hosts several epithermal Cu-Au prospects marked by Cu-Mo-Ag-Pb-Zn geochemical anomalies. During 2014, activity at the Savinac license was focused on the Tilva Rosh prospect completing detailed mapping, trenching and drilling programs. The Bacevica license totals 148 and is located directly south of the Savinac license. Planned exploration work for 2015 includes additional detailed mapping, rock and soil sampling, geophysics surveys and exploration drilling. The Osnic license is a 74 located in Northeastern Serbia, 20 km south of the Bor Mine Complex. For 2015 the company has planned interpretation of geochemical sampling completed to date with follow up geophysics and drilling.

Mundoro Capital Inc., Annual General Meeting, May 26, 2015

Mundoro Capital Inc., Annual General Meeting, May 26, 2015.


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