A drill rig has been mobilized to the Angel Vyvoda gold target on Mundoro Capital’s (TSE:MUN) Zvezda licence, the company announced on Monday.
Zvezda is one of two large and contiguous exploration licences located in southeastern Bulgaria in the Rhodopean region and is part of the Tethyan metallogenic belt.
“We are looking forward to drill test the Angel gold target which our geological team discovered through soil geochemistry, mapping and structural analysis,” said Teo Dechev, chief executive officer and president of Mundoro.
“Based on the data compiled to date, we believe the Angel gold target may be geologically analogous to the nearby Ada Tepe deposit at the Krumovgrad project currently under construction by Dundee [Precious Metals Inc.]. We expect to complete drilling by the end of April, 2017, and to release assay results around the end of May, 2017.”
Story by ProactiveInvestors