Mundoro Capital Inc. provided an update on its geophysics program as part of the exploration activity in Serbia. The Company's exploration work continued with regional and project scale geophysical data interpretation and targeting.
Regional Airborne Magnetic and Gravity data covering an area of 8,000 sq. km were processed, gridded, interpreted and used for targeting over the Timok Magmatic Complex, located in Eastern Serbia. The analysis focused on structural framework and controls in relation to geophysical signatures of known mineral deposits. The geophysical interpretation and targeting was supported widely by geological, metallogenic and geochemical data. As a result, 22 prospective porphyry/epithermal targets were identified for follow up, eight of which fall within 100% owned Mundoro's exploration licenses. Defined regional targets will be followed up with detailed ground electromagnetic and electrical geophysical surveys. Interpreted results will be further used to support and focus detailed exploration and drill target generation within the Company's Timok Properties. The reconnaissance Audio-Frequency Magneto-Telluric (AMT) geophysical survey was completed over the Borsko Jezero license in December 2012. The full license area (45 sq. km) was covered along east-west profile lines spaced 1,000 m apart. Measurements were taken every 500 m along the profile lines. Selected areas which showed promising anomalies were filled in at 500 m profiles and 250 m measurements. A total of 119 stations were surveyed collecting readings. Data passed daily quality control and verification as soon as it was measured on the field.