The drill program is planned for 3,000 meters to test five target areas with 5 drill holes. These five drill holes represent a rare opportunity in
Highlights of the Targets
The five target areas for drill testing during this drill program are (i) two pediment-covered targets (ii)
The Mescal and
Regional Setting
The Dos Cabezas mountains contain Laramide volcanic centers which generated intrusives, breccias and expression of volcanoclastics, ranging from andesitic to rhyolitic in composition. These volcanics have been deposited on Cretaceous aged sedimentary units consisting of siltstone, sandstone, conglomerates, and carbonates. The sedimentary package is unconformably deposited on Proterozoic granitic and metamorphic rocks. Laramide dikes, intrusive bodies and breccias crosscut the above units, giving rise to areas of alteration and potential metal deposition.
About
Mundoro is a publicly listed company on the TSX-V in
Caution Concerning Forward-Looking Statements
This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'believe' or 'continue' or similar words or the negative thereof, and include the following: completion of earn-in expenditures, options and completion of a definitive agreement by the parties. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the Company's projects, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
Contact:
Tel: +1-604-669-8055
Email: info@mundoro.com
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