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  • Mundoro Capital (MUN) was granted a new exploration license in Serbia
  • The license covers 98 square kilometres in a copper-gold area in the northern portion of the Serbo-Macedonian Metallogenic Province
  • The area is considered highly prospective for porphyry and related epithermal mineralization
  • There have been at least four historically recorded base metal occurrences within the project
  • Mundoro Capital is up 5.00 per cent on the day, with shares trading at C$0.21 at 11:28 am ET

Mundoro Capital (MUN) was granted a new exploration license in Serbia.

The license covers 98 square kilometres in a copper-gold area in the northern portion of the Serbo-Macedonian Metallogenic Province.

The Tertiary Magmatic Belt is an emerging belt that is host to several lead-zinc-base metal vein and carbonate replacement type of deposits with recently recognized potential for porphyry and epithermal copper-gold deposits.

The area is considered highly prospective for porphyry and related epithermal mineralization. The area is located 40 kilometres southeast of the Rudnik lead-zinc-silver mining district.

There have been at least four historically recorded base metal occurrences within the project.

Historical data collection is underway with exploration programs expected to start this summer.

Further applications have been submitted across key mineralized belts in Serbia.

“We are delighted to be granted this new copper-gold project area in Serbia. GT7 Copper Project contains exposures of diorite porphyry copper-gold type quartz stockwork mineralization and likely to related precious and base metals veins in surrounding sedimentary country rocks.

Our field team will advance exploration in the summer, focusing on the priority targets defined from initial field reconnaissance. In the meantime, we will commence marketing the project to potential partners seeking drill-ready targets for copper-gold exploration in a prospective mineral belt in Serbia.

Mundoro has also applied for additional projects in key belts in Serbia to which we await the results of these applications,” said Mundoro CEO and President Teo Dechev.

Mundoro is a Canadian-listed royalty generator company with a portfolio of projects focused on base and precious metals that generate royalties and near-term mineral revenue.

Mundoro Capital is up 5.00 per cent on the day, with shares trading at C$0.21 at 11:28 am ET.

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