Serbia

    Serbia


     

     
     

    Overview

    •     Strategic location at the crossroad of Central and Southeastern Europe
    •     Mining history dating back to the Middle Ages
    •     Increased mining and mineral exploration resulting from political stability improving economy
    •     Competitive corporate and personal tax regime
    •     Low overhead costs and incentives for foreign investment
    •     Transparent and fast process for company registration
    •     Wide availability of highly qualified and affordable labour force

    Geographic Location and Population

    The Republic of Serbia is located in the central part of the Balkans. It is at the crossroads of Central and Southeastern Europe and borders Hungary to the north; Romania and Bulgaria to the east; the Republic of Macedonia to the south; and Croatia, Bosnia and Herzegovina, and Montenegro to the west. It also borders Albania through Kosovo, whose status as part of Serbia is disputed. The country has a population of over 7.2 million and its capital, Belgrade, is one of the largest cities in Southeastern Europe.

    Owing to its position on the geographic borderline between the east and west, Serbia is often referred to as a gateway of Europe. In addition, two very important European corridors, No. 7 - the River Danube and No. 10 - the international highway and railroad, intersect on the Serbian territory providing excellent connections with Western Europe and the Middle East.

    Serbia is a member of the United Nations, the Organization for Security and Co-operation in Europe, the Council of Europe and was granted European Union candidate status in March 2012.

    Prospectivity

    Mundoro's projects are located within the Timok Magmatic Complex (TMC) which hosts significant Au-Cu porphyry and related Cu-Au epithermal deposits. TMC is a part of the prominent Tethyan Metallogenic Belt host of world class porphyry and epithermal Cu-Au deposits. The special relationship between mineralization styles suggests the project area might be part of successively westward migrating belts across the Timok volcanic belt and that they represent temporally distinct events. This suggests that the project areas fall within the recently discovered sediment hosted Au belt with favorable lithology and structural setting.

    Territory of Serbia comprises three prominent mountain systems, a part of the Eastern Alps -- Carpatho-Balkanides, Serbo-Macedonian Massif and Dinarides. The metallogeny of the Carpatho-Balkanides is characterised by large presence of different types of Cu, Cu-Au and less of Pb-Zn mineralizations. The Alpine metallogenic epoch on the territory of Eastern Serbia is presented by two metallogenic zones (the Ridanj-Krepoline and Bor-Maidanpeck zones. Bor-Maidanpeck district to the south is the most significant Cu-Au district in Serbia. Several types of deposits were distinguished within the Timok Magmatic Complex (TMC): porphyry copper (Majdanpek, Veliki Krivel), replacement massive sulphide copper deposits with porphyry copper system in depth (high sulphidation epithermal and porphyry system in Bor deposit) and skarn hydrothermal Pb-Zn mineralisations satellite of porphyry systems.

    Recently discovered sediment hosted Au mineralization attracted attention for significant unrecognized exploration Au potential within the Triassic and Jurassic sediments intruded by Timok magmatic rocks.

    Regional Mining History

    A part of Timok Magmatic Complex has had exploration and mining activities. Main exploration activities took place from 1953 till 1987 and were performed by the Bor Copper Institute and Geological Survey of Serbia.

    Serbia has a tradition of mining which dates back to the Middle Ages when silver, gold and lead were extracted. There are many mineral deposits and major occurrences distributed throughout the country. Modern exploration methods and techniques had not been applied until very recently.  The increase in commodity prices, the recovering Serbian economy, political stability and new Mining law have all led to an increase in mining and in mineral exploration, particularly gold and copper exploration.

    Existing Infrastructure: near a major city and a smelter

    The Timok mining camp around Bor has excellent infrastructure and easy access to major power lines. The TMC area is accessed by regional asphalt roads between Bor, Zagubica, Majdanpek and Kucevo, and well developed unsealed forestry roads. There is a railway from Bor to Belgrade through Pozarevac.

    The area is mining friendly with abundant skilled labour and access to communications.

     

    Borsko Jezero

     Target:

    Porphyry Copper-Gold and Epithermal Au deposits.

     Location:

    Borsko Jezero license area is located in Northeastern Serbia within the Bor Municipality, 200km SE of Belgrade and 2km West of Bor Mine Complex, a major Cu-Au operation

     Area:

    4,600 hectares (46 square kilometers)

     Minerals:

    Gold, copper, molybdenum, silver.

     Ownership:

    100% (through Stara Planina)

     Overview:

    Greenfields and brown field exploration; field work was initiated in 2012:  Stream sediment sampling, detailed geological mapping, rock sampling, reconnaissance AMT geophysical survey and Audio-Frequency Magneto-Telluric (AMT) geophysical survey have be completed. Data compilation, re-interpretation of historical geophysical airborne, magnetic and gravity data have also been conducted.  

     News:

    August 01, 2016: Mundoro Options Fourth Serbian Project to Jogmec

    December 3, 2013: Mundoro Provides Progress on Exploration Programs and Reports $0.28 per Share Cash Value at End of Q3-2013

    October 21, 2013: Mundoro Reports on Scout Drilling Program in Serbia

    July 8, 2013: Drilling Underway at Mundoro's Borsko Jezero Property Near Bor, Serbia

    June 10, 2013: Mundoro Commences Drill Program at Borsko Jezero Property Within the Timok Complex in Serbia

    May 16, 2013: Mundoro Reports Q1-2013 Financials, Corporate Update and Filing of the Technical Report for Borsko Jezero Copper-Gold Property in Serbia

    April 15, 2013: Mundoro Announces NI 43-101 Report for Borsko Jezero Copper-Gold Property in Serbia

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

    January 18, 2013: Mundoro Update on Serbia Geophysics and Exploration Programs

    December 14, 2012: Mundoro Receives Approval for Two Additional Exploration Licenses

    November 12, 2012: Mundoro Provides Update on Serbia Exploration Programs and Commences Geophysics

    July 23, 2012: Mundoro Receives Seventh Exploration License in Serbia

     

    Padina

     Target:

    Sediment Hosted Gold, Porphyry Copper-Gold and Epithermal Au deposits

     Location:

    Topla license area is located in Northeast Serbia within the Bor and Zajecar Municipalities, 200km SE of Belgrade and 4km east of the Bor Mine Complex

     Area:

    6,370 hectares (64 square kilometers)

     Minerals:

    Gold, copper, molybdenum

     Ownership:

    100% (through Stara Planina)

     Overview:

    Greenfields exploration: The Company has conducted data compilation and re-interpretation of historical geophysical airborne, magnetic and gravity data, completed stream sediment sampling, detailed geological mapping and follow-up of stream sediment anomalies, as well as an CSAMT survey.

    The property has excellent infrastructure and easy access to major power lines. The permit area is accessed by regional asphalt roads between Bor and Zajecar and well developed unsealed forestry roads. There is a railway from Zajecar to Belgrade through Bor and an industrial railway station 2 km east of the license area boundary.

    The area is mining friendly with abundant skilled labour and access to communications. It is nearby major Cu-Au operations.

    Mundoro's Padina property lays 4km east of the world class Bor Cu deposits (Borska reka, Krivelj, Cerovo).

    The property has a long history of exploration and mining, dating back to Roman times, which has been demonstrated by the discovery of slag, mining tools and pits. The first recorded exploration reports date back to 1870. Cu deposits of Bor mine exploitation started in 1903.

    Modern geological mapping and exploration started in 1954. Since then various exploration activities such as mapping, geophysics, geochemistry and exploration drilling have been carried out. Numerous Cu, Au,Mo and W prospects were discovered in the wider area. Various resource estimations of poly-metallic ore bodies and veins are also recorded.

    The recently discovered sediment hosted Au mineralization at Korkan (140m @ 2.67 g/t Au) and Bigar Hill (148m @ 1.74 g/t Au) prospects within nearby Avala's permits highlighted significant unlocked new potential within the Triassic and Jurassic sediments intruded by Timok Magmatic Complex.

    The special relationship between mineralization styles suggests the permit area might have significant potential for sediment hosted Au mineralisation. Topla exploration area falls within Timok volcanic belt between Bor Cu-deposits on west and Cu-Au prospects of Deli Jovan on NE.

     News:

    July 05, 2016: Mundoro Commences Drill Program on Jogmec-Mundoro JV Serbian Properties

    March 07, 2016: Mundoro and Jogmec Sign Agreement for Exploration of Serbian Timok Projects

    October 21, 2013: Mundoro Reports on Scout Drilling Program in Serbia

    April 15, 2013: Mundoro Announces NI 43-101 Report for Borsko Jezero Copper-Gold Property in Serbia

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

    December 14, 2012: Mundoro Receives Approval for Two Additional Exploration Licenses

    November 12, 2012: Mundoro Provides Update on Serbia Exploration Programs and Commences Geophysics

    July 18, 2012: Mundoro Announces Strategic Investment and Update on Serbia Exploration Program

    June 26, 2012: Mundoro Receives Sixth Serbia Exploration License and Initiates Field Exploration Program

     

    Dubrava-Ostrelj

     Target:

    Sediment Hosted Gold, Porphyry Copper-Gold and Epithermal Au deposits

     Location:

    Dubrava-Ostrelj license area wraps around the Bor Mine Complex and is 3.5km from the Cukaru-Peki Deposit in the highly prospective, world class TMC.

     Area:

    5097 hectares (51 square kilometers)

     Minerals:

    Gold, copper, molybdenum

     Ownership:

    100% (through Stara Planina)

     Overview:

    Greenfields exploration; the license was awarded in April 2013.

    Dubrava-Ostrelj license area wraps around the Bor Mine Complex and is 3.5km from the Timok Joint Venture Project in the highly prospective, world class Timok Magmatic Complex. The license area geology is made up of Upper Cretaceous subduction-related magmatic rocks which are the host rocks of the world class Bor and Majdanpek deposits.

     News:

    July 05, 2016: Mundoro Commences Drill Program on Jogmec-Mundoro JV Serbian Properties

    March 07, 2016: Mundoro and Jogmec Sign Agreement for Exploration of Serbian Timok Projects

    December 3, 2013: Mundoro Provides Progress on Exploration Programs and Reports $0.28 per Share Cash Value at End of Q3-2013

    October 21, 2013: Mundoro Reports on Scout Drilling Program in Serbia

    April 15, 2013: Mundoro Announces NI 43-101 Report for Borsko Jezero Copper-Gold Property in Serbia

    April 4, 2013: Mundoro Continues to Consolidate Land Position Surrounding Bor Mine

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

     

    Savinac

     Target:

    Porphyry Copper-Gold and Epithermal Au deposits

     Location:

    The Savinac license area is located in Northeastern Serbia, Boljevac Municipality, 160 km southeast of Belgrade and 15km southwest of Bor Mine Complex

     Area:

    9,041 hectares (90 square kilometers)

     Minerals:

    Gold, copper, molybdenum, silver

     Ownership:

    100% (through Stara Planina)

     Overview:

    Greenfields and brown field exploration; re-interpretation and targeting of regional airborne and gravity geophysical data have been completed along with data compilation, re-analysis and interpretation of existing maps and historical drill data.

    Mundoro's Savinac property is part of the four contiguous licenses in the southern portion of  the Timok Magmatic Complex which is part of the prominent Tethyan Metallogenic Belt, host to world-class porphyry and epithermal Cu-Au deposits.  The property contains a significant area of strong alteration in an elongated belt of 9.5km x 1.5km.  There are several epithermal Cu-Au prospects marked by Cu-Mo-Ag-Pb-Zn with geochemical anomalies present.

    As part of Timok Magmatic Complex Mundoro’s Savinac property has been subject of past exploration and mining activities. Main exploration activities took place from 1953 till 1987 performed by Bor Copper Institute and Geological Survey of Serbia. Following exploration activities have been completed:

    • Regional 1:100,000; 1:50,000 and selective detailed 1:10,000 scales mapping.

    • Geochemical surveys (soil, rock).

    • Geophysical surveys (Ground magnetics, IP and Resistivity).

    • Drilling of 43 diamond drill holes at Savinac (34) and Markov Kamen (9) Cu-Au prospects.

    • Several exploration adits.

    The Savinac area represents most southern part of Bor metallogenic unit. Upper Cretaceous volcano-sedimentary rocks cover 90% of the area with the remaining 10% represented by Miocene and Neogene sedimentary cover rocks. Prospective 1st phase volcanic rocks, which host Bor deposits, have been mapped within the area.

    The Savinac license area is a host to several known Cu-Au occurrences previously discovered and which will be re-evaluated and explored by modern methods by Mundoro’s exploration team.

    The Savinac license falls within the southern part of Timok Magmatic Complex sharing favorable structural and geologic settings on a parallel belt to the one hosting Bor, Majdanpek and Veliki Krivelj Cu-Au porphyry and epithermal deposits.

    The license is nearby the Nevsun/Freeport-McMoRan Cukaru Peki discovery.

    The southern Savinac area is a hosts two Cu-Au prospects (Savinac and Markov Kamen) which are located within a hydrothermally altered zone 8.5X2.2km in size. Intense silicification (hydroquartzite), phyllic and argillic are the main alteration types reported and mapped along the zone. Partly strong and intense pyritization with chorite-epidote is also reported. Covellite-chalcopyrite mineralisation has been identified in association with the strong pyritization. Although quite leached, the hydrothermally altered zone is marked by Cu (>500ppm)-Mo (>10ppm)-Ag (>50ppm) + (Pb-Zn) soil anomalies throughout.

    Historical exploration drilling, which was carried out until 1982 did not systematically sample the entire core. Samples were collected at 1m only if visible mineralization was present. The remaining core was sampled at 5 or 10-20m intervals, resulting in anomalous but generally low Cu-Au. Au was assayed in several drill holes only. At Markov Kammen 5m interval returned 2.45% Cu and 0.4ppm Au. Several short intervals with up to 1 ppm Au and >50 ppm Ag are also reported from other drill holes.

    The special location of the permit area suggests significant potential for discovery of Cu-Au porphyry and epithermal mineralized systems.

     NEWS:

    December 18, 2015: Mundoro Reports Update on Serbian Properties and 2016 Budget

    December 07, 2015: Mundoro Announces Results from Drilling Program on Serbian Properties

    November 03, 2015: Mundoro Announces Completion of 5000 Meters Drilling by FQM on Serbian Properties

    July 16, 2015: Mundoro Announces Drilling Commences at Serbian Properties

    January 18, 2015: Mundoro and First Quantum Enter an Option Agreement for the Exploration of Serbian Properties

    August 19, 2014: Mundoro Announces Drilling Results From Tilva Rosh Prospect in Serbia

    July 14, 2014: Mundoro Provides Update on Serbia Drilling and Announces Closing of Acquistion of New Copper Gold Licence

    June 30, 2014: Mundoro Initiates Drilling at Tilva Rosh Prospect in Savinac Licence, Serbia

    May 01, 2014: Mundoro Provides Exploration Program Update for Serbia

    January 13, 2014: Mundoro's Trenching at Savinac License Continues to Yield Results

    December 3, 2013: Mundoro Provides Progress on Exploration Programs and Reports $0.28 per Share Cash Value at End of Q3-2013

    September 3, 2013: Mundoro's Trench Sampling Yields 12 Metres Grading 30.39 g/t Gold and 171.27 g/t Silver at its Savinac License

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

    November 29, 2012: Mundoro Receives Two Additional Exploration Licenses in Serbia & Appoints Investor Relations Firm

     

    Bacevica

     Target:

    Porphyry Copper-Gold and Epithermal Au deposits.

     Location:

    The Bacevica license area is located in Northeastern Serbia (Boljevac and Bor Municipalities), 160km SE of Belgrade and 60 km southwest of the Bor Mine Complex

     Area:

    14,841 hectares (148 square kilometers)

     Minerals:

    Gold, Copper, Silver

     Ownership:

    100% (through Stara Planina)

     Overview:

    Greenfields and brownfields exploration; Reconnaissance field trips have been conducted where rock samples were collected, confirming the historical anomalous results. A soil sampling program has been completed and a stream sediment sampling program is underway. Based on first phase exploration results, the Company will follow up on the generated targets with exploration drilling.

     The following exploration activities have been completed:

    • Regional 1:100,000; 1:50,000 and selective detailed 1:10,000 scales mapping.
    • Geochemical surveys (soil, rock).
    • Geophysical surveys (Ground magnetics, IP and Resistivity).
    • Several exploration adits.

     News:

    December 18, 2015: Mundoro Reports Update on Serbian Properties and 2016 Budget

    December 07, 2015: Mundoro Announces Results from Drilling Program on Serbian Properties

    November 03, 2015: Mundoro Announces Completion of 5000 Meters Drilling by FQM on Serbian Properties

    July 16, 2015: Mundoro Announces Drilling Commences at Serbian Properties

    January 18, 2015: Mundoro and First Quantum Enter an Option Agreement for the Exploration of Serbian Properties

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

    November 29, 2012: Mundoro Receives Two Additional Exploration Licenses in Serbia & Appoints Investor Relations Firm

     

    Osnic

     Target:

    Porphyry Copper-Gold and Epithermal deposits

     Location:

    The Osnic license area is located in Northeastern Serbia, in the Boljevac and Zajecar Municipalities, 170km SE of Belgrade and 20km south of Bor Mine Complex

     Area:

    7,423 hectares (74 square kilometers)

     Minerals:

    Gold, copper, silver.

     Ownership:

    100% (through Stara Planina)

     Overview:

    Greenfields exploration; Assembly of topography, satellite imagery, historic airborne magnetics, and gravity geophysics and geology data is underway along with stream sediment sampling. In 2013, the Company compiled all available data to re-analyze and re-interpret and follow up with rock chip sampling, mapping and soil sampling. 

    The property has excellent infrastructure and easy access to major power lines. The permit area is accessed by regional asphalt roads between Bor and Zajecar and well developed unsealed forestry roads. There is a railway from Bor to Belgrade with an industrial railway station near Bor smelter just 2km east of the license.

    The area is mining friendly with abundant skilled labour. It is nearby major Bor Cu-Au operations.

    Directly east of the Savinac license, Osnic and is part of the four contiguous licenses in the southern portion of the TMC, south of the world class Bor Cu deposits (Borska reka, Krivelj, Cerovo). Mining activities reach back to ancient times as evidenced by traces of Roman mining artifacts identified in the vicinity of Bor area.

    The discovery of Au mineralization at Deli Jovan mountain (1888, Glogovica) encouraged a more comprehensive approach to geological and mining exploration, which led to the discovery of the Bor mines in 1902. With the discovery of the mines there was a period of intensive study of the Timok area related to copper mineralization. As a result, several mines in the area were opened, and some of them are still in production today (Bor, Krivelj).

    The Osnic license falls within the main zone of Timok Magmatic Complex sharing favorable structural and geologic setting with jaunt Bor, Majdanpek and Veliki Krivelj Cu-Au porphyry and epithermal deposits.

    The newly acquired property has the potential to host deep Cu-Au porphyry and epithermal deposits.

     News:

    December 18, 2015: Mundoro Reports Update on Serbian Properties and 2016 Budget

    December 07, 2015: Mundoro Announces Results from Drilling Program on Serbian Properties

    November 03, 2015: Mundoro Announces Completion of 5000 Meters Drilling by FQM on Serbian Properties

    July 16, 2015: Mundoro Announces Drilling Commences at Serbian Properties

    January 18, 2015: Mundoro and First Quantum Enter an Option Agreement for the Exploration of Serbian Properties

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

     

    Sumrakovac

     Target:

    Porphyry Copper-Gold deposits

     Location:

    The Sumrakovac license area is located in northeast Serbia (Boljevac and Bor Municipalities), 140km southeast of Belgrade and 5km southwest of the Bor Mine Complex

     Area:

    10,300 hectares (103 square kilometers)

     Minerals:

    Gold, copper, silver

     Ownership:

    100% (through Stara Planina)

     Overview:

    The Sumrakovac license falls within the southern part of Timok Magmatic Complex and shares favorable structural and geologic settings along a parallel belt to the one hosting Bor, Majdanpek and Veliki Krivelj Cu-Au porphyry and epithermal deposits.

    The license is located just south of the well-known Tilva Njagra deposit and north of Mundoro's perspective Savinac license. To the east, Sumrakovac borders Reservoir Minerals' license, which recently reported 160 m grading 10.16% Cu equivalent from diamond drilling with JV partner Freeport-McMoRan.

    The northern Sumrakovac area is a host to several Cu-Au prospects which are located within hydrothermally altered zones.

    The special location of the permit area suggests significant potential for discovery of Cu-Au porphyry and epithermal mineralized systems.

    The dominant geologic units are hydrothermally altered volcanic rocks of the second phase (basaltic-andesite association), pyroclastic rocks of andesite composition, then volcano-sedimentary rocks (pelite, tuff, tuffite) and more intrusive bodies of quartz-latite and diorite composition. The Paleo-caldera is filled with lithologically different magmatic and volcano-sedimentary rocks (pelite, tuff and tuffite). In the deeper parts of the field, skarn is observed.

     News:

    December 18, 2015: Mundoro Reports Update on Serbian Properties and 2016 Budget

    December 07, 2015: Mundoro Announces Results from Drilling Program on Serbian Properties

    November 03, 2015: Mundoro Announces Completion of 5000 Meters Drilling by FQM on Serbian Properties

    July 16, 2015: Mundoro Announces Drilling Commences at Serbian Properties

    January 18, 2015: Mundoro and First Quantum Enter an Option Agreement for the Exploration of Serbian Properties

    May 01, 2014: Mundoro Provides Exploration Program Update for Serbia

    January 13, 2014: Mundoro's Trenching at Savinac License Continues to Yield Results

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

     

    Zeleznik

     Target:

    Sediment-Hosted Gold, Porphyry Copper-Gold and Epithermal Gold deposits.

     Location:

    The Zeleznik license area is located in the Kucevo and Majdanpek Municipalities in Northeastern Serbia, 160km SE of Belgrade, 5 km north of Majdanpek and 45 km NW of Bor smelter-refinery.

     Area:

    6,026 hectares (60 square kilometers)

     Minerals:

    Gold, copper, silver, tungsten, molybdenum, iron

     Ownership:

    100% (through Stara Planina)

     Status:

    The Company has completed data compilation, re-interpretation of historical geophysical airborne and magnetic and gravity data and stream sediment sampling. It has followed up with geological prospecting, testing stream sediment anomalies and rock geochemical sampling. 

    The property has excellent infrastructure and easy access to major power lines. The permit area is accessed by regional asphalt roads between Bor, Majdanpek and Kucevo, and well developed unsealed forestry roads. There is a railway from Bor to Belgrade through Majdanpek and Pozarevac. River Danube (Corridor VII) is about 20 km from the exploration area.

    The area is mining friendly with abundant skilled labour. It is nearby major Cu-Au operations.

    The property is located within the historical Timok Magmatic Complex (TMC), part of the prominent Tethyan Metallogenic Belt, and host to world class porphyry and epithermal Cu-Au deposits. The TMC comprises the Bor high-sulfidation epithermal deposit and the giant copper-gold porphyry systems at Veliki Krivelj, Majdanpek and Borska Reka. Mundoro's Zeleznik property lays north of the world class Majdanpek Cu porphyry deposit (1000 Mt @ 0.4-0.8 %Cu; 0.25-1.0 ppm Au).

    The property has a long history of exploration and mining, dating back to Roman times, which has been demonstrated by the discovery of slag, mining tools and pits. Mining within the Majdanpek area was also recorded during the Ottoman Empire (middle of the 16th century). The first recorded exploration reports date back to 1836. Exploration activities resumed during the 1950's, and resulted in the opening of the Majdanpek mine in 1961.

    Zeleznik area belongs to the northern part of the Neresnica-Beljanica zone and the Bor metallogenic zone. It was subject to regional geochemical investigation, with prospecting for gold and copper during the 1970's.

    Recently discovered sediment-hosted Au mineralization at the Korkan (140m @ 2.67 g/t Au) and Bigar Hill (148m @ 1.74 g/t Au) prospects, which are near to Avala's permits, highlight unlocked new potential within the Triassic and Jurassic sediments intruded by the Timok Magmatic Complex.

    The special relationship between these mineralization styles suggests the permit area might be part of successively westward migrating belts across the Timok volcanic belt and that they represent temporally distinct events.

    The Zeleznik exploration area falls within the recently discovered sediment-hosted Au belt and is in the vicinity of the world class Majdanpek Cu deposit.

     News:

    August 16, 2016: Mundoro Identifies New Gold Targets on Zeleznik Property in Serbia

    July 05, 2016: Mundoro Commences Drill Program on Jogmec-Mundoro JV Serbian Properties

    March 07, 2016: Mundoro and Jogmec Sign Agreement for Exploration of Serbian Timok Projects

    January 12, 2015: Mundoro Extends Copper Mineralization Drill Program at Zeleznik Property, Serbia

    November 20, 2014: Mundoro Commences First Drilling on Zeleznik Property in Serbia

    May 01, 2014: Mundoro Provides Exploration Program Update for Serbia

    January 13, 2014: Mundoro's Trenching at Savinac License Continues to Yield Results

    December 3, 2013: Mundoro Provides Progress on Exploration Programs and Reports $0.28 per Share Cash Value at End of Q3-2013

    March 6, 2013: Mundoro 2012 Year End Financial Results & Corporate Update

    December 14, 2012: Mundoro Receives Approval for Two Additional Exploration Licenses

    November 12, 2012: Mundoro Provides Update on Serbia Exploration Programs and Commences Geophysics

    August 27, 2012: Mundoro Announces Q2 2012 Financials and Update on Exploration in Serbia and Mexico

    July 18, 2012: Mundoro Announces Strategic Investment and Update on Serbia Exploration Program

    May 15, 2012: Mundoro Capital Inc. Announces Approval of Two Additional Exploration Licenses in Serbia and Reports on First Quarter 2012

    April 5, 2012: Mundoro Advances Tethyan Belt Strategy with Approval of Exploration Licenses in Serbia