Category: Equity investments
In 2013 Mundoro Capital Inc invested in a Bulgarian gold mine, located in the Eastern Rhodope region – the Chala mine, which is owned and operated by a private Bulgarian company – Gorubso Kyrdjali AD.
The Chala mine is located in the Spahievo orefield, part of the Dragoyna volcano, structurally connected to the Mechkovets strike-slip fault. The gold mineralization is hosted in quartz – polymetallic veins forming vertical ore shoots and lens-like bodies with Au content up to 200 g/t.
The ore minerals paragenesis comprises of chalcopyrite, galena, specularite, sphalerite and pyrite, native gold.
The deposit has been explored by a Bulgarian government exploration company in the period 1960 – 1998. The Chala deposit is in exploitation by the private company Goruso Kyrdjali AD since 2005.*
Gold reserves and resources in the Chala deposit, according to Gorubso Kardjali AD report
| Category of reserves | Reserves, t | Content g/t | Metals, t | ||
| Ag | Au | Ag | Au | ||
| 111 | 406403 | 3.24 | 9.7 | 1.318 | 3.941 |
| 121 | 757434 | 4.52 | 8.81 | 3.42 | 6.67 |
| Total | 1163837 | 4.07 | 9.12 | 4.738 | 10.611 |
| 331 | 303764 | 2.15 | 12.57 | 0.65 | 3.82 |
| Total | 1467601 | 3.67 | 9.83 | 5.338 | 14.431 |
*Sources: The Gold Deposits in Bulgaria, V. Milev et. Al 2006;
