January 24, 2024 Vancouver, BC – Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) (“Mundoro” or the “Company“) is pleased to provide an update on the Company’s activities in the exploration portfolio in Q4-2023 and highlights from the portfolio in 2023.

2023 Portfolio Highlights

Nine (9) active projects currently under option and one partner-funded generative alliance.
Expanded our group of partners to four (4) major mining companies.
Partner funded, Mundoro operated, nine (9) prospects drill tested, totaling 13,325 meters and an additional two (2) prospects to be tested with 1000 meters of drilling between January and February 2024.
Successfully deployed eleven (11) geophysical surveys in: Serbia, three (3) gravity surveys, four (4) passive seismic surveys, and one (1) ground magnetics survey; Bulgaria, one (1) magnetotellurics survey; and USA, one (1) gravity survey and one (1) drone magnetics survey.
Q4-2023 Portfolio Updates

Vale Base Metals-Mundoro Projects, Serbia

Completion of Phase II Drill Program at Markov Kamen South. In Q4-2023 a Phase II Drill program was completed to follow up on potential extensions to mineralization intersected during previous drilling campaigns. The program drilled 738.4 meters in a single drill hole. Assay results are expected in Q1-2024.
Completion of Phase II Drill Program at Bacevica North. In Q4-2023 a Phase II drilling program was completed to follow up areas of interest identified with geochemistry and geophysics. The program drilled 1022.1 meters in a single drill hole. Assay results are expected in Q1-2024.
Completion of Phase II Drill Program at Branik. In Q4-2023 a Phase II drilling program was completed to follow up on copper mineralisation intersected in previous drilling in 2013. The program drilled 753.3 meters in four drill holes. Assay results are expected in Q1-2024.
Advancing Exploration for Upcoming Drill Programs:In Q4-2023 a passive seismic geophysical survey was completed over a target area between two known lithocap areas identified as the Skorusa Corridor, with geophysical interpretation expected in Q1-2024. The Company completed an extensive target review process for all the Vale Base Metals (VBM) – Mundoro (MUN) projects at the end of 2023 which identified target areas of focus for the next phase of exploration.
Figure 1: Overview map of the VBM-MUN exploration licenses with exploration targets and 2023 drill hole locations over the surface geology.
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https://mundoro.com/news/2024/01/1106/