Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") announces
the filing of the Company's financial results for the quarter ended June 30,
2012. The highlights provided in this release should be read in conjunction with
the Company's quarterly financial statements and Management Discussion and
Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are
in U.S. dollars unless otherwise stated.


The Company's loss for the six months ended June 30, 2012 was $1,926,078 ($0.05
per share) compared to a loss of $1,237,645 ($0.03 per share) for the six months
ended June 30, 2011 which included a loss from discontinued operations of
$198,300. The loss for the first six months of 2012 was principally attributable
to the following: expenditures on project exploration and evaluation of
$1,032,029 in 2012 compared to $287,550 in 2011; and, expenditures for corporate
expenses of $671,628 compared to $348,080 in 2011. The non-cash items were:
foreign exchange gain of $56,750 compared to a loss of $441,882 in 2011;
share-based payment expense of $68,054 compared to $4,900 in 2011; and,
depreciation of $7,822 compared to $Nil in 2011. The Company maintains a low
share count of 37.9 million shares and at June 30, 2012 held $7.5 million in
cash and cash equivalents with a further $9.8 million in short-term investments.


Mundoro's CEO & President, Teo Dechev added: "Mundoro is well positioned to
execute on its exploration and development strategy in South Eastern Europe and
Mexico with a strong team, quality properties in proven mineral belts, a
strategic alliance with a well-respected mining investor and the capital
necessary to funds these properties. The Company continues to be cash conscious
and cost effective in its approach to exploration and development
opportunities."


Serbia Exploration Program Update

During the quarter, the Company, through its wholly-owned subsidiary, Stara
Planina Resources EAD ("SPR"), received approval from the Serbian government for
an additional mineral exploration license in the Republic of Serbia ("Serbia"):
Topla. The Company now has seven mineral exploration licenses, held 100% by SPR,
and has an additional application with the Ministry of Environment, Mining and
Spatial Planning. The seven license areas are a total of 499 square kilometres
(49,900 hectares) and are located in northeastern Serbia approximately 100
kilometres east of Belgrade.


Stream sediment sampling was completed over the first five license areas (Rakova
Bara, Glozana, Osanica Bukovska and Zeleznik) and returned encouraging anomalous
Au results. Two areas one in Zeleznik 6 km X 2 km and one in Glozana 4.5 km X 3
km returned continuous anomalies from 20 to 378 ppb Au (See Figure 1, available
at the following link: http://media3.marketwire.com/docs/0827mun.pdf). Both
areas are northern and southern continuation of the known Blagojev Kamen ore
field which represents a 10 km long Au bearing trend. With the current results,
the gold bearing trend is traced for over 17 km by 2-4 km wide.


Blagojev Kamen zone is located between two magmatic complexes - Timok to the
East and Neresnica granitoid to the West. Greenrocks of the zone emplace all
significant gold and tungsten deposits of Blagojev Kamen ore field. Gold has
been mined in Blagojev Kamen since 1900; however traces in upper auriferous
quartz veins indicate a much earlier exploitation. Mineralized quartz veins,
contain pyrite, galena, sphalerite, chalcopyrite, and pyrrhotite. Gold is
native, partly in sulphides as well. The stockwork-impregnated gold is a
specific morph-structural type of gold mineralization, formed in plagiogranites
of the Grabova reka where it averages 3 g/t. Common occurrences are single veins
or systems of parallel veins in faults zones, varying in size and steeply
dipping. Ore emplacements have lengths and thicknesses varied in strike and dip,
often wedging out, and non-uniform in ore distribution, from 2 to 150 g/t, or
8-25 g/t Au on average. The longest ore veins discovered to date are up to 200 m
in strike and up to 150 m in width. Veins are generally not exceeding 1 m in
thickness, though some reach 2.5 m or more in local lenticular bodies.


The company is planning a follow-up exploration program over the gold anomalous
areas at the Zeleznik and Glozana licenses while stream sediment sampling is
underway over Borsko Jezero and Topla areas along with rock sampling over known
mineralization at these areas.


Mexico Exploration Program Update

During the quarter, the Company conducted reconnaissance geological, geochemical
and geophysical programs with the objective to define drill targets. Mundoro's
systematic exploration program has identified a drill target at the Camargo
concession. The Camargo concession is located 480 kilometers north of Durango
City and covers 22,100 hectares. This property lies within the Sierra and
Llanuras del Norte physiographic province. This province is made up of Tertiary
volcanic, intrusive and Cretaceous, Tertiary and Quaternary sedimentary rocks.
Work completed on the Camargo concession includes: 'Aster' alteration imagery
(property wide), geochemical surveys (rock-60 samples; stream sediment-32),
geophysical surveys (Induced polarization-21.5 line kilometers; Ground
magnetic-35.8 line kilometers) and geological mapping (1: 10, 000 Scale-
approximately 5000 hectares). Drilling permit is underway with the expectation
of drilling program to commence in Q4-2012.


Subsequent to the quarter, the Company executed, through its 100%-owned
subsidiary Mundoro de Mexico S.A de C.V, a definitive option agreement for the
Centauro Gold Property ("Centauro") located in Chihuahua State, Mexico. The
Centauro Property is located in the Sierra Madre Occidental, in southern portion
of Chihuahua State, Mexico, about 280 km south of Chihuahua City. It consists of
9 easily accessed, adjacent exploration licenses covering 33.1 sqkm. Centauro's
area of interest is a series of gently rolling hills, covering 2.5 km by 1.5 km,
about 100 meters to 200 meters above the surrounding flat plain. The Centauro
Property is believed to be a high level epithermal environment. Detailed work
will be conducted on the Property in order to define the epithermal model and
localize the feeders and plumbing system that could lead to better gold
intersections at depth. Mundoro will conduct an exploration program in the
second half of this year in preparation for a deep drilling program in the first
half of 2013. This year's field program will include but not limited to:
detailed geological mapping and sampling on traverses on at least 100 meters
spacing, re-logging of drill core to focus on alteration and structural
features, establishing the andesite- conglomerate contact attitude, TerraSpec
analysis of surface samples and the drill core, trenching and compilation, and
re-interpretation of all available data.


On behalf of the Company, 

Teo Dechev, Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a Canadian based company which operates as a mineral acquisition,
exploration, development and investment company. The Company's target areas are
the Tethyan belt in South Eastern Europe and the Mesa Central Belt in
Northwestern Mexico, both of which are prolific mineral belts the Company
believes have strong exploration and development potential. The Company
maintains an interest in the Maoling Gold Project through its 5% interest in
Mundoro Mining Inc.


Technical Information

For the Maoling Gold Project, the Pre-Feasibility Study("PFS") described herein
was prepared to broadly quantify the Maoling Zone 1 deposit's capital and
operating cost parameters, and to further the development of the project. It was
not prepared for use as a valuation of the deposits, nor should it be considered
to be a final feasibility study. The information contained in the PFS reflects
various technical and economic conditions at the time of writing that can change
significantly over relatively short periods of time. Reserves quoted were
prepared by AMEC Americas Ltd. under the direction and oversight of Mr. Mark
Pearson P.Eng. of Vancouver, BC, an 'Independent Qualified Person' as defined by
National Instrument 43-101. Resource estimation for the Zone 1 area in 2006 was
carried out in the Brisbane, Australia office of Golder Associates Pty Limited,
an international earth sciences consulting group under the direction and
oversight of Dr. Andrew Richmond, MAusIMM, an 'Independent Qualified Person' as
defined by NI43-101. The Zone 4 Resource Estimate (2001) was prepared by AMEC
Americas and is reviewed in a technical report prepared by Peter Lewis, Ph.D.,
P.Geo.


For the Cuencame Property, the Technical Report was prepared by Alain-Jean
Beauregard, P. Geol., FGAC, AEMQ, an 'Independent Qualified Person' as defined
by National Instrument 43-101, and an employee of Geologica GroupeConseil Inc.,
who consented to the filing of the Technical Report prepared for Mundoro Capital
Inc. titled "NI 43-101 Technical Evaluation Report on the Cuencame Concessions",
dated September 20, 2011 with the securities regulatory authorities.


NI43-101 compliant technical reports for the pre-feasibility study and all
reserve and resource estimates have been filed on the SEDAR website at
www.sedar.com.


Caution Concerning Forward-Looking Statements

Information included, attached to or incorporated by reference into this News
Release may contain forward looking statements. All statements, other than
statements of historical fact, included or incorporated by reference in this
News Release are forward-looking statements, including, without limitation,
statements regarding activities, events or developments that the Board expects
or anticipates may occur in the future. These 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. The material assumptions that were applied in
making the forward looking statements in this News Release include expectations
as to the Company's future strategy and business plan and execution of the
Company's existing plans. There can be no assurance that the plans, intentions
or expectations upon which these forward-looking statements are based will
occur. We caution readers of this News Release not to place undue reliance on
forward looking statements contained in this News Release, which are not a
guarantee of performance and 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, 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 to reflect new information, subsequent events or
otherwise, 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.


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