Vancouver, British Columbia–(Newsfile Corp. – April 18, 2024) – Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) (“Mundoro” or the “Company”) is pleased to announce results from the inaugural drilling at the Dos Cabezas Project (“Project”), in Cochise County, Arizona. As of April 12, 2024, Mundoro holds 100% of the Project.Teo Dechev, CEO and President commented “Mundoro is pleased with the initial drilling results from the Dos Cabezas Project. The first phase of drilling tested four target areas, with scout drill holes in each target. In two of the target areas: Mineral Park and Mescal Canyon, these holes aimed to investigate the presence of a porphyry system, suggested by surface geochemistry, alteration, and veining. Both holes confirmed mineralization, supporting the potential for a porphyry-style system and indicating the need for further drilling. Mundoro is progressing in discussions with external parties to potentially option the Project.”Project LocationThe Dos Cabezas Project is located in SE Arizona, approximately 150 km east of the city of Tucson, within the prospective Laramide magmatic arc portion of the Southwestern USA cordilleran porphyry belt. The Dos Cabezas Project is surrounded by known porphyry districts, including Safford and Morenci to the north, and Tyrone to the east.Dos Cabezas Drill Program OverviewExploration to date has identified three target areas with outcropping alteration and mineralisation potentially associated with Laramide age porphyry copper systems: Mescal Canyon, Mineral Park, and Casey Copper Canyon targets. An additional two undercover target areas were identified: Northwest Pediments target and SouthEast Pediments target, along the apparent WNW trend of the Apache Pass Fault Zone which was interpreted to extend below the shallow pediments (Figure 1).In the fourth quarter of 2023, two drill holes were successfully completed at the project (Figure 2). The first hole, targeting the Mineral Park area, reached a depth of 598 meters and encountered Cu-Au-Mo mineralization. The second hole, in the Mescal Canyon area, reached a depth of 743.7 meters and intercepted multiple zones of anomalous Cu-Mo-Ag mineralization and logged alteration and veining.At Casey Copper Canyon, the company has a permitt …
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