Rohstoffthread / CCG-Hauptthread

[greenhorn]

FMV

October 13, 2016 07:00 ET
First Majestic Achieves New Record in Silver Production; Produces 4.5 Million Silver Eqv. Ounces in Third Quarter

http://www.marketwired.com/press-re...-million-silver-eqv-frankfurt-fmv-2166212.htm

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 13, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) is pleased to announce that total production in the third quarter of 2016 from its six operating silver mines reached 4.5 million silver equivalent ounces. Total production consisted of 3.1 million ounces of silver, 14,452 ounces of gold, 8.0 million pounds of lead and 1.5 million pounds of zinc.

"Higher silver grades, throughput rates and recoveries propelled silver production to a new Company record of over 3.1 million ounces during the quarter," said Keith Neumeyer, President & CEO. "We saw significant grade improvements, particularly at Santa Elena, La Guitarra and San Martin, as a result of improved mine sequencing and dilution control. Due to the improved operational cash flows, we've significantly expanded our exploration programs resulting in 19 drill rigs currently active on our properties which will allow us to release updated Reserve and Resource estimates for Del Toro, La Parrilla and San Martin in the first quarter of 2017. At La Encantada, detailed engineering has been completed and furnace manufacturing has started for the construction of our new roasting circuit planned for final completion in the fourth quarter of 2017."

 

[greenhorn]

TV -

October 13, 2016 08:48 ET
Trevali Reports Q3-2016 Production of 32.4 Million Lbs Zinc, 9.7 Million Lbs Lead and 362,776 Ounces of Silver

http://www.marketwired.com/press-re...ion-lbs-lead-362776-ounces-tsx-tv-2166271.htm

Record Quarterly Zinc Production from Santander

 

[greenhorn]

October 13, 2016 09:29 ET
Nemaska Lithium Reports Drill Results to Date on Whabouchi Lithium Project
http://www.marketwired.com/press-re...whabouchi-lithium-project-tsx-nmx-2166328.htm

QUEBEC CITY, QUEBEC--(Marketwired - Oct. 13, 2016) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTC:NMKEF) is pleased to provide an update on the assay results received to date from the previously announced definition drilling campaign for its Whabouchi lithium project. The 50 drill holes (17,400m) program was concluded on September 16, 2016. A total of 3,908 drill holes samples (3,897m) were taken from the different Spodumene bearing pegmatites intervals encountered during the drilling campaign.

So far, the assay results received cover 70% (19 holes on a total of 27 holes) of the 2016 drilling conducted between sections 05+00E and 14+50E (see Figure plan map).

The drilling assays currently available enable Nemaska Lithium to confirm the successful completion of the objectives stated at the beginning of the program:

The potential conversion of 4.69 Mt of inferred resources, inside pit design is well underway. 70% of the drill holes assays were received East of section 05+00E and all the results confirm the continuity of the mineralization inside the limits of the optimized resources pit shell (see section 07+50E and 09+75E);

The current results also indicate the potential to increase the level of confidence of mineral resources between 0 m and 200 m vertical from the surface, East of section 05+50E. All the assays currently received demonstrate the continuity of the mineralized dykes down to 200m and in some cases even down to 300m below the surface (see section 12+00E and 13+00E);

At the moment, no assay results for the deep extension holes have been received. The lithological observations confirm the continuity of the longitudinal zone of mineral resources down to 500 m vertical depth on all the sections West of section 12+50E.

No assay results have been received yet for the new Doris zone, which has been discovered to the southeast of the main zone.

"This drill program is accretive to our existing mineral resources. Objectives 1 and 2 of the drilling program above were designed to increase our resources/reserves in the future open pit mine. Drill results reported to date have accomplished this. By upgrading the inferred resource we will now be able to include material previously calculated as waste rock as mineralized material. Likewise the expansion of the mineralized zone down to 300 m will allow us to add additional material to our resource. I am keen to see the results from the Doris zone as this has the potential to increase the size of the pit shell. Ultimately this drill program has been a complete success and I believe our goals of lowering our already low cost of concentrate while increasing the mine life and mine production rate are achievable," commented Guy Bourassa, President and CEO of Nemaska Lithium.

 

[Rooky]

Inca One

 

[greenhorn]

Guten Morgen!

bin die nächste Woche im Urlaub........falls jemand fragt

14:30 - ! US Erzeugerpreisindex September
• 16:00 - ! US Lagerbestände August

 

[Ollinho]

:D

Moin....

greenhorn schrieb am 14.10.2016, 09:03 Uhr[/url]"] Guten Morgen!

bin die nächste Woche im Urlaub........falls jemand fragt

 

[dukezero]

Drehwurm? FR

 

[greenhorn]

könnte sich langsam ausbilden

dukezero schrieb am 14.10.2016, 09:18 Uhr[/url]"]Drehwurm? FR


» zur Grafik

 

[Kostolanys Erbe]

VLE!!!

Valeura enters definitive Turkish deals



2016-10-13 16:47 ET - News Release


Mr. Jim McFarland reports

VALEURA ANNOUNCES EXECUTION OF TRANSFORMATIONAL TRANSACTION AGREEMENTS IN TURKEY AND UNDERWRITTEN PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS

Valeura Energy Inc. has executed definitive agreements for three concurrent transactions, which advance the corporation's strategy to expand its high-netback natural gas business in the Thrace basin of northwest Turkey. These transactions, upon completion, are expected to be transformational for Valeura in terms of increased business scale, operational control, financial capability, drilling activity and production, and include:

Acquisition of its joint venture partner, Thrace Basin Natural Gas (Turkiye) Corp. (TBNG), for $22-million (U.S.) in cash, effective March 31, 2016, which after closing adjustments are expected to be reduced to approximately $18.5-million (U.S.) at closing;
Sale of deep rights on certain joint venture lands to Statoil Banarli Turkey BV for $15-million (U.S.) in two tranches of $12-million (U.S.) and $3-million (U.S.);
Underwritten $7.5-million private placement financing of subscription receipts of the corporation, to be issued at a price of 75 cents per subscription receipt (see financing of the TBNG acquisition section herein).


..........

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVLE-2412710&symbol=VLE&region=C

 

[dukezero]

NMX

 

[Fischlaender]

KSK Bohrung auf Copper Joe war eine Niete. Der Kurs ist an und fuer sich komplett durch Cash und Beteiligungen gedeckt, aber da kann es doch einen Rutsch geben heute...

 

[dukezero]

UBS

 

[The Bull]

Also evtl.nochmals nachlegen um meinen EK zu drücken...bin da auch schon 50 %im minus....

Wie seht ihr da die Zukunft????

Fischlaender schrieb am 14.10.2016, 12:17 Uhr[/url]"]KSK Bohrung auf Copper Joe war eine Niete. Der Kurs ist an und fuer sich komplett durch Cash und Beteiligungen gedeckt, aber da kann es doch einen Rutsch geben heute...

 

[Fischlaender]

Ich seh die Zukunft da mittelfristig. Solange keine einschneidenden News über den NSR-Streit mit SAS kommen passiert bis ins Frühjahr hinein erstmal nix.

Ich hab beim Management angeregt ein Aktienrückkaufprogramm aufzulegen, wäre ein Zeichen und kostet beim momentanen Kurs max 250-300k CAD und die haben die in der Portokasse. Weiter hab ich angeregt, dass die nicht nur in den saisonabhängigen Gegenden Prospect Generation betreiben, sondern auch in ganzjährig zugänglichen Regionen wie Ontario, Quebeck, Nevada etc. (wenn man sich auf Nordamerika beschränken will), um kontinuierlicheren Newsflow zu bekommen.

Mal sehen, ob die was davon aufnehmen.

The Bull schrieb am 14.10.2016, 14:05 Uhr[/url]"]Also evtl.nochmals nachlegen um meinen EK zu drücken...bin da auch schon 50 %im minus....

Wie seht ihr da die Zukunft????

Fischlaender schrieb am 14.10.2016, 12:17 Uhr[/url]"]KSK Bohrung auf Copper Joe war eine Niete. Der Kurs ist an und fuer sich komplett durch Cash und Beteiligungen gedeckt, aber da kann es doch einen Rutsch geben heute...

 

[The Bull]

Also nachkaufen!!!!????

Fischlaender schrieb am 14.10.2016, 15:02 Uhr[/url]"]Ich seh die Zukunft da mittelfristig. Solange keine einschneidenden News über den NSR-Streit mit SAS kommen passiert bis ins Frühjahr hinein erstmal nix.

Ich hab beim Management angeregt ein Aktienrückkaufprogramm aufzulegen, wäre ein Zeichen und kostet beim momentanen Kurs max 250-300k CAD und die haben die in der Portokasse. Weiter hab ich angeregt, dass die nicht nur in den saisonabhängigen Gegenden Prospect Generation betreiben, sondern auch in ganzjährig zugänglichen Regionen wie Ontario, Quebeck, Nevada etc. (wenn man sich auf Nordamerika beschränken will), um kontinuierlicheren Newsflow zu bekommen.

Mal sehen, ob die was davon aufnehmen.

The Bull schrieb am 14.10.2016, 14:05 Uhr[/url]"]Also evtl.nochmals nachlegen um meinen EK zu drücken...bin da auch schon 50 %im minus....

Wie seht ihr da die Zukunft????

Fischlaender schrieb am 14.10.2016, 12:17 Uhr[/url]"]KSK Bohrung auf Copper Joe war eine Niete. Der Kurs ist an und fuer sich komplett durch Cash und Beteiligungen gedeckt, aber da kann es doch einen Rutsch geben heute...

 

[Fischlaender]

Wenn du Geduld hast bis Mai/Juni nächsten Jahres, dann kannst du verbilligen, KSK ist mittelfristig imho nach wie vor gut.

Wenn du traden willst gibt es imho allerdings wesentlich bessere Werte mit kurzfristigem Potential.

The Bull schrieb am 14.10.2016, 16:23 Uhr[/url]"]Also nachkaufen!!!!????

Fischlaender schrieb am 14.10.2016, 15:02 Uhr[/url]"]Ich seh die Zukunft da mittelfristig. Solange keine einschneidenden News über den NSR-Streit mit SAS kommen passiert bis ins Frühjahr hinein erstmal nix.

Ich hab beim Management angeregt ein Aktienrückkaufprogramm aufzulegen, wäre ein Zeichen und kostet beim momentanen Kurs max 250-300k CAD und die haben die in der Portokasse. Weiter hab ich angeregt, dass die nicht nur in den saisonabhängigen Gegenden Prospect Generation betreiben, sondern auch in ganzjährig zugänglichen Regionen wie Ontario, Quebeck, Nevada etc. (wenn man sich auf Nordamerika beschränken will), um kontinuierlicheren Newsflow zu bekommen.

Mal sehen, ob die was davon aufnehmen.

The Bull schrieb am 14.10.2016, 14:05 Uhr[/url]"]Also evtl.nochmals nachlegen um meinen EK zu drücken...bin da auch schon 50 %im minus....

Wie seht ihr da die Zukunft????

Fischlaender schrieb am 14.10.2016, 12:17 Uhr[/url]"]KSK Bohrung auf Copper Joe war eine Niete. Der Kurs ist an und fuer sich komplett durch Cash und Beteiligungen gedeckt, aber da kann es doch einen Rutsch geben heute...

 

[Startrader]

Eventuell ist BEX ne Alternative, als bei KSK jetzt nochmal was hinterher zu werfen.

The Bull schrieb am 14.10.2016, 14:05 Uhr[/url]"]Also evtl.nochmals nachlegen um meinen EK zu drücken...bin da auch schon 50 %im minus....

Wie seht ihr da die Zukunft????

Fischlaender schrieb am 14.10.2016, 12:17 Uhr[/url]"]KSK Bohrung auf Copper Joe war eine Niete. Der Kurs ist an und fuer sich komplett durch Cash und Beteiligungen gedeckt, aber da kann es doch einen Rutsch geben heute...

 

[Kostolanys Erbe]

Valeura Energy increases financing to $11-million



2016-10-14 09:58 ET - News Release



Mr. Jim McFarland reports

VALEURA ANNOUNCES INCREASE TO UNDERWRITTEN PRIVATE PLACEMENT

In connection with its previously announced private placement financing, Valeura Energy Inc. and the syndicate of underwriters led by Cormark Securities Inc., and including GMP FirstEnergy have agreed to increase the size of the private-placement financing. Valeura will now issue 14,629,000 subscription receipts of the corporation at a price of 75 cents per subscription receipt for total gross proceeds of approximately $11-million.

The subscription receipts (and the underlying common shares of the corporation issuable pursuant thereto) will be subject to a four-month hold period, under applicable securities laws in Canada. The offering is expected to close on or about Nov. 3, 2016. Completion of the offering is subject to certain conditions, including, without limitation, the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVLE-2412879&symbol=VLE&region=C

Kostolanys Erbe schrieb am 14.10.2016, 09:21 Uhr[/url]"]VLE!!!

Valeura enters definitive Turkish deals



2016-10-13 16:47 ET - News Release


Mr. Jim McFarland reports

VALEURA ANNOUNCES EXECUTION OF TRANSFORMATIONAL TRANSACTION AGREEMENTS IN TURKEY AND UNDERWRITTEN PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS

Valeura Energy Inc. has executed definitive agreements for three concurrent transactions, which advance the corporation's strategy to expand its high-netback natural gas business in the Thrace basin of northwest Turkey. These transactions, upon completion, are expected to be transformational for Valeura in terms of increased business scale, operational control, financial capability, drilling activity and production, and include:

Acquisition of its joint venture partner, Thrace Basin Natural Gas (Turkiye) Corp. (TBNG), for $22-million (U.S.) in cash, effective March 31, 2016, which after closing adjustments are expected to be reduced to approximately $18.5-million (U.S.) at closing;
Sale of deep rights on certain joint venture lands to Statoil Banarli Turkey BV for $15-million (U.S.) in two tranches of $12-million (U.S.) and $3-million (U.S.);
Underwritten $7.5-million private placement financing of subscription receipts of the corporation, to be issued at a price of 75 cents per subscription receipt (see financing of the TBNG acquisition section herein).


..........

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVLE-2412710&symbol=VLE&region=C

 

[Kostolanys Erbe]

Freehold to pay four-cent November dividend Nov. 15



2016-10-13 16:05 ET - News Release



Mr. Matt Donohue reports

FREEHOLD ROYALTIES LTD. DECLARES DIVIDEND FOR NOVEMBER 2016

Freehold Royalties Ltd.'s board of directors has declared a dividend of four cents per common share to be paid on Nov. 15, 2016, to shareholders of record on Oct. 31, 2016.

These dividends are designated as eligible dividends for Canadian income tax purposes.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFRU-2412678&symbol=FRU&region=C

 

[Kostolanys Erbe]

Schönen & erholsamen Urlaub @greeni !

Ollinho schrieb am 14.10.2016, 09:05 Uhr[/url]"]:D

Moin....

greenhorn schrieb am 14.10.2016, 09:03 Uhr[/url]"] Guten Morgen!

bin die nächste Woche im Urlaub........falls jemand fragt

 

[Ollinho]

Wünsche euch ebenfalls nen tollen Urlaub!!!

Kostolanys Erbe schrieb am 14.10.2016, 20:41 Uhr[/url]"]

Schönen & erholsamen Urlaub @greeni !

Ollinho schrieb am 14.10.2016, 09:05 Uhr[/url]"]:D

Moin....

greenhorn schrieb am 14.10.2016, 09:03 Uhr[/url]"] Guten Morgen!

bin die nächste Woche im Urlaub........falls jemand fragt

 

[Ollinho]

Moin

 

[dukezero]

GOLD / ETF / COT - Marktkommentar Weinberg, CoBa ... " Gold notiert auch zu Beginn der neuen Handelswoche nur bei gut 1.250 USD je Feinunze. Unterstützung erhält Gold zwar von moderaten, aber kontinuierlichen ETF-Zuflüssen. Seit Monatsbeginn wurden die Bestände um 19 Tonnen aufgebaut, mehr als im gesamten letzten Monat. Wind schlägt Gold aber zum einen vom festen US-Dollar entgegen, der heute Morgen gegenüber dem Euro zeitweise auf ein 2½-Monatshoch aufwertet.

Zum anderen halten steigende Aktienmärkte und höhere Anleiherenditen den Goldpreis in Schach. Die Rendite 10-jähriger US-Staatsanleihen ist auf ein 4½-Monatshoch gestiegen. Dies schmälert die Attraktivität von Gold als alternative Anlage.

Wie die CFTC-Statistik zur Positionierung der spekulativen Marktteilnehmer zeigt, war der Preisrutsch von Gold Anfang Oktober unter mehrere charttechnisch wichtige Marken stark spekulativ getrieben. Denn in der Woche zum 11. Oktober wurden die Netto-Long-Positionen um weitere 26% reduziert. Mit 148,8 Tsd. Kontrakten liegen sie auf dem niedrigsten Stand seit Ende Mai. In den letzten beiden Berichtswochen wurden die Netto-Long-Positionen um rund 42% bzw. 106 Tsd. Kontrakte abgebaut. Das ist der stärkste Positionsabbau innerhalb von zwei Wochen seit Beginn der Datenreihe vor 10 Jahren.

Der Verkaufsdruck von dieser Seite her sollte unseres Erachtens damit aber nachlassen. Da wir zudem von einer anziehenden Goldnachfrage in Asien in den kommenden Monaten ausgehen, erwarten wir eine Stabilisierung und anschließende Erholung des Goldpreises." ... http://www.rohstoff-welt.de/bilder/upload/64336.png

 

[600]

Rookie schrieb am 13.10.2016, 20:00 Uhr[/url]"]Inca One

» zur Grafik

Gut gesehen! Bin leider nicht dabei...

 

[Ollinho]

Kauf 2.Position PG zu 3,27 Can$ MK 3,33 Can$

Ollinho schrieb am 07.10.2016, 18:09 Uhr[/url]"]Kauf Tradingposition PG zu 3,39 Can $

 

[Ollinho]

Kauf 2.Position FR zu 10,40 Can$ MK 10,49 Can $

Ollinho schrieb am 07.10.2016, 17:46 Uhr[/url]"]Kauf Tradingposition FR 10,59+10,60 Can $

 

[Rooky]

600 schrieb am 17.10.2016, 16:20 Uhr[/url]"]

Rookie schrieb am 13.10.2016, 20:00 Uhr[/url]"]Inca One

» zur Grafik

Gut gesehen! Bin leider nicht dabei...

 

[Kostolanys Erbe]

Orosur Mining earns $2.75-million (U.S.) in Q1 2017



2016-10-17 06:50 ET - News Release



Mr. Ignacio Salazar reports

OROSUR MINING INC. - Q1 2017 RESULTS: NET PROFIT US$2.8M & CASH OPERATING COSTS US$693/OZ

Orosur Mining Inc. has released its first quarter 2017 results for the three months ended Aug. 31, 2016 (all amounts are in U.S. dollars).

Highlights of Q1 2017

Gold production of 9,950 ounces, on the higher end of the company's 35,000- to 40,000-ounce guidance for the full year (Q1 2016: 12,471 ounces);
Cash operating costs of $693/ounce, significantly beating guidance of between $800 to $900/ounce (Q1 2016: $954/ounce);
All-in sustaining costs of $989/ounce (Q1 2016: $1,166/ounce). The company has maintained AISCs below $1,000/ounce for the last three consecutive quarters now;
Net profit after tax of $2.8-million (Q1 2016: loss of $1.7-million);
Cash generated from operations of $4.8-million (Q1 2016: $200,000);
Total cash balance of $5.0-million (Q1 2016: $4.3-million).


OPERATIONAL AND FINANCIAL SUMMARY

Quarter ended Aug. 31,
2017 2016

Gold produced Ounces 9,950 12,471
Operating cash cost(2) $/oz 693 954
AISCs $/oz 989 1,166
Average price received $/oz 1,324 1,147
Financial results
Revenue $000 12,658 14,465
Net profit/(loss) after tax $000 2,759 (1,726)
Cash flow from operations(1) $000 4,795 173

(1) Before non-cash working capital movements.
(2) Operating cash cost is total cost discounting royalties and capital tax on
production assets.




Ignacio Salazar, chief executive officer of Orosur, said:

"We are very pleased to announce a strong quarter with cash operating costs below $700/ounce, AISC below $1,000/ounce, net profit $2.8-million and cash from operations of $4.8-million. The commitment, additional work load and the tough decisions the team has had to assume during the past year has positioned the company well to take advantage of gold price improvements this year and we are delighted to be seeing the benefits.

"I believe the financial results speak for themselves and, taken together with the exploration and development progress we reported last week, show this is an exciting time for the company. That said, we remain as pro-active as ever and are committed to making the most of the current position of the company for the benefit of our shareholders and team. I very much look forward to the work and results ahead."

Fiscal year 2017 outlook and guidance

The company's forecast production guidance for 2017 remains between 35,000 to 40,000 ounces of gold at operating cash costs of between $800 to $900/ounce.

As in the past, variations in production and unit costs are expected to occur, quarter on quarter, as the mine plan draws ore from multiple sources at varying grades, stages of development and stripping factors. The company expects to have higher unit costs in the second quarter as underground staff and equipment are transferred from the Arenal underground operation in its final months of production to the SGW underground development which is expected to commence production by the end of November, 2016.

Q1 2017 financial summary

Cash flow from operations before working capital was $4.8-million compared with $200,000 for Q1 2016, mainly as a result of the higher gold prices received in Q1 2017 and lower production rates year over year. Net profit after tax was $2.8-million compared with a loss of $1.7-million in Q1 2016.

The company invested $1.9-million in capital expenditures and $600,000 in exploration expenditures compared with $1.0-million and $1.0-million, respectively, in Q1 2016. During the quarter, the company advanced the development of the ramp and access in the San Gregorio underground mine as planned and on budget and commenced the construction of the phase 4A of the tailings dam.

The cash balance at the end of the quarter was $5.0-million compared with $4.3-million at May 31, 2016. The company's debt balance was $300,000 compared with $400,000 at May 31, 2016.

Orosur Mining is focused on identifying and advancing gold projects in South America. The company operates the only producing gold mine in Uruguay (San Gregorio) and has assembled an exploration portfolio of high-quality assets in Uruguay, Chile and Colombia.


...............

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aOMI-2413092&symbol=OMI&region=C

 

[Kostolanys Erbe]

Argonaut Gold produces 26,322 oz AuEq in Q3



2016-10-17 08:00 ET - News Release



Mr. Pete Dougherty reports

ARGONAUT GOLD ANNOUNCES Q3 PRODUCTION OF 26,322 GOLD EQUIVALENT OUNCES AND REVISED GUIDANCE

Argonaut Gold Inc. had production of 26,322 gold-equivalent ounces during the third quarter ended Sept. 30, 2016. The lower-than-anticipated production during the third quarter is primarily a result of two factors at the company's El Castillo mine: higher-than-anticipated rainfall and changes in mine sequencing. Given the lower-than-planned production, the company is adjusting its 2016 production guidance to between 115,000 and 120,000 ounces of gold equivalent (previously 130,000 to 135,000 ounces of gold equivalent). All dollars in this press release are expressed in U.S. dollars, unless otherwise noted.

...........

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aAR-2413123&symbol=AR&region=C

 

[Kostolanys Erbe]

Mundoro Capital begins drilling at Byalo



2016-10-17 12:54 ET - News Release



Ms. Teo Dechev reports

MUNDORO COMMENCES DRILL PROGRAM ON CHUKA COPPER AND GOLD PORPHYRY IN BULGARIA

Mundoro Capital Inc. has commenced drilling on the company's 100-per-cent-owned Byalo exploration licence, which is located in southeastern Bulgaria in the Rhodopean region of the Tethyan metallogenic belt.

HIGHLIGHTS

-The Chuka porphyry drill program will include 1000 m
Systematic exploration by Mundoro defined the Chuka porphyry copper-gold target with results including: Stockwork mineralisation with banded quartz veins in an area 200 x 250 m in size outcropping at surface;
A historical drill hole with reported assay interval of 18.8 m @ 0.42% Cu; 0.108 g/t Au from 25.40 m to 44.20 m;
Mundoro surface rock sampling from stockwork returned values from single samples up to 0.39% Cu, 0.55 g/t Au and 580 ppm Mo with average 0.158 g/t Au, 35 ppm Mo and 267 ppm Cu from a 200 x 250 m outcrop;

Mundoro holds approximately $5.5 mln in cash as of September 30, 2016 and is debt free.


Teo Dechev, CEO and President of Mundoro commented, "Having closed the $1 million private placement in September 2016, we are using these funds to drill test five target areas, the first of which is the Chuka copper-gold porphyry target in Bulgaria. Given the compelling copper-gold-molybdenum soil geochemistry, stockwork viening on surface, trenching results and coincident ground magnetic bulls-eye style anomaly, we believe the current drilling program at Chuka will give us a better understanding of the scale of the porphyry and the controls of mineralization. The Company believes the historical drilling, surface sampling and mapping along with the geophysical interpretations to-date suggest the potential for discovery of bulk porphyry copper-gold mineralisation at Chuka."

......................................

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMUN-2413247&symbol=MUN&region=C