Mundoro is a Canadian based company which operates as a mineral acquisition, exploration, development and investment company. Mundoro has initiated an exploration program in a prospective mineral region in the Mesa Central belt of Durango and Chihuahua States in Mexico where it has received approval for three concessions covering 45,215 hectares and has made application for twelve additional mineral concessions covering 154,098 hectares. The Company maintains an interest in the Maoling Gold Project through its 5% interest in Mundoro Mining Inc. Maoling is a pre-feasibility stage gold deposit located in Liaoning Province, China and has a gold resource with 4.8 million gold ounces (161 million tonnes at 0.92 g/t gold) in the Measured and Indicated category and an additional 4.4 million gold ounces (158 million tonnes at 0.9 g/t gold) in the Inferred category. The pre-feasibility study outlined a Reserve of 2.8 million ounces (88 million tonnes at 1 g/t gold) in the Probable category. The Company’s project generation initiatives focus on targeting mineral belts which the Company believes have strong exploration potential. Mundoro is well funded to advance its projects and has 38.4 million shares issued and outstanding.
Company Website: www.mundoro.com