Mundoro Capital Inc. announced commencement of a drill program at the Dos Cabezas Project ("Project"), Cochise County, Arizona. The Dos Cabezas Project is optioned to Vale Base Metals ("Vale") to earn-in to the Project. The Q4-2023 drill program is planned to test three target areas with 3 diamond drill holes for a total of 2,200 meters. These drill holes represent a rare opportunity in Arizona of untested porphyry copper systems. The Dos Cabezas Project is located in SE Arizona, approximately 150 km east of the city of Tucson, within the highly prospective "Laramide" magmatic arc portion of the Southwestern USA cordilleran porphyry belt. The Dos Cabezas Project is surrounded by known porphyry districts, such as Safford and Morenci to the north, and Tyrone to the east. Summary of the Target Areas: Exploration 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. These three target areas will be drill tested with one drill hole for each target. A drill rig has been mobilized with drilling anticipated to commence in the second week of October. The drill program is expected to be completed in November with assay results in first quarter of 2024. Mescal Canyon - mapping and sampling in the Mescal Canyon area has outlined a zone of pyritic veining with sericitic halos and sericitic fractures consistent with the distal portions of porphyries which commonly occurs outboard but also potentially above the central porphyry mineralization. One drill hole has been targeted to test the magnetic anomaly directly below the alteration and geochemistry mapped on the surface. Mineral Park - detailed mapping of the area has identified high temperature magnetite skarns and magnetite replacement lenses that were also recognized and modeled in the closely spaced helicopter borne magnetic survey flown in 2022. One drill hole is planned to test the outcropping skarns and intersect the potential monzonite intrusion modeled at depth and potentially driving the system. Casey Copper Canyon - The magnetic survey highlighted two large magnetic highs, indicating the skarns mapped at surface are more extensive at depth. A drill hole is oriented perpendicular to the WNW structure at a steep angle to cross-cut mineralization and to test the magnetic anomaly below the outcropping skarns. Exploration in the Dos Cabezas Project also identified two undercover target areas: Northwest Pediments target and SouthEast Pediments target, along the apparent WNW trend defined by the Apache Pass Fault Zone which was interpreted to be covered by shallow pediments. In second quarter of 2023, the Company drill tested the Northwest Pediments and the SouthEast Pediments targets with a total of 800 meters over two drill holes 400 m each. The SE Pediments target appeared more interesting as it is a discrete magnetic feature at the intersection with the Apache Pass Fault system, however at both pediment locations, the post mineral cover was greater than 400 m and the drill holes were terminated.