# Mundoro Reports Progress on Exploration Programs and Financial Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9 Original source: https://www.globenewswire.com/news-release/2026/08/31/3353530/0/en/mundoro-reports-progress-on-exploration-programs-and-financial-results.html Publisher: globenewswire Original announcement: 2026-08-31T15:33:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Mundoro Capital Inc. - Ticker: MUN - Exchange: Unavailable - Region: Serbia - Primary commodity: Copper - Secondary commodities: Gold, Molybdenum, Lead, Zinc - Document categories: Drill results, Other - Extracted: 2026-09-12 01:21:20 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Mundoro reports exploration progress in Serbia, including completed drilling at Skorusa East with anomalous copper and gold results. The company also provided Q2 2026 financial highlights, noting a reduction in corporate expenses and increased exploration expenditures. Reasoning: The release provides new drill assay results from Skorusa East and partial results from Tilva Rosh South. While no economic grades were reported, the results provide geological vectors for porphyry targeting and confirm the presence of supergene enrichment. - Positive factor: completion of Skorusa East drilling - Positive factor: identification of supergene enrichment zones - Positive factor: QA/QC protocols disclosed - Negative factor: no economic-grade intervals identified - Negative factor: partial assay results for Tilva Rosh South Facts used in scoring: 12 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release includes detailed QA/QC protocols, including certified labs \(ISO 17025\), blanks, standards, and duplicates. Evidence · text > Samples were prepared and analysed by ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\), which is independent of the Company and accredited to ISO/IEC 17025. **No economic-grade intervals** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company explicitly states that no economic-grade intervals were identified in the Skorusa East campaign. Evidence · text > although no economic-grade intervals were identified ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### 26-SKO-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-0) Skorusa East · copper #### Identity - Hole ID: 26-SKO-08 - Project: Skorusa East - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.095 - Grade Unit: % - Intercept: 6 m - From: 22 m - To: 28 m - Hole Depth: 499.8 m - Intercept Depth: 22 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-08:22-28 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low-grade copper intercept in a supergene zone. - Positive factor: supergene enrichment zone - Negative factor: sub-economic grade Evidence · table > 0.095 Context: 6.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-1) Skorusa East · gold #### Identity - Hole ID: 26-SKO-08 - Project: Skorusa East - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade Unit: g/t - Intercept: 6 m - From: 22 m - To: 28 m - Hole Depth: 499.8 m - Intercept Depth: 22 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-08:22-28 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Gold grade below reporting threshold. - Negative factor: below reporting threshold Evidence · table > – Context: 6.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-2) Skorusa East · gold #### Identity - Hole ID: 26-SKO-08 - Project: Skorusa East - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.2 - Grade Unit: g/t - Intercept: 8.1 m - From: 46 m - To: 54.1 m - Hole Depth: 499.8 m - Intercept Depth: 46 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-08:46-54.1 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low-grade gold intercept. - Negative factor: sub-economic grade Evidence · table > 0.20 Context: 8.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-3) Skorusa East · copper #### Identity - Hole ID: 26-SKO-09 - Project: Skorusa East - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.052 - Grade Unit: % - Intercept: 64 m - From: 416 m - To: 480 m - Hole Depth: 788.3 m - Intercept Depth: 416 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-09:416-480 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Large but low-grade copper intercept. - Positive factor: extensive low-grade zone - Negative factor: sub-economic grade Evidence · table > 0.052 Context: 64.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-4) Skorusa East · copper #### Identity - Hole ID: 26-SKO-09 - Project: Skorusa East - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 6 m - From: 416 m - To: 422 m - Hole Depth: 788.3 m - Intercept Depth: 416 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-09:416-422 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Sub-interval of 26-SKO-09. - Negative factor: sub-economic grade Evidence · table > 0.10 Context: 6.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-5) Skorusa East · copper #### Identity - Hole ID: 26-SKO-09 - Project: Skorusa East - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.2 - Grade Unit: % - Intercept: 6 m - From: 426 m - To: 432 m - Hole Depth: 788.3 m - Intercept Depth: 426 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-09:426-432 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Sub-interval of 26-SKO-09. - Negative factor: sub-economic grade Evidence · table > 0.20 Context: 6.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-6) Skorusa East · copper #### Identity - Hole ID: 26-SKO-09 - Project: Skorusa East - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.35 - Grade Unit: % - Intercept: 1.5 m - From: 476.5 m - To: 477 m - Hole Depth: 788.3 m - Intercept Depth: 476.5 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-09:476.5-477 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: High-grade sub-interval of 26-SKO-09. - Negative factor: narrow interval Evidence · table > 0.35 Context: 1.5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-7) Skorusa East · copper #### Identity - Hole ID: 26-SKO-09 - Project: Skorusa East - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.12 - Grade Unit: % - Intercept: 22.3 m - From: 689.7 m - To: 712 m - Hole Depth: 788.3 m - Intercept Depth: 689.7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-SKO-09:689.7-712 - Mining Method: unknown #### Location - Location: Skorusa East - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low-grade copper intercept at depth. - Negative factor: sub-economic grade Evidence · table > 0.12 Context: 22.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-OBL-05 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-8) Tilva Rosh South · copper #### Identity - Hole ID: 26-OBL-05 - Project: Tilva Rosh South - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 0.25 - Grade Unit: % - Intercept: 2 m - From: 38 m - To: 40 m - Hole Depth: 1302.7 m - Intercept Depth: 38 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26-OBL-05:38-40 - Mining Method: unknown #### Location - Location: Tilva Rosh South - Loc. Source: document #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Near-surface supergene copper enrichment. - Positive factor: supergene enrichment - Negative factor: narrow interval Evidence · table > 0.25 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-9) Skorusa East · lead #### Identity - Hole ID: 26-SKO-08 - Project: Skorusa East - Commodity: lead - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 1381 - Grade Unit: ppm - Intercept: 8.1 m - From: 46 m - To: 54.1 m - Hole Depth: 499.8 m - Intercept Depth: 46 m #### Classification - Sample Type: drill - Group ID: 26-SKO-08:46-54.1 - Mining Method: unknown #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Expanded from assay table: 1381 ppm lead, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the lead rubric unit %; not scored. Evidence · table > Pb 1,381 ppm Context: 26-SKO-08 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-10) Skorusa East · zinc #### Identity - Hole ID: 26-SKO-08 - Project: Skorusa East - Commodity: zinc - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 3000 - Grade Unit: ppm - Intercept: 8.1 m - From: 46 m - To: 54.1 m - Hole Depth: 499.8 m - Intercept Depth: 46 m #### Classification - Sample Type: drill - Group ID: 26-SKO-08:46-54.1 - Mining Method: unknown #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Expanded from assay table: 3000 ppm zinc, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the zinc rubric unit %; not scored. Evidence · table > Zn 3,000 ppm Context: 26-SKO-08 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 26-SKO-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/mundoro-reports-progress-on-exploration-programs-and-financial-results--083ce015-c355-4091-ae8c-89607bd8d6b9#fact-drill-facts-11) Skorusa East · molybdenum #### Identity - Hole ID: 26-SKO-08 - Project: Skorusa East - Commodity: molybdenum - Region: serbia - Reported Region: serbia - Ticker: MUN #### Geometry - Grade: 235 - Grade Unit: ppm - Intercept: 4 m - From: 358 m - To: 362 m - Hole Depth: 499.8 m - Intercept Depth: 358 m #### Classification - Sample Type: drill - Group ID: 26-SKO-08:358-362 - Mining Method: unknown #### QA/QC - Laboratory: ALS-Bor \(Serbia\), Rosia Montana \(Romania\), Loughrea \(Ireland\) - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Expanded from assay table: 235 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder. - Negative factor: No grade rubric for molybdenum; intercept not scored. Evidence · table > Mo 235 ppm Context: 26-SKO-08 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.