Canada-Based Royalty Generator Mundoro Capital Partners with Brazilian Mining Company veil For Pinal County’s Picacho Copper Project StakingArizona, USA.

The project is located within the Laramid Porphyry Belt, an area of ​​porphyry copper deposits that extends from northern Mexico to the southwestern United States.

Pikacho is surrounded by known porphyry copper deposits such as the Resolution Deposit, Miami Inspiration District, Ray, Silver Bell, and Lakeshore.

Last year, Mundro conducted a preliminary field reconnaissance in which he identified porphyry veins, alteration, and copper mineralization in the Laramid-era intrusive rocks.

Diffuse mineralization of copper, characteristic of the Laramid porphyry copper system, has been shown in historical drilling.

Detailed geological mapping and geochemical sampling are currently underway.

Geophysical surveys are planned from this quarter through Q4 2023, with drilling targets defined by early next year.

The project has been approved as a work programme, funded by Vale and Mundoro as operators.

Mundoro Capital CEO and President Teo Dechev said: “With the addition of this new project in Arizona, Mundoro’s portfolio now includes 10 active exploration programs. focused on and continues to expand by generating real estate that can attract partner-funded exploration and royalty generation.

“We continue to focus on the porphyry copper system in both the Tecian and Laramid belts. It gives us multiple opportunities for discovery.”