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Teo Dechev, president and CEO of Mundoro Capital Inc (CVE:MUN) runs Proactve through their projects in Serbia and Bulgaria.
Dechev tells Andrew Scott they’ve recently extended their drill program at the Borsko Jezero licence after positive findings and to further test two targets at the property.
Borsko is one of the four licences being sole financed by JOGMEC (Japan Oil, Gas and Metals National Corporation) as part of the JOGMEC-Mundoro option agreement announced last summer.
It means the previously announced 600-metre drill program at the site has been extended by up to 2,220 metres.
Story by ProactiveInvestors