Released to the ASX today.
"Mundo Minerals Limited (ASX: MUN) is pleased report on further exploration success from its 100%-owned Engenho Gold Project in Brazil.
In-fill soil sampling has resulted in the definition of a third strong gold anomaly in addition to the previously announced Mazoca and Crista anomalies."
In addition Mundo, in response to an enquiry from the ASX, has indicated that gold production is on track and "It is expected that cash inflows will exceed outflows for the quarter. Outflows also include exploration ..."
We have already gone half the quarter. So you could say we are half way there to having the first quarter's profitable gold production covering all expenses plus additional exploration.
more good gold news ...
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