- Montero Mining and Exploration (MON) is terminating its option agreement over the Isabella East property
- Assay results from 9 diamond drill holes were disappointing and no further work or property payments could be justified
- Montero is currently carrying out additional mapping and sampling within the volcanic package on the eastern portion of its concessions.
- Montero is a junior exploration company focused on finding, exploring, and advancing significant gold deposits in Chile
- Montero Mining and Exploration Ltd. (MON) is down 5.56 per cent, trading at C$0.085 per share
Montero Mining and Exploration (MON) is terminating its option agreement over the Isabella East property.
The Isabella East property made up part of its Isabella gold-silver project in Chile.
Assay results from 9 diamond drill holes (ISB20-11 to ISB20-19) testing vein targets on the Isabella East concessions were disappointing and no further work or property payments were felt to be justified.
The company is continuing to explore its remaining Isabella exploration concessions which are only subject to yearly maintenance payments.
The Isabella district is host to an extensive system of mineralized quartz veins located at the granite sediment contact. The quartz veins at surface are often associated with elevated gold and silver values which also occur within sericite and pyrite altered leucogranite.
Montero is currently carrying out additional mapping and sampling within the volcanic package on the eastern portion of its concessions. The company has elected to abandon drill testing of the sedimentary target and will provide updates on the next phase of exploration as they become available.
Montero is a junior exploration company focused on finding, exploring, and advancing significant gold deposits in Chile.
Montero Mining and Exploration Ltd. (MON) is down 5.56 per cent, trading at C$0.085 per share.
