- Montero Mining and Exploration (MON) has now completed testing of four vein target areas at its Isabella gold-silver project in Chile
- The company has now completed a total of 2,088 meters of diamond drilling
- Multiple quartz veins have been intersected in 17 of the 19 completed holes so far
- The company has also received initial assay results for vein Target area A
- Montero Mining and Exploration is down 14.52 per cent on the day with shares of the company trading at C$0.53 at 10:59 am ET
Montero Mining and Exploration (MON) has now completed testing of four vein target areas at its Isabella gold-silver project in Chile.
The company has now completed a total of 2,088 meters of diamond drilling at the site.
The drilling program has seen a total of 19 drill holes completed to date where “multiple quartz veins and enclosing leucogranite microgranite were intersected” in 17 the holes.
Half-core samples have been submitted for analysis along with check assays. The company has also received initial assay results for vein Target area A at the Isabella gold-silver project.
“Shallow drilling at Target A intercepted consistent intersections of quartz veins enclosed in a quartz-sericite-pyrite altered leucogranite with anomalous Au Ag values. Assay results from drill holes completed on Targets B, C and D are expected shortly,” said Montero President Dr. Tony Harwood.
In the Target A area, a total of 10 HQ size diamond drill holes were completed over a total of 1,095 meters. Maximum values of 1.88 grams of gold per tonne of material and 16 grams of silver per tonne of material were reported from the veins at Target A. Assay results from the adjacent altered leucogranite also show low to anomalous gold-silver mineralization.
Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Chile. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Chile.
Montero Mining and Exploration is down 14.52 per cent on the day with shares of the company trading at C$0.53 at 10:59 am ET.
