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Montero Mining and Exploration Ltd V.MON

Alternate Symbol(s):  MXTRF

Montero Mining and Exploration Ltd. is a Canada-based mineral exploration and development company focused on making mineral discoveries in Chile. The Company's Avispa Copper-Molybdenum Project (Avispa Project) is located in the Atacama region of northern Chile, west of the town of Calama and 220 kilometers north-east of Antofagasta, Chile's largest commercial deep-water port. The project is connected by asphalt road to the ports of Tocopilla and Antofagasta. The Company has approximately 459 square kilometers of exploration mining concessions in an almost contiguous area south of the main highway between Calama and Tocopilla. It is involved in an international arbitration dispute for compensation for the expropriation of a Wigu Hill rare earth element project in Tanzania and against the government of Tanzania.


TSXV:MON - Post by User

Post by Goldnboy1on Feb 01, 2021 2:38am
117 Views
Post# 32434034

Reminder! Bonanza Gold/Silver

Reminder! Bonanza Gold/Silver

Active drill program. 

Surface sampling results:

Boulder/Rock sample - 13,000g/t AU + 2031g/t AG

Continuous Chip Samples:

2m - 32g/t AU + 2031g/t AG
2m - 38.32g/t AU + 110g/t AG
2m - 48.69g/t AU + 83.3g/t AG
2m - 34.91g/t AU + 20.3g/t AG
2m - 21.65g/t AU + 23.6g/t AG
2m - 28.11g/t AU + 29.60g/t AG
2m - 26.76g/t AU + 31.80g/t AG
2m - 12.55 g/t AU + 629 g/t AG
2m - 17.65 g/t AU - 101 g/t AG
2m - 12.50 g/t AU - 106 g/t AG
2m - 9.90 g/t AU - 49.6 g/t AG
2m - 5.4 g/t AU + 213 g/t AG
2m - 3.67 g/t AU + 267 g/t AG
2m - 2.90 g/t AU + 263 g/t AG

Needless to say. There is high grade gold and silver littering this project. Very high percentage of samples come back with ore grade or better gold right form surface!

Maiden drilling program active. Some very consistent targets being hit. Some of those samples above came from concentrated areas over a defined length of the surface alteration. Normally a few meters between sample areas in the most perspective areas. 

It's important to note. The veins we are drilling. Some have extensive localized workings on them. A steel door adit on one and in the neighbor claims has an "exploration pit" where extensive bulk sampling style exploration has been carried out.

The project has always been known to local experts. First time ever it's been to the stock market. Most in this industry know. In this generation. It is rare rare rare to get a virgin project. Road and power line accessible. If a big deposit if discovered. It would check all the best boxes an investor would want to see checked in a mining stock!!

The pp here for $2.5m was capped. Big money turned away I heard. Drills rapidly went to fields just days before Christmas. Strong suspicion we will get some great results out of this ground!! 

More to come!!



 





 


 

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