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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

Comment by Goldnboy1on Feb 25, 2021 5:24am
67 Views
Post# 32655573

RE:Results from Target A imminent??

RE:Results from Target A imminent??

I think the company is considering acquiring the Mine their claims surround. This drilling is likely to get some sort of confirmation that it may be expanded to the south along strike. 

Hopefully results are encouraging or better. Company may be waiting for this info to give the company confidence to close the deal on the third party claims. 

Although "third party" is a generic reference. Reading between the lines. The company Mon optioned Isabella originally from and the 3rd Party claims owner still left over within our claims.

Probably one in the same. Hopefully these results turn out and the ground is acquired. More potential for ounces on the balance sheet the better!

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