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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 Mar 10, 2021 4:17am
65 Views
Post# 32760301

RE:RE:Results from Target A imminent??

RE:RE:Results from Target A imminent??

Get in the call tomorrow morning. 

There was a second restart yesterday. The presentation was really good. 


There is quotes on ceo.ca. 

Short story. Drilling is going very good. Company is looking to claim even more land in the area of Isabella. 

They were shocked when they drilled A zone. That under a shallow 20m or so surface cap. They found the veins encased in the potentially mineralized leucogranite. So that is exciting!

At Yamana's Minera Florida. Leucogranite is the brecciated granite formation that holds the bulk of the gold. It is not a common material to find in nature.

On top of this. The company is accumulating data on Avispa. Will require NR once fully acquired and issued. Said it was drilled by two majors. But I do never disclosed. Due to the project having both Lithium and Copper Moly on it. The company has been approached by multiple companies to option or JV. 


Once all data received company will make a decision on how to move forward. Other than that. More sampling at Isabella and drilling over 75% complete.

Assays expected later this month with expectations of more assays to follow in early April.   

Hard to read body language. But looks like they may have something here at Isabella and Avispa looks like a cherry on top to boot!

Pits and mining activity from locals just all over this ground. Hope these Leucogranite pipes are the source of the gold! Just as they are at Yamana's Minera Florida mine! 


 

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