Montero Mining and Exploration Ltd. (MON.V)
| Previous Close | 0.1650 |
| Open | 0.1600 |
| Bid | 0.1600 x N/A |
| Ask | 0.1850 x N/A |
| Day's Range | 0.1600 - 0.1600 |
| 52 Week Range | 0.0100 - 0.1950 |
| Volume | 9,500 |
| Avg. Volume | 59,672 |
| Market Cap | 3.501M |
| Beta (5Y Monthly) | 1.47 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0180 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Montero Appoints Jean des Rivières to its Board of Directors
TORONTO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) has appointed Jean Des Rivières to the Board of Directors effective as of October 23, 2020. Jean des Rivières is a geologist by profession who worked for the past 23 years for the BHP group of companies. He first worked in Chile in 2002 and between 2005 to 2019 lived a total of 10 years in Santiago, Chile. For the past 7 years, Jean was Vice President of Exploration of BHP heading their Global Greenfield Copper exploration program. Jean’s strategic planning, management and guidance contributed to the recent discovery of the Oak Dam West Copper-Gold deposit in South Australia and his strategic guidance contributed to the discovery of Escondida Este and Sur in Chile. Prior to joining BHP, Jean spent 13 years in the field managing exploration programs for Noranda in Canada, Mexico, Central America and the Caribbean. While at Noranda, Jean led the exploration teams responsible for the gold discoveries at the Monument Bay and Oxford Lake projects in Manitoba. During his career, Jean has reviewed projects in over 50 countries with a significant focus in Chile. > “We are delighted to have Jean join Montero’s Board of Directors,” commented Dr. Tony Harwood, President of Montero. “Jean’s experience evaluating greenfield projects globally for BHP reinforces Montero’s belief that our Isabella gold project in the southern coastal range of Chile has the potential to host a tier one gold deposit. In Chile, Jean was part of the discovery team of the Oak Dam West and Escondida Sur and Este copper-gold deposits.”The addition of Jean des Rivières to Montero’s Board of Directors increases the number of directors to 5 and provides the Company with insight into aggressively growing projects through discovery to development in Chile. The appointment of Jean des Rivières is subject to regulatory approval.About Montero 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’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 21,880,818 shares outstanding.For more information, contact: Montero Mining and Exploration Ltd. Dr. Tony Harwood, President and Chief Executive Officer E-mail: ir@monteromining.com Tel: +1 416 840 9197 www.monteromining.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forwardlooking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
- GlobeNewswire
Montero Review Returns 14.21 g/t Au & 164 g/t Ag at the Isabella Gold Silver Project in Southern Chile
Figure 1 Isabella Property Location Map Figure 2 Location of Priority Drill Target AreasNOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICESTORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) has completed its first exploration campaign at the Isabella Gold Project in the Southern Coastal Range of Chile. Isabella is located approximately 200 km south of Santiago and is situated at approximately 500 m elevation (see Figure 1).Montero recently completed the purchase of a 100 % interest in a Chilean corporation (“ChileCo”) that holds the mining rights to the Isabella Gold Project. The most recent sampling program was carried out to verify types and styles of mineralization and confirm prior assay results. The program consisted of chip sampling of selected exposed quartz veins previously sampled by ChileCo. Based on a positive review of the Montero and previous sample assay results and field observations, Montero intends to complete an initial drill program on 4 high grade Au-Ag priority vein targets; Target Areas A, B, C & D are permitted for drilling (see Figure 2).Montero Verification Sample Program From September 20-26th 2020, Montero collected twenty-two (22) chip samples across selected quartz veins from the 4 priority target areas and submitted them for assay to Andes Analytical Assay Ltda. in Santiago. Table 1A lists Montero’s results and Table 1B lists ChileCo results from the same target areas. Montero sampling confirms the results obtained from ChileCo’s prior sampling. Table 1A: Montero Samples Table 1B: ChileCo Samples TARGET AREASAMPLE NUMBERAu g/tAg g/t TARGET AREASAMPLE NUMBERAu g/tAg g/t TARGET A5063680.25<1 TARGET A3155020.472 5063691.552 3155050.350 5063707.4614 3155061.873 5063710.51<1 3155080.090 5063720.95<1 3156631.493 5063735.339 3156641.544 5063740.95<1 3156658.5311 5063750.07<1 3156667.5617 TARGET B50635413.2831 3156672.333 5063550.28<1 TARGET B3138028.087 5063560.06<1 3138031.2111 TARGET C5063570.0518 3138041.608 5063580.04<1 31380516.1034 5063590.246 3138100.021 5063601.073 3138120.071 50636111.08196 31397923.2239 TARGET D5063620.113 31398024.4088 5063634.11156 3139985.5510 50636414.21164 3140471.732 5063657.2531 3156970.265 5063661.0834 TARGET C3138073.7945 5063670.687 31380812.5106 3138090.415 3139782.90263 3139884.994 31567638.32110 31567748.6983 3156860.2469 3156873.67262 3156881.35202 3207900.021 TARGET D3139764.37121 31397712.55629 3139869.9550 3139875.40213 3139884.994 3139896.2728 3139900.5123 3139960.011 3139970.053 3156837.5866 3156840.8212 “Montero has successfully completed its initial sampling program at the Isabella gold project,” commented Dr. Tony Harwood, President of Montero. “Montero was able to repeat similar assay results and confirm styles of mineralization as previously reported. Our next step is to drill test the four vein target areas.” Qualified Person This press release was reviewed and approved by Sr. Marcial Vergara B.Sc. who is resident of Chile and a Qualified Person for the purpose of National Instrument 43-101 and a technical advisor to Montero. Mr. Vergara has visited the property and reviewed previous sampling techniques and analysis and supervised Montero sample collection and analyses. Sr. Vergara has extensive experience in gold exploration in Chile.About Montero 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’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 21,880,818 shares outstanding.For more information, contact: Montero Mining and Exploration Ltd. Dr. Tony Harwood, President and Chief Executive Officer E-mail: ir@monteromining.com Tel: +1 416 840 9197 | Fax: +1 866 688 4671 www.monteromining.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the HOA, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/c0c074cb-6c82-4554-a9e9-b4baa394f1f2https://www.globenewswire.com/NewsRoom/AttachmentNg/f2d264dd-cd31-4ff8-9a39-9d8062d12160
- GlobeNewswire
Montero Makes Option Payment and Readies Isabella Gold Silver Project in Chile for Drilling
Figure 1 Isabella Gold–Silver Property – Shows Priority Drill Target Areas Figure 2 Processing of UAV magnetic survey data has defined an area of high magnetics (view vertically down above) in sediments adjacent to the granite contact. Montero is proposing a drill hole to test the magnetic body for potential sediment-hosted mineralizationTORONTO, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) has initiated exploration of the Isabella gold silver project located approximately 200 km south of Santiago and 125 km south of Yamana’s Minera Florida mine in the Southern Coastal Range of Chile. The Company has tied up mineral rights to exploration claims that cover an area of 67 km2 and make up the Isabella Gold Silver Project. To date Montero has defined four high grade Au-Ag priority targets for initial drill testing and a sedimentary polymetallic geophysical target within the Isabella West and Isabella East claims. On August 30, 2020 Montero completed a US$50,000 option payment on the Isabella East claims. No drilling has ever been carried out at Isabella. Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero has initiated a confirmatory sampling program at the Isabella gold project. The program is designed to better define the extent of the gold silver vein structures and to investigate a geophysical target in the sediments recently identified by Montero. A diamond drilling program is planned.” Isabella Gold - Silver Vein Targets A total of four target areas have been identified and are slated for drilling using a track-mounted diamond drill (Figure 1). A 2,600m drill program is planned to test the vein targets. Initial drilling will test one mineralized quartz vein array within the Isabella West property (Target A) and three vein arrays within the Isabella East property (Targets B, C, and D). Drill Target A (Isabella West): Multiple high grade Au-Ag quartz veins have been defined within a 75m wide zone of altered granite extending 600m along strike. Surface samples of vein material returned assays up to: 8.53 g/t Au, 11.2 g/t Ag and 7.56 g/t Au, 16.8 g/t Ag. Trenches completed over 300m strike length of the vein array returned: 6.92 g/t Au over 1m, 2.88 g/t over 2m, and 1.42 g/t Au over 12m (incl. 3.53 g/t Au over 3m). The vein array is contained within a broader zone of anomalous Pb defined as >100 ppm which is characteristic of the high-grade Au veins in the area.Drill Target B (Isabella East): Multiple high-grade quartz veins identified over a zone 100m wide x 250m in length. Surface samples of vein material returned assays up to: 26.76 g/t Au, 31.8 g/t Ag. Several veins have been mapped over a distance of 250m. An assay of 21 g/t Au, 70 g/t Ag was also obtained from a 1.5m wide vein exposed in an exploration adit completed by the property owner. Trench sampling returned 6.5 g/t Au over 5m, incl. 21.85 g/t Au over 1m. Drill Target C (Isabella East): Multiple high-grade quartz veins over 200m wide zone. Surface assays up to 48 g/t Au and 362 g/t Ag were returned from vein material sampled along 250m strike length.Drill Target D (Isabella East): Multiple high-grade quartz veins defined over area 50m wide and 150m in length. Surface samples of vein material returned assays up to 12.55 g/t Au, 629 g/t Ag. Trench sampling returned 2.72 g/t Au, 204 g/t Ag over 1m.Isabella Sediment Hosted Polymetallic Target Identified Processing of data from the 101 line kilometer, drone-supported aerial magnetic survey completed by the previous owner has identified an extensive area of high magnetics within sediments proximal to the granitic contact. Montero contracted John Coggan of Mines Geophysical Services to reinterpret the magnetic data and magnetic high anomaly at depth (Figure 2). Previous mapping over this area has identified discrete zones of Fe-oxide breccia boulders (gossan) which have returned assays up to 800 ppm Zn and 400 ppm Cu. Montero considers such concentrations in gossan boulders to be anomalous and the Company will further evaluate the area for potential sedimentary polymetallic geophysical target by drilling. A 240m drill hole is planned to test the newly identified magnetic target.Montero has a 100% interest in a Chilean private company (“ChileCo”) which holds all the mineral rights to the Project. ChileCo directly holds 100% of the mineral rights to 18 km2 of claims and has two subsidiaries with 49 km2 under option agreements: 1) ChileCo holds an 85% interest in the Isabella West claims and; 2) ChileCo is earning an 85% interest in the Isabella East claims. Montero paid US$50,000 on August 30, 2020 with further payments of US$400,000 due by August 2022 to complete the 85% earn-in.Qualified Person This press release was reviewed and approved by Mr. Michael Corey P.Geo., whom is a member of the Association of Professional Geoscientists of Ontario (APGO) and is a Qualified Person for the purpose of National Instrument 43-101 and a technical advisor to Montero. Mr. Corey has visited the property and reviewed previous sampling techniques and analysis. A data review was also undertaken by Marcial Vergara B.Sc. who is based in Chile and also a Qualified Person. The qualified persons have extensive experience in gold exploration in Chile.About Montero 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’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 21,880,818 shares outstanding.For more information, contact:Montero Mining and Exploration Ltd. Dr. Tony Harwood, President and Chief Executive Officer E-mail: ir@monteromining.com Tel: +1 416 840 9197 | Fax: +1 866 688 4671 www.monteromining.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the HOA, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Figure 1: Isabella Gold–Silver Property – Shows Priority Drill Target Areas https://www.globenewswire.com/NewsRoom/AttachmentNg/eaaefaec-332c-4db4-a2ed-b58e8a62c816Figure 2: Processing of UAV magnetic survey data has defined an area of high magnetics (view vertically down above) in sediments adjacent to the granite contact. Montero is proposing a drill hole to test the magnetic body for potential sediment-hosted mineralization https://www.globenewswire.com/NewsRoom/AttachmentNg/11943e40-b89e-4fed-86ac-5048ff4d16b3
