{"id":2800,"date":"2026-01-26T05:46:23","date_gmt":"2026-01-26T10:46:23","guid":{"rendered":"https:\/\/monteromining.com\/staging\/5850\/?post_type=montero_projects&p=2800"},"modified":"2026-02-27T12:14:28","modified_gmt":"2026-02-27T17:14:28","slug":"elvira-and-potrero-gold-projects-maricunga-belt-chile","status":"publish","type":"montero_projects","link":"https:\/\/monteromining.com\/staging\/5850\/project-item\/elvira-and-potrero-gold-projects-maricunga-belt-chile\/","title":{"rendered":"Potrero Gold Project"},"content":{"rendered":"\n
\n
\n
\n

Potrero Gold Project<\/h2>\n\n\n\n

High-Sulphidation Epithermal & Porphyry Gold Exploration | Maricunga Belt<\/h2>\n\n\n\n

Overview<\/h2>\n\n\n\n

Montero, through its wholly owned subsidiary Minera Joy SpA, has entered into an option agreement to acquire a 100% interest in the Potrero Gold Project, also located in Chile\u2019s Maricunga Belt.<\/p>\n\n\n\n

The project is road-accessible and situated approximately 170 km northeast of Copiap\u00f3 at elevations of approximately 4,400 metres above sea level within a large, well-preserved Miocene stratovolcanic complex.<\/p>\n\n\n\n

Potrero is considered prospective for exploration of high-sulphidation epithermal gold mineralization and possible underlying porphyry Au\u2013(Cu) systems.<\/p>\n<\/div>\n\n\n\n

\n\"\"\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

The Project was initially prioritised through the integration of multi-disciplinary datasets analysed using artificial intelligence and machine-learning assisted workflows in conjunction with geological interpretation. These methods supported the identification of exploration targets considered prospective for follow-up work. Such targets are conceptual in nature and have not been demonstrated to host mineral resources.<\/p>\n\n\n\n

Option terms<\/h2>\n\n\n\n

Montero may acquire a 100% interest in the Potrero Project by making staged payments totalling US$7 million over six years according to the following schedule:<\/p>\n\n\n\n

US$40,000 paid on receipt of TSX Venture Exchange approval, US$100,000 in 2026, US$150,000 in 2027, US$260,000 in 2028, US$400,000 in 2029, US$550,000 in 2030, and US$5,500,000 in 2031<\/p>\n\n\n\n

The vendor retains a 2% Net Smelter Return (NSR) royalty. Montero has the option to repurchase 50% of the NSR for US$5 million within nine years of execution of the agreement.<\/p>\n\n\n\n

Historical Exploration<\/h2>\n\n\n\n

Historical drilling at Potrero includes:<\/p>\n\n\n\n