{"id":2806,"date":"2026-01-26T06:04:22","date_gmt":"2026-01-26T11:04:22","guid":{"rendered":"https:\/\/monteromining.com\/staging\/5850\/?post_type=montero_projects&p=2806"},"modified":"2026-02-27T13:04:14","modified_gmt":"2026-02-27T18:04:14","slug":"elvira-gold-project","status":"publish","type":"montero_projects","link":"https:\/\/monteromining.com\/staging\/5850\/project-item\/elvira-gold-project\/","title":{"rendered":"Elvira Gold Project"},"content":{"rendered":"\n
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Elvira 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 Elvira Gold Project, located in Chile\u2019s Maricunga Belt \u2014 one of the country\u2019s most prospective high-sulphidation epithermal gold districts.<\/p>\n\n\n\n

The project is road-accessible and situated approximately 170 km northeast of Copiap\u00f3 at elevations of approximately 3,800 metres above sea level.<\/p>\n<\/div>\n\n\n\n

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Elvira is characterised by a Miocene-aged stratovolcanic system with well-preserved high-sulphidation epithermal alteration and prospectivity for an underlying porphyry Au\u2013(Cu) system.<\/p>\n\n\n\n

The Project was initially prioritised through the integration of historical geological, geochemical, geophysical, and remote sensing datasets analysed using artificial intelligence and machine-learning assisted workflows in conjunction with geological interpretation. These analytical methods supported the identification of exploration targets considered prospective for follow-up work. Such targets are conceptual in nature and have not yet been tested by sufficient exploration to define a mineral resource.<\/p>\n\n\n\n

Option Terms<\/h2>\n\n\n\n

Montero may acquire a 100% interest in the Elvira 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 has identified reported gold intercepts at Elvira, including:<\/p>\n\n\n\n