{"id":1145,"date":"2021-04-21T13:21:49","date_gmt":"2021-04-21T17:21:49","guid":{"rendered":"https:\/\/monteromining.com\/staging\/5850\/?p=1145"},"modified":"2021-12-01T18:03:34","modified_gmt":"2021-12-01T23:03:34","slug":"montero-awarded-exploration-concessions-and-expands-land-package-over-copper-molybdenum-porphyry-target-chile","status":"publish","type":"post","link":"https:\/\/monteromining.com\/staging\/5850\/montero-awarded-exploration-concessions-and-expands-land-package-over-copper-molybdenum-porphyry-target-chile\/","title":{"rendered":"Montero Awarded Exploration Concessions and Expands Land Package Over Copper Molybdenum Porphyry Target, Chile"},"content":{"rendered":"

Toronto, Ontario \u2013 April 21, 2021 \u2013 <\/strong>Montero Mining and Exploration Ltd. (TSX-V: MON) (\u201cMontero<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) has been awarded exploration concessions covering 13,200 hectares (the \u201cAvispa project\u201d or \u201cProperty\u201d) in the Atacama Desert of northern Chile.\u00a0 More recently the Company submitted 14 new applications covering an additional 3,800 hectares adjoining the Avispa project to control a total of 17,000 hectares. Avispa <\/strong>is located about 40 km west of the Chuquicamata copper mine which is the world\u2019s largest open pit copper mine<\/strong> (Figures 1 & 2).\u00a0 The Avispa project is situated within the defined north to south trending Palaeocene \u2013 Eocene Cu-Mo porphyry belt and is located about 40 km north of BHP\u2019s Spence Cu-Mo mine and KGHM\u2019s Sierra Gorda Cu-Mo mine.<\/p>\n

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The geology of the Avispa project area consists of extensive sedimentary evaporite salt deposits intercalated with fine grained clastic sediments of Tertiary age. The sediments largely cover a suite of Palaeocene monzodiorite and diorite porphyries as well as Cretaceous andesitic and diorite porphyries. The Avispa district was previously the target of some wide-spaced exploration drilling by BHP. \u00a0Avispa is a legacy asset originally acquired in 2019, the Company believes it holds considerable potential for buried porphyry-type Cu-Mo mineralization.<\/p>\n

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Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, \u201cMontero has secured 17,000 hectares in this highly prospective copper district in proximity and in the same geological setting as other significant world class operating Cu-Mo mines. Avispa is a legacy exploration asset that the Company is seeking to monetize and provide Montero shareholders exposure to the burgeoning copper market in the new green economy. \u00a0Montero\u2019s primary focus remains on advancing the Isabella Au-Ag project in the highly prospective and under-explored Coastal Range of southern Chile.\u201d<\/em><\/p>\n

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Figure 1. Location of the Avispa Exploration Concessions and major copper mines in northern Chile.<\/p>\n

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Figure 2. Location and geology of the Avispa Concessions Awarded (black) and Concessions in Application (red).<\/p>\n

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Montero\u2019s Chief Geologist, Marcial Vergara, is reviewing publicly available data on Avispa and has conducted a field visit. Marcial previously worked for Codelco and Anglo American, both major operating copper mining companies in Chile. Montero has adopted a prospect generator model at Avispa where it will de-risk the project and carry out limited exploration while seeking a partner to advance the project through the drill phase. This will provide Montero shareholders with exposure to the copper space while it continues to focus on the gold silver potential of southern Chile.<\/p>\n

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Qualified Person’s Statement <\/strong><\/p>\n

This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr.Sci.Nat. and Sr. Marcial Vergara B.Sc. who are qualified persons for the purpose of National Instrument 43-101. Sr Vergara is based in Santiago and has more than 30 years\u2019 experience in copper exploration experience in Chile.<\/p>\n

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About Montero<\/strong><\/p>\n

Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Latin America. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Latin America. Montero\u2019s board of directors and management have an impressive track record of successfully discovering and advancing precious metal and copper projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.<\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto, Ontario \u2013 April 21, 2021 \u2013 Montero Mining and Exploration Ltd. (TSX-V: MON) (\u201cMontero\u201d or the \u201cCompany\u201d) has been awarded exploration concessions covering 13,200 hectares (the \u201cAvispa project\u201d or \u201cProperty\u201d) in the Atacama Desert of northern Chile.\u00a0 More recently the Company submitted 14 new applications covering an additional 3,800 hectares adjoining the Avispa project … Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1,8],"tags":[],"class_list":["post-1145","post","type-post","status-publish","format-standard","hentry","category-news","category-posts"],"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/1145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/comments?post=1145"}],"version-history":[{"count":1,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/1145\/revisions"}],"predecessor-version":[{"id":1146,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/1145\/revisions\/1146"}],"wp:attachment":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/media?parent=1145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/categories?post=1145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/tags?post=1145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}