U.S. Markets closed

Montero Mining and Exploration Ltd. (MXTRF)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.13760.0000 (0.00%)
At close: 9:30AM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.1376
Open0.1376
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1376 - 0.1376
52 Week Range0.0168 - 0.1682
Volume40,000
Avg. Volume1,209
Market Cap2.351M
Beta (5Y Monthly)1.47
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Montero Review Returns 14.21 g/t Au & 164 g/t Ag at the Isabella Gold Silver Project in Southern Chile
    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

  • Montero Makes Option Payment and Readies Isabella Gold Silver Project in Chile for Drilling
    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

  • GlobeNewswire

    Montero Acquires Isabella Gold Silver Project in Chile

    TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) has signed a Binding Purchase and Sale Agreement (“Agreement”) to acquire a 100% interest in a private Chilean company (“ChileCo”) which holds various mineral rights to exploration claims that make up the Isabella Gold Silver Project (“Project”) in Chile. Isabella’s exploration claims cover an area of 67km2.  The Agreement is subject to corporate and legal process in Chile and regulatory approval. Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero has secured the highly prospective Isabella Gold Silver Project in Chile where the Company can utilize its gold silver exploration, discovery and development expertise in a tier one mining jurisdiction. The Company is assessing previous exploration data with a view to carrying out a drill program in the fall of 2020. ”  The Isabella Gold Silver Project is located in the Southern Coastal Range of Chile approximately 200 km south of Santiago and has excellent year-round access. The Coastal Range contains numerous gold and copper occurrences hosted within a package of intermediate intrusives, sediments and volcanics of Mesozoic age.The Isabella Gold Silver Project is located regionally south of Yamana’s Minera Florida gold mine and north of an extensive regional gold area being explored by Fresnillo. However, these operations do not confirm the mineral potential of the Isabella properties. The Isabella region has seen little modern exploration and most occurrences remain undrilled.The Isabella Gold Silver Project area hosts numerous structurally controlled quartz veins that have been mapped over an area of approximately 12 km long and 4 km wide. A review of field reports on mapping and sampling prepared by the previous owner indicate high gold - silver concentrations within quartz veins with values of up to 48 g/t gold and 629 g/t silver.The samples collected where grab samples of exposed vein material and are not considered representative of the overall concentration of mineralization in any particular vein. Samples were collected in accordance with industry best practices and analyzed by ALS Chile under the supervision of a qualified person. No independent sampling has been completed by Montero.The veins form part of an extensive regional polymetallic Au-Ag vein and breccia system occurring in dilational fractures in the granite and along contacts with older sediments. Prior exploration at Isabella by the previous operator includes surface mapping, rock sampling, trenching, and airborne magnetics.  No drilling in the Isabella district has been carried out to date.  Under the terms of the Agreement, Montero has acquired a 100% interest in ChileCo which holds all the mineral interests to the Isabella Gold Silver Project. ChileCo was purchased for a nominal amount and by taking over the earn-in obligations of cash payments totaling US$ 450,000 to be made by August 2022. ChileCo directly holds 100% of the mineral rights to 18 km2 of mineral claims and has two subsidiaries with 49 km2 under option agreements. In Subsidiary 1 Montero has an 85% interest in Isabella West mineral claims while in Subsidiary 2 Montero is earning an 85% interest in Isabella East mineral claims. The mineral claims held by both subsidiaries are subject to joint venture and mining option agreements with local parties. Montero is reviewing several drill target areas that have been identified and permitted for drilling by the previous owners in order to commence a drill program.Qualified Person's Statement This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr.Sci.Nat., who is a qualified person for the purpose of National Instrument 43-101 and a Consulting Geologist to Montero. A review was also undertaken by Ing. Marcial Vergara B.Sc. and Mr. Michael Corey P.Geo. both of whom are qualified persons as defined by NI 43-101 and 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 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’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.