Montero Mining and Exploration Ltd. is reporting the assay results of surface geochemical sampling undertaken within areas of interest on the Avispa property . Company geologists collected lithological samples from the San Salvador River valley and from reverse circulation drill chip piles from drilling sites completed by BHP and Quantum Pacific Exploration Chile on the Avispa property. Some samples returned anomalous [...]
Montero Mining and Exploratio has completed initial geological mapping and geochemical sampling on its Avispa Copper Molybdenum Project. This work supports Montero’s belief the Avispa project area has been only cursorily explored for potential concealed copper molybdenum porphyry deposits beneath surficial sediments and gravels. Montero’s Avispa concessions cover a 473 km2 area and are located ~40 km’s west of the [...]
Montero Mining and Exploration announces the resignation of Jean des Rivieres, effective immediately as a member of the Board of Directors of the Company. The Board of Directors will look to fill the vacancy in the coming months. Dr Tony Harwood, President and CEO of Montero commented: “On behalf of Montero’s management team and the Board, I would like to extend my sincere gratitude to Jean for this significant [...]
Montero Mining and Exploration provides an update on its fully funded arbitration proceedings against the Tanzania over the expropriation of the Wigu Hill REE Project before ICSID, part of the World Bank group. Montero submitted its Memorial on the Merits to the ICSID arbitral tribunal in May 2022 as per the time schedule agreed by the parties and the tribunal. The Memorial contains the basis for compensation to Montero [...]
Montero Mining and Exploration Ltd. provides the following update on the arbitration proceedings against the United Republic of Tanzania over Tanzania's expropriation of the Wigu Hill rare earth element project before International Centre for Settlement of Investment Disputes' . The arbitral tribunal is composed of Dr Achille Ngwanza, the President, Mr Eric Teynier, appointed by Montero and Mr Cecil W. M. Abraham [...]
Montero Mining and Exploration Ltd. continues to consolidate its property holdings at the Avispa copper molybdenum project located in the Atacama Desert of northern Chile. The company has finalized the regulatory process for 200.8 km2 of exploration concessions that includes the original Avispa and recently awarded Abeja exploration concessions that were registered in 2021. The company is also finalizing the regulatory [...]
Montero Mining and Exploration Ltd. is pleased to announce that the dispute resolution process dealing with the expropriation of the Wigu Hill rare earth element project in Tanzania is now underway. The International Centre for Settlement of Investment Disputes' arbitration tribunal was constituted on the 18 November 2021 signalling that the process initiated by Montero to protect its investment and exploration rights in [...]
Montero Mining and Exploration Ltd. has started a detailed field work program on its Avispa copper-molybdenum exploration concessions in Chile, following its successful completion of reconnaissance exploration on the property. The Avispa project covers 17,000-hectares in the Atacama Desert of northern Chile. It is situated within the well-defined north to south trending Paleocene-Eocene copper porphyry belt which hosts [...]
Montero Mining and Exploration has given notice to terminate its option agreement over the Isabella East property which previously made up part of its Isabella gold-silver project. Assay results from 9 diamond drill holes testing vein targets on the Isabella East concessions were disappointing where no further work or property payments are justified. The Company is continuing to explore its remaining 85% and 100% owned [...]
Montero Mining and Exploration Ltd. has completed a total 19 diamond drill holes over 2,088 metres to test 4 vein target areas at its Isabella gold-silver project in Chile. All intersected quartz veins. The assay results for all half-core samples have been received from Andes Analytical Assay and ALS in Santiago. Montero previously reported assay results for 10 holes completed within Target Area A . Assay results from 9 [...]
Montero Mining and Exploration Ltd. is pleased to announce the commencement of exploration of its 170 km2 Avispa copper molybdenum exploration concessions located in the Atacama Desert of northern Chile. The Avispa project is situated within the well-defined north to south trending late Paleocene to early Eocene Cu-Mo porphyry belt of northern Chile that hosts some giant operating porphyry copper mines. The property is [...]
Montero Mining and Exploration Ltd. has mapped an area of extensive quartz veins in the newly staked Isabella Oriental concession block. Mapping has also been extended to the Docamavida area south of Isabella where a new style of gold occurrence has been discovered. Both areas are outside of the target areas undergoing drill testing by the Company. Dr Tony Harwood, President of Montero commented: "I am pleased to confirm [...]
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