Montero Mining and Exploration Ltd. filed a request for arbitration with the International Centre for Settlement of Investment Disputes on 8 January 2021. Subsequently on the 9 February 2021 the Secretary-General of the ICSID registered Montero's request for the institution of arbitration proceedings against the Government of Tanzania for the illegal expropriation and loss of its Wigu Hill rare earth element Project [...]
Montero Mining and Exploration Ltd. has been awarded exploration concessions covering 13,200 hectares in the Atacama Desert of northern Chile. 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 is located about 40 km west of the Chuquicamata copper mine which is the world's largest open pit copper mine [...]
Montero Mining and Exploration Ltd. has completed a total of 2,088 meters of diamond drilling and testing of 4 vein target areas at its Isabella gold-silver project in Chile. A total of 19 drill holes have been completed to date where multiple quartz veins and enclosing leucogranite microgranite were intersected in 17 holes. Half-core samples have been submitted to Andes Analytical Assay and check assays to ALS Chile [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has conducted additional exploration work to support the potential for sediment-hosted mineralization south of the granite-sediment contact within the Isabella Project area. The Isabella Project is located approximately 200 km south of Santiago and 125 km south of Yamana's Minera Florida mine in the Southern Coastal Range of Chile. Montero's geologists [...]
Montero Mining and Exploration Ltd. has received confirmation of issuance of exploration licenses east and contiguous to the currently held Isabella claims. The new claims cover an additional 7 km of granite-sediment contact with reported granite-hosted quartz veins similar to those defined within Montero's Isabella East and Isabella West property blocks. The Isabella Properties are located approximately 200 km south of [...]
Montero Mining and Exploration Ltd. has completed 1,096 m of a planned 2,800 m diamond drill program at its Isabella Gold Silver Project in Chile. At Isabella 2,600 m of drilling is planned to test gold silver mineralization within 4 separate vein targets and 200 m to test for breccia-type base-metal mineralization in sediments adjacent to the granite contact. Drilling is now complete at Target A and the drill rig has [...]
Montero Mining and Exploration Ltd. has filed an NI 43-101 compliant report titled, Technical Report for the Isabella Gold Silver Project, Licanten District, Region VII, Chile on SEDAR. A 2,600m drill program is underway at the Isabella Gold Silver Project to test 4 gold silver quartz veins targets within granite and a sedimentary hosted geophysical target. Isabella is below a 600m elevation and located in the Coastal [...]
Montero Mining and Exploration Ltd. provides the following update on arbitration activities related to the expropriation of the Wigu Hill rare earth element Project by the Government of Tanzania. Montero is pleased to advise that it has completed a Litigation Funding Agreement with Omni Bridgeway Canada Limited an affiliate of the Litigation Funder. The Agreement provides for funds to be drawn from a financing facility to [...]
Montero Mining and Exploration Ltd. is pleased to announce that initial drill testing of the Isabella Au-Ag mineralized, quartz vein systems has commenced. The Isabella Properties are 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 current drilling program will commence with an initial 1,200 meter program to test the vein [...]
Montero Mining and Exploration Ltd. has granted incentive stock options to the Board of Directors, Management and consultants. Subject to regulatory approval, Montero has granted 1,672,500 Stock Options to the Board of Directors, Management and consultants pursuant to the Corporation's incentive Stock Option Plan. The stock options are exercisable for a period of five years from the date of issuance at an exercise price [...]
Montero Mining and Exploration Ltd. is pleased to announce that at the Company’s Annual General Meeting held Tuesday, December 15, 2020 , all resolutions proposed were duly passed by the shareholders of the Company. Shareholders of the Company elected Dr. Antony Harwood, Gregory Hall, Andrew Thomson, Jamie Levy and Jean des Rivieres as directors of the Company for the ensuing year. Dale Matheson Carr-Hilton LaBonte LLP [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement offering composed of the sale of 16,666,667 units at a price of CAD$0.15 per Unit, for total gross proceeds of CAD$2,500,000. Each Unit is composed of one common share and one half of one Common Share purchase warrant . Each whole Warrant entitles the holder to purchase one Common Share at [...]
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