Montero Mining kicks off drilling at Elvira gold project

The archetypal programme comprises 4 holes targeting astir 2,025 metres.

The archetypal spread targets the cardinal information of a chargeability anomaly greater than 22.5 mV/V astatine extent beneath the humanities drillhole EL-12 area.

Montero said the spread is intended to trial the interpreted nexus betwixt a shallow epithermal golden strategy and a deeper porphyry copper-gold target.

The institution noted that humanities drilling successful the EL-12 country by Buena Vista Gold returned an intersection of 4 metres astatine 4.9 grams per tonne golden from 264 to 268 metres, including 17.85 g/t gold, which Montero interprets arsenic a high-grade feeder oregon upflow position.

“Montero's enactment astatine Elvira has materially improved our knowing and highlighted the standard of the mineral system," said Dr Tony Harwood, Montero’s CEO.

Subsequent holes successful the archetypal series are planned to trial the EL-09/ELRC-16/ELRC-22 area, wherever humanities drilling supports a copper vector toward a deeper chargeability target, arsenic good arsenic an epithermal cap-to-porphyry nexus people and a high-sulphidation feeder target.

The institution said it has completed tract preparation, logistics readying and tract mobilization up of the drill campaign. Follow-up holes whitethorn beryllium adjusted based connected results from the archetypal phase.