- Montero Mining (MON) is consolidating its property holdings at the company’s Avispa Copper-Molybdenum Property
- The property is located in the Atacama Desert of northern Chile
- The company has finalized the regulatory process for 200.8 square kilometres of exploration concessions
- It is also finalizing the regulatory process on an additional 270.5 square kilometre of the Abeja concessions
- Once completed, the company would hold 100 percent ownership of a total of a contiguous 473.3 square kilometres
- Montero Mining is up 7.14 percent, trading at $0.075 at 9:41 a.m. EST
Montero Mining (MON) is consolidating its property holdings at the company’s Avispa Copper-Molybdenum Property.
The property is located in the Atacama Desert of northern Chile.
The Vancouver-based mineral exploration company is continuing to consolidate its property holdings at the Avispa Project. The company has finalized the regulatory process for 200.8 square kilometres of exploration concessions that includes the original Avispa and recently awarded Abeja exploration concessions that were registered in 2021.
It is also finalizing the regulatory process on an additional 270.5 square kilometre of the Abeja concessions. The company expects the remaining regulatory processes to be completed during the second quarter. Once completed, the company would hold 100 percent ownership of a total of 473.3 square kilometres.
The consolidated Avispa and Abeja concession are surrounded by major mining companies with exploration and mining concessions with groups.
“With advancement of the regulatory process Montero will control a significant land package in this world class porphyry copper district. The presence of major companies such as Glencore, Freeport and Antofagasta actively exploring in the district makes Montero’s land package very prospective. The Company continues its mapping and sampling program and will provide updates,” said Montero President and Chief Executive Officer Dr. Tony Harwood.
Montero has completed a thorough investigation of historical information on exploration in this highly prospective area.
The company has planned an exploration program that includes; detailed geological mapping, surface sampling, ground and airborne geophysical surveys with the objective of defining drill targets.
Montero Mining is up 7.14 percent, trading at $0.075 at 9:41 a.m. EST.
