- Cu-Mo porphyry target identified at Montero’s (MON) Avispa Project in Chile
- The report generated a 3D conceptual target indicating the possible location of porphyry copper-molybdenum mineralization at depth
- The drilling chip geochemical dataset from an area of close-spaced drill holes was analyzed by Fathom using proprietary software
- Results show a significant coincident target modelled under the central part of the area that was processed
- The company is currently evaluating other targets at the site with Fathom to define potential porphyry drill targets with results expected in Q4 of this year
- Montero Mining and Exploration (MON) is trading at C$0.04 at 4 pm EST
Montero Mining and Exploration (MON) received a positive report from Fathom Geophysics from the analysis of geochemical data on the Avispa property.
The “3D footprint Modelling at Avispa” report generated a 3D conceptual target indicating the possible location of porphyry copper-molybdenum mineralization at depth.
Geologists also collected reverse circulation drill chip piles from drilling sites believed to have been completed by BHP and Quantum Pacific Exploration Chile on the Avispa property.
Some samples returned anomalous copper and molybdenum values, as previously reported.
Avispa has located 40 km to the west of the Chuquicamata copper porphyry deposit and is within the defined north-south trending Palaeocene–Eocene Cu-Mo porphyry belt.
The drilling chip geochemical dataset from an area of close-spaced drill holes was analyzed by Fathom using proprietary software, comparing it to idealized models of mineralized porphyry systems.
Results show a significant coincident target modelled under the central part of the area that was processed.
RC drill hole samples obtained from the rest of the property and lithological samples obtained from the San Salvador River valley provide an additional dataset for analysis by Fathom.
Dr. Tony Harwood, President and CEO of Montero, commented, “Independent modelling carried out […] have generated a significant copper molybdenum drill target area at depth.”
“Avispa is being investigated for its potential to host a significant copper-molybdenum porphyry deposit at depth and near other near surface deposits. The Company continues to evaluate other areas on the Property,” added Dr. Harwood.
The company is currently evaluating other targets at the site with Fathom to define potential porphyry drill targets. Results of this work are expected in Q4, 2022 and will be integrated into a drill targeting program.
Montero (MON) is a junior exploration company trading at C$0.04 at 4 pm EST.