Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) stated on Thursday it has begun drilling at its Elvira Gold Undertaking in Chile, launching a first-pass program designed to check high-priority targets throughout the venture’s epithermal and porphyry copper-gold system.
The preliminary program includes 4 holes focusing on round 2,025 metres.
The primary gap targets the central portion of a chargeability anomaly higher than 22.5 mV/V at depth beneath the historic drillhole EL-12 space.
Montero stated the outlet is meant to check the interpreted hyperlink between a shallow epithermal gold system and a deeper porphyry copper-gold goal.
The corporate famous that historic drilling within the EL-12 space by Buena Vista Gold returned an intersection of 4 metres at 4.9 grams per tonne gold from 264 to 268 metres, together with 17.85 g/t gold, which Montero interprets as a high-grade feeder or upflow place.
“Montero’s work at Elvira has materially improved our understanding and highlighted the dimensions of the mineral system,” stated Dr Tony Harwood, Montero’s CEO.
Subsequent holes within the preliminary sequence are deliberate to check the EL-09/ELRC-16/ELRC-22 space, the place historic drilling helps a copper vector towards a deeper chargeability goal, in addition to an epithermal cap-to-porphyry hyperlink goal and a high-sulphidation feeder goal.
The corporate stated it has accomplished website preparation, logistics planning and discipline mobilization forward of the drill marketing campaign. Observe-up holes could also be adjusted based mostly on outcomes from the preliminary part.