Monterey Minerals Reports Results from Recent Field Work Program at Cobalt Mountain in BC
Monterey Minerals Reports Results from Recent Field Work
Program at Cobalt Mountain in BC
TORONTO, ON - October 29, 2019 - Monterey Minerals Inc. (the “Company” or “ Monterey”)
(CSE: MREY) is pleased to report on results from the 2019 soil sampling, prospecting and mapping
program recently completed on the Company’s Cobalt Mountain Property located near Smithers
British Columbia. The Company announced that the program was underway on October 8, 2019.
President and CEO, James Macintosh state d: “Buildi ng on previous work, crews were able to
define multiple soil anomalies for both copper and molybdenum that are related to magnetic
anomalies identified by previous operators. Zonation of mineralization as you would expect from
a porphyry system is starting to become apparent, allowing us to begin to build a model that will
drive future exploration.”
Figure 1 - Soil Sample Results Overlain on Magnetic Highs
The Zante Target showing hosts the largest copper (Cu) and coincidental molybdenum (Mo)
anomalies covering an area of 1500m x 1000m with the Cu/Mo overlying geophysical magnetic
highs. The Cu anomalies remain open to the east, west and north towards Tina. (Figure 1).
In addition to the Zante Target showing, limited sampling indicates coincidental Cu and Mo soil
anomalies at Corinth Target area along with stockwork Cu mineralization. Both the historic Tina
and Balsam targets returned elevated values for Cu in soils and rock samples. See Table 1 below
for selected highlights of rock chip sampling.
Table 1 - Highlights of Rock Sampling
Sample # Zone Cu % Mo % Au g/t Ag g/t
194233 Zante 0.288 7.7
194234 Zante 0.146 0.267 0.59 182
194236 Zante 0.213
194241 Corinth 0.212 0.018
194250 Balsam 0.1073 0.04
1041869 Balsam 0.231 0.125
G066752 Corinth 0.101
G066753 Corinth 0.205
Qualified Person
The technical information in this press release has been reviewed and approved b y Scott Petsel,
P.Geo, a qualified person as defined by N ational Instrument 43 -101 and an independent
consultant to the Company.
About Monterey Minerals Inc.
The Company owns 100% of the Cobalt Mountain Property (the “Property”) in the Omine ca
Mining Division of British Colu mbia near the town of Smithers. The Company’s NI 43 -101, on
SEDAR, notes historic sampling on the Property that returned mineralized showings of gold,
silver, copper, zinc and cobalt. The Company also has 992 sq. km. of prospective Pilbara Basin
tenements on the eastern flank of the Pilbara Basin in Western Australia, including a property
that abuts Pacton Gold’s tenement where gold-bearing conglomerates were identified.
For more information, contact investor relations at [email protected]
On Behalf of the Board of Directors,
James Macintosh
President and CEO
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepted responsibility for the adequacy or accuracy of this press release
This press release may include forward- looking information within the meaning of Canadian securities
legislation, concerning the business of the Company. Forward-looking information is based on certain key
expectations and assumptions made by the management of the Company. Although the Company believes
that the expectations and assumptions on which such forward- looking information is based on are
reasonable, undue reliance should not be placed on the forward-looking information because the Company
can give no assurance that they will prove to be correct. Forward- looking statements contained in this
press release are made as of the date of this press release. The Company disclaims any intent or obligation
to update publicly any forward-looking information, whether as a result of new information, future events
or results or otherwise, other than as required by applicable securities laws.