Montero Expands Land Holdings at the Isabella Gold Silver Project
Montero Expands Land Holdings at the Isabella Gold Silver Project
Toronto, Ontario – February 10, 2021 – Montero Mining and Exploration Ltd. (TSX-V: MON ) (“Montero” or the
“Company”) has received con firmation of issuance of exploration license s east and contiguous to the currently
held Isabella claims. The new claims cover an additional 7 km of granite -sediment contact with reported granite -
hosted quartz veins similar to those defined within Montero’s Isabella East and Isabella West property blocks. The
Isabella Properties are located approximately 200 km south of Santiago and 125 km south of Yamana’s Minera
Florida mine in the Southern Coastal Range of Chile.
Dr Tony Harwood, President of Montero commented: “Montero has secured additional claims covering a further
7 km strike length along the granite sedimentary contact to the east of the existing Isabella claims. At Isabella,
the Company is currently completing a maiden drill program to test 4 priority gold silver vein targets and a
sedimentary geophysical target. Further mapping and sampling of these newly acquired claims is underway.”
New Exploration License Applications
Montero expanded its land hold ings in the Isabella district b ased on pr ior geological mapping and surface rocks
sampling carried out by the previous property owner. The new claims cover a 21 km2 area immediately east and
contiguous to the current Isabella property holdings. Under the regulatory process the licenses will be constit uted
during Q2 2021 and will be 100% owned by Montero. The new licenses cover an additional 7 km of granite -
sediment contact containing numerous, structurally controlled quartz veins within the granite. Previous
reconnaissance chip sampling returned values up to 0.85 g/t Au, 23 g/t Ag in exposed veins which range d up to 4
m in width.
Figure 1: Isabella’s new license applications covering 7 km of granite-sediment contact hosting quartz veins (shown in red).
Isabella Property Block
Qualified Person Statement
This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr. Sci. Nat., who is a qualified person for
the purpose of National Instrument 43 -101 and a Consulting Geologist to Montero. A review was also undertaken
by Sr. Marcial Vergara B.Sc. who is resident of Chile and a Qualified Person for the purpose of National Instrument
43-101 and a technical advisor to Montero. Sr. Vergara has extensive experience in gold exploration in Chile.
About Montero
Montero is a junior exploration company focused on f inding, exploring, and advancing globally significant gold
deposits in Chile. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to
focus on gold opportuni ties in Chile. Montero’s board of directors and managem ent have an impressive track
record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture
Exchange under the symbol MON and has 38,647,485 shares outstanding.
For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: [email protected] Tel: +1 416 840 9197 | Fax: +1 866 688 4671 www.monteromining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news release includes c ertain "forward-looking information"
within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, proj ections
and estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or
“does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anti cipate”, or
“believes”, or variations of such words and phrase s or state that certain actions, events or resul ts “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provide s no assurance
that actual results will meet management's expectations. Forward- looking information by its very nature involves inherent risks and
uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those
expressed or implied by such forward- looking information. Actual results relating to, among other things, completion of the HOA, results of
exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial con dition and prospects, could
differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as
announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices f or
minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made
with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward- looking statements. These and
other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero
does not undertake to update any forward-looking information, except in accordance with applicable securities laws.