Montero Review Returns 14.21 G/T Au & 164 G/T AG at the Isabella GOLD Silver Project IN Southern Chile
MONTERO REVIEW RETURNS 14.21 g/t Au & 164 g/t Ag
AT THE ISABELLA GOLD SILVER PROJECT IN SOUTHERN CHILE
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES
Toronto, Ontario – October 19, 2020 – Montero Mining and Exploration Ltd. (TSX-V: MON) has completed its first
exploration campaign at the Isabella Gold Project in the Southern Coastal Range of Chile . Isabella is located
approximately 200 km south of Santiago and is situated at approximately 500 m elevation (see Figure 1).
Figure 1: Isabella Property Location Map
Montero recently completed the purchase of a 100 % interest in a Chilean corporation (“ChileCo”) that holds the
mining rights to the Isabella Gold Project. The most recent sampling program was carried out to verify types and
styles of mineralization and confirm prior assay results. The program consisted of chip sampling of selected exposed
quartz veins previously sampled by ChileCo. Based on a positive review of the Montero and previous sample assay
results and field observations, Montero intends to complete an initial drill program on 4 high grade Au-Ag priority
vein targets; Target Areas A, B, C & D are permitted for drilling (see Figure 2).
Figure 2: Location of Priority Drill Target Areas
Montero Verification Sample Program
From September 20-26th 2020, Montero collected twenty-two (22) chip samples across selected quartz veins from
the 4 priority target areas and submitted them for assay to Andes Analytical Assay Ltda. in Santiago. Table 1A lists
Montero’s results and Table 1B lists ChileCo results from the same target area s. Montero sampling confirms the
results obtained from ChileCo’s prior sampling.
Table 1A: Montero Samples Table 1B: ChileCo Samples
“Montero has successfully completed its initial sampling program at the Isabella gold project.” commented Dr.
Tony Harwood, President of Montero. “Montero was able to repeat similar assay results and confirm styles of
mineralization as previously reported. Our next step is to drill test the four vein target areas .”
Qualified Person
This press release was reviewed and approved 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. Mr. Vergara has visited
the property and reviewed previous sampling techniques and analysis and supervised Montero sampl e collection
and analyses. Sr. Vergara has extensive experience in gold exploration in Chile.
About Montero
Montero is a junior exploration company focused on finding, 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 opportunities in Chile. Montero’s board of directors and management 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 21,880,818 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 certain "forward -looking information"
within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, state ments, projections
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 anticipate”, or “believes”,
or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”
or “be achieved”. Such information is based on information currently available to Montero and Montero provides 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 condition 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 for minerals; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developmen ts; 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 l ist 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.