Monterey announces Drilling at Alicia
Monterey Minerals Announces
Commencement of Drilling at Alicia Gold Project
TORONTO, ON - October 7, 2020 - Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE:
MREY and FSE :2DK) is pleased to announce that drilling has commenced at Monterey’s wholly-
owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines (“Alicia
Project”).
With the commencement of drilling, the Company will execute an initial 3,000 metre program.
The drilling targets will focus on the high-grade gold and polymetallic Pamaraw, Baloy, Sandi and
Quintilla veins which have been identified over the 10 kilometres of strike length at Alicia.
Core Drill Rig at Alicia Gold Project, Philippines
“We look forward to putting our exploration theories to the test with our drilling program. Our
view is that some of the veins previously identified could merge at depth and generate a larger,
higher grade system. We will continue to update the market throughout the fourth quarter of
this year with results”, stated James Macintosh, President and CEO.
Qualified Person
The technical information in this press release has been reviewed and approved by Martin Dormer, a
consultant to the Company, who is a Qualified Person as defined by NI 43-101. Martin is a member of
the Australian Institute of Mining and Metallurgy (AusIMM), the Australian Institute of Geoscientists
(AIG). He is a West Australian geologist with over 22 years’ experience and sufficient experience of
relevance to the styles of mineralization and types of deposits under consideration to qualify as a
Competent Person as defined by the 2012 Edition of the Joint Ore Reserves Committee (JORC)
Australian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves.
About Monterey Minerals Inc.
The Company owns 100% of the Alicia Project in the Alicia Municipality of the Philippines. The
Alicia Project is a system of multiple, high-grade gold and silver veins with base metals over a
strike length of greater than ten kilometres. The Company also owns the Cobalt Mountain
Property (the “Property”) in the Omineca Mining Division of British Columbia near the town of
Smithers. The Company’s NI 43-101 technical report, available on SEDAR, notes historic sampling
on the Property that returned mineralized showings of gold, silver, copper, zinc and cobalt. The
Company also owns 877 sq. km. of prospective Pilbara Basin tenements on the eastern flank of
the Pilbara Basin in Western Australia.
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.