Monterey Minerals Reports on the 2019 Field Work Program Underway at Cobalt Mountain Property in BC
Monterey Minerals Reports on the 2019 Field Work
Program Underway at Cobalt Mountain Property in BC
TORONTO, ON – October 8, 2019 - Monterey Minerals Inc. (the “ Company” or “ Monterey”)
(CSE: MREY) is pleased to report on the 2019 exploration program underway on the Company’s
Cobalt Mountain Property in British Columbia, Canada.
President and CEO, James Macintosh stated: “Crews have recently undertaken a field program of
geological mapping, prospecting and soil sampling with results expected soon. The program was
designed to expand on work completed by previous operators and to follow up on porphyry
copper targets identified by previous airborne surveys and compilation work.”
Crews visited and sampled four distinct targets over an 8 km trend including Balsam, Tina, Zante
and Corinth (see below).
Main Target Areas for 2019 Field Work
Spectral analysis of a wide selection of samples was also completed, including drill core samples
from previous programs, in preparation for a remote sensing survey using available satellite
ASTER data. Processing of ASTER data has shown to be effective in identifying alteration minerals
and mapping alteration zones of Cu-Mo-Au-Ag (Copper, Molybdenum, Gold and Silver) porphyry
systems providing an additional layer of data to assist in drill targeting.
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 national instrument 43 -101 and an independent
consultant to the company.
About Monterey Minerals Inc.
Monterey Minerals is a mineral exploration company focused on its prospective 992 sq. km .
Pilbara Basin tenement portfolio 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. The Company also owns the Cobalt Mountain Pro perty (the “Pro perty”), near
Smithers, BC. The Company’s NI 43-101, on SEDAR, notes historic sampling at the Property that
returned mineralized showings of gold, silver, copper, zinc and cobalt.
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.