TORONTO, Oct. 08, 2019 (GLOBE NEWSWIRE) -- 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).
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 by 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 Property (the “Property”), 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.
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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.
