Montero Mining and Exploration Ltd.

Montero Mining and Exploration Ltd. has filed an NI 43-101 compliant report titled, Technical Report for the Isabella Gold Silver Project, Licanten District, Region VII, Chile on SEDAR. A 2,600m drill program is underway at the Isabella Gold Silver Project to test 4 gold silver quartz veins targets within granite and a sedimentary hosted geophysical target. Isabella is below a 600m elevation and located in the Coastal [...]

Montero Mining and Exploration Ltd. provides the following update on arbitration activities related to the expropriation of the Wigu Hill rare earth element Project by the Government of Tanzania. Montero is pleased to advise that it has completed a Litigation Funding Agreement with Omni Bridgeway Canada Limited an affiliate of the Litigation Funder. The Agreement provides for funds to be drawn from a financing facility to [...]

Montero Mining and Exploration Ltd. is pleased to announce that initial drill testing of the Isabella Au-Ag mineralized, quartz vein systems has commenced. 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 . The current drilling program will commence with an initial 1,200 meter program to test the vein [...]

Montero Mining and Exploration Ltd. has granted incentive stock options to the Board of Directors, Management and consultants. Subject to regulatory approval, Montero has granted 1,672,500 Stock Options to the Board of Directors, Management and consultants pursuant to the Corporation's incentive Stock Option Plan. The stock options are exercisable for a period of five years from the date of issuance at an exercise price [...]

Montero Mining and Exploration Ltd. is pleased to announce that at the Company’s Annual General Meeting held Tuesday, December 15, 2020 , all resolutions proposed were duly passed by the shareholders of the Company. Shareholders of the Company elected Dr. Antony Harwood, Gregory Hall, Andrew Thomson, Jamie Levy and Jean des Rivieres as directors of the Company for the ensuing year. Dale Matheson Carr-Hilton LaBonte LLP [...]

Montero Mining and Exploration Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement offering composed of the sale of 16,666,667 units at a price of CAD$0.15 per Unit, for total gross proceeds of CAD$2,500,000. Each Unit is composed of one common share and one half of one Common Share purchase warrant . Each whole Warrant entitles the holder to purchase one Common Share at [...]

Montero Mining and Exploration Ltd. is pleased to announce that it has increased its previously announced non-brokered private placement offering to up to $2,500,000, composed of the sale up to 16,666,666 units at a price of $0.15 per Unit. Closing of the Offering is expected to occur on or about December 2, 2020. Each Unit will consist of one common share and one half of one Common Share purchase warrant . Each whole [...]

Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 14,000,000 units at a price of CAD$.15 per Unit, for gross proceeds of up to CAD$2,100,000 . Closing of the Offering is expected to occur on or about December 2, 2020. Each Unit will consist of one common share and one half of one Common Share purchase warrant . Each whole Warrant will entitle [...]

Montero Mining and Exploration Ltd. has appointed Jean Des Rivi?res to the Board of Directors effective as of October 23, 2020. Jean des Rivi?res is a geologist by profession who worked for the past 23 years for the BHP group of companies. He first worked in Chile in 2002 and between 2005 to 2019 lived a total of 10 years in Santiago, Chile. For the past 7 years, Jean was Vice President of Exploration of BHP heading their [...]

Montero Mining and Exploration Ltd. 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 . Montero recently completed the purchase of a 100 % interest in a Chilean corporation that holds the mining rights to the Isabella Gold Project. The most recent [...]