Monterey Minerals Inc. announces a non-brokered private placement of up to 5,600,000 Units at a price of $0.25 per Unit for gross proceeds of up to $1,400,000. Each Unit will consist of one common share and one non-transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share at a price of $0.35 for a period of 24 months from the date of issue and will be subject [...]
Monterey Minerals and announces that it has purchased a private company that has an option to purchase a 100% interest in 35 minerals claims in Ontario. The Haines Property, located in Haines Township, Ontario is the key asset of PrivateCo. Under the terms of the share exchange agreement, PrivateCo will receive 1,800,000 common shares of Monterey. The underlying option held by PrivateCo requires the following: Three [...]
Toronto, Ontario-- Monterey Minerals Inc. has announced a consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every eighty pre-consolidation common shares. As a result, the outstanding shares of the company will be reduced to approximately 1,914,995 common shares. The name and symbol will not change. Please note that all open orders will be cancelled at the [...]
Monterey Minerals today announces a corporate update pertaining to the issued and outstanding shares of the Company. The share consolidation previously announced in the press release dated July 16, 2021 will now be effective on July 27, 2021, Monterey will consolidate its outstanding common shares, on the basis of one post-consolidation common share for every eighty pre-consolidation common shares . In accordance with the [...]
Monterey Minerals Inc. today announces a corporate update pertaining to the issued and outstanding shares of the Company. On April 14, 2021, the Company reported that its Board of Directors decided to cease work at the Alicia Project in the Philippines and sold the property back to the original property vendor. Since that time, the Company has been evaluating its options. Effective July 23, 2021, Monterey will consolidate [...]
Monterey Minerals Inc. today announces that James Macintosh has resigned his position as President & CEO, and Director of the Company effective immediately to pursue other opportunities. As a result of the resignation, Monterey's Board of Directors has appointed David Lees as interim CEO. Mr. David Lees currently serves on the Board of Directors of Monterey, Mr. Lees has over 20 years' experience in the financial services [...]
Monterey Minerals Inc. and provides a corporate update pertaining to the Company's exploration strategy at the wholly-owned Alicia gold and base metals project in Alicia Municipality, Philippines. Monterey's Board of Directors has decided that the Company will not continue exploration work at the Alicia Project and as such, have reached an agreement with the original property vendor to return the Alicia Project back to [...]
Monterey Minerals Inc. reports assay results from the 2020 exploration drilling program that was recently completed at the wholly-owned Alicia gold and base metals project in Alicia Municipality, Philippines. The ten hole diamond drilling program was completed in December 2020 for a total of 2,074 metres. The program focused on three veins of the previously identified eleven veins that have been discovered at the project [...]
Monterey Minerals Inc. is pleased to announce that the Company has completed the previously announced ten hole diamond drilling program at its wholly-owned Alicia high-grade gold and base metals project in the Philippines. Highlights: Monterey's diamond drilling program at the Alicia Project was completed in December 2020. The drilling program consisted of 10 diamond holes for a total of 2,074 metres. Preliminary [...]
Monterey Minerals Inc. is pleased to report that New Age Exploration Limited has extended the previously announced option of the Company's Northern Pilbara Tenements until July 2021. The option, which includes four tenements, comprises 538 sq. km. Under the terms of the extension, Monterey will receive an additional CAD$100,000 and New Age agrees to spend AUS$400,000 in exploration expenditures on the Tenements prior to [...]
Monterey Minerals Inc. is pleased to provide an update on its 2020 drill program at the wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines. Summary Highlights, includes four completed holes: Hole # EX PV 011 - was completed to a depth of 150 metres and intersected the target zone at a depth of 106.5 m, with a 2 m wide zone of potentially mineralized quartz veining, clay [...]
Monterey Minerals Inc. is pleased to announce trenching and sampling program results and the discovery of a new vein at the wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines. Sampling and Trenching Highlights: Discovery of the Toto Vein along strike, making 11 veins in total identified on the property Trench results continue to confirm high grade Gold and Silver veins at [...]
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