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Montego Resources Inc.
Montego Resources Inc.
Registriert in: Kanada WKN: A3D388 Rohstoffe:
Art: Originalaktie ISIN: CA61238K3091 Gold
Silber
Heimatbörse: CSE Alternativ: MONGF
Währung: CAD    
Symbol: MY.CSE Forum:

Montego announces Taylor Property work exploration program

15.03.2018 | 6:00 Uhr | CNW

VANCOUVER, March 15, 2018 /CNW/ - Montego Resources Inc. (CSE: MY) (the "Company" or "Montego") is pleased to announce a 2018 planned scope of work exploration program on their Taylor Silver Property (Property) located in White Pine County Nevada. The 2018 scope of work will be committed in two phases with Phase 2 yet to be defined and based on the progress and results from the Phase 1 program.

The Phase 1 program on the Taylor Silver Project will consist of  RC drilling, property scale detailed mapping, soil sampling and, initiation of a re-assay for gold program on select stored rejects and pulps from drill holes previously sampled for silver only.

Work on the project will begin by Mid-March.

Drilling will most likely take place in early to mid-June and targets will be located on Montego's patented claims within the Taylor Silver Project. Drilling on patented claims do not require the detailed BLM drill permitting process required on unpatented claims. Phase 1 drilling will be designed to test zones for gold and silver mineralization continuous with already defined mineralization and to test zones for mineralisation outside the defined mineralized envelope as well as along deep high angle structures.

Detailed property scale mapping and soil sampling will build upon the work completed work by previous operator Silver Predator and highlight both high angle structures and lineament intersections for deep drilling target evaluation. Soil sampling will continue as a property scale tool to outline silver and gold mineralization not already drilled.

Re-sampling of stored pulps and rejects from select drill holes within the mineralized (Ag) envelope will serve to evaluate and develop the importance of gold in the system. A significant amount of those stored samples were sampled for silver only and Monetgo will begin the process of assaying for gold.

Highlights of the Taylor project include:

  • Established mineral tenure and permitting procedures in a politically stable jurisdiction.
  • Historic resource.
  • Favourable stratigraphy for a Carlin gold system including decalcification, silicification, Jasperoids, high angle N-NNW structures, silty Devonian carbonates ( Guilmette Formation) and local felsic intrusions cutting all stratigraphy.
  • Previous drilling results by Silver Predator show strong gold and or silver mineralization in drill hole assays near surface.
  • Strong database and geological expertise.
  • Already defined mineralization.
  • Excellent infrastructure and highway access, 24 kilometres southeast of Ely, Nevada.

The scientific and technical data contained in this news release was prepared and reviewed by William Cronk, P.Geo., a non-independent qualified person to the Company. Mr. Cronk is responsible for ensuring that the geologic information provided in this news release is accurate and acts as a qualified person pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF MONTEGO RESOURCES INC.

"Kenneth Tollstam"
Chief Executive Officer

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

SOURCE Montego Resources Inc.



Contact
Montego Resources Inc., Suite 800, 1199 West Hastings Street, Vancouver, BC, V6E 3T5, T 604-283-1722, F 888-241-5996
 
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