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Monterey Minerals Inc.
Summary
| Project: | Cobalt Mountain | |
|---|---|---|
| Deposit: | Cobalt Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Cobalt | |
| Date: | 1/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2019: Monterey Minerals Inc. announces a Supporting Acquisition report for its Cobalt Mountain deposit at the Cobalt Mountain project. Summary of property and recommendations for further work. The Cobalt Mountain project area is located approximately | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Hanson (Longford Exploration Services Ltd.) | |
| ABSTRACT: | The Cobalt Mountain project area is located approximately 14 km south of Hazelton in northwest British Columbia in the Rocher Deboulé mountain range. Mining and mineral exploration activities have been intermittent in the area for over a century and focused on various commodities including gold, silver, copper, lead, zinc, cobalt, tungsten and uranium. Past producing underground mines in the area operated in the early and mid - 1900’s and focused on polymetallic quartz veins hosted near the margins of the Rocher Deboulé stock. Vein hosted deposits remain prospective but are generally low tonnage and difficult to market. The proximal nature of the veins around the stock suggests the stock itself may be the main metallogenic driver to precious and base metal mineralization. This report is a compilation of all the work completed on the project area to date. The goal of this report is to provide a platform for future mineral exploration on the property for porphyry style, base metal deposits with peripheral polymetallic vein hosted deposits. A recommended work program includes property scale mapping, prospecting, geochemical sampling, helicopter supported trenching and 1,500 m of diamond drilling. Total cost of the proposed work for Year 1 is $120,000 with a follow-up budget of $530,000 contingent on positive results. | |
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