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Montero Mining and Exploration Ltd.
Summary
| Project: | Soris | |
|---|---|---|
| Deposit: | Soris | |
| Location: | Namibia | |
| Commodities: | Lithium-Tantalum-Tin-Caesium-Rubidium | |
| Date: | 1/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2018: Montero Mining and Exploration Ltd. announces an Exploration/Drilling Update report for its Soris deposit at the Soris project. Resampling of historic RC chips results incl. 44m @ 0.96% Li2O, 174ppm Ta2O5, 692ppm SnO2 from3m. Toronto, Ontario – | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Evans (Internal) | |
| ABSTRACT: | Toronto, Ontario – January 9, 2018 – Montero Mining and Exploration Ltd. (TSX-V: MON) has completed assaying for lithium of all of the available reverse circulation (RC) chips from a historical RC drill program conducted at the Soris Lithium project. The prior operator did not assay for lithium. The results have been assessed and positive lithium values from inclined and vertical drill holes have been returned from the spodumene pegmatite intercepts. Montero has subsequently analysed for lithium, cesium and rubidium from sample pulps from the same laboratory. The results reported support that lithium bearing spodumene mineralization sampled at the surface is continuous in places within the pegmatites and extends to depth in the Main Workings zone. Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero has completed its preliminary assay program and established significant concentrations of lithium mineralization within the spodumene pegmatites at surface and at depth on the Soris Lithium Project. Surface channel sampling conducted by Montero across the pegmatite returned lithium values over 14 metres of 1.93% Li2O. Re-assaying of the RC drill chips returned lithium oxide intercepts over 44 metres of 0.96 % Li2O, 25 metres of 1.26% Li2O, 22m at 1.05% Li2O and 21 metres at 1.12% Li2O. Montero is continuing its review of the data (including modeling of the existing drill data) and is designing an exploration and drill program to define a potential resource at Soris.” | |
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