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Montero Mining and Exploration ( (TSE:MON) ) has provided an announcement.
Montero Mining and Exploration Ltd. has secured options to acquire 100% interest in the Elvira and Potrero gold projects in Chile’s Maricunga Belt, a prominent mining district. The agreements involve staged payments totaling $7 million per project over six years, with Montero having the right to terminate at any time. The acquisition positions Montero strategically in a highly prospective gold region, with potential for new discoveries amidst historically high gold prices. The projects are characterized by significant gold mineralization potential, with historical drilling indicating promising results for future exploration.
More about Montero Mining and Exploration
Montero Mining and Exploration Ltd. is a company involved in the mining industry, focusing on the exploration and development of mineral properties. The company operates primarily in the gold sector and is expanding its portfolio with projects in Chile’s Maricunga Belt, a region known for its rich gold deposits.
Average Trading Volume: 62,714
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.38M
See more data about MON stock on TipRanks’ Stock Analysis page.