Montero Completes 625.25-Metre Drillhole at Elvira Gold Project, Reports Pyrite Alteration
Montero Mining and Exploration Ltd. has completed drillhole MON-ELV-02 at the Elvira Gold Project in northern Chile, reaching a depth of 625.25 metres. Geological logging indicates the presence of pyrite-bearing high-sulphidation alteration, with assay results pending for further analysis of metal content.
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Montero Mining and Exploration Ltd. has finalized drillhole MON-ELV-02 at the Elvira Gold Project, achieving a depth of 625.25 metres. The geological logging revealed significant pyrite-bearing high-sulphidation alteration and advanced-argillic alteration from the surface to approximately 194.40 metres, followed by feldspar-quartz-amphibole porphyry.
A faulted contact was identified at around 194.40 metres, and widespread quartz-alunite-pyrite alteration was observed throughout the porphyry. Notably, pyrite mineralisation was recorded at various depths below approximately 253 metres.
The findings support Montero's targeting model, and further laboratory assays will be necessary to confirm the presence of gold, silver, or copper. This drilling advance may provide insights into the potential for deeper mineralization, impacting future exploration strategies.
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