Proactive Investors
28 May 2026, 13:45 UTC · 2h ago
Montero Mining kicks off drilling at Elvira gold project
Source · https://www.proactiveinvestors.com/companies/news/1093054
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Proactive Investors
28 May 2026, 13:45 UTC · 2h ago
Source · https://www.proactiveinvestors.com/companies/news/1093054
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Story key points
3 claims · impact-rated
Montero Mining and Exploration has commenced a first-pass drilling program at its Elvira Gold Project in Chile. — The transition from planning to active drilling is a primary value catalyst for junior explorers, as it leads to the first set of tangible discovery data.
+0.40The company is targeting a chargeability anomaly greater than 22.5 mV/V beneath a historical drill site that previously returned 4 metres at 4.9 g/t gold. — Targeting areas with historical high-grade intersections increases the probability of a positive discovery.
+0.30The initial drilling campaign consists of four holes targeting approximately 2,025 metres across epithermal and porphyry copper-gold systems. — Provides the specific scale of the exploration effort, though the impact is contingent on the eventual assay results.
+0.20Ticker attribution
Model heads
The company has commenced a first-pass drilling program at its Elvira Gold Project to test high-priority targets.
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