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Montan Expands Greater Las Huaquillas Project, Insider Purchases Shares In Market
(via TheNewswire) Vancouver, BC, December 13 th , 2018 - Montan Mining Corp. (T...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Montan Expands Greater Las Huaquillas Project, Insider Purchases Shares In Market(via TheNewswire)\n\n \n \n\n \n \n\n\n\n \nVancouver, BC, December 13th, 2018 - Montan Mining Corp. (TSX-V: MNY | FSE: S5GM | SSE: MNYC) (\"Montan\" or the \"Company\") is pleased to announce that it has filed claim for further 100% owned mineral concessions contiguous to its recently announced Greater Las Huaquillas (\"GLH\") Project (refer Company News Release of December 6th, 2018; http://www.montanmining.ca/_resources/news/nr-2018-12-06.pdf ).\n\n \n \nAt the time the GLH transaction was announced, the project comprised of 14 concessions: 5 held 100% and 9 held 44.5%. Following the new concession filings, the GLH now comprises of 18 concessions arranged as follows:\n\n\n \n\n\n9 concessions for approximately 3,800 Ha additional mineral title on a 100% basis, and\n\n\n\n9 concessions for approximately 3,600 Ha on a 44.5% basis (Core Las Huaquillas).\n\n\n\n \n \nPreliminary reviews of the prospectivity of the GLH project by Montain Mining confirm the mineral prospectivity of the project is likely to extend beyond the Core Las Huaquillas project area. Montan Mining notes that historical studies have also highlighted extensive prospectivity of the project area, including the identification of additional zones anomalous in gold and copper. The most recent public company to be involved in assessing the prospectivity of the Las Huaquillas project, at the time presented that they had a \"target to grow to 4 million ounces of gold\" at the property. This assessment was deemed to be \"conceptual but believed to be realistic based on an epithermal model; given the size of the mineralizing systems and structures (ground preparation), the demonstrated large-scale hydrothermal system(s) and the confirmed enrichment of mineralization (as demonstrated by Los Socavones and the San Antonio and Cementario porphyry zones).\" In order to ensure Montan Mining has captured the highest priority project areas of this highly prospective region, the Company has rapidly embarked on a strategic concession acquisition program, which has already more than doubled the project area, with more than half this area under Montan Mining's 100% control.\n\n \n \nTransaction Update\n\n \n \nThe Core Las Huaquillas project is to be acquired per a binding Sale Purchase Agreement (the ...