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Monterey Minerals Announces Discovery of New Vein and Reports on Trenching and Sampling Program
Newly Discovered Toto Vein reports surface samples including 10.08 g/t Au and 65.6 g/t Ag over 0.3 metres TORONTO, ON / ACCESSWIRE / October 14, 2020 / Monterey
About this update from Puranium Energy Ltd
[{"type":"text","content":" Newly Discovered Toto Vein reports surface samples including 10.08 g/t Au and 65.6 g/t Ag over 0.3 metres TORONTO, ON / ACCESSWIRE / October 14, 2020 / Monterey Minerals Inc. (the \"Company\" or \"Monterey\") (CSE:MREY and FSE:2DK) is pleased to announce trenching and sampling program results and the discovery of a new vein at the wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines (\"Alicia Project\"). Sampling and Trenching Highlights: Discovery of the Toto Vein along strike, making 11 veins in total identified on the property Trench results continue to confirm high grade Gold and Silver veins at Alicia Gold and Silver results from the trenches include: 10.08 grams per ton tonne gold (\"g/t Au\") and 65.6 grams per tonne silver (\"g/t Ag\" over 0.3 metres (\"m\") at the new Toto Vein 2.31 g/t Au and 0.5 g/t Ag over 1.0m at the Pamaraw Vein 1.35 g/t Au and 2.0 g/t Ag over 1.3m at the Pamaraw Vein 1.58 g/t Au and 9 g/t Ag over 1.0m at the Baloy Vein Sampling and trenching to continue alongside the recently announced drilling program(see press release dated October 7, 2020) \"Our most recent surface trenching has continued to return high gold grades in new veins and vein extensions. This data is being used to update our exploration drilling plan, with core drilling now underway on the first hole of the 3,000m program. Alicia is emerging as a significantly attractive project. Although early-stage, these high-grade gold assays from surface trenching suggest that the deeper targets may potentially form larger concentrations of mineralization\", stated Max Tuesley, In-Country Manager. \"Monterey will build on these results and continue to undertake a systematic trenching, mapping and sampling program at the Alicia Project. With the addition of the Toto vein, over 11 veins, with high grade gold and base metals, have been identified to date over a combined strike length of greater than 10 km\", stated James Macintosh, President and CEO. \"We continue to believe that our property location is situated on a system that could prove to be very rewarding for our shareholders.\" The Toto Vein The recently discovered Toto Vein is geologically significant as the vein displays clear breccia characteristics and is significantly altered, with sericite, quartz and base metal sulphides being identified by...