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Monterey Minerals Announces Exploration Plans at Alicia Project in the Philippines
TORONTO, June 08, 2020 (GLOBE NEWSWIRE) -- Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE:MREY and FSE:2DK) is pleased to announce its 2020 explorati
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[{"type":"text","content":" TORONTO, June 08, 2020 (GLOBE NEWSWIRE) -- Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE:MREY and FSE:2DK) is pleased to announce its 2020 exploration plans on the Alicia high-grade gold and base metals project in Alicia Municipality, Philippines (“Alicia Project”). The exploration focus for the 2020 exploration plan will be to prove continuity between the previously identified veins and better understand the bigger system at depth that the Company’s technical team believes is feeding these near-surface veins along the greater than eleven (11) kilometers of strike. 2020 Exploration Plan Highlights: Exploration drilling along strike down to a depth of 300 metres to: Discover the source of the veins at surface and test the geologist’s premise that the vein systems are merging at depth Define the down-dip continuity/extension of the vein systems, grade distribution, consistency and vein characteristics Check consistency of zone width and grade at depth below the near surface oxidation zone Begin the groundwork for JORC or NI 43-101 maiden resource Priority Drill targets include: Pamaraw- Sumilhig Area (the “PSA”) (see Figure 1) Baloy Vein (see Figure 2) Ground and downhole IP surveys to define possible extent of mineralization Extended geological mapping, trenching and sampling program President and CEO, James Macintosh stated: “The data already accumulated from the brief, yet effective exploration programs carried out by Greater Arc have given us a head start on effectively identifying a much bigger system along strike and at depth. We plan to begin exploration immediately, which will include drilling and some bulk sampling. Our geologic team and technical advisors are Philippines-based and were instrumental in Medusa Mining’s success which gives us a high degree of confidence in our exploration thesis.” Drill Target: Pamaraw - Sumilhig Area (“PSA”) Previous drilling on this target did not generate significant results nor did it gather the best information as the holes were too shallow and too close to the vein. The Company’s target area for the PSA is below the Sumilhig Adit. The Sumilhig Adit has a total on-vein length of 190 metres with vein materials comprised of mostly white to grayish quartz with specks of sulfides and some visible gold. Our review of the geology suggests that the b...