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Monterey Minerals Provides Update on Drill Program
Drilling to date include four completed drill holes for approximately 800 metres and discovery of the 11th vein along strike. TORONTO, ON / ACCESSWIRE / Novembe
About this update from Puranium Energy Ltd
[{"type":"text","content":" Drilling to date include four completed drill holes for approximately 800 metres and discovery of the 11th vein along strike. TORONTO, ON / ACCESSWIRE / November 4, 2020 / Monterey Minerals Inc. (the \"Company\" or \"Monterey\") (CSE:MREY) (FSE:2DK) is pleased to provide an update on its 2020 drill program at the wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines (\"Alicia Project\"). Summary Highlights, includes four (4) completed holes: Hole # EX PV 011 - was completed to a depth of 150 metres (\"m\") and intersected the target zone at a depth of 106.5 m, with a 2 m wide zone of potentially mineralized quartz veining, clay alteration and silicified breccia (\"Target Zone\"), which is \"textbook\" epithermal (see Figure 1). Hole # EX PV 012 - was completed to a depth of 268 m and intersected two Target Zones. At a depth of 100 m, a 13 m wide zone was intersected and at the depth of 228 m a second 5 m wide zone was intersected (see Figures 2 and 3). Hole # EX PV 013 - was completed to a depth of 180 m Hole # EX PV 014 - was completed, yesterday, to a depth of 193 m and intersected a 3.5 m wide zone of the Target Zone at a depth of 167 m. The exploration model is being confirmed by drilling Discovery of the Toto Vein along strike, making 11 veins in total identified on the property Exploration Model The Company's technical team has observed several key identifiers in the drill core that suggest that the Alicia project is located within the highly prospective \"boiling zone\" of an epithermal system (see Figure 1). Evidence of this system includes the presence of colloform quartz banding, breccias, late massive calcite veins, native gold, and the presence of fluorite, which have been identified in the core that has been logged to date (see Figure 3.) \"While we are awaiting the assay results from the first two holes (see Figure 2), we will log the core for holes three and four, get that core into the assay lab and move to the next drill pad. Hitting four zones of potential mineralization, all exhibiting quartz veining with clay alteration and silicified breccia in our first four holes is solid confirmation of our understanding of the geology occurring at the Alicia Project\", stated Max Tuesley, In-Country Manager. The Toto Vein The recently discovered Toto Vein is geologically signifi...