Cobalt Mountain

Overview

The Cobalt Mountain project area is located approximately 14 km south of Hazelton in northwest British Columbia in the Rocher Deboulé mountain range. Mining and mineral exploration activities have been intermittent in the area for over a century and focused on various commodities including gold, silver, copper, lead, zinc, cobalt, tungsten and uranium.

Past producing underground mines in the area operated in the early and mid – 1900’s and focused on polymetallic quartz veins hosted near the margins of the Rocher Deboulé stock. Vein hosted deposits remain prospective but are generally low tonnage and difficult to market. The proximal nature of the veins around the stock suggests the stock itself may be the main metallogenic driver to precious and base metal mineralization.

2018 SITE VISIT

A site visit on March 6, 2018, was done with intent to visit known mineralized zones and, if possible, take samples to verify the existence of copper, gold, silver, zinc and cobalt mineralization. A total of three samples were collected from outcrop and subcrop near the Brunswick Minfile location. The samples confirm the presence of mineralization.

NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT – January 10, 2019

QUALIFIED PERSON:
The qualified person (“QP”) as defined in NI 43-101 and author of this report is Jeremy Hanson. Jeremy Hanson is an independent Consulting Geologist with ten years’ experience working on precious and base metal mineralization/deposits.

Cobalt Mountain

Claims

The Cobalt Mountain Project consists of 13 contiguous mineral claims covering some 4,810.6ha located in the Omineca Mining Division of northwest British Columbia

The claims are under option to Landsdown Holdings Ltd. a British Columbia corporation having an office at Suite 700-55 University Ave., Toronto, ON who have the right to earn a 100% undivided interest in the property from the original vendors.

The Mineral Titles Online website confirms that all claims of the Cobalt Mountain property as described in Table 4.1 were in good standing at the date of this report and that no legal encumbrances were registered with the Mineral Titles Branch against the titles at that date.

Notes:

Any work which disturbs the surface by mechanical means on a mineral claim in British Columbia requires a Notice of Work (NOW) permit under the Mines Act. The owner must receive written approval from a Provincial Mines Inspector prior to undertaking such work.

Mineral Titles can be acquired anywhere in the province where there are no other impeding interests (other mineral titles, reserves, parks, etc.). Surface rights are not included with mineral claims in British Columbia.

There are 14 independently owned crown-granted tenures which underlie portions of the Cobalt Mountain project area. The crown grants are entirely encompassed within the Brunswick claim.

There are no other royalties, back-in rights, environmental liabilities, or other known risks to undertake exploration.

© Copyright 2018 Monterey Minerals Inc. All rights reserved.