Pilbara Region – Australia – Monterey Minerals

Pilbara Properties

Gold River: highly prospective tenements in the Pilbara Basin covering 243 km2, including:

E47/3958, covering 205 km2, abut Pacton Gold (TSXV: PAC) to the west and are north of Novo Resources (TSXV: NVO) conglomerate gold portfolio. Locally, E47/3958 is 7 km to the north of De Grey Mining’s (ASX: DEG) Withnell Mining Centre that hosts over 445,000 ounces (“ozs”) of Au (Measured & Indicated) with 429,000 ounces of Au (Indicated). There is a prospective quartz vein in the centre of the property that can be traced for over 400 metres at surface with evidence of artisanal gold mining.
E45/5180, covering 6 km2, abuts Novo Resources tenement to the northwest and is adjacent to Novo Resources’ Talga Talga Mining Centre. The historic workings at Talga Talga were mined until 1940 with 1,614 ozs of gold from 1,432 tonnes of ore for an average grade of 35.1 grams per tonne of Au (ASX:TLG – Talga Gold Limited Prospectus).

Sherlock River Property (E47/3886) lies approximately 15 km to the west of Novo Resources’ Station Creek Gold Project and 17 km to the west of Novo Resources’ Egina Gold Project. To the east of the Property, Pacton Gold, Novo Resources and Pioneer Resources all hold significant tenement packages focusing on the gold-bearing conglomerates.

CTTR Mining

Tenements

CTTR Mining, highly prospective tenements in the Pilbara Basin covering 490 km2, including:

CTTR Mining’s tenement E45/5063 ~ 87 km2 lying 4 km to the north of the Tabba Tabba Shear Zone and directly south of the Indee Fault, which transects the tenement. The property is adjacent to and immediately northeast of the Pacton Gold – Arrow Minerals Joint Venture, and 5 km to the north of De Grey Mining’s Pilbara Gold Project.
CTTR Mining’s tenements E45/5064 and E45/5065 cover over 246 km2 about 20 km to the west of Port Hedland. The property is underlain by granitoids of the Sisters Supersuite and the Split Rock Supersuite as well as sediments of the Mallina Basin, which form part of the De Grey Superbasin within the Pilbara Craton

Gold River

Tenements

E47/3958 and E47/3959, covering 218 km2, abut Pacton Gold to the west and are just north of Novo Resources. Locally, E47/3958 is 7 km to the north of De Grey Mining’s Withnell Mining Centre that hosts over 445,000 ounces (“ozs”) of Au (Measured & Indicated) with 429,000 ozs of Au (Indicated).
E47/3960, covering 64 km2, abuts Kairos Minerals’ Croyden project, which hosts gold with conglomerates, and is just northwest of Pacton Gold’s tenement E47/3905. The Hardy Formation outcrops within 1 km of the western boundary of the lease. The conglomerates of the Hardy Formation have been targeted historically for gold and uranium mineralization.
E45/5180, covering 6 km2, abuts a Novo Resources tenement to the northwest and is adjacent to Novo Resources’ Talga Talga Mining Centre. The historic workings at Talga Talga were mined until 1940 with 1,614 ozs of gold mined from 1,432 tonnes of ore for an average grade of 35.1 grams per tonne of Au (ASX:TLG – Talga Gold Limited Prospectus).
E46/1243, covering 3 km2, sits within the Middle Creek mineralized corridor of the Mosquito Creek Formation. The Middle Creek mineralized corridor is known to host over 745,000 ozs of gold (Measured and Indicated) with another 410,000 ozs (Inferred) in numerous deposits currently being mined by Millennium Minerals, who are targeting 2019 gold production of 90,000 ozs to 100,000 ozs.

QUALIFIED PERSON:
The technical information in this press release has been reviewed and approved by Martin Dormer, a consultant to the Company, who is a Qualified Person as defined by NI 43-101. Martin is a member of the Australian Institute of Mining and Metallurgy and is a West Australian geologist with over 22 years’ experience. He also has sufficient experience of relevance to the styles of mineralization and types of deposits under consideration to qualify as a Competent Person as defined by the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves.