VANCOUVER, Aug. 28, 2018 /CNW/ - Montego Resources Inc. (CSE: MY) (FRA: 4MO1) (the "Company" or "Montego") is pleased to announce its results from it's SRK Consulting's (U.S.), Inc. ("SRK") rock sampling program on its Taylor Silver Project near Ely Nevada.
ROCK SAMPLES AT TAYLOR 2018
Results from 2018 rock grab samples show anomalous silver mineralization ranging from less than 1 g/t Ag to a high of 398 g/t Ag. The samples in the NW pit show high values of silver ranging from 38.5 to 398 g/t Ag with a statistical mean of 149.6 g/t Ag (4.8 oz/t). Gold values from these samples ranged up to 0.217 g/t with statistical mean of 0.077 g/t Au.
In addition to rock sampling in the historic resource area, rock samples were collected from outcrop at South Taylor, Enterprise, Crescent and Antimony. These areas represent a higher level mineralization (geologically) east of the Argus fault and show consistent gold mineralization. Significant results include 1.28 g/t Au at Enterprise (quartz-phyric tuff located 15 meters from a historic Antimony retort site); 0.828 g/t Au at Antimony (poly-lithic jasperoid breccia); 0.407 g/t Au at Crescent (Jasperoid located adjacent to historic shaft); and 0.503 g/t Au at South Taylor(jasperoid). All of these samples were collected from outcrop and highlight the need for followup work as a 'gold focused" program.
Selected grab samples are not representative of the mineralization hosted on the property.
All rock samples were sent to ALS in Reno and lab methods include fire assay gold and ME-MS61L. QA/QC includes inserted lab standards blanks and duplicates. Chain of custody protocol was maintained by onsite QP, all samples were locked up each night and hand delivered by QP to ALS Labs in Reno.
The scientific and technical data contained in this news release was prepared and reviewed by William Cronk, P.Geo., a non-independent qualified person to the Company. Mr. Cronk is responsible for ensuring that the geologic information provided in this news release is accurate and acts as a qualified person pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Montego Resources Inc.
Montego Resources Inc. is a Canadian listed mineral explorer (CSE:MY). Montego's flagship property is the Taylor Silver Project located 16 miles southeast of Ely Nevada. The Taylor Project is an advanced stage silver-gold target located southeast of Ely, Nevada with access from a maintained mine road. Mineralization there is a Carlin style, bulk silver-gold epithermal, high-silica, low sulfide replacement deposit in flat-lying Devonian-age silty carbonate rocks. The land package is comprised of 131 unpatented lode claims, 5 unpatented mill site claims and 4 patented claims all covering approximately 2,166 acres. Historic work includes high grade silver from underground mining in the 1890's and open pit bulk mining in silver rich Jasperoids from 1981-84 and an expanded mill and flotation circuit operated from 1989-91.
ON BEHALF OF THE BOARD OF MONTEGO RESOURCES INC.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.
SOURCE Montego Resources Inc.
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