Monday, September 15, 2025

Monterey Minerals Signs Definitive Agreement For High Grade Gold Alicia Project

Monterey Minerals (CSE: MREY) announced this morning that it has signed a definitive agreement to acquire Greater Arc Pty Ltd, the subsidiary of Greater Arc Resources that owns the Alicia high-grade gold property located in Alicia Municipality, Philippines. Previous samples from shallow drilling on the mine site include 1.2 metres of 116 g/t gold, 1,263 g/t silver, 6.3% copper, 6.5% zinc, and 47.9% lead.

The property itself has been identified by Greater Arc as having a system of twelve veins that host high grade hold and base metal mineralization, with the veins being up to 3.8 metres wide and up to 1.7 kilometres in length, with a combined strike of approximately 11 kilometres. Previous fieldwork conducted on the property includes mapping, sampling, and limited drilling.

The veins themselves are grouped into three main structures, being the Sandi Vein to the east, the Baloy Vein in the central portion, and Pamaraw-Sumihig to the west. High grade samples from shallow drilling of the Baloy Vein have resulted in highlight samples of 1.2 metres of 116 g/t gold, 1,263 g/t silver, 6.3% copper, 6.5% zinc, and 47.9% lead, as well as 1.5 metres of 40.9 g/t gold, 437 g/t silver, 1.1% copper, 3.6% zinc, and 62.9% lead.

Comparatively, field work conducted on the Pamaraw-Sumihig structure has resulted in shallow drilling results of 1.5 metres of 13.86 g/t gold, 181 g/t silver and 4.8% copper, as well as grab samples of 7.51 g/t gold, 55.2 g/t silver and 1.76% copper.

The Alicia Project is accessible via sealed roads, has nearby power as well as towns, and is located 10 kilometres from the port city of Malangas and 60 kilometres from an airport, located in Pagadian City. The property itself is also located within a declared mineral reservation, and currently has an active exploration permit. The municipality also has a stable government authority, whom is supportive of the projects development.

The property is being acquired by Monterey Minerals in exchange for 54 million shares of the issuer.

Monterey Minerals last traded at $0.045 on the CSE.


FULL DISCLOSURE: Monterey Minerals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Monterey Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Question Period With Riverside Resources’ John-Mark Staude

Recently, The Deep Dive had the pleasure of sitting down with John-Mark Staude, CEO and...

Saturday, September 5, 2020, 11:00:00 AM

BMO: Kirkland Lake Gold Third Quarter Results Are Mixed

Last night, Kirkland Lake Gold (TSX: KL) released their third quarter results. Within the quarter,...

Tuesday, October 13, 2020, 03:01:00 PM

AUX Resources Reports Several High Grade Sample Assays At Independence, Silver Crown Properties

AUX Resources (TSXV: AUX) this morning released further results from the exploration programs conducted in...

Monday, March 8, 2021, 08:15:44 AM

Kirkland Lake Gold Produces 329,770 Ounces In Second Quarter

Kirkland Lake Gold (TSX: KL) (NYSE: KL) this morning announced its production results for both...

Tuesday, July 7, 2020, 08:39:51 AM

A Discussion On Gold, Silver, and Bitcoin With Florian Grummes

Today on the Daily Dive we sit down with returning guest Florian Grummes, a precious...

Wednesday, July 28, 2021, 01:30:00 PM