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Monterey Minerals Extends Option of its Northern Pilbara Tenements


Monterey ) (CSE:MREY)(FSE:2DK) is pleased to report that New Age Exploration Limited (ASX:NAE) (
New Age ) has extended the previously announced option (See press release dated September 29, 2020) of the Company s Northern Pilbara Tenements until July 2021. The option, which includes four tenements (E47/3958, E45/5063, E45,5064 and E45/5065), comprises 538 sq. km.
Under the terms of the extension, Monterey will receive an additional CAD$100,000 and New Age agrees to spend AUS$400,000 in exploration expenditures on the Tenements prior to exercising its option. All other terms remain the same.
Map 1. Location of the Four Northern Pilbara Tenements
Q
ualified 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 (AusIMM), the Australian Institute of Geoscientis ....

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