Montego Acquires Orogrande Gold Project In Idaho

VANCOUVER - Montego Resources Inc. has reached an agreement with Altiplano Minerals Ltd. to acquire a series of mining claims located in Idaho County in the State of Idaho and commonly referred as the Orogrande Gold Project.

The Property is a drive to early stage gold target comprised of 199 unpatented lode claims totaling 4,000 acres and located approximately 100km southeast of Grangeville, Idaho and 15km southwest of Elk City, Idaho all within the Nez Perce National Forest near the headwaters of the Crooked River.

The Orogrande Gold Project is hosted within the Orogrande Shear Zone (OSZ), a 40+km long and up to 200m wide regional shear zone located at the contact between the Cretaceous Idaho Batholith and the metamorphosed Proterozoic Belt-Purcell Sedimentary rocks. The OSZ strikes north to south through the Property and is bounded by NNW to NW trending steeply faults. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, argillization, chloritization and dolomite. Mineralization here is hosted by two types of broadly defined deposit types including Cretaceous to Tertiary epithermal deposits and older orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low grade precious metal mineralization in associated stockwork veins, breccias and extensive widespread alteration; high grade gold associated with discreet structurally controlled quartz veins and silicified zones and; native high grade gold associated with quartz vein lodes and lenses in granodiorite, Tertiary dacite or at contacts between granodiorite and Proterozoic metasedimentary schist and/or gneiss. Both types of mineralization have been identified on the Property and on an adjacent property which contains a resource of 647,000 ounces of gold at 1.0 g/t Indicated and 590,000 ounces at 0.88 g/t Inferred (2013 Premium Exploration Inc, Technical Report, and Idaho Gold Project). Though the geology and structural setting on the Orogrande Gold Project is similar to that of the mineralization on Premium's adjacent property, mineralization hosted on the Premium Exploration Inc. Idaho Gold Project is not necessarily indicative of the mineralization hosted on the Property.

Placer gold production in the entire Orogrande District is estimated at up to 3 million ounces between 1861 and 1872 (Reid, R. R., 1959, Reconnaissance Geology of the Elk City region, Idaho: Idaho Bureau of Mines and Geology Pamphlet 120, 74 p). Historic load gold production occurred on the Property, with a few historic producers including the Gold Master, Gold Bug, Hematite, Eutopia, Badger Summit and Badger Shaft. More recently, mapping highlighted gold bearing structures and outcrop and large areas of intense alteration. A 2011 soil sampling program consisting of 1,548 b-soils identified multiple gold-in-soils anomalies which highlight areas of known mineralization and further, areas of heretofore unexplored portions of the Property. Significant fault structures have also been identified.