Why Invest in Montego Resources
Montego Resources Inc’s Black Dog Gold Project is located in Quebec’s emerging gold mining district which could become as lucrative as the Alitibi Gold Belt. Diamond drilling on adjacent locations have brought up numerous promising and lucrative mineral results. The Black Dog site is situated perfectly between claims by Osisko Mining (Mkt Cap: $1.48 billion) and Fury Gold Mines (Mkt Cap: $78 million). Furthermore, Black Dog is located 50 km south of Eastman’s (formerly known as Goldcorp) Eleonore gold mine (24.57 million tonnes proven and probable reserves at 6.3 g/T gold); and 20 km west of the Clearwater gold deposit (indicated measured 43-101 resource of 4.87 Mt at 4.6 g/T gold (721,000 ounces of gold) and inferred resource of 1,122,000 ounces.Quebec is a mining friendly jurisdiction ranked 6th in the world for mining investment and home of “Super Flow Through.” Flow-through shares provide a basic deduction of 100% of their cost, on the condition that they are used to fund eligible expenses. An investor may be entitled to additional deductions in Québec, of up to 20% of the cost of its investment, for a total deduction of 120%.
Black Dog Gold Project
Quebec's Mining Belts
Eeyou-Istchee /James Bay region of Quebec
- The James Bay territory in northern Quebec is rich in metals, especially gold. Éléonore gold mine, one of the largest underground gold mines in Quebec is run by Newmont Corp’s and a few smaller ones are in production and now the race is on to drill off enough ounces to determine where the next mines will be.
- The Quebec government launched a multi-billion-dollar hydroelectric project in the territory. Creating more than 3,000 km of roads, airports, and community infrastructure, meaning since the region was no longer remote and difficult to access
- Gold companies are turning Eeyou Istchee James Bay district as an emerging region in Quebec for gold exploration and mining believed to be comparable to Abitibi Gold Belt