VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 29, 2015) - International Montoro Resources Inc. (TSX VENTURE:IMT) (the "Company" or "Montoro") is pleased to report an update of the recent Pecors - Serpent River, Elliot Lake exploration program.
Pecors Hole #1 ("PDH-1")
Don Hawke, P.Geo., comments; "Further to our news release of May 26, 2015 an expanded sampling program was undertaken on PDH-1." The zone of anomalous Cu-Ni-PGE mineralization has been extended an additional 4 metres as shown in the following table (total 21.45m; 912.5 - 933.95m):
| From(m) |
To(m) |
Au ppm |
Pt ppm |
Pd ppm |
Cu ppm |
Ni ppm |
| 912.5 |
913.5 |
0.04 |
0.28 |
0.06 |
509 |
162 |
| 913.5 |
914.5 |
0.00 |
0.05 |
0.03 |
120 |
188 |
| 914.5 |
915.5 |
0.01 |
0.15 |
0.10 |
431 |
214 |
| 915.5 |
916.5 |
0.30 |
0.05 |
0.02 |
531 |
183 |
"Also, a thin section analysis was carried out by the Ontario Geological Survey, Sudbury Mining Division office. In a sample selected for age dating, small amounts of cobaltite were observed under the scanning electron microscope and it was recommended that we undertake additional assaying for cobalt." "This work was completed and the cobalt values were only slightly anomalous indicating that no significant concentrations of cobaltite were associated with the Cu-Ni-PGE mineralization." Further testing by the OGS is being carried out.
Ronacher McKenzie Geoscience of Sudbury, Ontario was contracted to complete a petrographic analysis on PDH-1 to better understand the mineralogy and petrology of the gabbro and its contained sulphide mineralization. The detailed report will be posted on our website at www.MontoroResources.com. Don Hawke, P.Geo., comments: " the report indicates that the core visually described as gabbro during the logging is an altered and metamorphosed gabbro wherein primary pyroxene has been replaced by a chlorite-amphibole mixture and the only original modal mineral present is plagioclase. Sulphide minerals have been identified as pyrrhotite, chalcopyrite and pyrite +/- pentlandite."
Montoro will be releasing the final report from the downhole probe BH UTEM geophysical survey of Hole #1, along with the assays results and downhole probe survey of PDH-2 when everything is compiled.
Pecors Hole #2 ("PDH-2")
As previously announced the mineralized core has been sampled and compiling of the assays will be completed and reported upon completion of the downhole probing and reports from Lamontagne Geophysics.
Lamontagne Geophysics has experienced some technical problems with the BH UTEM 4 downhole probe systems scheduled for work on PDH-2 this month. It is anticipated that this work will be completed early next week. This data combined with PDH-1 will give Montoro almost continuous below surface geophysical coverage for 1200m long, 600m wide and, as well a further 300m below each hole.
Qualified Person
The above information has been reviewed and approved by Don Hawke, MSc., P.Geo, consulting geologist for Montoro and a Qualified Person as defined by National Instrument 43-101 regulations.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has also located Uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium. The property comprises 10 mineral claims (115 units), approx. 1,840 ha.
Montoro holds a 100% interest in 2,268 ha (5 claims, 5,604 acres, the Chuchinka property) contiguous to and adjoining the Wicheeda, a previously reported Rare Earth discovery, northeast of Prince George, B.C. Montoro also holds a 100% interest in 3 mineral claims (160 ha) in the Tacheeda Lake camp. This property was previously a producing site of limestone ballast used during the construction of the B.C. Northern railway.
In addition the Company owns with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, President, CEO/Director
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The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.