VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 20, 2015) - International Montoro Resources Inc. (TSX VENTURE:IMT) (the "Company" or "Montoro") is pleased to report an update of the Pecors - Serpent River, Elliot Lake exploration program.
Pecors Hole #2 ("PDH-2")
Lamontagne Geophysics has been unable to schedule in the BH UTEM 4 downhole probing of PDH-2. The Company has therefore contracted Crone Geophysics & Exploration Ltd. ("Crone") of Ontario to proceed immediately to probe PDH-2. Crone has been involved in applying geophysics to mineral exploration, mine development, production, and numerous other geological investigations since its founding in 1962 by J. Duncan Crone. Crone pioneered many of the early IP, VLF, EM, and particularly time-domain EM methods and has been actively involved in Research & Development to make continual improvements to their instrumentation and survey techniques to meet the ever changing needs of clients. Crone will be utilizing its 3-D Borehole Pulse EM System, probing to the bottom of hole PDH-2 at 1317m. This technology has the potential range of approx. 400m radius or more from the probe, and will ensure very high conductance sources typical of nickel sulphide deposits are not missed through their proprietary Step Response transformation for impulse data. This data set combined with information from PDH-1 will give Montoro continuous below surface geophysical coverage for 1400 m long, 600-800m wide, as well as a further 400m below PDH-2.
Pecors Hole #1 ("PDH-1")
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 is now posted on our website at www.MontoroResources.com.
Pecors Anomaly
The Pecors Anomaly has now been defined by three coincidental surveys (magnetic, gravity & geochemical). The 3-D interpretation of the VTEM survey afforded Montoro data to position the first two drill holes and Montoro continues to define Pecors using some of the best techniques available.
Montoro will be releasing the final report from the downhole probing geophysical survey of Hole #1, along with the assays results and downhole probe survey of PDH-2 when everything is compiled.
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, and 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.