VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 24, 2015) - International Montoro Resources Inc. (TSX VENTURE:IMT)(PINKSHEETS:IMTFF)(FRANKFURT:O4T), (the "Company" or "Montoro").
The Company has been informed by Orbit Garant Drilling Services Inc. of Val D'Or, Quebec that they anticipate mobilizing for the drilling program this week. Dan Patrie Exploration has cleared a site area for the first drill hole and a helicopter pad.
The drill rig, materials and crew will be transported by helicopter from the Elliot Lake airport about 9 km to the Pecors Anomaly drill site.
The Pecors Magnetic Anomaly was first identified on provincial series total magnetic field maps published by the Ministry of Northern Development and Mines (MNDM) and it was coincident with a bouger gravity anomaly identified on the provincial series gravity maps.
In 2007, Montoro carried out a detailed VTEM and Magnetic survey of the area as part of an exploration program targeted on uranium mineralization in the Huronian sediments. This work outlined the previously identified magnetic anomaly in greater detail and subsequently the company commissioned L.E. Reed Geophysical, to prepare a 3D model of the VTEM survey data which outlined an inversion model of the anomaly that produced a block area with dimensions of approx. 7.5 km x3.5 km, containing a NNW plunging magnetic body whose upper surface rose to approximately 300 - 400 meters below the present topographic surface. Montoro also relocated the position of several historic drill holes in the area that were drilled in 1959. Two of these holes encountered basement rocks at depths of 2001 feet (610 meters), and 1640 feet (499 meters) which consisted of diabasic textured greenstone containing disseminated pyrrhotite, pyrite and chalcopyrite and which provided some additional corroboration with the 3D representation of the anomaly and suggested that the source of the anomaly resided in the older underlying Archean basement rocks.
In 2010 the MNDM released the results of a lake sediment geochemical survey covering the area which outlined a Cu – Ni anomaly proximal to the magnetic anomaly. For further detail review 'Lake Sediment Geochemical Survey, Ontario Geological Survey, Open file report 6251'. They suggested that one possible source for the lake sediment anomaly was leakage from a buried mafic – ultramafic body. See Powerpoint: http://ow.ly/KI0hD.
States Montoro President and CEO Gary Musil: "We are very excited to finally commence drill testing this magnetic anomaly containing possible Ni-Cu mineralization by an initial vertical hole to a depth of 1,000+ meters (1 km). We will be attentive to log traditional Elliot Lake style uranium (and REE) mineralization in the overlying Huronian sediments as the hole progresses to its target depth. We have detailed a graphic view of the approximate location of drill hole #1 positioned on a vertical section of L.E. Reed's 3D Magnetic Inversion Model and interpretation." Figure 1 http://ow.ly/KI0vC and Figure 2 http://ow.ly/KI0AC.
This news release has been reviewed and approved by Don Hawke, MSc., P.Geo. Consulting geologist and a qualified person as defined in NI 43-101.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100% owned Serpent River – Elliot Lake, Northern Ontario, Uranium/REE project & Pecors magnetic anomaly – potential Ni-Cu. The property comprises 10 mineral claims (115 units) approx. 1,840 ha.
Montoro holds a 100% interest in 5,604 acres (2,268 ha, 5 claims – 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 will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone – 2,.427 acres (982 ha) and Orbit – 27,450 acres (11,109 ha) Uranium properties in the Uranium City District – Northern Saskatchewan.
Visit the Company website at www.MontoroResources.com.
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.