VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 19, 2014) - International Montoro Resources Inc. (TSX VENTURE:IMT)(IMTFF)(O4T.F) (the "Company" or "Montoro").
Montoro is pleased to announce receipt of the exploration permit for its Serpent River - Pecors Anomaly Project. This permit is subject to the requirements of the Mining Act, Ontario Regulation 308/12, the applicable Provincial Standards for Early Exploration, and additional Terms and Conditions in the permit that are specific to this project. The permit is effective for a period of three (3) years.
Previous geophysical reports commissioned by Montoro to review the VTEM survey conducted over the Serpent River property and in particular the Pecors Anomaly, have indicated that there is one electromagnetic response that could reflect a deep-seated conductor. In addition, the magnetic anomaly was further imaged (3D) so one better appreciates the shape and extent of the source body so that other potential sites of Cu-Ni-PGE, Co & Cr mineralization can be interpreted and proposed for drilling http://ow.ly/Ev9au. Data interpreted from the airborne geophysical survey suggests that the anomaly is an estimated 7 km long, 3 km wide, and 2 km deep http://ow.ly/Ev72S.
Drilling is anticipated as soon as possible. Helicopter drill site preparations will begin as soon as a suitable drilling contractor is secured. For a further project overview see http://ow.ly/EvbqF.
Further to our news release of July 25, 2014, the Company is continuing to receive subscriptions for its flow-through unit financing at $0.12 per unit. Each unit will consist of one flow-through common share and a one year transferable (non -flow through) share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company for a period of one year at a price of $0.18 per share. The Company will pay a finder's fee of up to 7.5% in cash or warrants. The financing will be subject to TSX Venture Exchange acceptance.
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-PGE. The property comprises 10 mineral claims (115 units) approx. 1,840 ha.
Montoro holds a 100% interest in 3 mineral claims -site of a former producing limestone rail ballast quarry covering 415 acres (168 ha) in the Tacheeda Lake camp. Montoro also 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.
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.
For further information contact the Company at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, President, CEO/Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.