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Montoro Terminates Option Agreement With Electric Metals Inc. on Chuchinka, B.C. Property
Published : December 07, 2012
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Keywords :   Market | Rare Earth | Uranium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2012) - International Montoro Resources Inc. ("Montoro") (News - Market indicators)(PINKSHEETS:IMTFF)(FRANKFURT:O4T) has given Notice of Termination to Electric Metals Inc. (TSX VENTURE:EMI) pursuant to the terms of the Mineral Option Agreement (the "Agreement") on the Chuchinka Property dated June 9, 2010.

Several terms of the Agreement had not been fulfilled on July 12/12 and following Notice of Default provided on October 29/12, EMI has failed to comply with those provisions. The Agreement is no longer in force.

International Montoro Resources Inc. therefore maintains its 100 per cent ownership in the Chuchinka Property.

About International Montoro Resources Inc.

Montoro recently acquired a 100% interest in 23 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 18,743 acres (7,585 ha) in the new Tacheeda Lake camp; and 3,330 acres (1,348 ha) Carbo area. 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.

Montoro is also focused on advancing its 100% optioned Elliot Lake uranium/REE project in northern Ontario.

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.

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

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.

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.

International Montoro Resources Inc.
Gary Musil
President, CEO/Director
(604) 683-6648
(604) 683-1350 (FAX)
www.MontoroResources.com

International Montoro Resources Inc

DEVELOPMENT STAGE
CODE : IMT.V
ISIN : CA46004W1086
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Intl Montoro Res. is an exploration gold and copper company based in Canada.

Intl Montoro Res. develops gold, copper and uranium in Canada, and holds various exploration projects in Canada.

Its main asset in development is CUP LAKE/DONEN in Canada and its main exploration properties are PARTRIDGE RIVER, STORMY LAKE, SERPENT RIVER, BATEMAN/SHAVER TOWNSHIP, BATEMAN TOWNSHIP, MALACHITE, OVERTIME, CRACKINGSTONE RIVER, SHEEP TRAIL MINE, EAST BAY JV (RED LAKE) and RED LAKE (BATEMAN / SHAVER) in Canada.

Intl Montoro Res. is listed in Canada. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.4 millions, € 1.3 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.93, and its lowest recent point on November 08, 2013 at CA$ 0.01.

Intl Montoro Res. has 75 220 526 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of International Montoro Resources Inc
3/11/2015Closes 1st Tranche of Financing
Corporate news of International Montoro Resources Inc
3/14/2016Montoro Completes 1st Tranche of Private Placement: $68,400
1/21/2016Montoro Applies for Waiver to Private Placement Pricing
12/15/2015Montoro Plans Titan MT Geophysics on Pecors-Serpent River Pr...
10/21/2015Montoro Provides Drilling, Probing and 3D Video Update
9/16/2015Montoro Provides Probing Update
8/20/2015Montoro Contracts Crone Geophysics to Probe Pecors Hole #2
6/29/2015International Montoro Resources Inc.: Pecors Exploration Upd...
5/26/2015.: Highly Anomalous Assay Results From Pecors Drill Hole #1
5/26/2015International Montoro Resources Inc.: Highly Anomalous Assay...
5/11/2015Montoro Drilling at Pecors Drill Hole #2 Continues Below 120...
4/28/2015Montoro Updates Pecors Drilling and Down-Hole Probing Survey
4/27/2015Montoro Adds Additional Technical Expertise to the Advisory ...
4/19/2015Montoro Intersects Nearly 100 Meters of Sulphide Mineralizat...
4/9/2015Pecors Drilling Pushes Through 900 Meters
4/9/2015Montoro Pecors Drilling Pushes Through 900 Meters
4/6/2015Pecors Drilling & 2nd Tranche Financing Update
4/6/2015Montoro Pecors Drilling & 2nd Tranche Financing Update
3/31/2015Drilling Commences on Pecors Anomaly
3/31/2015Montoro Drilling Commences on Pecors Anomaly
3/27/2015.: Drill Rig Arrives and Mobilizing to Pecors Site
3/27/2015International Montoro Resources Inc.: Drill Rig Arrives and ...
3/24/2015Mobilizing for Drilling & Reviews Pecors
3/24/2015Montoro Mobilizing for Drilling & Reviews Pecors
3/11/2015Montoro Closes 1st Tranche of Financing
1/19/2015Secures Drilling Contractor for Pecors Drill Program
1/19/2015Montoro Secures Drilling Contractor for Pecors Drill Program
1/16/2015Not A Typo: Mortgage Applications Rise 49%
12/11/2014Montoro Arranges Private Placement of Up to $560,000
11/19/2014Montoro Receives Exploration Permit Approval for Serpent Riv...
11/18/2014Montoro Continues Sampling Program on Chuchinka-REE Prospect
10/17/2014IC Places, Inc. Changes Name to Imagination TV, Inc.
9/2/2014Montoro Receives a Further Review of Airborne EM and Magneti...
7/25/2014Montoro Arranges Flow-Through Private Placement to Raise $60...
5/20/2014Montoro Consults With First Nations in Preparation for Drill...
5/7/2014Montoro Adds Additional Technical Expertise to the Advisory ...
5/1/2014Montoro Broadens Technical Expertise With Establishment of A...
4/1/2014Montoro Finds Renewed Interest in Its Malachite Cobalt/Coppe...
12/7/2012Terminates Option Agreement With Electric Metals Inc. on Chu...
7/13/2011.: Interpretation of Airborne Data Confirms Substantial Magn...
6/24/2011.: Work Program Commences at "Chuchinka" Rare Earth Prospect
6/2/2011Locates Rio Algom 1959 Drill Holes on Elliot Lake, Ontario P...
3/15/2011Retains Ethos Consulting for Investor Relations
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