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International Montoro Resources Inc.: Interpretation of Airborne Data Confirms Substantial Magnetic Anomaly
Published : July 13, 2011
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Mots clés associés :   Uranium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - International Montoro Resources Inc. (News - Market indicators)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) ("Montoro") has received a very positive interpretation of the large airborne anomaly outlined by a Geotech VTEM–electromagnetic airborne survey on its 100% owned "Serpent River" property near Elliot Lake, Ontario. The Company commissioned L.E.Reed ("Reed") Geophysical Consultant Inc. to interpret the airborne survey data. Reed ran the anomaly through a 3 dimensional inversion program (UBC, Mag3D) to develop an understanding of the three-dimensional shape and distribution of the source body for this anomaly. Measurements through a section in the centre of the anomaly show a depth of 300 to 400 meters to the top and as much as 1700 meters from surface to the bottom of the magnetic source body. It appears as a broad sill, possibly an intrusion. The maximum dimensions of the entire inversion block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from surface.

Attention has been called to the Pecors magnetic anomaly in the report "The Pecors Magnetic Anomaly located under Huronian Sedimentary Cover, a possible Cu-Ni-PGE Target at the Archean-Proterozoic Boundary, Elliot Lake Area", by G. Campbell, MSc.

In 1959 Algom Uranium Mines Ltd. ("Rio Algom") drilled two holes (PW-121) and (PW-122) along the south and southeastern edge of the anomaly, that penetrated the Huronian sediments and encountered underlying basement rocks at depths of 2002 feet (610 meters) and 1477 feet (450 meters) respectively. Information from the drill holes provides some corroboration of the depths from the 3D model.

Further to our news release of June 2, 2011, Reed also suggests trying to recover the drill core, chemical analysis of the source body rocks and downhole EM probing/logging. This may require either new holes or possibly re-entering, cleaning and deepening the old holes further into the basement.

Gary Musil, President, Chief Executive Officer of Montoro states, "We are now in receipt of the third positive review of the Pecors. Management are very encouraged and developing a work program to continue with further testing of this anomaly."

Select portions or the complete Reed Interpretation will be posted on the Company website at www.MontoroResources.com.

This press release has been reviewed and approved by Don Hawke, M.Sc., P.Geo., consulting geologist and a qualified person as defined in NI 43-101.

About International Montoro Resources Inc.

Montoro recently acquired a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 11,500 acres (4,654 ha), in the new Tacheeda Lake camp and Carbo area. Montoro holds a 100% interest in 5,604 acres (2,268 ha, 5 claims) – the Chuchinka property, contiguous to and adjoining a recently 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. The Company also holds two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador. The Companies have recently optioned one claim block to Rare Earth Metals Inc. (TSX VENTURE:RA) in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador.

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.

Ethos Consulting Ltd.
Investor Relations
1-888-818-1365
or
International Montoro Resources Inc.
Gary Musil
President, CEO/Director
604-683-6648
604-683-1350 (FAX)
www.MontoroResources.com

International Montoro Resources Inc

EN DÉVELOPPEMENT
CODE : IMT.V
ISIN : CA46004W1086
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Intl Montoro Res. est une société d’exploration minière d'or et de cuivre basée au Canada.

Intl Montoro Res. est en développement de projets d'or, de cuivre et d'uranium au Canada, et détient divers projets d'exploration au Canada.

Son principal projet en développement est CUP LAKE/DONEN au Canada et ses principaux projets en exploration sont PARTRIDGE RIVER, STORMY LAKE, SERPENT RIVER, BATEMAN/SHAVER TOWNSHIP, BATEMAN TOWNSHIP, MALACHITE, OVERTIME, CRACKINGSTONE RIVER, SHEEP TRAIL MINE, EAST BAY JV (RED LAKE) et RED LAKE (BATEMAN / SHAVER) au Canada.

Intl Montoro Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,1 millions CA$ (4,9 millions US$, 4,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,93 CA$, et son plus bas niveau récent le 27 mars 2020 à 0,01 CA$.

Intl Montoro Res. possède 76 260 000 actions en circulation.

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Financements de International Montoro Resources Inc
11/03/2015Closes 1st Tranche of Financing
Communiqués de Presse de International Montoro Resources Inc
21/01/2016Montoro Applies for Waiver to Private Placement Pricing
15/12/2015Montoro Plans Titan MT Geophysics on Pecors-Serpent River Pr...
21/10/2015Montoro Provides Drilling, Probing and 3D Video Update
16/09/2015Montoro Provides Probing Update
20/08/2015Montoro Contracts Crone Geophysics to Probe Pecors Hole #2
19/04/2015Montoro Intersects Nearly 100 Meters of Sulphide Mineralizat...
09/04/2015Pecors Drilling Pushes Through 900 Meters
09/04/2015Montoro Pecors Drilling Pushes Through 900 Meters
06/04/2015Pecors Drilling & 2nd Tranche Financing Update
06/04/2015Montoro Pecors Drilling & 2nd Tranche Financing Update
31/03/2015Drilling Commences on Pecors Anomaly
31/03/2015Montoro Drilling Commences on Pecors Anomaly
27/03/2015.: Drill Rig Arrives and Mobilizing to Pecors Site
27/03/2015International Montoro Resources Inc.: Drill Rig Arrives and ...
24/03/2015Mobilizing for Drilling & Reviews Pecors
24/03/2015Montoro Mobilizing for Drilling & Reviews Pecors
11/03/2015Montoro Closes 1st Tranche of Financing
19/01/2015Montoro Secures Drilling Contractor for Pecors Drill Program
16/01/2015Not A Typo: Mortgage Applications Rise 49%
11/12/2014Montoro Arranges Private Placement of Up to $560,000
19/11/2014Montoro Receives Exploration Permit Approval for Serpent Riv...
18/11/2014Montoro Continues Sampling Program on Chuchinka-REE Prospect
17/10/2014IC Places, Inc. Changes Name to Imagination TV, Inc.
02/09/2014Montoro Receives a Further Review of Airborne EM and Magneti...
25/07/2014Montoro Arranges Flow-Through Private Placement to Raise $60...
20/05/2014Montoro Consults With First Nations in Preparation for Drill...
07/05/2014Montoro Adds Additional Technical Expertise to the Advisory ...
01/05/2014Montoro Broadens Technical Expertise With Establishment of A...
01/04/2014Montoro Finds Renewed Interest in Its Malachite Cobalt/Coppe...
13/07/2011.: Interpretation of Airborne Data Confirms Substantial Magn...
24/06/2011.: Work Program Commences at "Chuchinka" Rare Earth Prospect
02/06/2011Locates Rio Algom 1959 Drill Holes on Elliot Lake, Ontario P...
15/03/2011Retains Ethos Consulting for Investor Relations
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