Montoro Increases Strategic Claim Holdings in Rocky Mountain Rare Metal Belt
November 15 2011 - 8:00AM
Marketwired Canada
International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK
SHEETS:IMTFF)(FRANKFURT:O4T) has acquired through staking an additional 4 claims
covering over 4,500 acres, due west of its previously acquired Carbo group in
'The Rocky Mountain Rare Metal Belt' northeast of Prince George, British
Columbia.
Montoro now controls over 31,000 acres (12,605.73 ha) consisting of 32 claims in
three separate claims blocks as follows:
Chuchinka - 100% interest in 5,604 acres (2,268 ha, 5 claims) contiguous to and
adjoining the Wicheeda rare earth discovery. IMT's first acquisition is on trend
to the northwest and adjoins the Wicheeda property owned by private company
Spectrum Mining Corp. In 2009 Spectrum reported a significant discovery where 11
drill holes intersected very encouraging mineralization. The best drill
intercepts included 48.64 metres grading 3.55% rare earth elements, 72.0 metres
of 2.92% REE's and 144.0 metres of 2.20% REE's. Electric Metals Inc. ("EMI") has
an option to earn a 75% interest in these claims through cash payments of
$340,000 and 700,000 in shares over three years and exploration totaling
$425,000 over the same period. In 2010, EMI completed a 654 line km AeroTEM
helicopter-borne electromagnetic plus radiometric survey covering a 29.4 sq. km
area and was successful in mapping several anomalies, the largest of these
measuring 4 km by 1 km. In 2011, EMI tested four grids spanning 2 square km of
highly prospective ground, collecting more than 2,000 soil and grab samples.
Geochemical sampling of soils and bedrock, together with ground-based geophysics
in the form of precision magnetometer and scintillometer surveying were applied
to identify the most prospective portion of this and other REE targets in
preparation for trenching and drilling. Results are pending. These claims are
surrounded by numerous other companies such as Canadian International Minerals
Inc., Bolero Resources Corp., Alix Resources, Arctic Star Exploration Corp., and
Remstar Resources; all of whom are conducting exploration programs ranging from
sampling, trenching to airborne surveys and drilling programs. Canadian
International is completing approx. 3200 metres -16 holes on its Carbo property.
Bolero recently completed over 4,000 line km of a geophysical and radiometric
airborne survey and has commenced drilling on the Carbonatite Syndicate,
contiguous to Canadian International Minerals.
Carbo Mtn. - 100% interest in two claims blocks totaling 6,802 acres (2,752.69
ha, 7 claims) directly northwest of Chuchinka. These claims are adjoining Arctic
Star Exploration Corp. and Bolero Resources Corp., both companies having
recently completed helicopter airborne surveys surrounding the Carbo Mtn.
property. Arctic Star preliminary results have identified several radiometric
anomalies on the Cap property, which are considered to be high priority with
respect to the other surveyed properties in the Carbo area. Further results are
pending from both companies.
Tacheeda Lake - 100% interest in 18,743 acres (7,585.04 ha, 20 claims) and
surrounding an additional claim block owned by Spectrum Mining Corp. The
Spectrum claims were believed to cover a buried carbonatite (Cominco 1986,
Tacheeda Lake). IMT recently completed a 989 line km magnetic and radiometric
airborne geophysical surveys over 3300 ha of this claim block (results pending).
The southwest portion of the Tacheeda (the "Rocky" group of claims) was
historically explored by Teck Corporation in 1992/93 to cover a sedimentary
exhalative target based on results of a regional program which outlined Ag, Pb,
Zn and Ba anomalies over a 1.6 km long northwest trend (See IMT news release
dated October 4, 2011).
The northeastern portion of the property contains a 231 acre (93.41 ha) claim
called "Quite the Little Pit". B.C. Rail initially quarried some of the
limestone for railway ballast. Diamond Limestone Ltd. mapped and sampled the
area and proposed developing the deposit to supply agricultural limestone. The
Tacheeda Lake limestone prospect lies within a belt of Lower Cambrian limestone
and dolomite with minor quartzite and slate. The belt trends northwest for 41 km
and varies up to 5 km in width (B.C. Minfile #093J 019).
About International Montoro Resources Inc.
Rocky Mountain Rare Metal Belt:
Montoro recently acquired through staking 1,404 ha - 4 claims. Montoro now owns
31,149 acres (12,605.73 ha - 32 claims, one of the largest holders in the belt.
Montoro's most advanced block, is its 100% interest in 5,604 acres (2,268 ha, 5
claims - the Chuchinka property) contiguous to and adjoining the Wicheeda, a
recently reported Rare Earth Element discovery, northeast of Prince George, B.C.
Elliot Lake, Ontario:
Montoro is also focused on advancing its 100% owned Elliot Lake uranium/REE
project in northern Ontario. The Company is also further investigating a very
positive interpretation of a large airborne anomaly, near Pecors Lake in the
northwest corner of our Serpent River property. The dimensions of the entire
inversion block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from
surface.
Saskatchewan & Labrador:
Montoro 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, one of which is located in the historical Letitia Lake-Red
Wine rare earth metals camp of west-central Labrador.
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.
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