Montoro Receives Final Interpretation of Airborne Survey Results on Tacheeda Lake, Northeast of Prince George, B.C.
May 08 2012 - 9:00AM
Marketwired Canada
International Montoro Resources Inc. ("Montoro") (TSX
VENTURE:IMT)(PINKSHEETS:IMTFF)(FRANKFURT:O4T) has received the final
interpretation of the 989 line kilometer AeroMAG magnetic and radiometric
airborne geophysical survey over its Tacheeda Lake Rare Earth Elements prospect
located in 'The Rocky Mountain Rare Metal Belt' of northern British Columbia and
surrounding claims held by Spectrum Mining Corp. The Spectrum claims were
believed to cover a buried carbonatite (Cominco 1986, Tacheeda Lake- ARIS report
15322). Further historical exploration on the Tacheeda property was conducted by
Teck Exploration Ltd. in 1993- ARIS report 23027. A small portion of the
property was also quarried by B.C. Railway where some of the limestone was used
for railway ballast. Diamond Limestone ltd. proposed developing the deposit to
supply agricultural limestone and the deposit was mapped and sampled in 1983
(Minfile 093J-019).
The Tacheeda property consists of twenty mineral tenures, cover an area of
18,643 acres (7,585 ha). The airborne survey work was undertaken to provide
information on the geophysical properties of the ground which may be indicative
of the presence of rare earth elements or Ta/Nb mineralization.
The magnetic component of the survey is designed to assist in locating intrusive
features within a terrain that is expected to have a relatively quiet magnetic
background (shale and limestone). The carbonatite and alkaline intrusions to the
southeast are known to have a high-magnetic signature.
The results, and associated interpretation have concluded that there are 4 high
priority targets for ground follow-up sampling, trenching and potential drill
targets. These targets are considered high-priority due to their coincident
magnetic and radiometric signature which appears to mantle the highly magnetic
feature covered by mineral claims of Spectrum Mining Corp.
This press release has been reviewed and approved by Neil McCallum, P.Geo., an
independent qualified person as defined in NI 43-101.
OTHER
The Company has granted 200,000 incentive stock options to consultants under its
Stock Option Plan for a period of three years at a price of $0.10. All
securities are subject to regulatory approvals and the Company's Stock Option
Plan.
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. The Company also holds two claim blocks (50/50 with Belmont) in
the Central Mineral Belt in Labrador. One claim block is located in the
historical Letitia Lake-Red Wine rare earth metals camp of west-central
Labrador.
For further information 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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