Hi Prime24
One of the things that caught my eye prior to this Article was the Strong Geophysical Magnetic Anomaly on the property that was reported by the Ontario Geo Survey.
In this Article it states the following.....Furthermore, on the very same property IMT was contacted and told that they have a massive nickel deposit there. This deposit is also pending a JV deal which is in the works!.......
I was not aware of a pending JV deal, sounds good thou.
This Anomaly was drilled as stated here......
In 1959 Algom Uranium Mines Ltd. drilled two holes (PW-121 and PW-122) along the south and southeastern edge of the magnetic and gravity anomaly, that penetrated the Huronian sediments and encountered underlying basement rocks at depths of 2001 feet (610 metres) and 1640 feet (500 metres) respectively. The basement rocks were identified as diabase textured greenstone that contained disseminated pyrrhotite, pyrite and chalcopyrite mineralization (no assays recorded)..
If you go to IMT's web site you can see both of these drill holes (PW-121 and 122) and that they were just on the edge of the Anomaly or click on the following..
http://www.montororesources.com/projects/serp-magint.htm
It's going to be interesting in the next few months or sooner.
.........RL