International Montoro Resources (IMT, TSX-V) Update

Montoro Resources (IMT, TSX-V) is in the early stages of what could prove to be an important Nickel-Cu-PGE find – the first-ever – in the Elliot Lake area of northern Ontario, west of Sudbury (Elliot Lake is known for its Uranium and Rare Earth deposits, but not Nickel-Cu-PGE)…

So far, theories based on abundant geophysical and geochemical evidence are holding up as drilling in the first 2 holes at the Pecors anomaly has hit the favorable host rock geologists were hoping to see below the Huronian sediments…significantly, there is strong evidence that a remobilization process has occurred in this magmatic system…Pecors is on the radar screens of not only investors but many curious geologists, including those at the OGS (Ontario Geological Survey), and various companies as well…

Technically, IMT has found strong support at the Fib. 7-cent level while RSI(14) has turned higher again, a bullish sign…IMT’s 2nd hole has gone deeper than the first – and there must be good reasons why…

IMT is unchanged at 7.5 cents as of 8:45 am Pacific…