August 8, 2018 - International Montoro Resources Inc. (TSX-V: IMT); Frankfurt: O4T1; OTCBB: IMTFF (the "Company").
ZTEM Survey indicated positive preliminary results:
Further to our news release of June 27, 2018, Geotech Ltd. dba Geotech Airborne of Aurora, Ontario has provided the Company with a Preliminary Report on the helicopter-borne ZTEM geophysical survey of approximately 280 line km at 200m line spacing increasing further information to depths over 2000 metres. Survey results should assist in better targeting the next phase of diamond drilling on its Serpent River - Pecors Ni-Cu-PGE project. A 3D inversion will be also be completed.
The ZTEM appears to identify a deep, gently east & north dipping conductive layer at ~750m that coincides with the magnetic features. The feature layer that is centered on our Pecors area block, also remains open to the north.
These results are preliminary, and additional processing of the data should be completed in the next few weeks until receipt of the final report.
The survey indicates similarities to the East Bull Lake intrusion in nearby Massey, Ontario. ZTEM was successfully applied as follow-up to VTEM over Magmatic Massive Sulphide (MMS) Ni-Cudeposits to determine their potential extensions to depth. These included the Ni-Cu-PGE prospect at Western Area-Mustang Minerals JV East Bull Lake Anorthosite (Orta et al., 2011) in nearby Massey, Ont., where ZTEM successfully defined a deep PGE mineralized, troctolitic layer at 850m depths that was originally identified in MT surveys from the 1980’s (Kurtz et al.,1986).
NI 43-101 Dislosure:
Jean M. Legault, M.SC.A., P.Eng, P.Geo., and Chief Geophysicist of Geotech Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information above in this news release as in reference to the ZTEM survey on the Pecors anomaly.
Sudbury area Nickel in Demand –bodes well for Montoro advancing it Pecors Ni-Cu-PGE project:
The recent announcements by Vale to invest Cdn. $760 million in Phase 1 of its Copper Cliff Deep mine, and Glencore’s Sudbury Integrated Nickel Operations Cdn. $900 million development in its Onaping Depth project have received board approvals; and indicate a renewed confidence in the nickel market and potential of the Sudbury region. Both projects are being undertaken to replace declining production from established mines.
As reported in the Sudbury Mining Solutions Journal by Norm Tollinsky- “I don’t think it’s a surprise to anyone that most of our mines were facing declining production profiles,” said Vale’s Dave Stefanuto, Vice President-Capital Projects for the North Atlantic. “We need to find replacement volumes of ore, so we’re starting to focus more on what we can do to start supplementing these declining orebodies.”
Also reported in CBC news July 19th see http://ow.ly/nbIO30lja0N - Danica Pagnutti, Corporate Affairs specialist with Vale, “The increase spending reflects a positive outlook for the future of the nickel market.”
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has located Uranium/REEmineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 ha
In February 2018 Montoro received approval for the acquisition of the Duhamel, Quebec property. The Ni-Cu-Coprospect consisted of nine (9) mineral claims comprising 500 ha. Additional staking and compiling of data has been underway since February, and an updated report of these findings is forthcoming.
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.
|
|
|
Further information can be found on the Company’s website at www.montororesources.com and on www.Sedar.com, or by phoning 604-683-6648.
ON BEHALF OF THE BOARD OF DIRECTORS
"Gary Musil”
Gary Musil, President
|
|
|
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.
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.
|
|
|
|
