11:11 AM EDT, 03/12/2019 (MT Newswires) -- International Montoro Resources (IMT.V) surged 18.2% to $0.065 apiece Tuesday, nearer 52-week high $0.08, after it has received "further positive results" from 2D ZTEM Survey and 3D Inversion, Serpent River-Pecors (Ni-Cu-PGE) at its Elliot Lake-Ontario Property.

CEO and President Gary Musil said: "With the receipt of September 2018 we learned that the ZTEM appears to identify a deep, gently east dipping and north plunging conductive layer at a depth of ~750m that coincides with the magnetic anomaly. The feature layer that is centered on our Pecors area block, also remains open to the north."

The Pecors ZTEM survey shows similarities with ZTEM results over the Vale Canada Limited Voisey Bay, Eastern Deeps-deposit, said Montoro. ZTEM was also able to position the Eastern Deeps deposits in the "correct location" and at the "correct depth" of around 750m using 2D inversion, said the company.

According to a statement, ZTEM 3D data confirmed 5km x 2 km X 2km magnetic anomaly at Pecors, and ZTEM data was compared to VALE's Voisey Bay, Ni, Cu, Co Mine.