Montoro Receives Final Interpretation of Airborne Survey Results on Tacheeda Lake, Northeast of Prince George, B.C.
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/08/12 -- 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 and watch the Smartstox interview with President Gary Musil ().
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.
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.
Contacts:
International Montoro Resources Inc.
Gary Musil
President, CEO/Director
(604) 683-6648
(604) 683-1350 (FAX)
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Datum: 08.05.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 143882
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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