Montoro Completes Airborne Survey Over Tacheeda Lake Rare Earth Element Prospect
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/13/11 -- International Montoro Resources Inc. ("Montoro") (TSX VENTURE: IMT)(PINK SHEETS: IMTFF)(FRANKFURT: O4T) Aeroquest International Ltd. has completed approximately 989 line kilometers of a magnetic and radiometric airborne geophysical survey over Montoro's Tacheeda Lake Rare Earth Element 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).
The AeroMAG (Gradient Magnetic & Radiometric) system is ideal for its superior ability to contour in northern BC's rugged terrain. The tight 50 meter line spacing flown should further enhance the results.
Montoro's President and CEO, Gary Musil, stated, "This airborne survey will assist in identifying and prioritizing rare earth element and other mineral targets for upcoming sampling, trenching and drill targets. The Company is awaiting the receipt of the survey data from Aeroquest. Once processing is completed we will immediately arrange for the data to be interpreted by an independent geophysical expert in order to prioritize further exploration work."
Montoro recently entered into an agreement to acquire an additional 11 claims -4,278.52 hectares (the "Rocky" group) adjoining and surrounding its Tacheeda Lake claims. This acquisition more than doubles its holdings in the area to over 7,580 hectares (18,730 acres) and contains a 93.41 hectare (231 acre) claim called "Quite the Little Pit" that previously produced limestone.
This press release has been reviewed and approved by Neil McCallum, P.Geo., a qualified person as defined in NI 43-101.
About International Montoro Resources Inc.
Rocky Mountain Rare Metal Belt:
Montoro recently acquired an additional 11 claims -4,278.52 hectares (the "Rocky" group) adjoining and surrounding its Tacheeda Lake claims. Montoro owns a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 11,500 acres (4,654 ha), in the new Tacheeda Lake camp and 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 recently reported Rare Earth Element discovery, northeast of Prince George, B.C.
Elliot Lake, Ontario:
Montoro is also focused on advancing its 100% owned Elliot Lake uranium/REE project in northern Ontario.
Saskatchewan & Labrador:
Montoro 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 of which 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:
Ethos Consulting Ltd.
Investor Relations
1-888-818-1365
International Montoro Resources Inc.
Gary Musil
President, CEO/Director
604-683-6648
604-683-1350 (FAX)
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Datum: 13.10.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 75852
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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