Montoro Plans Titan MT Geophysics on Pecors-Serpent River Property, Elliot Lake-Ontario
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 15, 2015) - International Montoro Resources Inc. (TSX VENTURE:IMT)(OTC PINK:IMTFF)(FRANKFURT:O4T) (the "Company" or "Montoro") is planning the next phase of work on its Pecors Anomaly-Serpent River Property, Ontario.
Further to our last news release of October 20, 2015, the Company has reviewed various exploration options to further define the Pecors Anomaly. Gary Musil, CEO/President, talks with Market One Media Group (http://ow.ly/VUNXu) about our recent drilling program and options moving forward.
Option 1
Results of the probing of PDH #2 indicated that two distinct conductive anomalies were detected and modelled at a depth of about 580 to 590 metres down the hole, and a 2nd anomaly 975 to 1021 metres down the hole.
The shallow anomaly about 580 to 590 metres down the holes was only 75 metres (approx. 245 ft.) from the hole and it coincides with the contact between Huronian conglomerate and basalt. Concentrations of up to 10% disseminated pyrite were noted in the logs at this point.
The second anomaly at 975 to 1021 metres down the hole was detected approx. 70 metres ( 230 ft.) from the hole and it coincides with a thick gabbro unit containing numerous older volcanic xenoliths <1 to 11 metres thick. The xenoliths consist of chert, pyritic exhalite, basalt and sulphide facies iron formation and in the host gabbro 1-8% disseminated pyrrhotite, chalcopyrite and pyrite were noted. These xenoliths indicate that the magma had access to a source of sulphur, a factor that is considered important to the formation of magmatic sulphide deposits. It should be noted that the hole was stopped at a depth of 1317 metres due to the capacity of the drill rig and before the prospective lower contact area of the gabbro was reached. Full details of the report can be reviewed on our website at www.MontoroResources.com -Serpent River page titled: Crone Pulse -EM Geophysical Survey & Logistics Report by Crone Geophysics - September 2015
The Company has reviewed the costs of wedge drilling off of PDH#2 directly into these two anomalies as one option in testing further this section of the Pecors anomaly, as well as extending PDH#2 to the prospective lower contact area of the gabbro.
Option 2
Advisory board member Greg Campbell, MSc. has been reviewing and discussing with Laurie Reed, (Geophysical Consultant) a new 3D interpretation incorporating the Lamontagne BH UTEM data from PHD#1 together with the Crone Geophysics pulse EM probing survey from PDH#2; and comparing the results with an expectation of developing further drill targets around these two holes.
Option 3
Advisory board member Everett Makela has recommended the Titan MT (magneto telluric technology), which would allow us to conduct a geophysical survey from surface in order to provide a better picture of further conductive targets within the Pecors magnetic anomaly to a depth of about two kilometers and to determine the significance of an inclusion bearing gabbro containing highly anomalous Cu, Ni and PGE values along the lower contact that was intersected in hole PDH#1. To cover the area, a proposed 5 lines x 3 km line length, 400m line spacing (the equivalent of 80 AMT Stations) would be required.
Subject to financing, the Company is considering Option #2 & #3 first, which could be conducted during the winter of 2015 and early 2016 to prepare for further drilling of any targets defined and combined with Option #1 during the summer of 2016. At that time, the Company would also investigate extending a drill road from the southern claim blocks into the Pecors anomaly, so that larger drill rigs could be used to access the maximum potential depth of the anomaly.
Gary Musil, CEO/President states; " I remain optimistic that the results obtained throughout the recent programs give further evidence that the Pecors target may host a new (Ni-Cu-PGE's) deposit in the Elliot Lake mining camp."
Qualified Person
The above information has been reviewed and approved by Don Hawke, MSc., P.Geo, consulting geologist for Montoro and a Qualified Person as defined by National Instrument 43-101 regulations.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, and Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has also located Uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium. The property comprises 10 mineral claims (115 units), approx. 1,840 ha.
Montoro holds a 100% interest in 2,268 ha (5 claims, 5,604 acres, the Chuchinka property) contiguous to and adjoining the Wicheeda, a previously reported Rare Earth discovery, northeast of Prince George, B.C. Montoro also holds a 100% interest in 3 mineral claims (160 ha) in the Tacheeda Lake camp. This property was previously a producing site of limestone ballast used during the construction of the B.C. Northern railway.
In addition the Company owns 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, President, CEO/Director
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.
Contact
International Montoro Resources Inc.
(604) 683-6648
(604) 683-1350
montoro@telus.net
www.MontoroResources.com