International Montoro Resources Inc.: Work Program Commences at "Chuchinka" Rare Earth Prospect
24 Junio 2011 - 8:30AM
Marketwired
International Montoro Resources Inc. ("Montoro") (TSX VENTURE:
IMT)(PINK SHEETS: IMTFF)(FRANKFURT: O4T) is pleased to announce the
commencement of its 2011 work program on the Chuchinka
REE-Carbonatite property, located in the Wicheeda-Carbo district
north of Prince George, BC. The Chuchinka property is contiguous to
a significant Rare Earth discovery that reported a 48.64 metre
interval which averaged 3.55% REE, a 72.0 metre interval that
averaged 2.92% REE, and a 144 metre interval which averaged 2.20%
REE in three separate drill holes.
See Chuchinka REE Map: (http://www.montororesources.com)
International Montoro, President and CEO, Gary Musil, stated,
"Montoro's 2011 work season is now underway with the commencement
of work on the highly prospective Chuchinka REE- Carbonatite
property, by our joint venture partner Electric Metals (TSX
VENTURE: EMI). This will be a very active work season for Montoro
with multiple planned work programs including an airborne survey on
the "Tacheeda" REE property, additional work to further define the
significant Nickel anomaly discovered on our "Elliot Lake" property
in Ontario, and a planned drill program on our "Uranium City"
property in Saskatchewan, to test numerous targets indentified from
airborne surveys and sampling."
Phase 1 exploration at the Chuchinka property will help to
define priority drill targets within several anomalies discovered
by joint venture partner, Electric Metals (TSX VENTURE: EMI)
through an airborne geophysical survey in 2010. The largest of
these targets, measuring over 4 km by 1 km, is located near the
centre of the property and is defined by a broad magnetic low
associated with coincident conductive anomalies. Geochemical
sampling of soils and bedrock, together with ground-based
geophysics in the form of precision magnetometer and scintillometer
surveying, are being applied to identify the most prospective
portions of this and other REE targets.
Phase 2 exploration will consist of trenching and a diamond
drill program to test high priority zones identified in the Phase 1
program.
Mr. Chris Taylor, M.Sc. P.Geo, is the Qualified Person as
defined by National Instrument 43-101 has reviewed and is
responsible for the accuracy of this news release.
About International Montoro Resources Inc.
Montoro recently acquired 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 holds a 100% interest in 5,604 acres (2,268 ha,
5 claims - the Chuchinka property) contiguous to and adjoining a
recently 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. The Companies have recently optioned one claim block to
Rare Earth Metals Inc. (TSX VENTURE: RA) in the historical Letitia
Lake-Red Wine rare earth metals camp of west-central Labrador.
For further visit the Company website at
www.MontoroResources.com and watch the Smartstox interview with
President Gary Musil (www.smartstox.com/interviews/imt).
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)
www.MontoroResources.com
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