Montoro Resources Inc. has received approval to acquire additional mining claims totaling 4,278 hectares adjoining its existing Tacheeda Lake claims in British Columbia's Rocky Mountain Rare Metal Belt. This doubles Montoro's holdings in the area to over 7,580 hectares and includes a claim that previously produced limestone. The new claims were previously explored by Teck Corporation who identified zinc, lead, silver, and barium soil anomalies. Montoro issued 400,000 units at $0.10 per share in the first year and $0.15 in the second year to fund exploration of the rare earth prospects in the area.
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Montoro Receives Exchange Approval on Tacheeda Lake Rare Earth Acquisition
1. #600-625 Howe Street TSX.V: IMT
Vancouver, B.C. V6C 2T6 FRANKFURT : O4T
Ph. (604) 683-6648 OTC: IMTFF.PK
Fax: (604) 683-1350
MONTORO RECEIVES EXCHANGE APPROVAL ON TACHEEDA LAKE RARE
EARTH PROSPECT ACQUISITIONS
October 25, 2011, Vancouver, BC, Canada - International Montoro Resources Inc. (“Montoro”) (TSX-V:
IMT) has received TSX Venture Exchange acceptance of the acquisition of a 100% interest in an additional 11
claims – 4,278.52 hectares (the “Rocky” group) adjoining and surrounding its Tacheeda Lake claims in „The
Rocky Mountain Rare Metal Belt‟ of northern British Columbia, and contiguous to claims held by Spectrum
Mining Corp. 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.
The southwest portion of Montoro‟s newly acquired Rocky group was historically explored by Teck
Corporation to cover a sedimentary exhalative target based on results of a regional program carried out in the
area. The 1992 regional program outlined Zn and Pb soil anomalies. A 1993 program was subsequently carried
out to further define the 1992 program, confirm the anomalies by geophysics and geologically map the property.
The soil survey outlined a 1.6 km long northwest trending multi-element Pb, Zn, Ag and Ba anomaly open in
both directions. Values ranged up to 94 ppm Pb, 2498 ppm Zn, 11.1 ppm Ag and 2400 ppm Ba, significantly
anomalous in this till covered environment.
IMT has issued a total 400,000 units (each unit comprised of one common share of IMT and one share purchase
warrant entitling the holder to purchase one additional common share of IMT for a period of two years from
issuance at a price of $0.10 per share in year one, and $0.15 per share in year two. The shares and warrants are
subject to a hold period from trading until February 19, 2012.
Other
The Company and j.v. partner Belmont Resources Inc. (TSX.V: BEA) (the “Companies”) have received notice
from Rare Earth Metals Inc. (“RA”) that RA will not be proceeding further with its option on the Partridge
River, Labrador claim. The property is located in the Letitia Lake/Red Wine complex located approximately
110 km northeast of Churchill Falls in west-central Labrador, surrounded by RA properties. Upon receipt of the
sampling and exploration report from RA, the Companies will decide future programs for its property. RA has
discovered numerous REE zones in the Red Wine Complex that are reported to host a number of REE deposits
with variable rare metal distributions.
2. 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.
The Company is also further investigating a very positive interpretation of a large airborne anomaly, near
Pecors Lake in the northwest corner of our Serpent River property. The dimensions of the entire inversion
block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from surface.
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 contact Ethos Consulting Ltd. (Investor Relations) at 1-888-818-1365 or phone the
Company at 604-683-6648. Also 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”
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.