News Release: International Montoro Increases Strategic Claim Holdings in Rocky Mountain Rare Metal Belt

976 views

Published on

International Montoro Resources has acquired an additional 4 caims covering 4,500 acres, due west of its Carbo group claims in the Rocky Mountain Rare Metal Belt near Prince George, British Columbia.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
976
On SlideShare
0
From Embeds
0
Number of Embeds
151
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

News Release: International Montoro Increases Strategic Claim Holdings in Rocky Mountain Rare Metal Belt

  1. 1. #600-625 Howe Street TSX.V: IMTVancouver, B.C. V6C 2T6 FRANKFURT : O4TPh. (604) 683-6648 OTC: IMTFF.PKFax: (604) 683-1350MONTORO INCREASES STRATEGIC CLAIM HOLDINGS IN ROCKY MOUNTAIN RARE METAL BELTNovember 15th 2011, Vancouver, B.C, Canada - International Montoro Resources Inc. (“Montoro”)(TSX-V: IMT) has acquired through staking an additional 4 claims covering over 4,500 acres, due west of itspreviously acquired Carbo group in ‘The Rocky Mountain Rare Metal Belt’ northeast of Prince George, BritishColumbia.Montoro now controls over 31,000 acres (12,605.73 ha) consisting of 32 claims in three separate claims blocksas follows:Chuchinka -100% interest in 5,604 acres (2,268 ha, 5 claims) contiguous to and adjoining the Wicheeda rareearth discovery. IMT’s first acquisition is on trend to the northwest and adjoins the Wicheeda property ownedby private company Spectrum Mining Corp. In 2009 Spectrum reported a significant discovery where 11 drillholes intersected very encouraging mineralization. The best drill intercepts included 48.64 metres grading3.55% rare earth elements, 72.0 metres of 2.92% REE’s and 144.0 metres of 2.20% REE’s. Electric Metals Inc.(“EMI”) has an option to earn a 75% interest in these claims through cash payments of $340,000 and 700,000in shares over three years and exploration totaling $425,000 over the same period. In 2010, EMI completed a654 line km AeroTEM helicopter-borne electromagnetic plus radiometric survey covering a 29.4 sq. km areaand was successful in mapping several anomalies, the largest of these measuring 4 km by 1 km. In 2011, EMItested four grids spanning 2 square km of highly prospective ground, collecting more than 2,000 soil and grabsamples. Geochemical sampling of soils and bedrock, together with ground-based geophysics in the form ofprecision magnetometer and scintillometer surveying were applied to identify the most prospective portion ofthis and other REE targets in preparation for trenching and drilling. Results are pending. These claims aresurrounded by numerous other companies such as Canadian International Minerals Inc., Bolero Resources Corp.Alix Resources, Arctic Star Exploration Corp., and Remstar Resources; all of whom are conducting explorationprograms ranging from sampling, trenching to airborne surveys and drilling programs. Canadian Internationalis completing approx. 3200 metres -16 holes on its Carbo property. Bolero recently completed over 4,000 linekm of a geophysical and radiometric airborne survey and has commenced drilling on the Carbonatite Syndicate,contiguous to Canadian International Minerals.Carbo Mtn. - 100% interest in two claims blocks totaling 6,802 acres ( 2,752.69 ha, 7 claims) directlynorthwest of Chuchinka. These claims are adjoining Arctic Star Exploration Corp. and Bolero ResourcesCorp., both companies having recently completed helicopter airborne surveys surrounding the Carbo Mtn.property. Arctic Star preliminary results have identified several radiometric anomalies on the Cap property,which are considered to be high priority with respect to the other surveyed properties in the Carbo area. Furtherresults are pending from both companies.
  2. 2. Tacheeda Lake -100% interest in 18,743 acres ( 7,585.04 ha, 20 claims) and surrounding an additional claimblock owned by Spectrum Mining Corp. The Spectrum claims were believed to cover a buried carbonatite(Cominco 1986, Tacheeda Lake). IMT recently completed a 989 line km magnetic and radiometric airbornegeophysical surveys over 3300 ha of this claim block (results pending). The southwest portion of the Tacheeda(the “Rocky” group of claims) was historically explored by Teck Corporation in 1992/93 to cover asedimentary exhalative target based on results of a regional program which outlined Ag, Pb, Zn and Baanomalies over a 1.6 km long northwest trend (See IMT news release dated October 4, 2011).The northeastern portion of the property contains a 231 acre (93.41 ha) claim called “Quite the Little Pit”. B.C.Rail initially quarried some of the limestone for railway ballast. Diamond Limestone Ltd. mapped and sampledthe area and proposed developing the deposit to supply agricultural limestone. The Tacheeda Lake limestoneprospect lies within a belt of Lower Cambrian limestone and dolomite with minor quartzite and slate. The belttrends northwest for 41 km and varies up to 5 km in width (B.C. Minfile #093J 019).About International Montoro Resources Inc.Rocky Mountain Rare Metal Belt:Montoro recently acquired through staking 1,404 ha – 4 claims. Montoro now owns 31,149 acres (12,605.73 ha – 32 claims, one ofthe largest holders in the belt. Montoro’s most advanced block, is its 100% interest in 5,604 acres (2,268 ha , 5 claims – theChuchinka property) contiguous to and adjoining the Wicheeda, a recently reported Rare Earth Element discovery, northeast of PrinceGeorge, 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 alsofurther investigating a very positive interpretation of a large airborne anomaly, near Pecors Lake in the northwest corner of ourSerpent 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 fromsurface.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 twoclaim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador, one of which is located in the historical Letitia Lake-RedWine rare earth metals camp of west-central Labrador.For further information contact Ethos Consulting Ltd. (Investor Relations) at 1-888-818-1365 or phone theCompany at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch theSmartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).ON BEHALF OF THE BOARD OF DIRECTORS,“Gary Musil”Gary Musil, PresidentCEO/DirectorNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of this release. The statements used in this Press Release may containforward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially fromthe Companies forward-looking statements and expectations.

×