News: International Montoro Resources Receives Regulatory Approval for Rare Earth Claims


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News: International Montoro Resources Receives Regulatory Approval for Rare Earth Claims

  1. 1. #600-625 Howe Street TSX.V: IMTVancouver, B.C. V6C 2T6 FRANKFURT : O4TPh. (604) 683-6648 OTC: IMTFF.PKFax: (604) 683-1350 MONTORO RECEIVES EXCHANGE APPROVAL ON TACHEEDA LAKE RARE EARTH PROSPECT ACQUISITIONSOctober 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 11claims – 4,278.52 hectares (the “Rocky” group) adjoining and surrounding its Tacheeda Lake claims in „TheRocky Mountain Rare Metal Belt‟ of northern British Columbia, and contiguous to claims held by SpectrumMining 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 TeckCorporation to cover a sedimentary exhalative target based on results of a regional program carried out in thearea. The 1992 regional program outlined Zn and Pb soil anomalies. A 1993 program was subsequently carriedout 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 inboth directions. Values ranged up to 94 ppm Pb, 2498 ppm Zn, 11.1 ppm Ag and 2400 ppm Ba, significantlyanomalous 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 purchasewarrant entitling the holder to purchase one additional common share of IMT for a period of two years fromissuance at a price of $0.10 per share in year one, and $0.15 per share in year two. The shares and warrants aresubject to a hold period from trading until February 19, 2012.OtherThe Company and j.v. partner Belmont Resources Inc. (TSX.V: BEA) (the “Companies”) have received noticefrom Rare Earth Metals Inc. (“RA”) that RA will not be proceeding further with its option on the PartridgeRiver, Labrador claim. The property is located in the Letitia Lake/Red Wine complex located approximately110 km northeast of Churchill Falls in west-central Labrador, surrounded by RA properties. Upon receipt of thesampling and exploration report from RA, the Companies will decide future programs for its property. RA hasdiscovered numerous REE zones in the Red Wine Complex that are reported to host a number of REE depositswith variable rare metal distributions.
  2. 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 andsurrounding its Tacheeda Lake claims. Montoro owns a 100% interest in 12 mineral claims prospective forRare Earth Elements, in 2 separate claim blocks covering 11,500 acres (4,654 ha), in the new Tacheeda Lakecamp and Carbo area. Montoro also holds a 100% interest in 5,604 acres (2,268 ha , 5 claims – the Chuchinkaproperty) 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, nearPecors Lake in the northwest corner of our Serpent River property. The dimensions of the entire inversionblock 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 – NorthernSaskatchewan. The Company also holds two claim blocks (50/50 with Belmont) in the Central Mineral Belt inLabrador, one of which is located in the historical Letitia Lake-Red Wine rare earth metals camp of west-centralLabrador.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 and watch theSmartstox interview with President Gary Musil ( 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 policiesof the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Thestatements used in this Press Release may contain forward-looking statements that may involve a number ofrisks and uncertainties. Actual events or results could differ materially from the Companies forward-lookingstatements and expectations.