04:32:20 EDT Tue 21 May 2019
Enter Symbol
or Name
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International Montoro Resources Inc (2)
Symbol C : IMT
Shares Issued 36,157,105
Close 2019-04-30 C$ 0.045
Recent Sedar Documents

Int'l Montoro report suggests mapping at Wicheeda North

2019-05-01 07:59 ET - News Release

Mr. Gary Musil reports

MONTORO RECEIVES NI 43-101 REPORT ON WICHEEDA NORTH, B.C. CANADA - RARE EARTH ELEMENT (REE) PROJECT

Further to International Montoro Resources Inc.'s news release of April 11, 2019, the company has received the National Instrument 43-101 report on the Wicheeda North property located in the Cariboo mining division, British Columbia, adjoining the well-known Wicheeda rare earth mineral discovery. The company contracted Robert A. (Bob) Lane, MSc, PGeo, of Vernon, B.C., to complete an NI 43-101 report.

Conclusions and recommendations

Mr. Lane reports, "The property has the potential to host, and should continue to be explored for, rare earth element (REE) mineralization because it occurs within a favourable geological belt known to contain carbonatite-hosted REE mineralization such as the Main zone on the Wicheeda (Defense Metals Corp.) property located approximately 10 km to the southeast."

Although past exploration of the property was minimal, covering only the northeast part of the claims, it did identify several geophysical anomalies and one geochemical anomaly worthy of follow-up. Therefore, a comprehensive phase 1 exploration program consisting of: reprocessing and reinterpretation of the airborne geophysical data and 3-D inversion modelling (currently being conducted by Campbell & Walker Geophysics Ltd. of North Vancouver, B.C.); prospecting and bedrock mapping; and rock, silt and soil sampling is warranted and recommended.

The report titled "Wicheeda North Rare Earth Element Project" by Mr. Lane -- Plateau Minerals Corp. dated April 26, 2019, will be posted to SEDAR and to the the company's website.

The claim block comprises four contiguous MTO cell claims that cover approximately 1,444 hectares of which a portion of the claim area was previously flown in 2010 by Aeroquest, when previously owned by IMT. It consisted of 654 line kilometres of AeroTEM helicopter-borne, time domain electromagnetic plus radiometric surveying flown at high-resolution 50-metre line spacing.

Mr. Lane has extensive experience in this area as he previously managed the adjacent Wicheeda 19-hole drilling projects in 2008 and 2009 for Spectrum Mining; and recently assisted in the compilation and completion of an NI 43-101 technical report for First Legacy Mining (now Defense Metals Corp.).

NI 43-101 disclosure

Mr. Lane, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information above in this news release.

Financing

The management of the company is recommending completion of a British Columbia superflow-through financing, so exploration can commence as soon as the seasonal road access is open and property conditions are accessible for sampling and the recommended work program. An announcement is forthcoming upon TSX Venture Exchange acceptance of the property acquisition agreement.

About International Montoro Resources Inc.

In February, 2019, Montoro entered into acquisition agreements with various vendors, to acquire claims in the Cariboo mining division, British Columbia, and is proceeding to exchange approval on the Wicheeda North claims (1,444 hectares) adjoining the well-known Wicheeda REE discovery. Montoro will continue to focus on advancing its 100-per-cent-owned Serpent River-Elliot Lake, Northern Ontario, Pecors magnetic anomaly -- a potential nickel-copper-platinum-group-element discovery. The southwestern portion of the property has located uranium/REE mineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 hecatres. In February, 2018, Montoro received approval for the acquisition of the Duhamel, Que., property.

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