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International Montoro Resources Inc
Symbol IMT
Shares Issued 76,260,526
Close 2017-07-06 C$ 0.02
Market Cap C$ 1,525,211
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Int'l Montoro mulls purchase of Au, rare-earth projects

2017-07-06 20:52 ET - News Release

Mr. Gary Musil reports

MONTORO REVIEWS POSSIBLE ACQUISITIONS OF GOLD AND RARE EARTH PROPERTIES - TRUMPS DOE REE STUDY

International Montoro Resources Inc. is reviewing the possible acquisition of two separate projects: a gold project in Timmins, Ont., and a package of rare-earth properties in Quebec and Newfoundland.

Donald Trump's Energy Department seeks to mine elements monopolized by China

Fox News recently announced that "Trump's Energy Department is seeking alternate sources of rare earths other than China. The Energy Department announced a pilot program, investing nearly $7-million into researching ways to mine and produce these elements in the United States."

Rare-earth elements are a series of seemingly obscure elements on the periodic table that are crucial for production of electronics, military equipment and some medications. The elements, which include yttrium, scandium, neodymium and cerium, can be extracted in a variety of ways. One hundred per cent of America's supply of these elements comes from China. China supplies 85 per cent of the world's overall production.

Gary Musil, chief executive officer and president, comments: "Montoro will also be reviewing previous results of drilling in the southwestern portion of its 100-per-cent-owned Serpent River-Elliot Lake, Ontario, property which located uranium/REE mineralization. The company is also looking into financing a helicopter-borne ZTEM geophysical survey over its prospective contact-style, magmatic nickel and copper Pecors anomaly. ZTEM has been successfully applied as a follow-up to VTEM over magmatic massive sulphide (MMS) Ni-Cu deposits to determine their potential extensions to depth."

About International Montoro Resources Inc.

Montoro is focused on advancing its 100-per-cent-owned Pecors magnetic anomaly in Serpent River-Elliot Lake, Northern Ontario, a potential Ni-Cu-platinum-group-element discovery. The southwestern portion of the property has also located uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium. The property comprises 10 mineral claims (115 units), approximately 1,840 hectares.

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