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International Montoro Resources Inc (2)
Symbol IMT
Shares Issued 24,957,105
Close 2018-06-27 C$ 0.04
Market Cap C$ 998,284
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Int'l Montoro completes ZTEM survey at Serpent River

2018-06-27 11:54 ET - News Release

Mr. Gary Musil reports

GEOTECH LTD. COMPLETES ZTEM HELICOPTER SURVEY OVER SERPENT RIVER-PECORS (NI-CU-PGE), ELLIOT LAKE-ONTARIO PROPERTY

Further to International Montoro Resources Inc.'s news release of May 28, 2018, Geotech Ltd., doing business as Geotech Airborne, of Aurora, Ont., has informed the company that it has completed the helicopter-borne ZTEM geophysical survey of approximately 280 line kilometres at 200-metre line spacing, increasing further information to depths over 2,000 metres. Survey results should assist in better targeting the next phase of diamond drilling on its Serpent River-Pecors nickel/copper/platinum group element project.

Recent ZTEM 2-D synthetic modelling (Legault, 2017) suggests that over-7.5-million-tonne nickel-copper orebodies at over-700-to-2,100-metre depths targets could be detected and resolved as anomalies, provided they are sufficiently conductive (over 100S) and reasonably two-dimensional (approximately over one kilometre to three kilometres long). Hence, ZTEM is considered to be ideally suited for detecting and for targeting future diamond drilling of any potentially deeply buried (over 700 metres) nickel-copper-platinum group-element-mineralized massive sulphide bodes that lie within the Pecors mafic intrusive.

ZTEM has been successfully applied as follow-up to VTEM over magmatic massive sulphide (MMS) nickel-copper deposits to determine their potential extensions to depth. These include the nickel/copper/platinum group element prospect at the Western Area/Mustang Minerals joint venture's East Bull Lake anorthosite (Orta et al., 2011) in nearby Massey, Ont., where ZTEM successfully defined a deep platinum-group-element-mineralized, troctolitic layer at an 850-metre depth, which was originally identified in MT (magnetotelluric) surveys from the 1980s (Kurtz et al., 1986). Additional successful ZTEM applications were detailed in Montoro's Nov. 1, 2017, news release. Preliminary survey results should be received in July and a summary of these results will be released when compiled.

Sudbury area -- nickel in demand

The recent announcements by Vale to invest $760-million in phase 1 of its Copper Cliff Deep mine and Glencore's $900-million investment in its Onaping Depth project indicate a renewed confidence in the nickel market and potential of the Sudbury region. Both companies are also increasing their exploration budgets for the Sudbury area.

About International Montoro Resources Inc.

International Montoro is focused 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 property comprises 10 mineral claims (115 units), or approximately 1,840 hectares.

In February, 2018, International Montoro received approval for the acquisition of the Duhamel property in Quebec.

In addition, the company jointly owns (with Belmont Resources Inc. (50/50)) its Crackingstone (982 hectares/2,427 acres) and Orbit (11,109 hectares/27,450 acres) uranium properties in the Uranium City district in Northern Saskatchewan and is seeking a joint venture partner to continue development of this advanced property.

We seek Safe Harbor.

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