Received by email:
File: IMT.NR Jan. 25.18 -Montoro Acquires Duhamel -Nickel Copper CobaltProspect - Quebec Final.with FF.2.docx
#600 -625 Howe Street Website: www.MontoroResources.com
Vancouver, B.C. V6C 2T6 E-Mail: gmusil@montororesources.com
Ph.#604-683-6648; Fax #604-683-1350
---> TSX.V: IMT
Frankfurt: O4T1
OTC: IMTFF
MONTORO ACQUIRES DUHAMEL - NICKEL, COPPER, COBALT PROSPECT - QUEBEC, CANADA
JANUARY 25, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company"), is pleased to announce that it h
--->as entered into a Purchase Agreement (the "Agreement") to acquire a 100% interest in the Duhamel Property 200 km north
--->west of the city of Saguenay, Quebec in the Saquenay-Lac-Sain-Jean region.
The Duhamel Property consists of nine (9) mineral claims comprising 500 ha located 14 km west of Arianne Phosphate Inc
--->. - Lac a Paul open-pit phosphate mine.
Geology/ Deposit type: Sulphide mineralization associated to mafic magmatic intrusion.
Historical Exploration: Previous exploration on the property carried by Virginia Gold Mines consisted of high definit
--->ion airborne mag/EM survey, geological mapping, prospecting and drilling. Some preliminary results retrieved from the
---> Quebec Mineral Assessment files indicated drill intersections as follows:
(GM 58807)
DDH 1279-00-05: 1.27% Ni, 0.24% Cu and 0.12% Co over 3 meters at 17.9 meters depth; 1.27% Ni, 0.33% Cu, and 900 ppm Co
---> over 0.9 meter at 91.2 meters depth.
DDH 1279-00-06: 0.86% Ni, 0.13% Cu and 800 ppm Co over 1.5 meters at 30.7 meters depth.
(GM 59143)
DDH 1279-01-31: 1237 ppm Ni, 930 ppm Cu and 240 ppm Co over 0.5 meters
DDH 1279-01-34: 0.27% Ni, 0.82% Cu and 0.19% Co over 0.3 meters.
All previous work is of a historical nature. The work was conducted prior to implementation of NI 43-101 standards an
--->d assay results cannot necessarily be relied upon. International Montoro intends to confirm the reported mineralizati
--->on with the Company's own sampling program.
Conclusions:
The Company is arranging the staking of additional mineral claims adjoining the original Duhamel property.
Acquisition Terms:
In consideration for a 100% interest in the Duhamel Property, the Company will make the following payments:
Paying to the Vendor's the sum of $10,000 Cdn upon signing (paid);
Issuing to the Vendor's an aggregate of 1,000,000 common shares of the Company, at a deemed value of $0.05 per share;
Paying to the Vendor's an additional $50,000 or at the discretion of the Company additional shares at 12 months from E
--->xchange approval;
Paying to the Vendor's an additional $50,000 or at the discretion of the Company additional shares at 24 months from E
--->xchange approval;
Incurring or funding $150,000 in Exploration on the Duhamel Property:
$25,000 on or before 12 months from Exchange approval;
An additional $50,000 on or before 24 months from Exchange approval; and
An additional $75,000 on or before 36 months from Exchange approval.
All common shares issued herein will be issued as fully paid and subject to such resale restrictions and hold periods
--->as may be imposed by applicable securities legislation and the Exchange.
The Company is acquiring the Duhamel Property as a secondary property and will continue to focus near term exploration
---> and development efforts on its wholly owned Serpent River -Pecors Ni-Cu-PGE discovery. The Company anticipates condu
--->cting a field exploration program on the Duhamel Property as soon as weather conditions permit. In the coming weeks,
--->the Company with the Vendors will complete a review of all historic information in advance of the proposed Duhamel Pro
--->perty exploration program.
NI 43-101 Disclosure
Yves Caron, P.Geo., M.Sc., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the
--->technical information in this news release as is reference to the Duhamel Property.
Finder's Fee:
The Company will pay a finder's fee of 10% as per regulatory guidelines to an eligible party in connection with this a
--->greement; payable either in cash and/or in shares. The common shares are subject to a statutory hold period and Excha
--->nge acceptance.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly
---> - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has located Uranium/REE mineralization fr
--->om previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims
--->(115 units), or approximately 1,840 ha
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and O
--->rbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking
--->a joint venture partner to continue development of this advanced property.
ON BEHALF OF THE BOARD
"Gary Musil"
Gary Musil,
President/CEO and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forwar
--->d-looking statements consist of statements that are not purely historical, including any statements regarding beliefs,
---> plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that
--->may cause actual results, performance or developments to differ materially from those contained in the statements. No
---> assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do
---> occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current
---> views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
File: IMT.NR Jan. 25.18 -Montoro Acquires Duhamel -Nickel Copper CobaltProspect - Quebec Final.with FF.2.pdf
#600 -625 Howe Street Website: www.MontoroResources.com
Vancouver, B.C. V6C 2T6 E-Mail: gmusil@montororesources.com
Ph.#604-683-6648; Fax #604-683-1350 TSX.V: IMT
Frankfurt: O4T1
OTC: IMTFF
MONTORO ACQUIRES DUHAMEL NICKEL, COPPER, COBALT PROSPECT QUEBEC, CANADA
JANUARY 25, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company"), is pleased to
announce that it has entered into a Purchase Agreement (the "Agreement") to acquire a 100% interest in the
Duhamel Property 200 km northwest of the city of Saguenay, Quebec in the Saquenay-Lac-Sain-Jean region.
The Duhamel Property consists of nine (9) mineral claims comprising 500 ha located 14 km west of Arianne
Phosphate Inc. Lac a Paul open-pit phosphate mine.
Geology/ Deposit type: Sulphide mineralization associated to mafic magmatic intrusion.
Historical Exploration: Previous exploration on the property carried by Virginia Gold Mines consisted of high
definition airborne mag/EM survey, geological mapping, prospecting and drilling. Some preliminary results
retrieved from the Quebec Mineral Assessment files indicated drill intersections as follows:
(GM 58807)
DDH 1279-00-05: 1.27% Ni, 0.24% Cu and 0.12% Co over 3 meters at 17.9 meters depth; 1.27% Ni, 0.33% Cu, and
900 ppm Co over 0.9 meter at 91.2 meters depth.
DDH 1279-00-06: 0.86% Ni, 0.13% Cu and 800 ppm Co over 1.5 meters at 30.7 meters depth.
(GM 59143)
DDH 1279-01-31: 1237 ppm Ni, 930 ppm Cu and 240 ppm Co over 0.5 meters
DDH 1279-01-34: 0.27% Ni, 0.82% Cu and 0.19% Co over 0.3 meters.
All previous work is of a historical nature. The work was conducted prior to implementation of NI 43-101 standards
and assay results cannot necessarily be relied upon. International Montoro intends to confirm the reported
mineralization with the Company's own sampling program.
Conclusions:
The Company is arranging the staking of additional mineral claims adjoining the original Duhamel property.
Acquisition Terms:
In consideration for a 100% interest in the Duhamel Property, the Company will make the following payments:
(a) Paying to the Vendor's the sum of $10,000 Cdn upon signing (paid);
(b) Issuing to the Vendor's an aggregate of 1,000,000 common shares of the Company, at a deemed value of
$0.05 per share;
(c) Paying to the Vendor's an additional $50,000 o r at the discretion of the Company additional shares at 12
months from Exchange approval;
(d) Paying to the Vendor's an additional $50,000 or at the discretion of the Company additional shares at 24
months from Exchange approval;
(e) Incurring or funding $150,000 in Exploration on the Duhamel Property:
(i) $25,000 on or before 12 months from Exchange approval;
(ii) An additional $50,000 on or before 24 months from Exchange approval; and
(iii) An additional $75,000 on or before 36 months from Exchange approval.
All common shares issued herein will be issued as fully paid and subject to such resale restrictions and hold periods
as may be imposed by applicable securities legislation and the Exchange.
The Company is acquiring the Duhamel Property as a secondary property and will continue to focus near term
exploration and development efforts on its wholly owned Serpent River Pecors Ni-Cu-PGE discovery. The
Company anticipates conducting a field exploration program on the Duhamel Property as soon as weather conditions
permit. In the coming weeks, the Company with the Vendors will complete a review of all historic information in
advance of the proposed Duhamel Property exploration program.
NI 43-101 Disclosure
Yves Caron, P.Geo., M.Sc., a Qualified Person as defined by National Instrument 43-101, has reviewed and
approved the technical information in this news release as is reference to the Duhamel Property.
Finder's Fee:
The Company will pay a finder's fee of 10% as per regulatory guidelines to an eligible party in connection with this
agreement; payable either in cash and/or in shares. The common shares are subject to a statutory hold period and
Exchange acceptance.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly
--->- a potential Ni-Cu-
PGE 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 ha
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and O
--->rbit (11,109 ha, 27,450
acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner
--->to continue development
of this advanced property.
ON BEHALF OF THE BOARD
"Gary Musil"
Gary Musil,
President/CEO and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forwar
--->d-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations
--->or intentions regarding the
future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developme
--->nts to differ materially
from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-lo
--->oking statements will
occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect
--->management's current
views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
--->Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release .
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