Montoro Consults With First Nations in Preparation for Drill Program on Pecors
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/20/14 --
International Montoro Resources Inc. (TSX VENTURE: IMT)(PINKSHEETS:
IMTFF)(FRANKFURT: O4T) (the "Company" or "Montoro") -
As per new regulations recently imposed by the Ontario Government,
Ministry of Northern Development and Mines ("MNDM") under the Ontario
Mining Act, Montoro has now commenced communication with Aboriginal
communities in the area of its Serpent River property, near Elliot
Lake, Ontario in further preparation for a diamond drilling permit
application. Montoro has sent information to the following First
Nations: Serpent River First Nations; Metis Nation of Ontario; and
Mississaugi First Nation; outlining our intention to embark on a
minimum two hole deep diamond drilling program (approx. 700-1000m
each) into the centre of its Pecors Anomaly as previously described
in our February 20, 2014 news release.
New interpretation on the Pecors anomaly concludes it may be the
result of a contact style nickel-copper-PGE mineralization similar to
that found to the east at Sudbury. Sediment sampling from Pecors Lake
has shown high levels of nickel and chromium, lending further weight
to this analysis. The total field magnetic anomaly strikes
northwesterly and is about 15 km long and about 4 km wide.
The Company has also commissioned L. E. Reed Geophysical Consultant
Inc. to re-examine the VTEM survey results for subtle deep anomalies
in or immediately adjacent to the Pecors Mag feature.
Montoro is very encouraged by recent Nickel prices achieving
multi-year highs. Nickel jumped the most since 2012 as Norilsk
Nickel, the world's largest producer states, "The global nickel
surplus will drop to a four-year low in 2014." " Demand will exceed
output through 2019 as consumers seek to replace supplies from
Indonesia, the world's largest producer from mines, after the
government barred exports of raw ore in January", Macquarie Group
Ltd. said last week. See: http://ow.ly/x1Ywl. Sudbury mining
executive calls for $15-$20 per lb. Nickel by mid-2015
About International Montoro Resources Inc.
Montoro is focused on advancing its 100% owned Serpent River - Elliot
Lake, Northern Ontario, Uranium/REE project & Pecors magnetic anomaly
- potential Ni-Cu-PGE. The property comprises 10 mineral claims (115
units) approx. 1,840 ha.
Montoro has also acquired a 100% interest in 23 mineral claims
prospective for Rare Earth Elements, in 2 separate claim blocks
covering 18,743 acres (7,585 ha) in the new Tacheeda Lake camp; and
3,330 acres (1,348 ha) Carbo area. Montoro also holds a 100% interest
in 5,604 acres (2,268 ha, 5 claims - the Chuchinka property)
contiguous to and adjoining the Wicheeda, a previously reported Rare
Earth discovery, northeast of Prince George, B.C.
In addition the Company 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 - Northern Saskatchewan.
For further information see contact information below and watch the
Smartstox interview with President Gary Musil
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, President, CEO/Director
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(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The statements used in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Companies
forward-looking statements and expectations.
International Montoro Resources Inc.
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