BullMarketrun
(This just came in today.)...... https://bullmarketrun.com/?p=27224 .......GLTA
International Montoro Resources Inc. (IMT, TSX-V) Update
International Montoro Resources (IMT, TSX-V) enjoyed its highest-volume day in 8 months yesterday as the company announced mobilization of drill crews to test the fascinating Pecors anomaly near Elliot Lake that has caught the attention of not only IMT, but the Ontario Geological Survey…
Originally, Uranium was the focus at this property but some important work by the OGS has provided strong evidence that this massive anomaly (Pecors) could be the result of contact style Ni-Cu-PGE mineralization similar to that found to the east at Sudbury…significantly, that’s the independent interpretation of the OGS…sediment sampling has also shown high levels of Nickel and Chromium, lending further weight to the new analysis…in other words, IMT has every reason to state that it’s aiming for Ontario’s next major Nickel, Cu and PGE deposit…the drill rig – the ultimate “truth machine” – should provide some initial answers shortly, but the mere potential for a significant high-grade hit in this drill program is likely to attract the attention of speculators…the market could use an exciting success story on the exploration front…Pecors is 1 possibility…
IMT’s first drill hole will be right into the heart of this anomaly as shown below…
IMT is a very capable group led by President and CEO Gary Musil who has done an admirable job of moving HighbankResources (HBK, TSX-V) forward during challenging market conditions the last couple of years…
Technically, IMT has been trading within a horizontal channel between 5.5 cents and 9 cents over the last 6 months, and is showing the same breakout possibilities as John correctly identified recently in Noront Resources (NOT, TSX-V)…
IMT is up half a penny at 8.5 cents as of 8:30 am Pacific…