June 27, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company").
ZTEM Survey completed:
Further to our news release of May 28, 2018, Geotech Ltd. dba Geotech Airborne of Aurora, Ontario has informed the Company that they have completed the helicopter-borne ZTEM geophysical survey of approximately 280 line km at 200m line spacing increasing further information to depths over 2000 metres. Survey results should assist in better targeting the next phase of diamond drilling on its Serpent River - Pecors Ni-Cu-PGE project.
Recent ZTEM 2D synthetic modeling (Legault, 2017) suggest that >7.5 Mt nickel-copper orebodies at >700-2100m depths targets could be detected and resolved as anomalies, provided they are sufficiently conductive (>100S) and reasonably 2-dimensional (ie., approx. >1-3 km long). Hence, ZTEM is considered to be ideally suited for detecting and for targeting future diamond drilling of any potentially deeply buried (>700m) Ni-Cu-PGE 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) Ni-Cu deposits to determine their potential extensions to depth. These include the Ni-Cu-PGE prospect at Western Area-Mustang Minerals JV East Bull Lake Anorthosite (Orta et al., 2011) in nearby Massey, Ont., where ZTEM successfully defined a deep PGE mineralized, troctolitic layer at 850m depths that was originally identified in MT surveys from the 1980’s (Kurtz et al.,1986). Additional successful ZTEM applications were detailed in Montoro’s November 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 Cdn. $760 million in Phase 1 of its Copper Cliff Deep mine and Glencore’s Cdn. $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.
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 February 2018 Montoro received approval for the acquisition of the Duhamel, Quebec property. The Ni-Cu-Co prospect consisted of nine (9) mineral claims comprising 500 ha. Additional staking and compiling of data has been underway since February, and an updated report of these findings is forthcoming.
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (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. Forward-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.
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