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PROGRESS ON BATHURST, N.B. - COBALT PROSPECT
Montoro Resources Inc. (the "Company") reports the commencing
of a four to five week exploration program on the Bathurst, N.B.
cobalt prospect.
Work will start with approx. 15 km of line cutting (picket line
grid) followed by a 25 metre spaced B-Horizon soil sampling and
assaying program. In addition, a magnetic and VLF geophysical survey
will be conducted. New anomalous areas will be trenched and sampled
and detailed geological mapping will be completed over the cut grid.
Previous trenches which contained elevated cobalt and copper values
will be re-opened and further sampled. The first stage work program
should be completed by the end of August 2002 at which time the
Company will have earned a 25% interest in the property. Results
of the program will be released as they become available from our
consulting geologist, Doug Clark of Bathurst.
Mr. Clark is an accredited Professional Geoscientist and a member
in good standing with the Association of Professional Engineers
and Geoscientists in New Brunswick and has worked as a geologist
continuously over the past 15 years on a wide variety of mineral
commodities and geological settings.
During the summer of 2001 while employed by Hudson Bay Exploration
& Development of Flin Flon, Manitoba, Mr. Clark had the opportunity
to carry out a site visit and observe the geology of the open trenches.
Along with numerous areas of mineralized gabbro and "rhyolite",
Clark observed a number of large angular boulders of altered "rhyolite"
from the bottom of Trench #3 that showed a pinkish oxide bloom (probably
a cobalt oxide). Samples taken from these rocks returned values
up to 233 ppm Co and 21,324 ppm Cu (Note: high copper values are
from strongly mineralized veins with the host rock). Further sampling
from other trenches returned assay values of 2496 ppm Co and 395
ppm Cu. Because of elevated assay results for copper and cobalt
and the localized nature of previous work, a comprehensive property
wide program is being initiated in 2002.
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