MONTORO COMPLETES PROPERTY AGREEMENT ON BATHURST, N.B. - COBALT
PROSPECT
Further to our News Release of April 1 & 16 and the TSX Venture
Exchange acceptance for filing notice dated April 19, 2002 Montoro
Resources Inc. (the "Company") is pleased to announce
the first stage completion of the property acquisition. The Company
has issued 150,000 common shares subject to a one-year hold period
expiring April 19, 2003.
GEOLOGICAL REPORT, AND WORK PROGRAM
The Company has received a Geological Report on the Bathurst, New
Brunswick Malachite Property. The property contains two separate
but contiguous mining blocks containing a total of 37 claim units
covering approx. 686 hectares. The property contains two known mineralized
zones. Because of elevated assay results for copper and cobalt and
the localized nature of previous work, a comprehensive property
wide exploration program is recommended and will be initiated. A
two phase program is being planned with work to begin before mid
June 2002. Work will include a picket line grid, magnetic and VLF
geophysical surveys, and a 25 metre spaced B-Horizon soil sampling
program. New anomalous areas will be trenched and sampled and detailed
geological mapping will be completed over the cut grid. This first
stage work program is to be completed before September 30, 2002
at which time the Company will have earned a 25% interest in the
property.
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