|
MONTORO-BELMONT J.V. COMPLETES PRELIMINARY EVALUATION
OF CRACKINGSTONE RIVER/RUZA PROPERTY NEAR URANIUM CITY, SASKATCHEWAN.
International Montoro Resources Inc.(“IMT”) and Belmont
Resources Inc. (“BEA”) (Montoro-Belmont JV) have
completed a preliminary evaluation of the companies 750 hectare
Crackingstone River Property
(“CRR or the “Property”) located on the north
shore of Lake Athabasca (Northern Mining District – Crackingstone
River area) and 8 km SW of Uranium City, Saskatchewan.
The evaluation is based on a property visit carried out in May
of 2006 and a preliminary review of the exploration history carried
out on the property. There have been two main periods of exploration
on the Property evaluating the uranium potential. Rix Athabasca
Uranium Mines Ltd. and Amax Uranium Mines Ltd. carried out simultaneous
evaluations of their adjoining property from 1949 to 1953. Numerous
uranium occurrences were discovered by standard prospecting with
a Geiger counter and scintilometer. The most promising showings
were tested with shallow diamond drill holes to a depth varying
from 30 to 250 feet. Three significant northeast striking uranium
trends were identified. From 1967 to 1969, Mukta Explorations (Quebec)
Inc. carried out further exploration on the Rix and Amax discoveries.
In many cases, Mukta extended the known uranium zones discovered
by Rix and Amax. Historical data has reported assays of up to 12.57%
U3O8.
The 2006 CRR property due diligence review confirmed the uranium
showings discovered by previous exploration. The sampling survey
was successful in confirming the presence of uranium mineralization
hosted within NW trending brittle fractures that are contained within
NE trending shear zones. The preliminary review of the extensive
past exploration data has confirmed the presence of three significant
NE striking uranium bearing shear zones on the property. The recent
sampling survey and data research has confirmed the presence of
an ENE striking structure identified by previous explorers traversing
through the central portion of the CRR property. This ENE structure
is host to the past producing Cinch Lake Uranium Mine located less
than 3km east from the CRR property. The Cinch Lake Uranium Mine
produced 739,000 lb of uranium at a grade of 0.26% U3O8.
There are over 18 uranium showings known to exist on the CRR property.
Four uranium occurrences were confirmed in the southern, central
and northern portion of the Property, during this visit.
Sample assays were obtained from an open cut and adit located in
the northern portion of the Property. This adit is known as Rix
#7 adit. The uranium mineralization consists of uranophane (yellow
stain) and pitchblende. Four samples taken from the rock pile and
trenches along the strike of the fracture zones along an east-west
strike length of 275 meters assayed as follows:
| Sample number |
Location |
Description |
Type sample |
% Uranium |
| 336913 |
628687E6602416N(Rix #7 adit) |
Yellow staining along fractures in granite |
Grab from the rock pile near adit |
0.28 |
| 336914 |
628691E, 6602411N(Rix #7 adit) |
Qtz-calcite vein pitchblende & yellow-orange stain |
Chip from north face of open cut |
0.40 |
| 336915 |
628680E6602429N(Rix #7 adit) |
Quartz-calcite vein with Pitchblende & yellow-orange stain
|
Chip from face of trench #2 |
6.55 |
| 336917 |
62688411E6602533N(Rix #7 adit) |
Yellow-orange stain in granite gneiss |
Chip grab from shear zone |
0.78 |
Two other samples from the south and central portion of the property
assayed as follows:
| 336901 |
628092E6599768NRix # 49-CC1-1 |
E-W Brittle fractured hornblende schist. |
Chip across 0.3 m |
0.07 |
| 336907 |
628120E6600259NAmax # 49-CC1-6 |
Qtz-feldspar-chlorite schist, hematite staining |
Grab-chip |
0.023 |
The samples taken from Rix #7 Adit also contained significant
quantities of silver and lead. Sample # 336917 assayed 15 g Silver/t.
Sample # 336915 contained more than 0.5% Lead.
The mineralization is contained within fracture, silicified, fractured
and intensely granitized meta-sediments, meta-volcanic and altered
intrusive rocks. Most of the showings are contained within the Northeast
trending Black Bay Shear Zone. The Black Bay Fault crosses the southeast
portion of the Property. The ENE trending Crackingstone Fault Zone,
which hosts the Cinch Lake Uranium Mine crosses through the central
portion of the Property. This Fault Zone intersects the Black Bay
Shear Zone in the central portion of the Property. The intersection
of these two faults has caused severe fracturing and much of the
area on the intersection is covered with swampy ground. Several
known uranium occurrences are located near the area of the intersection,
and represents a prime target for uranium exploration on the CRR
property. The intersection point of the Crackingstone Fault Zone,
with all three NNE uranium bearing shear zones also represents prime
exploration targets for further uranium exploration.
All results and data pertaining to this project has been reviewed
and verified by R.A. Bernatchez, P. Eng. Consulting Geologist. A
comprehensive National Instrument 43-101 geological report, expected
soon, will outline the further highly recommended exploration program.
|