|
MONTORO CONTRACTS FORAGE ORBIT FOR DRILLING –ELLIOT
LAKE
Further to our news release of July 16,2007, International Montoro
Resources Inc. (“IMT”) has contracted Forage Orbit Garant
Drilling of Val-d’Or, Quebec for a minimum 2,500 meters of
diamond drilling as recommended in the NI 43-101 compliant Technical
Report (the “Report”) on its Elliot Lake uranium properties,
more commonly known as the Serpent River property (“Serpent”)
in northern Ontario, authored by Scott Wilson Roscoe Postle Associates
Inc. (“Scott Wilson RPA”) dated March 20, 2007.
The Company has also completed the necessary road work and access
to the drill sites for drilling to commence immediately upon arrival
of the contractor.
The Serpent River property is located about 13 kilometres east
of the town of Elliot Lake on the south limb of the Quirke syncline
and covers approximately 4,000 m of the contact between the Matinenda
Formation and the underlying basement rocks. The Elliot Lake mining
camp was once known as “the Uranium Capital of the World”
and has produced more than 270 million pounds of U308 from stratigraphically-bound
deposits that demonstrate remarkable consistency over extensive
areas.
The Company has retained the services of Mr. Donald Hawke, Consulting
Geologist to supervise the drilling program. Mr. Hawke and Gregory
Campbell (one of the principal owners of the property), over the
past several years have gained considerable knowledge relating to
the geology and mineral potential of deposits of the Elliot Lake
area. Based on their knowledge, expertise, and years of experience,
the Consultants have postulated a new model for potential higher-grade
uranium mineralization below the stratigraphic horizon hosting the
known uranium deposits of the Elliot lake, within the basement rocks.
The success of nearby Pele Mountain Resources Inc. (TSX.V:GEM) drilling,
has continued to substantiate the higher-grade uranium potential
of the Elliot Lake camp.
About International Montoro Resources Inc.
International Montoro Resources is focused on the advancement of
its 100-percent optioned Elliot Lake uranium project in northern
Ontario and Cup Lake/Donen uranium project in south-central British
Columbia. In addition the Company (50/50) with Belmont Resources
Inc. has acquired significant uranium properties located in the
Central Mineral Belt Uranium District in Labrador (recently optioned
to Crosshair Exploration (TSX.V: CXX) and two claim blocks in the
Uranium City District in Northern Saskatchewan (recently optioned
the Orbit Lake-11,109 ha block to Ultra Uranium (TSX.V:ULU). Through
project generation and additional discoveries, Montoro will provide
shareholders with exposure and leverage to this increasing global
demand for uranium.
|