| MONTORO
COMMENCES FIRST PHASE RECOMMENDED PROGRAM AND PREPARES FOR DRILLING
–ELLIOT LAKE
International Montoro Resources Inc. (“IMT”) has commenced
the first phase program 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 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 assist in coordinating the first phase 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.
Mr. Hawke has completed the sourcing, extracting and review of
all available exploration files on the property to further compile
and validate the historic borehole data and records of analytical
data. Mr. Hawke has commissioned Dan Patrie Exploration Services
to conduct a search for previous borehole collars on the Serpent
to confirm their location and assess the potential to re-enter the
holes to conduct radiometric surveys, and to check out access to
some of the sites for preparing of the recommended twin hole and
exploration hole drilling.
Mr. Hawke has commissioned a drilling contractor and the Company
expects to sign a contract for 2400 metres of diamond drilling (approx.
17 holes ranging in depth from 60 to 200 metres) to commence before
the end of July.
The Company is also considering contracting of a helicopter VTEM
survey to provide additional information on the structure of the
Huronian sediments and the Archean basement. This survey may also
highlight possible reductant zones that could act as a host for
high-grade mineralization.
This press release has been reviewed and approved for technical
disclosure by Donald R. Hawke, B.Sc., M.Sc. F.G.A.C., P.Geo. of
Port Sydney, Ontario, an independent qualified person under NI 43-101.
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). The
properties are positioned such that, in addition to successful exploration
by Montoro, successful exploration by Montoro’s neighbours
and joint venture optionors will likely raise Montoro’s value
by association. The uranium market continues to experience a strong
upward price trend due to uncertain supply and increasing global
demand. Through project generation and additional discoveries, Montoro
will provide shareholders with exposure and leverage to this increasing
global demand for uranium.
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