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MONTORO-BELMONT IDENTIFY NINE URANIUM ANOMALIES FROM
GEOPHYSICAL INTERPRETATION OF LABRADOR PROPERTIES
International Montoro Resources Inc. (“IMT”) and Belmont
Resources Inc. (“BEA”) are pleased to announce they
have received an interpretation of a 444.5 line-km helicopter-borne
magnetic and radiometric geophysical survey completed on its two
Central Mineral Belt, Uranium District, Labrador properties. The
Montoro/Belmont Labrador properties consist of the Stormy Lake and
Partridge River claims. A total of nine (9) anomalies have been
identified within these project areas, with priorities assigned
based on this survey. The companies intend to complete this work
in order to further define potential drill targets. Detailed maps
outlining this survey will be available on each company’s
web site in the coming weeks.
The companies contracted Intrepid Geophysics Ltd. of North Vancouver,
B.C. and Encom Technology Pty Ltd. of Australia to complete the
interpretation. ASTER satellite imagery was purchased as an additional
regional dataset for structural mapping over the properties, and
has proved an invaluable exploration tool in identifying and mapping
subtle structural lineaments that are beyond the resolution of the
regional magnetic datasets. A summary of this report is as follows:
Stormy Lake Uranium Project – 26.5 sq. km.
A number of dominant structural trends are identifiable in the
Reduction to Pole (“RTP”) magnetic data. A northeast-southwest
trending deep-seated structural fabric regionally dominates the
area, and several other orientations of cross-cutting interpreted
later structures are observed in the magnetic and ASTER imagery.
Five radiometric target anomalies (A –E) are apparent throughout
the property. The most promising target (A) is located in the southwest
corner of the claim area. It is described as: “Discrete uranium
radiometric anomalies possibly associated with interpreted north-south
trending unconformity. The northern-most target (A) defines a discrete
set of three uranium anomalies in close proximity to the unconformity,
which trend away from the unconformity along a possible intersecting
structure trending west-northwest. All anomalies with a potential
unconformity relationship are a high priority for further field
validation and sampling.”
Target “D” is described as: “Groups of discrete
radiometric anomalies highlighted in both the uranium/total count
and the thorium ratio. These anomalies are located within the Seal
Lake Group and are evident across both ratio datasets, and are therefore
a high priority.”
The report recommends “Detailed field reconnaissance, geochemical
sampling and traverses to further test and evaluate the Target areas”.
Partridge River Uranium Project – 5.75 sq. km
Four radiometric target anomalies (A-D) are apparent throughout
the property. The most promising target (A) is located in the east
central portion of the claim area. It is described as: “Discrete
radiometric anomaly between two northeast trending structures. This
discrete anomaly is highlighted in the uranium channel, uranium/total
count ratio and uranium/thorium ratio, and is therefore deemed a
high priority target requiring field checking.”
Overall Recommendations from this survey can be summarized
as follows:
- Undertake appropriate stream, soil, rock chip sampling of target
areas to test for mineralization.
- Complete more detailed field mapping of the regional target
areas, with subsequent refinement of the structural interpretation.
This news release was reviewed and approved for technical disclosure
by Christopher Campbell, P. Geo., President, Geophysicist of Intrepid
Geophysics Ltd. of North Vancouver, B.C., an independent qualified
person under NI 43-101.
The Companies are encouraged about the potential of these claims
and are closely monitoring the nearby exploration programs of Crosshair
Exploration & Mining (“CXX”), Bayswater Uranium
Corporation (“BAY”), and Universal Uranium Ltd. (“UUL”).
The 2007 summer exploration program will be announced once planning
is completed.
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