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MONTORO-BELMONT ORBIT LAKE URANIUM PROJECT, SASKATCHEWAN
DEVELOPMENT PROGRAM
International Montoro Resources Inc. (“IMT”) and Belmont
Resources Inc. (“BEA”) are pleased to announce they
have received a preliminary report outlining development recommendations
for its Orbit Uranium Project located 10 km west of Uranium City,
Saskatchewan. This property consists of three claims totaling 11,000
ha, which lie adjacent to the Crackingstone Uranium Project currently
being developed by the Companies. These claims were staked after
completion of the NI 43-101 report for the Companies Crackingstone
Uranium Project, and were subject to a combined airborne and magnetic
survey completed by the Geological Survey of Canada (GSC) and Saskatchewan
Energy and Mines (SGS). A total of 12 uranium showings are documented
on this property from previous exploratory work completed from 1948
to 1959, with uranium values ranging from 0.1% to 3.43%. A full
description of previous exploration will be available on the company
web site in the coming weeks.
The property contains several radiometric anomaly trends that have
received no previous exploration for uranium. The property warrants
an airborne radiometric, magnetic and electromagnetic survey with
closer line spacing than the GSC-SGS survey. The radiometric anomalies
will be systematically prospected to confirm the cause of the previously
tested and untested radiometric anomalies. Additional information
regarding the initiation of this exploration program will be released
when commencing.
The property consisting of three claims numbered S-110098, S-110099
and S-110100 totaling about 11,000 ha, is located approximately
10 km west of Uranium City. The property is accessible by a gravel-based
road and an old tote road starting from the Crackingstone property
(claim # S 108022) and extending northwest and north through claims
numbered S-110098 and S-110100. The south boundary of claim S-110098
is located along the north shore of Lake Athabasca. This part of
the property can be accessed by boat from Bushell landing located
at Bushell Inlet, 10 km SW of Uranium City. A hydro power line crosses
diagonally northwest through claim # S-110098 and claim # S-108022
of the Crackingstone property.
Since the completion of this staking the Companies have seen an
increase of exploration activity in the northwest area of the Athabasca
Basin with announcements by JNR (“JNN”) completing an
airborne electromagnetic and magnetic geophysical survey on their
10,655 ha. Crackingstone project, and similar programs by CanAlaska
Uranium Ltd. (“CVV”) adjacent to the south boundary
of Orbit and Cameco Corp. (“CCO”), the world’s
largest uranium producer, holding a block of claims immediately
to the west of the Orbit claim block.
The historical results reported in this press release are
considered relevant but do not comply with NI 43-101 standards and
should not be relied upon as the Company has not yet completed exploration
work to verify the data.
This news release was reviewed and approved for technical disclosure
by Raymond A. Bernatchez, P.Eng., Consulting Geologist of Atikokan,
Ontario, an independent qualified person.
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