|
BELMONT & MONTORO SURVEY RESULTS ON CRACKINGSTONE
URANIUM PROJECT, URANIUM CITY SASKATCHEWAN
Belmont Resources Inc. (“BEA”) and International Montoro
Resources Inc. (“IMT”) are pleased to announce that
they have received the results of the ground geophysical survey
for the Crackingstone uranium project located 8 km southwest of
Uranium City, Saskatchewan. The program consisted of 87 km of line
cutting, which were surveyed with a Gem Magnetometer and VLF-EM
instrument. The data has been correlated with known structures and
recommends a soil sampling program on the highest priority anomalies,
followed by horizontal loop electromagnetic surveys over key areas
which will further identify targets for diamond drilling. The magnetic
and electromagnetic surveys have identified regional faults and
shear zones that co-relates with known uranium showings. The ground
VLF-EM conductors were successful in defining the Chance Lake, Boom
Lake, Crackingstone and Bushell Bay Faults. Most of the known uranium
occurrences are contained within or proximal to these faults.
The potential to identify targets associated with main structural
events at depth is excellent. Belmont and Montoro view these results
as key to its continued development of the Crackingstone Uranium
project, and is currently arranging for further exploration, which
will include diamond drilling as soon as a drill contractor is available.
The property area contains 18 uranium showings which were trenched,
sampled and tested by numerous diamond drill holes, with only a
few of the showings drill tested to a depth of 100 meters. Two parallel
uranium bearing shear / fracture zones located on the northern portion
of the property and along the Chance Lake fault zone were tested
with 41 shallow percussion drill holes and 7 diamond drill holes
along a 500 meter strike distance. Anomalous uranium mineralization
was also reported in many of the trenches. Previous exploration
on the property has demonstrated a grab assay of 12.53% U3O8, a
46 ton hand sorted bulk sample assaying 0.5% U3O8, a 6.5 ton hand
sorted bulk sample assaying 0.5% U3O8. Four samples taken from a
rock pile at Adit #7, during the 2006 property visit from trenches
along the strike of the fracture zone along an east-west strike
length of 275 meters assayed from 0.28% to 6.55% Uranium. This east-west
fracture is located about 150 meters west of the northeast trending
Boom Lake Fault.
A NI 43-101 technical report discussing this project can be viewed
on SEDAR.
Past production in the area came from four outside occurrences;
the Cinch, Lorado, Rix Smitty and Leonard occurrences. The Cinch
Lake and Rix Smitty mines produced a total 1,869,000 lbs. of U308.
This news release was reviewed and approved for technical disclosure
by R.A. Bernatchez, P. Eng., consulting geologist, 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 and the Uranium
City District in Northern Saskatchewan. The properties are positioned
such that, in addition to successful exploration by Montoro, successful
exploration by Montoro’s neighbours 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.
|