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MAGNETIC AND RADIOMETRIC SURVEY COMPLETED ON
CRACKINGSTONE & ORBIT PROPERTIES, URANIUM CITY, SASK
Belmont Resources Inc. (“BEA”), International Montoro
Resources Inc. (“IMT”), and Ultra Uranium Corp. (“ULU”)
are pleased to announce the completion of a helicopter airborne
magnetic and radiometric survey conducted by MPX Geophysics Ltd.
of Richmond Hill, Ontario on the Crackingstone & Orbit properties,
located 8 km west of Uranium City, Saskatchewan.
This survey covering a total area of 12,091 ha, consisted of 1391
line km of 100 meter flight line spacing, using a Scintrex CS-3
total-field magnetometer sensor, installed in a towed-bird airfoil.
The equipment used for the radiometric survey consists of two GRS-410
multi-channel gamma-ray spectrometers with a combined crystal pack
volume of 33.6 litres, which is twice the size of the crystal pack
typically deployed by Canadian contractors. The 100 meter line spacing
with low altitude and low survey speed of the helicopter-borne system
provides exceptional resolution and sensitivity for an airborne
survey. The spectrometry will directly detect any increase in the
concentration of uranium, and measure changes in concentration of
natural radioelements for geological mapping. The magnetic survey
is a highly effective method for mapping geology and fault structures,
and the radiometrics section will assist in defining new and known
zones of bedrock uranium mineralization.
CRACKINGSTONE –(982 ha)
This program will further define the targets being prepared for
a soon to be announced drill program. The recently completed geological
mapping and prospecting has shown strong correlation between uranium
mineralization and structural features such as fractured and granitized
arkosic sandstone, faults and shear zones. Some of these structures
were defined in the ground magnetic and electromagnetic surveys
carried out during the winter of 2006-07.
ORBIT – (11,109 ha)
This airborne survey will provide necessary data for additional
prospecting and mapping, and the identification of drill targets.
The survey will also provide more detail data for the structural
and geological interpretation of the geology of the property as
well as providing further information on the interpretation of the
sampling and geological mapping program recently carried out on
the Orbit property in August and September of 2007. This survey
will provide more detailed information on the magnetic and radiometric
resolution than the survey previously completed by the Geological
Survey of Canada (GSC) and Saskatchewan Energy and Mines (SCS) and
historical uranium exploration on the properties.
Previous highlights from the Orbit property include the following:
SMDI # 1443 – In the late 1940s and early 1950s, Goldfields
outlined a 60 metres long, northeast uranium bearing fracture zone.
Channel sampling of this zone returned 0.113% U3O8 over 1.6 meters.
SMDI # 1446 – Exploration by Goldfields Uranium Mines in
the 1950s outlined uranium mineralization along the Spot Lake Fault
which had potentially significant length and width, has reported
15 m long x 1.2 m wide grading 0.236% U3O8.
SMDI # 1447 – Exploration by Jesko Uranium Mines Ltd in
the 1950s, outlined an ore shoot measuring 0.53 m x 15.2 m long
grading 0.42% U3O8. In 1958, Norcan Development removed 407 tons
grading 0.15% U3O8.
SMDI #1451 – Channel sampling in the 1950s by Pitch-Ore
Uranium Mines outlined a uranium bearing shear zone assaying 0.336%
U3O8 across 7.9 m for 91.4 m on strike. An ore shoot 17.7 m long
x 1.5 m wide graded 0.2% U3O8 was also defined at this time.
SMDI # 2108 – Shear hosted
uranium mineralization in basement rock was defined by Goldfields
Uranium Mines (1950s), Cominco (1968), Mukta (1969) and SMDC
(1978) The conclusion of this work indicated for large ton
low grade potential and contain grade from 0.04 to 0.45 %
U3O8. Grab samples returned values up to 2.43% U3O8.
Beck # -183 and 184 – Kaput Lake Showing – Goldfields
explored this showing in the 1950s by trenching and 4 diamond
drill holes and traced a NE trending fracture-shear zone for
137 metres. They reported high channel sample assays (up to
3.46% U3O8) over 0.3 and 0.6 meters. Best drill results returned
0.24% U3O8 over 1.1 meters.
Beck # 238 – (Rix 100 Claim) – This showing
was explored by Rix Athabasca Uranium Mines Ltd in the 1950s.
The showing consists of a NE trending shear zone 9 to 27 meters
wide and traced for over 305 meters. Best radioactivity occurs
at NW trending fracture with the NE trending fractures. |
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| Beck 183, Kaput Lake, 65,535 counts
per second |
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.
OTHER
Montoro has granted 100,000 incentive stock options under its Stock
Option Plan for a period of two years at a price of $0.35 per share,
subject to regulatory approval.
About International Montoro Resources Inc.
International Montoro Resources Inc. 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 Corp. (TSX.V:ULU).
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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