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MONTORO COMMENCES DRILLING –ELLIOT LAKE
Further to our news release of August 30, 2007 International Montoro
Resources Inc. (“IMT”), announces that Forage Orbit
Garant Drilling of Val-d’Or, Quebec has commenced the diamond
drilling program for a minimum 2,500 meters of diamond drilling
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.
Gary Musil, President/Director and Brent Griffin, B.Sc. Geology/Director
visited the property on September 13th and 14th, 2007 and are pleased
to announce that the drilling contractor has completed eight (8)
NQ drill holes totalling 1,318 metres as of September 20,2007. A
further four (4) holes are planned for the Pecors Channel (the west
side of the property) to better define the mineralized zone outlined
by previous companies. The drilling of an additional four (4) holes
are also planned for the Whiskey Channel on the east side of the
property, designed to verify the extension of the channel.
Two types of mineralization have been encountered by the drilling
to date:
The first consists of pyritic quartz pebble conglomerate beds
exhibiting elevated levels of radioactivity as measured by a scintillometer.
These beds have been intersected over core lengths of 1.48 to
6.86 metres and they are typical of the style of mineralization
that was mined in the past at the mines in the Elliot Lake area.
The second consists of radioactive heterolithic conglomerate,
aplite dikes, flow top breccia, breccia dikes, greywacke and quartzite
over core lengths of 4.02 to 10.26 metres. This type of mineralization
occurs at or near the unconformity between the Huronian sediments
and the older Archean volcanics and it is often accompanied by
chlorite and clay alteration.
The Company’s exploration work on the Serpent property is
supervised by D. Hawke, M.Sc., P.Geo., consulting geologist and
a qualified person as defined in NI 43-101. Drill core is being
transported from the drill sites by company personnel to a secure
offsite storage area for logging and splitting. Split drill core
samples are being transported by commercial carrier to Activation
Laboratories in Ancaster, Ontario. Activation is accredited to the
ISO 17025 standard and CAN-P-1579 standards. Assay results will
be reported as soon as they are received and compiled by the Company.
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.
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). 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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