International Montoro Resources Inc. (“IMT”) and Belmont Resources
Inc. (“BEA”) are pleased to report that Phase 1 drilling has returned
assays up to 0.37% U3O8 (7.4 lbs./ton) from their 100% owned Crackingstone property
in the historic Uranium City/Beaverlodge mining camp which boasts historical
production of over 70.5 million pounds of U3O8. The drilling program was planned
to test a northeasterly trending electromagnetic conductor coincident with the
Boom Lake Fault which hosts the Beck 94 mineralized zone where surface sampling
returned 1.24% U3O8 in 2007. Drill Holes C-01 to C-08, C-14 to C-16, C-19 and
C-20 were drilled to test the on strike mineralization and the electromagnetic
conductor coincident with Beck 94 showing. This drilling tested and confirmed
the presence of uranium mineralization for a strike distance of 1800 meters
on the Crackingstone property. The drilling to this point strongly indicates
increased width and intensity of alteration and uranium mineralization going
northward from Beck 94. Results have been received for 8 of the 20 holes completed,
with the strongest results from C-08-08 which intersected multiple radioactive
zones including 0.30 m assaying 0.37% U308. Other intersections are as follows:
Hole C-08-08: 24 samples taken with assays ranging from trace to 0.37% U3O8
over widths from 0.10m to 1.70m from samples taken between 42.9m to 255.2m with
the best assays listed below:
From (m) To (m) Length (m) U3O8%
105.2m 106.90m 1.70m 0.041%
107.90m 108.20m 0.30m 0.027%
109.70m 110.50m 0.80m 0.014%
114.00m 114.65m 0.65m 0.18% (3.6 lbs./ton) including
114.40m 114.55m 0.15m 0.31% (6.2 lbs./ton)
115.80m 116.60m 0.80m 0.194% (3.88 lbs./ton) including
115.80m 116.20m 0.40m 0.37% (7.44 lbs./ton)
122.00m 122.20m 0.20m 0.014%
123.00m 123.60m 0.60m 0.076% (1.52 lbs./ton) including
123.30m 123.60m 0.30m 0.14% (2.80 lbs./ton)
198.05m 198.15m 0.10m 0.022%
255.00m 255.20m 0.20m 0.04%
Further sampling is being carried out in this hole.
Hole C-09-08: Contained within a broad zone of silicification, chloritization and hematization with vuggy quartz veins and sulphides in fractured felsic porphyry (pegmatite phase) and meta-sedimentary rocks with best results as follows:
From(m) To(m) Length(m) U3O8%
54.40m 55.10m 0.70m 0.075% including
54.40m 54.75m 0.35m 0.11% (2.20 lbs./ton)
58.00m 58.40m 0.40m 0.123% (2.46 lbs./ton)
58.80m 59.20m 0.40m 0.17% (3.40 lbs./ton)
62.60m 62.80m 0.20m 0.14% (2.80 lbs./ton)
Further sampling is being carried out in this hole.
All other holes intersected wide zones of alteration and fracturing and mineralization
consisting of hematization, chloritization, carbonitization and silicification.
The results were as follows:
C-01-08: 22 samples taken with assays up to 0.067% U3O8 over widths from 0.10m to 0.50m from samples taken between 24.40m and 100.80m. Hole #C-01-08 also contained anomalous values of chromium, nickel, vanadium, copper, cesium, zirconium, thorium and lithium.
C-02-08: 22 samples taken with assays up to 0.019% U3O8 over widths from 0.10m to 1.0m from samples taken between 8.20m and 73.50m
C-03-08: 18 samples taken with assays up to 0.016% U3O8 over widths from 0.10m to 0.70m from samples taken between 14.00m and 80.60m
C-04-08: 23 samples taken with assays up to 0.051% U3O8 over widths from 0.10m to 0.60m from samples taken between 60.00m and 136.80m
C-05-08: 22 samples taken with assays up to 0.014% U3O8 over widths from 0.10m to 0.70m from samples taken between 42.00m and 222.20m
C-06-08: 6 samples taken with assays up to 0.04% U3O8 over widths from 0.20m to 0.40m from samples taken between 102.10 and 182.00m
C-07-08: in process and awaiting results
Additional sampling and assaying is underway between and beyond the intervals taken in Holes C-06, -07, -08, and –09 as well as C-10 to C-20 to thoroughly evaluate the broad zone of mineralization, alteration and fracturing located within the Boom Lake Fault.. The drilling program has identified a major northeast striking zone of intense shearing containing significant uranium mineralization between holes C-7-08 and C-19-08 (assays pending) and coincident with the Boom Lake Fault.
Ongoing Exploration
Recent surface geological reconnaissance survey of the valley walls located numerous highly radioactive showings, especially on the east side of the valley where numerous spectrometer readings ranging from 5000 cps (“counts per second”) up to 40,000 cps were obtained. It has also identified at least four other similar and parallel zones of uranium mineralization contained in similar rock formation and structures to the Boom Lake Fault. The intense shearing and mineralization beneath the overburden in the valley floor may be the cause of the electromagnetic conductor which may serve as a guide in future exploration in this area.
This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist, an independent qualified person under NI 43-101.
Samples were shipped in sealed containers to SRC Geoanalytical Laboratories of Saskatoon, Sask., for analysis. All samples were analyzed using standard ICP partial and total digestion methods. A QA/QC program was implemented as part of the sampling procedure for the drill program. Field duplicates and field blanks were inserted into the sample stream with at least one standard samples and duplicates inserted every 19 and 37 samples respectively for quality checks. The laboratory also has an extensive in-house quality control system.
ON BEHALF OF THE BOARD
Gary Musil, CFO/President/Director
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