International Montoro Resources Inc. (“IMT”) and Belmont Resources Inc. (“BEA”) are pleased to report the final 7 holes drill results from its Phase 1 – 20 hole drilling program on their 100% owned Crackingstone property in the historic Uranium City/Beaverlodge mining camp. The camp had historical production of over 70.5 million pounds of U3O8. This drilling tested and confirmed the presence of uranium mineralization for a strike distance of 1800 meters (1.12 Miles ) along the Boom Lake Fault. The drilling also intersected an east-west structure (North Crackingstone Fault). These intersection points provided ample fracturing for the transportation of uranium bearing hydrothermal fluids.
Hole C-14-08 was drilled to a depth of 121.3 m to intersect the northeast striking Boom Lake Fault and the east-west (North Crackingstone Fault) lineament. Hole C-14-08 returned the highest assay results from the 20-hole drill program. This hole intersected 0.3 metres assaying 2.087% U3O8 (41.74 lbs./ton) included in a 3.0m intersection from 49.1m to 52.1m assaying 0.36% U3O8 (7.19 lbs./ton). Results from this intersection are listed below in Table 1:
This hole also recorded a further 6.8m intersection from 89.8m to 96.6m with assays from 0.003% to 0.09% U3O8 (1.80 lbs./ton).
A 2008 surface reconnaissance radiometric survey has identified several new radioactive showings in fracture zones east, northeast and north of drill holes C-08-08 to C-19-08. The radiometric readings from these showings, varied from 300 cps to over 35,600 cps. All of these new radioactive showings trend northeast and parallel to the Boom Lake Fault and are contained within five separate fracture zones. The drilling area is covered with moderate to deep overburden, and was not previously detected with radiometric surveys. The VLF EM survey suggests that the Boom Lake Fault extends southwesterly an additional 2000 metres from the Beck 94 showing which is at the south end of the phase one drilling program. The southwesterly extension of the Boom Lake Fault has never been explored by radon gas surveys and drilling. It is strongly recommended that further exploration by radon gas sampling, geological mapping and definitely additional drilling be carried out along this conductive feature.
Hole C-15-08 was drilled approximately 100 meters northeast of C-14-08 to a depth of 121m to intersect the Boom Lake Fault. A total of 4 samples were taken in this shallow hole. The assays ranged from trace to 0.002% U3O8.
Hole C-16-08 was drilled 160 meters northeast of C-15-08 to a depth of 121m also to intersect the Boom Lake Fault. A total of 4 samples were taken in this hole. The assays ranged from trace to 0.003% U3O8.
Hole C-17-08 was drilled 75 meters west of C-16-08 to a depth of 121m to intersect the uranium bearing mineralization under the Beck 48 showing (Adit #7). A total of 7 samples were taken from this hole with assays ranging from trace to 0.007% U3O8.
Hole C-18-08 was drilled 300 metres northeast of C-17-08 to a depth of 121m to test a radon gas anomaly. A total of 8 samples were taken from this hole with values up to 0.002 % U3O8.
Hole C-19-08 was drilled from the same location to a depth of 158m to intersect the Boom Lake Fault.. A total of 18 samples were taken from this hole with assay values up to 0.005% U3O8.
Hole C-20-08 was drilled 50 meters south of Hole C-14-08 to a depth of 102.7m to also intersect the Boom Lake Fault. A total of 72 samples were taken with assays ranging from trace to 0.006% U308. The alteration observed in this hole confirmed a wide zone of uranium mineralization coincident and downstrike to the southwest of C-14-08 and coincident with the Boom Lake Fault.
In summary, the drilling resulted in the discovery of a new wide zone of uranium mineralization associated with the Boom Lake Fault. The drilling has also shown that there are multiple parallel zones of uranium mineralization in this area. The radon gas survey in combination with the VLF EM survey has proven to be effective tools for identifying drill targets in overburden areas in the Beaverlodge uranium camp. The ground VLF EM survey was effective in the identification of the Boom Lake Fault Zone. The VLF EM survey has also identified 25 other parallel northeast trending conductors east and west of the Boom Lake Fault, within the Crackingstone property. Many of these conductors are prospective drilling targets for the discovery of uranium mineralization.
Additional information including maps, images and complete drilling results of the Crackingstone Uranium project will be posted on the respective Company web sites.
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.
All samples were shipped in sealed containers to SRC Geo-analytical Laboratories
in 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 sample
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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