Montoro Announces Proposed Exploration & Permit Extension For The Serpent River- Pecors NI-CU-PGE Project

Posted: November 01, 2017

November 1, 2017 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company").

Proposed Exploration:

The Company is preparing to complete a helicopter-borne ZTEM geophysical survey of approximately 280 line km at 200m line spacing increasing further information to depth over 2000 metres; which will assist in better targeting the next phase of diamond drilling on its Serpent River – Pecors Ni-Cu-PGE project.

Recent ZTEM 2D synthetic modeling (Legault, 2017) suggest that >7.5 Mt nickel-copper orebodies at >700-2100m depths targets could be detected and resolved as anomalies, provided they are sufficiently conductive (>100S) and reasonably 2-dimensional (ie., approx. >1-3 km long).  Hence, ZTEM is considered to be ideally suited for detecting and for targeting future diamond drilling of any potentially deeply buried (>700m) Ni-Cu-PGE mineralized massive sulphide bodes that lie within the Pecors mafic intrusive.

ZTEM has been successfully applied as follow-up to VTEM over Magmatic Massive Sulphide (MMS) Ni-Cu deposits to determine their potential extensions to depth.  These include the Ni-Cu-PGE prospect at Western Area-Mustang Minerals JV East Bull Lake Anorthosite (Orta et al., 2011) in nearby Massey, Ont., where ZTEM successfully defined a deep PGE mineralized, troctolitic layer at 850m depths that was originally identified in MT surveys from the 1980’s (Kurtz et al.,1986).  ZTEM was also successfully applied as a follow-up to VTEM over the 3.6 Mt (0.66% Ni, 0.6% Cu) Purepoint Nickel Axis Lake MMS deposit in northern Saskatchewan (Legault et al., 2009), and the 9.2 Mt (0.61% Cu, 0.23% Ni) Mustang Minerals Mayville MMS deposit (Orta et al., 2012).  In fact, a ZTEM survey predicted the >1km extension at depth of the 3.6 Mt (3.6% Ni, 0.95% Cu, 1.3 g/t PT) of Noront Resources Eagle’s Nest MMS deposit in the Ring of Fire district, northern Ontario (Legault et al. 2010).

Permitting Extension:

The Company has recently received exploration permit extensions for the Pecors Anomaly Project from the  Ontario Ministry of Northern Development and Mines.  The renewal is effective for a period of 3 years to October 25, 2020.

About International Montoro Resources Inc.

Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario,  Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has located Uranium/REE mineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 ha

In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.

 

ON BEHALF OF THE BOARD

“Gary Musil”

Gary Musil,

President/CEO and Director

 

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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