Serpent River Property, Ontario

Download International Montoro Resources Corporate Presentation

The Company entered into a Property Acquisition Agreement to facilitate an acquisition of 100% interest in ten mining claims (115 units-approx. 1,840 hectares) in the Sault Ste. Marie Mining Division, Elliot Lake area in Northern Ontario more commonly known as the Serpent River property.

Location Map

Uranium mineralization on the claims is typical of the setting found at the past producing mines in the Elliot Lake camp.; namely, uraniferous quartz pebble conglomerates of the Mississagi Formation. After completing a drill program in the general area, Rio Algom Ltd., outlined a resource on the Serpent River property that they called the Pecors East Zone. They estimated (Ore Estimates Map, 1977) that the Pecors East Zone contains an indicated resource of 20,000,000 tons grading 0.037% (0.74 lbs./t) U308 or 14,800,000 lbs. U308. This resource estimated is based on limited drilling and there is potential to expand the Pecors East Zone on the property

Elliot Lake Property
Elliot Lake Property

The resource estimate cited above predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. IMT has not yet done exploration work to verify or classify the historical estimates as a current mineral resource and the Company is not treating the historical estimates as a current mineral reserve or resource.

Rio Algom mined more than 100 million pounds of U308 from similar deposits in the Elliot Lake camp and its compilation is generally considered reliable according to local industry standards.

Serpent River Magnetics
Total Field Magnetics
Serpent River Derivative of TMI
Derivative of TMI
Serpent River Technical Report
Technical Report
Serpent River Magnetic Anomaly
Magnetic Anomaly
Ontario Geological Survey
Geological Survey
Rio Algom
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Figure  of 5 : Rio Algom

Map - Property Location and Rio Algom Ore Estimates (1977)

Montoro’s drilling at Serpent River found uranium values in the mineralized quartz pebble conglomerates consistent with historic results. Montoro also intersected mineralized aplite dykes and sills below the conglomerate beds, as well as highly altered mineralized breccia along the unconformity between the Archean basement rocks and overlying Proterozoic sediments.

Significant rare earth values accompany the uranium mineralization. Elliot Lake was a major producer of yttrium as a by-product of the uranium production. Immediately west of the Serpent River project, neighbor Pele Mountain Resources (TSX.V: GEM) is advancing its Eco Ridge uranium-REE project, and in July 2011 it announced the positive results of a Preliminary Economic Assessment. Pele Mountains’ testing indicates good recoverability of REE’s, and similar results could be expected from the Serpent River mineralization.

But the uranium and rare earths at Serpent River may prove to be a sideshow to another deposit type. In a 2009 summary of Ontario Geological Survey field work, a strong geophysical anomaly on the claims that was previously thought to be caused by an iron formation was reexamined. The new interpretation of the Pecors anomaly concludes it may be the result of contact style nickel-copper-PGE mineralization similar to that found to the east at Sudbury. Sediment sampling from Pecors Lake has shown high levels of nickel and chromium, lending further weight to the new analysis.

Montoro commissioned a geophysical specialist to further interpret the airborne survey data, and the resulting 3D representation of the anomaly shows a length of seven km and width of three km, with an estimated depth of almost two km.


2015 Diamond Drill Hole Locations - Pecors Anomaly (P15-22 & 23)

ZTEM 2D Synthetic Modelling - Pecors Magmatic Massive Sulphide Target

Download: OGS Survey - Elliot Lake-Sault Ste. Marie Area Lake Sediment Geochemical Survey, Northeastern Ontario - 2010

Notes on the Response of the Pecors Magnetic Anomaly by L.E. Reed Geophysical Consultant Inc. - July 6, 2011

Vale celebrates Totten Mine Startup - December 1, 2013

Report on a Review of Airborne EM & Magnetic Surveying on the Pecors Magnetic Anomaly by L.E. Reed Geophysical Consultant - August 4, 2014

Petrographic Report on Pecors by Ronacher McKenzie Geoscience - May 25, 2015

Logistics Report on a BH UTEM 4 Survey by Lamontagne Geophysics Ltd. - June 2015

Crone Pulse-EM Geophysical Survey & Logistics Report by Crone Geophysics & Exploration Ltd. - September 2015

Gary Musil, CEO/President talks with Market One Media Group on the Pecors Anomaly progress

Pecors Anomaly site visit Jan 22, 2015 – Mississauga First Nations ("MFN") blessing

Pecors Anomaly site visit
(left-right) Dana Boyer, MFN; Don Hawke, P.Geo., Consultant; Dave Bell, MNDM; Willie Pine, MFN
Pecors Anomaly site visit
(left-right) Don Hawke, P.Geo., Consultant; Willie Pine, MFN; Dave Bell, MNDM; Dana Boyer, MFN

Pecors Drill Site – setup commencing

Drilling Contractors on Pecors Site
Don Hawke, Consulting Geologist (left) with Drilling Contractors on positioning of drill rig on Pecors Site
Core logging facility
Core Logging Facility, near Elliot Lake, Ont.
Preparing for drilling at Pecors site
Preparing for drilling at Pecors site
Preparing for drilling at Pecors site
Preparing for drilling at Pecors site
Preparing for drilling at Pecors site
Preparing for drilling at Pecors site

Pecors Drill Site Setup & Area Visit - April 8, 2015

Pecors drill site
Reviewing Drill Core in Core logging facility. Foreground to back: Don Hawke, P.Geo.; Gregory Campbell, MSc. Technical Advisory Board; & Gary Musil, CEO/President
Pecors drill site
Flight from Elliot Lake Airport to Pecors Drill Site overlooking Pecors Lake & Vite Point
Pecors drill site
Pecors Drill Site
Pecors drill site
Overlooking the Orbit Garant Drilling Services setup at Pecors Hole #1
Pecors drill site
Don Hawke, P.Geo & Greg Campbell, MSc. examining drill core in Drill Tent at Pecors Hole #1
Pecors drill site
Gary Musil, CEO/President next to Heli Explore
Pecors drill site
Elliot Lake Airport
Pecors drill site
Orbit Garant Drilling Foreman; Gregory Campbell, Heli Explore pilot, Don Hawke-P.Geo. Project Manager, & Gary Musil –CEO/President following site visit April 8, 2015
Pecors drill site
Heli Explore at Pecors Site with Gary Musil, CEO/President; Orbit Garant drill foreman & Heli pilot
Pecors drill site
Water Supply for Pecors Drilling on nearby pond
Pecors drill site
Flying south over Pecors Lake
Pecors drill site
Landing approach at Elliot Lake Airport

Pecors 3D Magnetic Inversion Model

Pecors 3D vertical slice image view from South
Pecors 3D image view from West

Pecors Drill Site #2

Drill Site of Pecors Hole #2
Drill Site of Pecors Hole #2
on Hawke, P.Geo examining drill core at Pecors Hole
Don Hawke, P.Geo, examining drill core at Pecors Hole #2

Pecors Drill Hole #2

Crone Geophysics mobilizing for Pecors Hole #2 probing
Crone Geophysics mobilizing for Pecors Hole #2 probing
Heli-Explore chopper arriving for mobilizing to Pecors Hole #2 Heli-Explore chopper arriving for mobilizing to Pecors Hole #2
Crone Geophysics crew arrives at site of Pecors Drill Hole #2Crone Geophysics crew arrives at site of Pecors Drill Hole #2


Crone Geophysics crew setting up probing on Pecors Hole #2

Crone Geophysics crew setting up probing on Pecors Hole #2
Crone Geophysics crew setting up probing on Pecors Hole #2
Crone Geophysics crew setting up probing on Pecors Hole #2
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