Ivanhoe’s Kipushi zinc mine in DRC officially reopens
The restart marked exactly a century since the mine first went into production.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 8, 2011) – International Montoro Resources Inc. (“Montoro”) (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has retained Aeroquest International Limited to conduct multiple large scale geophysical and radiometric airborne surveys over the highly prospective “Tacheeda NW” and “Chuchinka NW” Rare Earth Element prospects located in ‘The Rocky Mountain Rare Metal Belt’ of northern British Columbia. Both of Montoro’s newly acquired properties are on trend with properties held by Spectrum Mining Corp. (the “Wicheeda” discovery), who announced a 48.64 metre interval which averaged 3.55% REE, a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes.
These airborne surveys will assist in identifying and prioritizing Rare Earth Element drill targets for multiple planned upcoming drill programs. The surveys will consist of approx. 1400 line kilometres and will be flown at 50 metre line spacing. The AeroMAG (Gradient & Radiometrics) system is ideal for its superior ability to contour in northern BC’s rugged terrain.
Montoro’s President and CEO, Gary Musil, stated, “Several significant anomalies have been discovered on our Chuchinka REE property, using airborne geophysical surveys. Our upcoming 2011 surveys will encompass the newly acquired Tacheeda NW and Chuchinka NW claims. The previous airborne surveys conducted in the area by numerous other companies (ie. Bolero Resources Corp., Canadian International Minerals Inc., Commerce Resources Corp., and Electric Metals Inc.) have all discovered numerous anomalies that have encouraged further advancing those projects into successful sampling and drilling programs, as well as additional discoveries of REE zones.”
Phase 2 exploration at the “Chuchinka” REE property is now underway and will be focused on defining priority drill targets within several anomalies discovered by joint venture partner, Electric Metals Inc., through an airborne geophysical survey in 2010. The largest of these targets, measuring over 4 km by 1 km, is located near the centre of the property and is defined by a broad magnetic low associated with coincident conductive anomalies. Geochemical sampling of soils and bedrock, together with ground-based geophysics in the form of precision magnetometer and scintillometer surveying, are being applied to identify the most prospective portions of this and other REE targets in preparation for drilling.
This press release has been reviewed and approved by Neil McCallum, P.Geo., a qualified person as defined in NI 43-101.
About International Montoro Resources Inc.
Montoro recently acquired a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 11,500 acres (4,654 ha), in the new Tacheeda Lake camp and Carbo area. Montoro holds a 100% interest in 5,604 acres (2,268 ha, 5 claims – the Chuchinka property) contiguous to and adjoining the Wicheeda, a recently reported Rare Earth discovery, northeast of Prince George, B.C. Montoro is also focused on advancing its 100% optioned Elliot Lake uranium/REE project in northern Ontario. In addition, the Company will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone – 2,427 acres (982 ha) and Orbit – 27,450 acres (11,109 ha) uranium properties in the Uranium City District – northern Saskatchewan. The Company also holds two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador. The Companies have recently optioned one claim block to Rare Earth Metals Inc. in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador.
For further information contact Ethos Consulting Ltd. (Investor Relations) at 1-888-818-1365 or phone the Company at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, President, CEO/Director
The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.
Neither the 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.
