May 1, 2019 – Vancouver, B.C. – International Montoro Resources Inc. (TSX-V: IMT) (the “Company”). In reference to the April 11, 2019 press release, the Company announces that it has received the NI 43-101 compliant report on the Wicheeda North concession area in the Cariboo Mining Division in British Columbia (BC). The concession area is adjacent to the well-known rare earth metal find Wicheeda. The company commissioned Robert A. (Bob) Lane, M.Sc. P.Geo., of Vernon, BC, to produce an NI 43-101 compliant report.
Conclusions and recommendations:
Mr. Robert (Bob) Lane, P.Geo., reports: “The concession area has the potential to house a rare earth metal (REE) mineralization, and should be explored as it is within a favorable geological belt known to contain carbonatite REE mineralization, such as in the Main Zone in the Wicheeda (Defense Metals Corp.) concession area.
Although the previous exploration of the concession area was limited and covered only the northeastern part of the claims, several geophysical anomalies and a geochemical anomaly were identified, in which more detailed investigations are indicated. Therefore, a comprehensive Phase I exploration program – consisting of reprocessing and reinterpreting geophysical data from flight measurements and the creation of a 3D inversion model (currently conducted by Campbell & Walker Geophysics Ltd. of North Vancouver, BC), prospecting, bedrock mapping, and rock, mud and soil sampling – is justified and recommended.
The report by Robert A. (Bob) Lane of Plateau Minerals Corp. titled “Wicheeda North Rare Earth Element Project” of April 26, 2019 will be published as soon as possible on SEDAR and the Company’s website at www.MontoroResources.com.
The concession area consists of four (4) contiguous claims (plots via Mineral Titles Online/MTO) with a floor area of approximately 1,444 ha. Aeroquest conducted a flight measurement over part of the concession area in 2010 when it was first owned by the company. Flight measurement consisted of high-resolution electromagnetic (AeroTEM) and radiometric investigations by helicopter over 654 km of lines along measuring lines at 50 meter intervals.
Bob Lane has extensive experience in this area, having previously led the drilling programs with nineteen (19) holes in the adjacent Wicheeda projects for Spectrum Mining in 2008 and 2009, and recently in the creation and production of an NI 43-101 compliant technical report for First Legacy Mining (now Defense Metals Corp., TSX). V: DEFN).
NI 43-101 Compliant Release:
Robert A. (Bob) Lane, M.Sc., P.Geo., in his capacity as a qualified expert within the meaning of National Instrument 43-101, has reviewed and approved the technical information in this press release.
Management recommends that B.C. Super Flow-Throughfinancing be implemented so that exploration can begin as soon as seasonal road access is in place and conditions in the concession area allow sampling and the recommended work programme to be carried out. A notice will be made upon approval of the purchase agreement for the concession area by the TSX Venture Exchange.
About International Montoro Resources Inc.
- In February 2019, Montoro entered into purchase agreements with various sellers to acquire claims in the Cariboo Mining Division in British Columbia; The approval of the stock exchange for the acquisition of claims Wicheeda North, which are adjacent to the well-known REE fund Wicheeda, is imminent.
- Montoro will continue to focus on developing its 100% self-owned magnetic anomaly at Pecors near Serpent River-Elliot Lake in northern Ontario – a potential Ni-Cu-PGEdiscovery. In the southwestern part of the concession area, uranium/REEmineralization was discovered in the course of previous drilling, in the wider area where Rio Algom discovered uranium. The concession area comprises 10 mineral claims (115 units) with around 1,840 ha of floor space.
- In February 2018, Montoro received approval for the acquisition of the Duhamel concession area in Quebec. The Ni-Cu-Coproject consists of nine (9) mineral claims with 500 ha of floor space. Since February, a further thirty-two (32) adjacent mineral claims have been identified and further data are compiled; the extended concession area now covers a total of about 2,300 ha and is polite for titanium, vanadium and chromium.
- In addition, the Company, together with Belmont Resources Inc. (50/50), owns its Crackingstone UraniumConcession Areas (982 ha, 2,427 acres) in the Uranium City District in northern Saskatchewan and is seeking a joint venture partner to continue the development of this concession area, which is at an advanced stage of exploration.
FOR THE BOARD
President/CEO and Director
Precautionary notice regarding forward-looking information:
Certain statements in this press release constitute forward-looking statements that reflect management’s expectations. Forward-looking statements include statements that are not exclusively historical in nature, including statements about views, plans, expectations and intentions for 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 forward-looking statements. It cannot be guaranteed that the events anticipated in the forward-looking statements will occur or, if they occur, will benefit the Company. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions that may prove to be false.
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