June 4, 2019 – Vancouver, B.C. – International Montoro Resources Inc. (TSX-V: IMT) (the “Company”). Following our press releases dated May 1 and April 11, 2019, the Company is pleased to announce that Campbell & Walker Geophysics Ltd. of North Vancouver, British Columbia, has completed 3D magnetic field measurement (inversion measurement) in the Wicheeda North project and Christopher (Kit) Campbell, P.Geo., IMT has presented a summary PowerPoint presentation; http://tiny.cc/q0tq7y
The results suggest two zones of magnetic anomalies recommendfurther ground-based studies with prospecting and detailed geochemical soil analysis prior to a drilling decision and the final selection of drilling targets. A full report on the geophysical inversion measurements is expected in the first week of June and will be published on our website immediately after receipt.
On 1 May 1898, the May 2019, Robert (Bob) Lane, M.Sc., P.Geo.: “The concession area has the potential to host a rare earth metal (REE) mineralization, and should be explored as it is within a favorable geological belt known to contain carbonate REE mineralization, such as in the Main Zone in the Wicheeda (Defense Metals Corp.) concession area.
Wicheeda North concession block expanded by 562.59 hectares
The concession block originally comprised four (4) adjacent MTO concessions with a total area of around 1,444.06 hectares and has now been supplemented to the east by four (4) further contiguous MTO concessions with 562.59 hectares of floor area, extending it to a total of 2006.65 hectares. The entire concession block now covers a larger area of the concession area over which Aeroquest, under IMT at the time, completed a measurement flight in 2010. The helicopter-assisted AeroTEM time range measurement for the evaluation of electromagnetic and radiometric data comprised 654 km of distance; the high-resolution flight took place at a distance of 50 meters between the airlines.
The company is now also in the threshea of a design by Bob Lane, P.Geo. developed field program. Mr Lane has extensive experience in the area, having previously overseen the neighbouring Wicheeda project with nineteen (19) wells for Spectrum Mining between 2008 and 2009. Most recently, he was involved in evaluating and compiling an NI 43-101 compliant technical report for First Legacy Mining (now Defense Metals Corp. – TSX). V: DEFN).
NI 43-101 Compliant Release:
Christopher (Kit) Campbell, P.Geo. has, in its capacity as a qualified expert, in accordance with National Instrument 43-101, reviewed and confirmed the technical information contained in this press release on 3D inversion measurement.
China-U.S. trade dispute highlights rare earth potential:
Rare earths are essential for various areas of our modern way of life, such as military defense. Meanwhile, in the escalating conflict between China and the United States, the rare earths themselves have become a “weapon.” Even as Washington steps up its efforts to resolve the critical raw material problem, the United States, like the rest of the world outside China, relies almost exclusively on the supply of rare earths by rival and adversary China, which is now threatening to stop the export of these raw materials.
The 17 rare earth metals – consisting of the lanthanoids as well as Scandium and Yttrium – are included as indispensable components in a variety of modern everyday goods, such as mobile phones, computers as well as numerous communication devices, electric vehicles, batteries, renewable energies, military defense systems and avionics or flight electronics.
The trade war is already making headlines in numerous publications around the world.
“China MayBe Reaching for It’s Rare Earth Gun” – The National Interest, contribution by Stratfor Worldview – 2 June 2019
‘Don’t say we didn’t warn you’ – CNBC, review by Yun Li – May 30, 2019
Chinese Vice Trade Minister Wang Shouwen reiterated that China could restrict exports of exotic raw materials, the so-called rare earths – The Associated Press, article by Christoper Bodeen – June 2, 2019.
Pentagon to counter China threats by funding US rare earth mines(Pentagon responds to China’s threat to extract rare earth mines in the US) – American Thinker, contribution by Chriss Street – June 1, 2019
Approval of the concession area:
On May 29, 2019, the Company received approval from the TSX Venture Exchange for the acquisition agreement for the Wicheeda North commodity concession. The company has remunerated the three sellers with a total of 25,000 dollars in cash and one million units (1 million). Each unit consists of a common share of the Company’s stock and a transferable share purchase warrant (the “Warrant”). Each warrant can be converted into a common share at a price of 0.10 dollars within two years (until May 29, 2021). The shares and warrants are exempt from trading until 30 September 2019.
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 & Director
Disclaimer for forward-looking information:
Certain statements in this press release are forward-looking statements that reflect the expectations of the Company’s management. Forward-looking statements are statements that are not exclusively historical in nature and include all statements about future views, plans, expectations or intentions. Therefore, these statements may involve a number of risks and uncertainties that may cause actual results, achievements and developments to differ materially from those described in such statements. It cannot be guaranteed that events expected in the forward-looking information will actually occur, or cannot be inferred from the benefits to the Company when they occur. These forward-looking statements reflect the current view of corporate governance and are based on certain expectations, estimates and assumptions that may prove to be inaccurate.
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