The SmartStox Online Report published the following summary on International Montoro Resources Inc. and their exploration activities in British Columbia and Ontario.
SmartStox.com Features International Montoro Resources Inc. (TSXv: IMT)
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International Montoro Resources Inc.
IMt:tSX-V | o4t:FWB | IMtFF:Pk
Prospective Rare Earth Element and Uranium Exploration Holdings
I
nternational Montoro Resources’ metre interval averaging 2.92% REE, and bination of cash, shares, and committed
focus is on its rare earth properties a 144 metre interval averaging 2.20% REE exploration expenditures. an airborne
in an emerging exploration play in in three separate drill holes. The signifi- geophysical survey was flown over the
BC, as well as its Serpent River-El- cance of Spectrum’s findings is now being property that fall, and its information will
liot Lake rare earth element—ura- recognized by several companies and the guide subsequent exploration.
nium project in northern Ontario. area is now developed into a new explo- Montoro acquired the 12 claim, 4654
International Montoro’s prospective ration camp, called the ‘Rocky Mountain ha, tacheeda Lake holdings later in the
uranium properties in historic camps have Rare Metals Belt’. year. One block of those claims is located
considerable exploration potential, and The Chuchinka holding was optioned on trend to the northwest of the Chuchin-
the historic resources and showings are in June 2010 by a fellow junior for a com- ka holding. The second block is a few km
particularly attractive in a rising price envi-
International Montoro’s Holdings in the Wicheeda Discovery Area
ronment. But it is the company’s rare earth
elements properties that are commanding
the most attention at the moment.
China currently produces over 95% of
the world’s rare earth supply, and recently
has moved to limit exports to retain supply
for its own manufacturing needs as well as
curtail illegal mining activities. The move
has spurred on exploration for viable sup-
ply of the increasingly important metals
from a source outside of China.
RaRE EaRTh CLaIMS, BC
Montoro secured prospective claims im-
mediately adjoining the new rare earth
Wicheeda discovery early in 2010, soon
after it had been revealed by private Spec-
trum Mining Corp. Montoro’s 2,268 ha
Chuchinka Property is contiguous to Spec-
trum’s ground and on-strike with the Main
Discovery Zone.
Spectrum’s 2009 drilling at the
Wicheeda carbonatite-syenite breccia
intrusive complex northeast of Prince
George, B.C. intersected a 48.64 metre in-
terval of 3.55% rare earth elements, a 72.0
“Montoro secured prospective claims immediately adjoining the new rare earth
Wicheeda discovery early in 2010, soon after it had been revealed by private Spectrum
Mining Corp. Montoro’s 2,268 ha Chuchinka Property is contiguous to Spectrum’s
ground and on-strike with the Main Discovery Zone. ”
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2. “The new interpretation
of the Pecors anomaly
concludes that these
lithologies may host contact
style nickel-copper-PGE
mineralization similar to
that found to the west
at Sudbury.”
VTEM Total Field Magnetics,
Serpent River Property, Ontario
The adjoining 11,109 ha orbit prop-
further to the northwest, and it holds an also indicates that there is potential for a erty further covers the main Cracking-
open pit limestone quarry and appears to high-grade unconformity-hosted uranium stone Fault and some northeast trending
have the same REE-prospective lithology deposit at depth. extensions. Twelve uranium showings have
as the Wicheeda and Chuchinka proper- Significant rare earth values, particu- been documented historically on the Or-
ties. an airborne geophysical survey will be larly yttrium, lanthanum, cerium, praseo- bit claims, including two that had inclined
conducted in the spring of 2011 in advance dymium and neodymium, accompany the shafts developed to a depth of some 50 feet
of a summer exploration program. uranium mineralization. Just west of the along with some drifting along the veins.
Preliminary testing of the Wicheeda Serpent River project, Pele Mountain Re- Saskatchewan Geological Society records
mineralization indicates that it will eas- sources is advancing its Eco uranium-REE show the uranium assay values on that
ily produce a marketable concentrate. project. Testing by Pele Mountain to date work ranged from 0.1% to 3.43% U3O8.
That quality is the key requirement, indicates good recoverability of REE’s, Drilling on the Crackingstone property
and the key challenge, for rare-metal and similar results would be anticipated in 2008 showed uranium mineralization
rich mineralization. from the Serpent River mineralization. along the Boom Lake Fault extended over
Serpent River could potentially hold a strike distance of 1.8 km. hole C-14-08
URanIUM, RaRE EaRThS, anD yet another deposit type—in a 2009 sum- returned the highest assay results with
MORE? mary of field work completed by the Ontar- 3.0 m of 0.36% U3O8 (7.19 lbs/ton). hole
The Serpent River holdings in the Elliot io Geological Survey, a strong geophysical C-09-08 had 10.6 m of 0.182% and C-10-
Lake, Ontario camp were acquired for their anomaly on the claims that was previously 08 intersected both 0.4 m assaying 0.256%
known uranium resources and additional thought to be caused by an iron formation, and 2.0 m averaging 0.058%.
potential, but the property has become dou- was reconsidered. The new interpretation
bly interesting because of its potential for of the Pecors anomaly concludes that these DynaMIC COnCLUSIOn
economic rare earths and because it holds a lithologies may host contact style nickel- The demand for both uranium and rare
large magnetic anomaly that could indicate copper-PGE mineralization similar to that earths is expected to grow in the years to
nickel-copper mineralization. found to the west at Sudbury. Further anal- come. nuclear power will gain importance
Rio algom and Denison Mines pro- ysis of the geophysical data will help devel- as countries around the world move to di-
duced more than 300 million pounds of op drill targets for an anticipated summer minish their reliance on carbon-based fu-
U3O8 from the Elliot Lake camp between work program. els. Meanwhile, rare earths are increasing-
1956 and 1996. Rio algom’s exploration There is renewed interest in the El- ly important in high-tech equipment and
work in the 1970s at Montoro’s Serpent liot Lake camp as surging uranium and specialty steels and there are few viable
River property focused on the Pecors and rare earth prices make its large low grade sources lying outside China. It is exciting to
Whiskey Channels and their quartz-pebble reserves very attractive. anticipate new see the Rocky Mountain Rare Metals Belt
conglomerate beds—the host formation deals and partnerships to take place in emerge as a potential economic source of
for the known uranium mineralization in the future. rare metals and Montoro holds key ground
the camp. Based on limited drilling, Rio in the camp.
algom developed a historic resource (pre- URanIUM CITy CaMP,
dating nI 43-101 standards) for the Pecors SaSkaTChEWan
Shares Outstanding: 54.2 million
East deposit of 20 million tons grading Over 70 million pounds of U3O8 were 6 Month Trading Range: $0.18 to $0.03
0.037% U3O8, or 14.8 million pounds U3O8. produced from the Uranium City Mining
Montoro’s own drilling at Serpent District between 1953 and 1982. Uranium FOR FURThER InFORMaTIOn
River found uranium values in the miner- occurrences were discovered on Montoro’s
alized quartz pebble conglomerate consis- 982 ha Crackingstone property in the early
tent with the historic results, but they also 1950s and historical data (not nI 43-101
intersected mineralized aplite dykes and compliant) reported assays of up to 12.57%
sills below the conglomerate beds, as well U3O8. Onsite property reviews have con- T: 604-683-6648
as highly altered mineralized breccia at or firmed the previously discovered showings, Fax: 604-683-1350
near the unconformity between the arche- as well as the presence of uranium miner-
E: montoro@telus.net
an basement rocks and overlying Protero- alization within fractures enclosed by three
zoic sediments. analysis of the drill data northeast striking shear zones. www.montororesources.com
DISCLaIMER: This interview or report is for information purposes only and Dynamic Stock Market analysis has gathered this information from sources believed to be
accurate, but does not guarantee the accuracy or completeness. any opinion or any forward-looking statement expressed herein shall not be considered a recommendation
to purchase or sell the specific security. The company referred to may or may not be charged a consulting fee or a production fee. From time to time Dynamics principals
may or may not take an equity position in the said company. The information disclosed has not been approved or disapproved by any security regulatory authority. all
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DYNAMIC STOCK MARKET ANALYSIS UPDATED FEBRUARY 2011 www.smartstox.com 2