International Montoro Resources Inc.

International Montoro Resources Inc.

March 25, 2008 15:48 ET

Montoro Identifies High Priority Drill Targets as a Result of Petrographic Analysis of Drill Core and a VTEM Survey at Elliot Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) -

Petrographic Analysis

International Montoro Resources Inc. (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) "Montoro" or the "Company") previously reported that while drill testing the uraniferous conglomerates we encountered a mineralized (pyrite, pyrrhotite, chalcopyrite) and hydrothermally altered, heterolithic breccia unit at the unconformity between the Younger Huronian sediments and the older Archean greenstone basement. The breccia appears to be associated with a fault zone identified by Ontario government geologic personnel in 1958.

Selected samples from this unit were subjected to petrographic analysis which revealed that the rock contained maximum modal percentages of 85% chlorite, 70% sericite and 5% biotite. This highly altered rock was chemically analyzed for a group of 49 elements and it was found to be geochemically anomalous in Nickel (Ni), Cobalt (Co), Chromium (Cr), Lead (Pb), Copper (Cu), Zinc (Zn), Barium (Ba), Manganese (Mn), Vanadium (V), Bismuth (Bi), Lithum (Li), Sodium (Na), Potassium (K), Magnesium (Mg), Thorium (Th), and Uranium (U).

The U/Th ratios in the breccia were higher in drill holes that were closer to the fault than in those that were further away. This suggests that the fault could be the locus for hydrothermal uranium mineralization.

None of the previous Rio Algom historical drill holes on the property penetrated the fault zone.

Airborne VTEM Survey Results

Montoro recently completed an airborne VTEM magnetic and electromagnetic survey over the Serpent property in an attempt to identify structures that could act as a host for hydrothermal uranium mineralization. The survey identified several high priority EM conductors that could be caused by sulphide facies iron formation or graphitic horizons both of which are known to exist in the underlying greenstone belt. These horizons have the potential to act as reductants causing uranium to precipitate from circulating hydrothermal fluids. Similar airborne survey results were reported by Pele Mountain Resources Inc. (TSX.V: GEM) (see news release dated February 13, 2008).

A map displaying results of the airborne electromagnetic and magnetic surveys at Elliot Lake can be viewed at

As a result of the Phase One drilling program, the petrographic analysis, and the airborne survey, Mr. D. Hawke, M.Sc., P.Geo., consulting geologist has recommended an additional 30 holes (approx. 6000 metres) to be drilled.

This press release has been reviewed and approved by D. Hawke, P.Geo., an independent Qualified Person under NI 43-101.

The Serpent River property is located about 13 kilometres east of the town of Elliot Lake on the south limb of the Quirke syncline and covers approximately 4,000 m of the contact between the Matinenda Formation and the underlying basement rocks. The Elliot Lake mining camp was once known as "the Uranium Capital of the World" and has produced more than 270 million pounds of U308 from stratigraphically-bound deposits that demonstrate remarkable consistency over extensive areas.


Montoro has granted 600,000 incentive stock options under its Stock Option Plan for a period of two years at a price of $0.20 per share, subject to regulatory approval.

About International Montoro Resources Inc.

International Montoro Resources is focused on the advancement of its 100-percent optioned Elliot Lake uranium project in northern Ontario and Cup Lake/Donen uranium project in south-central British Columbia. In addition the Company (50/50) with Belmont Resources Inc. has acquired significant uranium properties located in the Central Mineral Belt Uranium District in Labrador (recently optioned to Crosshair Exploration (TSX VENTURE:CXX) and two claim blocks (Crackingstone-982 ha & Orbit Lake-11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit -11,109 ha block to Ultra Uranium (TSX VENTURE:ULU). Through project generation and additional discoveries, Montoro will provide shareholders with exposure and leverage to the rising global demand for uranium.


Gary Musil, President, CFO/Director

For further information visit the Company's website at and watch the Smartstox interview with President Gary Musil.

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 Company's forward-looking statements and expectations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • International Montoro Resources Inc.
    Gary Musil
    (604) 683-6648
    (604) 683-1350 (FAX)
    CHF Investor Relations
    Michael Borovec
    Associate Account Manager
    (416) 868-1079 ext. 229
    CHF Investor Relations
    Cathy Hume
    (416) 868-1079 ext. 231
    Keith Bullen
    (416) 350-2794