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International Montoro Receives Exploration Permit for Serpent River-Pecors

Nov 19, 2014

International Montoro announced it has obtained an exploration permit for its Serpent River - Pecors Anomaly Project. The permit is effective for a period of three years.

Montoro is focused on advancing its 100% owned Serpent River - Elliot Lake, Northern Ontario, Uranium/REE project & Pecors magnetic anomaly - potential Ni-Cu-PGE. The property comprises 10 mineral claims (115 units) approx. 1,840 ha.

Previous geophysical reports commissioned by Montoro to review the VTEM survey conducted over the Serpent River property and in particular the Pecors Anomaly, have indicated that there is one electromagnetic response that could reflect a deep-seated conductor. In addition, the magnetic anomaly was further imaged (3D) so one better appreciates the shape and extent of the source body so that other potential sites of Cu-Ni-PGE, Co & Cr mineralization can be interpreted and proposed for drilling http://ow.ly/Ev9au. Data interpreted from the airborne geophysical survey suggests that the anomaly is an estimated 7 km long, 3 km wide, and 2 km deep http://ow.ly/Ev72S.

Drilling is anticipated as soon as possible. Helicopter drill site preparations will begin as soon as a suitable drilling contractor is secured. For a further project overview see http://ow.ly/EvbqF.