VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 19, 2007) - International Montoro Resources Inc. ("IMT") (TSX VENTURE:IMT)(FRANKFURT:O4T)is pleased to announce that it has received and will file on SEDAR a NI 43-101 Technical Report (the "Report") dated May 31, 2007, by Dr. Peter A. Christopher, PhD., P.Eng., on its Cup Lake/Donen ("Cup Lake") uranium properties, located in the Greenwood Mining Division in south-central British Columbia.
The Cup Lake uranium deposit is covered by 11 claims totalling 1026.2 ha and starts about 2.5 km SSW of the Blizzard Uranium deposit. Cup Lake is about 52 km southeast of Kelowna and 21 km northeast of Beaverdell, British Columbia. The Cup Lake/Donen, and nearby Blizzard, Fuki, Haynes Lake, and Hydraulic Lake uranium deposits have been classified as a basal type deposit (Christopher and Ballantyne, 1976) and as a channel conglomerate type (McMillan, 1978). The term 'basal type' uranium deposit is applied to these deposits because they often occur in a basal sequence of gravel and sands overlying a major unconformity and are below or at the base of a trapping impermeable layer.
The Cup Lake/Donen Uranium deposits were originally staked for Nissho-Iwai Canada Ltd. in 1971 and explored by Power Reactor and Nuclear Fuel Development Corporation of Japan ("PNC"). As reported in B.C. Government-Minfiles, work prior to 1980 consisted of a total of 5,486 meters of diamond drilling in 76 holes, logging, geological mapping and testing. Drill holes were used by PNC to estimate a historic resource reported (Assessment Report #8105) as 2.25 million tonnes grading 0.0373% U3O8.
The historical resource estimate cited above predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon. Neither IMT nor Dr. Christopher have done sufficient exploration work to verify or classify the historic estimate as a current mineral resource and the historic estimate is not being treated as a current mineral reserve or resource. IMT believes that the historical estimate provides a favourable indication of the potential of the Cup Lake uranium deposit, and intends to embark on an extensive due diligence exploration program.
Dr. Christopher recommends a success contingent staged evaluation program for further testing uranium mineralization. A $250,000 Phase 1 program should consist of:
- Acquisition and digitizing of previous drill data for calculation of current resources to meet standards required by NI 43-101 (already in progress).
- Establish base-line environmental data necessary for future development.
- Evaluate the Cup Lake for additional drill targets with uranium potential.
- Establish a QA/QC and Environmental Committee to formulate procedures for assurance of accurate data collection procedures and establish property water and sampling handling procedures.
- Approx. 1000 meters of diamond drilling which comprises:
- 150 meters twinning PNC holes Cup 104, 114 and 120;
- 500 meters (up to 10 holes) in-fill drilling around PNC holes Cup 107, 111, 114, 118, 120, 123, 181, BCF-66 and 45;
- 350 meters (up to 7 holes) testing the southerly extension from hole Cup 256.
The Cup Lake/Donen Uranium deposit occurs within a northwest trending paleochannel. The claims adjoin to the northwest the claims hosting the Blizzard Uranium deposit (the "Blizzard"). Boss Power Corp. (TSX.V - BPU) recently announced a $105 million acquisition of the Blizzard from Santoy Resources Ltd.(TSX.V - SAN) and Mr. Anthony Beruschi and his private company, Power Resources Corp. An Engineering Feasibility Study completed by Kilborn Engineering (the "Kilborn Study") on the Blizzard was the result of 21,184 meters of drilling in 478 reverse circulation and diamond drill holes completed in the 1970's. The Kilborn Study generated a historical reserve calculation of 2.2 million tonnes grading 0.214 per cent U3O8, at a cut-off grade of 0.025% U3O8 and including a 15% mining dilution (for an estimated 10.4 million pounds of U3O8) (See Boss Power news release dated June 14, 2007 for further details).
This press release has been reviewed and approved for technical disclosure by Dr. Peter A. Christopher, PhD., P.Eng. of Vancouver, B.C., an independent qualified person under NI 43-101.
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 in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit Lake-11,109 ha block to Ultra Uranium (TSX VENTURE:ULU)). The properties are positioned such that, in addition to successful exploration by Montoro, successful exploration by Montoro's neighbours and joint venture optionors, will likely raise Montoro's value by association. The uranium market continues to experience a strong upward price trend due to uncertain supply and increasing global demand. Through project generation and additional discoveries, Montoro will provide shareholders with exposure and leverage to this increasing global demand for uranium.
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, President, CFO/Director
For further information visit the Company website at www.montororesources.com or phone (416) 350-2794. 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 Companies forward-looking statements and expectations.
FOR FURTHER INFORMATION PLEASE CONTACT:
International Montoro Resources Inc.
(604) 683-1350 (FAX)