VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - International Montoro Resources Inc. ("IMT") (TSX VENTURE:IMT)(FRANKFURT:O4T) today announced, further to its news release of November 12, 2007, additional assay results from the first phase of its diamond drilling program (2,755 metres) on the Serpent River property which were recommended in the NI 43-101 compliant Technical Report (the "Report") by Scott Wilson, Roscoe Postle Associates Inc. ("Scott Wilson RPA") dated March 20, 2007.
Phase One drilling encountered enhanced levels of radioactivity (detected by scintillometer) in three different environments;
1) Pyritic quartz pebble conglomerate (QPC) beds;
2) Aplite dikes and sills; and
3) Mineralized, highly altered heterolithic breccia at or near the unconformity.
Type 1 - QPC
The average assays from 5 holes (P-07-03, -04, -05, -07, & -010) that intersected mineralized quartz pebble conglomerate (QPC) is 0.030% U (0.035% U308) over an average width of 1.17 metres. Calculations from the following:
Hole Number From (m) To (m) Interval ppm-U U308 P-07-03 119.48 121.01 1.53 metres 317 0.037% P-07-04 149.85 152.10 2.25 metres 245 0.029% P-07-05 139.35 139.95 0.60 metres 312 0.036% P-07-05 141.47 142.00 0.53 metres 791 0.092% P-07-05 142.50 142.95 0.45 metres 287 0.034% P-07-07 122.50 123.50 1.00 metres 192 0.022% P-07-07 124.00 125.00 1.00 metres 217 0.025% P-07-07 125.50 126.90 1.40 metres 345 0.040% P-07-10 47.00 48.70 1.70 metres 149 0.017%
A more detailed chart of these 5 holes will be prepared and posted on the website for review later. Gary Musil, President and CEO, stated, "The Company is encouraged that the results obtained thus far are in substantial agreement with the average grade for a historical resource calculated by Rio Algom and that additional work may confirm their estimate." Rio Algom estimated the Pecors East Zone contained an indicated resource of 20 million tons grading 0.037% (0.74 lbs/t) U308 or 14.8 million lbs U308. However, this estimate predates, and therefore does not conform to, the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. IMT is not treating the historical estimates as a current mineral reserve or resource.
Type 2 - Aplite
Aplite dikes and sills were often intersected near the unconformity. Some were mineralized with disseminated pyrite with exhibited enhanced levels of radioactivity. Previously reported:
Hole Number From To Interval U308 ppm U P-07-10 39.60m 42.08m 2.48 metres -0.04% 329 Incl. P-07-10 41.80m 42.08m 0.28 metres -0.17% 1420
Type 3 - Breccia
Some of the holes intersected a highly altered (chlorite, biotite, sericite) and mineralized, unsorted, heterolithic breccia at or near the unconformity between the Huronian sediments and the older Archean basement. These rocks contained 1% to 75% disseminated pyrite, pyrrhotite and chalcopyrite. Compilation of the results of P-0701, -02, -06 and -09 is forthcoming.
The Serpent River property is located about 13 km 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, once known as "the Uranium Capital of the World", has produced more than 270 million pounds of U308 from stratigraphically-bound deposits that demonstrate remarkable consistency over extensive areas.
The Company's exploration work on the Serpent property is being supervised by D. Hawke, M.Sc., P.Geo., consulting geologist and a Qualified Person as defined in NI 43-101. Drill core is being transported from the drill sites by company personnel to a secure offsite storage area for logging and splitting. Split drill core samples are being transported by commercial carrier to Activation Laboratories in Ancaster, Ontario. Activation Laboratories is accredited to the ISO 17025 standard and CAN-P-1579 standards. Assay results will be reported as soon as they are received and compiled by the Company.
About International Montoro Resources Inc.
International Montoro Resources is focused on the advancement of its 100% optioned Elliot Lake uranium project in northern Ontario and Cup Lake/Donen uranium project in south-central British Columbia. In addition, the Company with Belmont Resources Inc. (50/50) 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). Through project generation and additional discoveries, Montoro will provide shareholders with exposure and leverage to the rising global demand for uranium.
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, President CFO/Director
For further information visit the Company's website at www.montororesources.com and watch the Smartstox interview with President Gary Musil.
The statements used in this News 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
International Montoro Resources Inc.
(604) 683-1350 (FAX)
CHF Investor Relations
Associate Account Manager
(416) 868-1079, ext. 229
CHF Investor Relations
(416) 868-1079, ext. 231