http://bullmarketrun.com/?p=27265
International Montoro Resources Inc. (IMT, TSX-V) Update
Technically and fundamentally, International Montoro Resources (IMT, TSX-V) is looking exceptionally strong heading into April…drilling is expected to commence imminently (within a few days) at the Company’s Serpent River Project in northern Ontario, immediately west of Sudbury, where the massive Pecors anomaly represents a high-value Ni-Cu-PGE target and the potential for an important new discovery…the source of the anomaly apparently resides in the older underlying Archean basement rocks…the Ontario Geological Survey has conducted some significant studies regarding Pecors and their conclusions support the findings of IMT’s technical team…
One thing is for certain – this first deep hole is going to generate some buzz…
Technically, the IMT chart shows an acceleration of a bullish trend with the growing possibility of a major breakout above a 6-month horizontal channel, similar to the pre-breakout patterns John correctly identified recently in both NioCorp Developments (NB, TSX) and North Arrow Minerals (NAR, TSX-V)…as always, perform your own due diligence…