MONTORO REVIEWS POSSIBLE ACQUISITION OF GOLD AND RARE EARTH PROPERTIES - #TRUMP'S DOE REE STUDY
July 6, 2017 - International Montoro Resources Inc. (TSX.V: IMT), (the "Company") reports it is reviewing the possible acquisition of two separate projects; a gold project in Timmins, Ontario and a package of rare earth properties in Quebec and Newfoundland.
Trump’s Energy Dept. Seeks to Mine Elements Monopolized by China
Fox news recently announced that, “Trump’s Energy Department is seeking alternate sources of rare earths other than China. The Energy Department announced a pilot program, investing nearly $7 million into researching ways to mine and produce these elements in the United States”.
Rare earth elements are a series of seemingly obscure elements on the Periodic Table that are crucial for production of electronics, military equipment and some medications. The elements – which include Yttrium, Scandium, Neodymium and Cerium – can be extracted in a variety of ways. 100% of America’s supply of these elements comes from China. China supplies 85% of the world’s overall production.
Gary Musil, CEO/President comments; “Montoro will also be reviewing previous results of drilling in the southwestern portion of its 100% -owned Serpent River –Elliot Lake, Ontario property which located Uranium/REE mineralization. The Company is also looking into financing a helicopter-borne ZTEM geophysical survey over its prospective contact style, magmatic nickel, and copper -Pecors anomaly. ZTEM has been successfully applied as a follow-up to VTEM over Magmatic Massive Sulphide (MMS) Ni-Cu deposits to determine their potential extensions to depth”.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has also located Uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium. The property comprises 10 mineral claims (115 units), approx. 1,840 ha.
In addition the Company owns with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.
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