|By Marketwired .||
|February 20, 2014 09:00 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/20/14 -- International Montoro Resources Inc. ("Montoro") (TSX VENTURE: IMT)(PINKSHEETS: IMTFF)(FRANKFURT: O4T) - The Serpent River Property, Elliot Lake, Ontario claims consist of 10 mining claims (115 units) covering approximately 1,840 hectares located in Gaiashk & Joubin Townships. Recent renewed interest has been shown in the 3 upper northwest claims known as the Pecors Anomaly. Click following for maps/regional geophysical overview http://ow.ly/tNTbz.
Montoro congratulates Kelly Strong, V.P. of Ontario and UK Operations -Vale, in the recent startup of the Totten Mine (Totten lies 40 km to the west of Sudbury and approx. 50 km from Pecors). This is Vale's sixth operating mine in the Sudbury Basin. A polymetallic orebody with good nickel and copper grades as well as precious metals. Click following for the complete story: http://ow.ly/tLq2T. (See page 1 & 19-34 re the Totten Mine and page 15 re the KGHM Victoria Mine Projects)
The Uranium and Rare Earths discovered in the southwest portion at Serpent River may prove to be a sideshow to another deposit type. In a 2009 summary of the Ontario Geological Survey field work, a strong geophysical anomaly on the claims that was previously thought to be caused by an iron formation was reexamined. The new interpretation on the Pecors anomaly concludes it may be the result of contact style nickel-copper-PGE mineralization similar to that found to the east at Sudbury. Sediment sampling from Pecors Lake has shown high levels of nickel and chromium, lending further weight to this analysis. The total field magnetic anomaly strikes northwesterly and is about 15 km long and about 4 km wide.
Exploration & Development of the Pecors Anomaly:
-- Int. Montoro, Pele Mtn. & Verbina Resources completed a combined VTEM survey in January 2008. An operational report for this survey was written by the contractor Geotech Ltd. in February 2008, Project 7112. -- 2009 Ontario Geological Survey field work completed- Open File Report 6240; Project Unit 09-004. Compilation Mapping, Pecors-Whiskey Lake Area, Southern and Superior Provinces -- February 23, 2010 brief prepared by G. Campbell, MSc. - 'The Pecors Magnetic Anomaly located under Huronian Cover - A Possible Cu-Ni-PGE Target at the Archean-Proterozoic Boundary, Elliot Lake Area -- May 5, 2010; Int. Montoro commissioned a report on the southern claims group of the Serpent River Property from L.E. Reed Geophysical Consultant Inc. -- May 20, 2011; Int. Montoro initiates a search for and locates 4 historic boreholes PW #116, 117, 121 & 122 drilled by Rio Algom in 1959 on the eastern side of Pecors Lake. Holes PW 121 & 122 drilled along the south and southwestern edge of the Pecors Anomaly, penetrated the Huronian sediments and encountered underlying basement rocks at depths of 2002 feet (610 meters) and 1477 feet (450 meters) respectively. Information from the drill holes provides some corroboration of the depths from the 3D model as reported in the July 6, 2011 report following. -- July 6, 2011; Int. Montoro commissions a report 'Response of the Pecors Magnetic Anomaly' from L.E. Reed ("Reed") Geophysical Consultant Inc. Reed ran the anomaly through a 3 dimensional inversion program (UBC, Mag3D) to develop an understanding of the three-dimensional shape and distribution of the source body for this anomaly. Measurements through a section in the center of the anomaly show a depth of 300 to 400 meters to the top and as much as 1700 meters from surface to the bottom of the magnetic source body. It appears as a broad sill, possibly an intrusion. The maximum dimensions of the entire inversion block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from surface. Select portions of the Reed Interpretation report are posted on the updated Serpent River project page on the Company website at www.MontoroResources.com -- February 2014; Int. Montoro is actively engaging stakeholders in the Sault St. Marie & Sudbury Mining Districts to proactively move forward the exploration of the Pecors Magnetic Anomaly.
Neighboring explorer, Pele Mountain Resources (TSX VENTURE: GEM) , has provided the results of an updated economic review of its Eco Ridge Mine rare earth and uranium project in Elliot Lake, Ontario. In its news release dated September 12, 2013, Pele Mountain reports the economic review concludes that the recent increase in mineral resources extends mine life and improves project economics. While this improvement is offset by a reduction in rare earth price forecasts, the net result demonstrates that Eco Ridge economics remain positive.
Int. Montoro is also seeking interested parties in continuing the development of the Serpent River southern portion of its rare earth and uranium property adjoining Pele Mountain's claims east of Eco Ridge.
The Company has granted incentive stock options to its directors and consultants to purchase up to 3.45 million common shares of the Company, exercisable at a price of $0.05 per share for three years. The stock options will be granted in accordance with the Company's SOP and will have the required four (4) month hold period pursuant to the policies of the TSX Venture Exchange.
About International Montoro Resources Inc.
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.
Montoro has also acquired a 100% interest in 23 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 18,743 acres (7,585 ha) in the new Tacheeda Lake camp; and 3,330 acres (1,348 ha) Carbo area. Montoro also holds a 100% interest in 5,604 acres (2,268 ha, 5 claims - the Chuchinka property) contiguous to and adjoining the Wicheeda, a previously reported Rare Earth discovery, northeast of Prince George, B.C.
In addition the Company will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone - 2,.427 acres (982 ha) and Orbit -27,450 acres (11,109 ha) Uranium properties in the Uranium City District - Northern Saskatchewan.
For further information contact the Company at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, President, CEO/Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.
International Montoro Resources Inc.
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 27, 2015 06:00 PM EST Reads: 412
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Nov. 27, 2015 04:00 PM EST Reads: 172
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
Nov. 27, 2015 02:00 PM EST Reads: 410
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
Nov. 27, 2015 01:00 PM EST Reads: 171
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 27, 2015 01:00 PM EST Reads: 153
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 27, 2015 12:00 PM EST Reads: 464
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
Nov. 27, 2015 12:00 PM EST Reads: 542
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Nov. 27, 2015 11:45 AM EST Reads: 537
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 27, 2015 11:00 AM EST Reads: 313
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Nov. 27, 2015 10:45 AM EST Reads: 383
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Nov. 27, 2015 10:45 AM EST Reads: 397
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Nov. 27, 2015 10:00 AM EST Reads: 306
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 27, 2015 10:00 AM EST Reads: 491
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Nov. 27, 2015 09:45 AM EST Reads: 220
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 27, 2015 09:15 AM EST Reads: 291