Saturday 31st October 2020

Resource Clips



Update: International Montoro Resources to start fieldwork and drill permitting for Ontario gold acquisition

by Greg Klein | September 22, 2020

With a crew now en route, mapping and sampling will take place on the Blackfly vein of a southwestern Ontario property acquired earlier this month. At the same time, International Montoro Resources TSXV:IMT has permitting underway to cut a geophysical survey grid, as well as conduct trenching and drilling.

The Blackfly property’s Blackfly Main area comes with historic, non-43-101 assays including an intercept of 15 g/t gold over 1.07 metres, and a grab sample of 167 g/t gold.

Additional historic, non-43-101 results from the Blackfly Northwest trend show intervals of 0.94 g/t gold over 8.26 metres in one hole and 10.96 g/t over two metres in another. A previous operator’s program in 2010 and 2011 identified an area of 420 metres in strike and at least 50 metres in width, open along strike in both directions and at depth.

 

International Montoro Resources options gold prospect in Ontario’s historic Atikokan camp

by Greg Klein | September 10, 2020

Another portfolio addition reflects the revival of interest in this southwestern Ontario region. By optioning the 1,296-hectare Blackfly gold property, International Montoro Resources TSXV:IMT joins the Hammond Reef activity that includes an intermediate miner as well as junior explorers.

International Montoro Resources options gold prospect in Ontario’s historic Atikokan camp

The Atikokan region was also home to the
historic Caland and Steep Rock iron mines.
(Photo: VisitAtikokan.com)

An 1897 find makes Blackfly one of the earliest discoveries in the Atikokan gold mining camp. Exploration on the property continued intermittently up to 2012, when historical reports and data were compiled.

International Montoro attributes much of the camp’s current interest to efforts by Agnico Eagle Mines TSX:AEM to acquire additional property proximal to its Hammond Reef gold deposit, which has received federal and provincial environmental approval. Blackfly sits about 13.6 kilometres southwest along strike from Hammond Reef, within the Marmion Lake Fault Zone.

A 100% interest would cost International Montoro a series of payments totalling $65,000, 500,000 shares, 500,000 warrants valid for two years at $0.12 and, within four years, $153,600 in spending.

In Ontario’s Red Lake camp last July, International Montoro and Falcon Gold TSXV:FG expanded their Camping Lake gold project by 1,200 hectares, for a total of 3,400 hectares. International Montoro’s portfolio also includes the Wicheeda North rare earths property in east-central British Columbia, the Serpent River massive sulphide polymetallic prospect in Ontario’s Elliot Lake camp and the Duhamel polymetallic property in Quebec’s Saguenay-Lac-Saint-Jean region.

Read more about International Montoro Resources.

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