1) International Montoro Resources Inc. has acquired a 100% interest in the Duhamel nickel, copper, and cobalt prospect in Quebec, Canada from private vendors.
2) Previous exploration at Duhamel included drilling that intersected nickel, copper, and cobalt mineralization. International Montoro plans to conduct further exploration to confirm the historical results.
3) In consideration for the property, International Montoro will make cash payments totaling $110,000 and issue 1,000,000 shares to the vendors over three years, and fund $150,000 in exploration expenditures over three years.
Montoro Resources Inc. announces a private placement financing to raise up to $200,000 through the sale of units priced at $0.05 per unit and up to $70,000 through the sale of flow-through units priced at $0.07 per unit. Proceeds will be used for continued exploration on the Serpent River property, including a planned helicopter-borne geophysical survey, and general working capital. Montoro is focused on advancing its 100%-owned Serpent River property in Northern Ontario, which hosts a potential nickel-copper-PGE discovery.
Belmont Resources Inc. is applying for a waiver from the TSX Venture Exchange to complete a private placement of up to $300,000 through the issuance of 10 million units at $0.03 per unit. Each unit consists of one common share and one warrant, with each warrant allowing the purchase of an additional share for $0.05 within one year. Proceeds will fund exploration of the company's lithium property in Nevada, including geophysical surveys, and repayment of debts and costs. Belmont Resources explores for minerals in Canada and Nevada.
Montoro Resources Inc. has secured drilling and support contractors for its planned 2,000 metre drill program on its Pecors anomaly property near Elliot Lake, Ontario. Orbit Garant Drilling Services will provide the drill rig and Heli Explore will handle transportation logistics. Funds from Montoro's private placement will allow the exploration and drilling program to begin in the first quarter. The private placement consists of up to 8 million units at $0.07 per unit, with each unit consisting of one common share and one two-year warrant.
Belmont Resources Inc. has received a drilling permit from the Bureau of Land Management to drill up to nine holes on its Kibby Basin lithium project in Nevada. The drilling will test for lithium deposits and is designed to demonstrate the existence of lithium. Belmont is also arranging a private placement to raise $300,000 for exploration at Kibby Basin and general working capital. The funds will allow the company to explore the project further and secure a drilling contractor to begin drilling. Belmont's Kibby Basin project is located near an operating lithium mine and Tesla's Gigafactory, making it a highly prospective target for lithium exploration.
The document summarizes the Sleeping Giant Gas Project in North Dakota. It describes the large gas potential from shallow reservoirs, analogous to fields in Colorado that have produced over 1 Tcf of gas. The primary exploration target is the Niobrara Formation at 1300 feet depth, which has excellent porosity and is the source rock. If successful, over 100 Bcf could ultimately be recovered from the 2500 sq km structure, providing opportunities to drill over 100 wells.
This document provides cautionary notes regarding forward-looking statements and technical information in the corporate presentation, as well as notes on the company seeking creditor protection under CCAA. It warns that many statements in the presentation regarding plans and expectations are forward-looking and subject to risks and uncertainties that could cause actual results to differ. It also notes that technical information is based on previous reports and should refer to those documents for full details. Finally, it summarizes that the company sought CCAA protection due to commodity prices, equity markets, and operational challenges, and outlines the initial stay of proceedings and subsequent approval of a restructuring plan.
Zimtu Capital Corp. (TSXv: ZC) announces that the company has signed an option agreement with Pistol Bay Mining Inc. whereby Pistol Bay can acquire a 100%-interest in 40 claims (1,000 hectares) in Newfoundland and Labrador, Canada.
The ZTEM helicopter survey over Montoro Resources' Serpent River-Pecors Ni-Cu-PGE property in Elliot Lake, Ontario returned preliminary positive results. The survey identified a deep, east and north dipping conductive layer at around 750 meters depth that coincides with magnetic features and remains open to the north. These results are similar to deposits in the nearby Massey, Ontario area and will help target the next phase of diamond drilling. The recent investments in nickel mining projects in Sudbury indicate a renewed confidence in the nickel market that is positive for Montoro advancing its Pecors Ni-Cu-PGE project.
The document discusses forward-looking statements regarding the technical and economic viability of the Lost Creek uranium project. It notes that all forward-looking statements are subject to significant risks and uncertainties that could cause actual results to differ materially. The document also cautions readers that any projections regarding an extended future period are inherently uncertain and subject to many risk factors.
The document summarizes a preliminary economic assessment for Highbank Resources Ltd.'s Swamp Point North Aggregate Project in British Columbia. Key highlights include an after-tax net present value of C$24.3 million and forecast revenue of C$98.9 million over the life of the project. The assessment found potential for economic development and production of the project, subject to future marketing initiatives. It recommends Highbank continue advancing the project toward production by concluding initial sales agreements in parallel with ongoing site works.
The corporate presentation is for Falco Resources Ltd and their Horne 5 project in Quebec, Canada. Key points:
- Horne 5 is one of the largest undeveloped gold projects in the world, with proven and probable reserves of 6.13 million ounces of gold equivalent.
- A feasibility study was completed which confirmed the project can support an economically viable, low-grade, high tonnage underground gold mine.
- Construction is targeted to start in 2019 with first gold production expected in late 2021. The mine is estimated to have an initial life of over 15 years.
- All-in sustaining costs are estimated to be low at US$399 per ounce of gold on average annual production
The corporate presentation is for Falco Resources Ltd and their Horne 5 project in Quebec, Canada. Key points include:
- Horne 5 is one of the largest undeveloped gold projects in the world, with proven and probable reserves of 6.13 million ounces of gold equivalent.
- A feasibility study was completed confirming the project can support an economically viable, low-grade, high tonnage underground gold mine.
- Construction is targeted to start in 2019 with first gold production expected in late 2021. The mine is planned for over 15 years of production.
- All-in sustaining costs are estimated to be low at US$399 per ounce of gold on average annual production of 219,
QIS Capital Company Profile - Fairmont Resources Inc.Michael Dehn
Highlights:
near-term production planned from two different industrial minerals projects
recent assays confirm viability that quartzite is suitable for ferro-silicon production
properties being visited by end users with goal of establishing sales channels
only 22.7 million shares o/s and market capitalization of only $600K
This investor presentation by SilverWillow Energy Corporation provides an overview of the company and its oil sands assets in Alberta, Canada. SilverWillow focuses on exploring and developing in situ resources, with 100% ownership of over 174,000 acres including the Audet lands estimated to contain 1.69 billion barrels of discovered bitumen resources. The presentation addresses key issues facing small developers in the oil sands like market uncertainty and long regulatory timelines, and outlines SilverWillow's strategy to manage its world class resource through high standards, stakeholder engagement, communication, and flexibility.
Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”) is pleased to announce that the Company and two of its prospecting partners have signed a property purchase agreement with 92 Resources Corp. (TSXv: NTY) (“92 Resources”) whereby 92 Resources can acquire a 100%-interest in the Hidden Lake Lithium Property.
The document provides an overview of Falco Resources Ltd. and its exploration projects in the Rouyn-Noranda mining district of Quebec, Canada. It summarizes Falco's key asset, the past-producing Horne copper-gold mine, which had an initial inferred resource estimate of 2.8 million ounces of gold equivalent at 3.4 g/t gold. It outlines Falco's plans for a 16,000m confirmatory drilling program at Horne to upgrade resources and expand mineralization. The document also briefly discusses Falco's regional exploration focus on VMS deposits and its initial drilling at the Lac Hervé property northeast of Rouyn-Noranda.
The document provides an overview of Falco Resources Ltd. and its exploration projects in the Rouyn-Noranda mining district of Quebec, Canada. It summarizes Falco's key asset, the past-producing Horne copper-gold mine, which hosts an initial inferred resource estimate of 2.8 million ounces of gold equivalent. It also outlines Falco's plans for a 16,000-meter confirmation drilling program at Horne aimed at upgrading resources and expanding the deposit. Additionally, the document discusses Falco's regional exploration strategy and priority target at its Lac Hervé VMS property northeast of Rouyn-Noranda.
Similar to IMT-TSXV Jan. 25.18 Montoro acquires Duhamel -COBAT-COPPER NICKEL- prospect - Quebec (20)
1) Montoro Resources has applied for an exploration permit to continue drilling its 1,840-hectare Pecors nickel-copper-PGE project near Elliot Lake, Ontario. Past exploration has outlined a significant 5.7km by 4.2km anomaly that could potentially host a massive sulphide deposit.
2) Montoro has entered into a $2 million financing facility with Alumina Partners over 24 months, allowing it to raise up to $250,000 per tranche for working capital and project advancement.
3) Proceeds will be used to advance Pecors and projects in Ontario and Newfoundland, with a focus on Pecors given rising nickel prices and its potential as a new
1) The Pecors Anomaly in Elliot Lake, Ontario is a large magnetic and conductive anomaly that shows similarities to magmatic sulfide deposits that are major producers of nickel, copper, platinum and palladium.
2) Drilling and geophysical surveys at Pecors have intersected sulfide mineralization and indicated a 3km long conductive body within the anomaly.
3) Assays from drilling in 2015 at Pecors returned values of nickel, copper, palladium and platinum, confirming the potential for magmatic sulfide mineralization at the site.
A BH UTEM 4 survey was conducted over 1000 m of borehole P-15-22 near Elliot Lake, Ontario in April 2015 to locate conductors for International Montoro Resources. Fieldwork involved laying a 1200x1200 m transmitter loop and surveying the borehole to collect axial and transverse electromagnetic field components. Appendices provide the production log, profile plots showing anomalies, vector plots of anomalies, and details on the BH UTEM 4 system and data reduction.
Montoro Resources Inc. has expanded its survey data and 3D modeling of its Pecors nickel-copper-PGE project in Elliot Lake, Ontario. Further analysis of geophysical survey data indicates the Pecors anomaly is now estimated to be 5.7 km by 4.2 km by 2.2 km in size, double previous dimensions. Two high probability massive sulphide targets have been identified. Previous drilling intersected sulphide mineralization including pyrrhotite, chalcopyrite and pyrite that can be associated with significant nickel-copper deposits. Further exploration will target the conductive anomaly within the project area.
Three hypothetical buried massive sulphide orebodies were modeled with ZTEM to test their detectability at depths of 700m, 1400m, and 2100m. 2D forward and inversion modeling found that a 7.5Mt orebody with a conductivity of 0.1 S/m would produce a detectable ZTEM response above the noise level at all three depths. Larger 15Mt and 30Mt bodies were also expected to be detectable. However, the modeling showed the layered rock cover and individual intrusive bodies would not be resolvable, only the conductive orebodies.
The document summarizes airborne EM and magnetic geophysical survey data and inversion results over an area in Canada. The inversions identified low amplitude magnetic and conductivity anomalies within the survey area. Based on the geophysical data, further soil sampling and prospecting are recommended over the anomalous trends to better understand the geology, and physical property measurements on rock samples are needed to aid interpretation.
National Instrument 43-101 Technical Report
Wicheeda North Rare Earth Element Project British Columbia, Canada
Prepared for: International Montoro Resources Inc. #600 - 625 Howe Street Vancouver, B.C. V6C 2T6
- The document presents the results of a 3D ZTEM inversion performed on ZTEM data collected over the Serpent River Property in Elliot Lake, Ontario.
- One block was used during the inversion with a cell size of 100m x 100m x 20m in the core area. Resistivity sections and depth slices up to 1500m are presented.
- The inversion results show resistivity structures in the subsurface that may be related to mineralization or geological features within the property.
The document provides a report on a helicopter-borne ZTEM and aeromagnetic geophysical survey conducted over the Serpent River - Pecors Ni-Cu Project near Elliot Lake, Ontario, Canada in May-June 2018. The survey acquired 295 line-km of data using a ZTEM system to measure electromagnetic fields and a caesium magnetometer. Preliminary and final data processing was performed, and maps and digital data were delivered including total magnetic intensity, elevation, EM phase rotated grids, and inline and crossline EM profiles.
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NEWS - Belmont reports Drilling to Re-commence in November #Nevada Property; 139 feet 393ppm #lithium
Belmont reports Drilling to Re-commence in November on Kibby Property
Assays Define from Drill Hole (KB-3) completed in August at Kibby Basin, Nevada Lithium Project;
Belmont to Exhibit at Edelmetall & Rohstoffmesse “Gold Show” in Munich, Germany - November 9 & 10th.
NEWS - Belmont reports Drilling to Re-commence in November #Nevada Property; 139 feet 393ppm #lithium
Belmont reports Drilling to Re-commence in November on Kibby Property
Assays Define from Drill Hole (KB-3) completed in August at Kibby Basin, Nevada Lithium Project;
Belmont to Exhibit at Edelmetall & Rohstoffmesse “Gold Show” in Munich, Germany - November 9 & 10th.
The document provides a compilation of historical exploration works carried out on the Duhamel Ni-Cu-Co property in Quebec, Canada. It summarizes the regional geology, which includes large intrusions of mafic-ultramafic rocks within the northern margin of the large Saguenay-Lac-Saint-Jean Anorthosite Suite. The property contains known Cu-Ni-Co mineral occurrences. Exploration works summarized include government surveys, prospecting, geological mapping, geophysical surveys, and drilling campaigns. Tables and figures are provided to illustrate claim boundaries, regional geology, exploration results including geophysical anomalies and drill holes. Recommendations for further exploration are also given.
The document summarizes an update from International Montoro Resources Inc. regarding its Duhamel Ni-Cu-Co and Titanium, Vanadium, Chromium property in Quebec, Canada. Montoro recently acquired additional claims contiguous to its original property, expanding it to approximately 2,300 hectares. Historical data recovered from the property includes a grab sample assaying 0.28% vanadium, 20.8% titanium dioxide, and 0.13% chromium oxide. Montoro plans to conduct further compilation of historical data, geophysics, field exploration including mapping and sampling, and trenching. Demand for battery metals like nickel, cobalt, and vanadium is increasing due to the growing electric vehicle market.
This document provides information on the Duhamel Ni-Cu-Co property in Quebec, Canada. The property covers 23.3 km2 across 41 claims and contains several historic nickel-copper-cobalt and iron-titanium-vanadium occurrences within mafic and ultramafic rocks. Previous exploration included airborne and ground geophysics, prospecting, trenching, drilling and sampling. Highlights of the property include nickel-copper-cobalt mineralization grading up to 1.27% Ni and 0.33% Cu over 3 meters in drilling. The document outlines a work proposal for further exploring and evaluating the property's mineral potential.
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1. #600 -625 Howe Street Website: www.MontoroResources.com
Vancouver, B.C. V6C 2T6 E-Mail: gmusil@montororesources.com
Ph.#604-683-6648; Fax #604-683-1350 TSX.V: IMT
Frankfurt: O4T1
OTC: IMTFF
MONTORO ACQUIRES DUHAMEL – NICKEL, COPPER, COBALT PROSPECT – QUEBEC, CANADA
JANUARY 25, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company"), is pleased to
announce that it has entered into a Purchase Agreement (the “Agreement”) to acquire a 100% interest in the
Duhamel Property 200 km northwest of the city of Saguenay, Quebec in the Saquenay-Lac-Sain-Jean region.
The Duhamel Property consists of nine (9) mineral claims comprising 500 ha located 14 km west of Arianne
Phosphate Inc. – Lac a Paul open-pit phosphate mine.
Geology/ Deposit type: Sulphide mineralization associated to mafic magmatic intrusion.
Historical Exploration: Previous exploration on the property carried by Virginia Gold Mines consisted of high
definition airborne mag/EM survey, geological mapping, prospecting and drilling. Some preliminary results
retrieved from the Quebec Mineral Assessment files indicated drill intersections as follows:
(GM 58807)
DDH 1279-00-05: 1.27% Ni, 0.24% Cu and 0.12% Co over 3 meters at 17.9 meters depth; 1.27% Ni, 0.33% Cu, and
900 ppm Co over 0.9 meter at 91.2 meters depth.
DDH 1279-00-06: 0.86% Ni, 0.13% Cu and 800 ppm Co over 1.5 meters at 30.7 meters depth.
(GM 59143)
DDH 1279-01-31: 1237 ppm Ni, 930 ppm Cu and 240 ppm Co over 0.5 meters
DDH 1279-01-34: 0.27% Ni, 0.82% Cu and 0.19% Co over 0.3 meters.
All previous work is of a historical nature. The work was conducted prior to implementation of NI 43-101 standards
and assay results cannot necessarily be relied upon. International Montoro intends to confirm the reported
mineralization with the Company’s own sampling program.
Conclusions:
The Company is arranging the staking of additional mineral claims adjoining the original Duhamel property.
Acquisition Terms:
In consideration for a 100% interest in the Duhamel Property, the Company will make the following payments:
(a) Paying to the Vendor’s the sum of $10,000 Cdn upon signing (paid);
(b) Issuing to the Vendor’s an aggregate of 1,000,000 common shares of the Company, at a deemed value of
$0.05 per share;
(c) Paying to the Vendor’s an additional $50,000 or at the discretion of the Company additional shares at 12
months from Exchange approval;
(d) Paying to the Vendor’s an additional $50,000 or at the discretion of the Company additional shares at 24
months from Exchange approval;
2. (e) Incurring or funding $150,000 in Exploration on the Duhamel Property:
(i) $25,000 on or before 12 months from Exchange approval;
(ii) An additional $50,000 on or before 24 months from Exchange approval; and
(iii) An additional $75,000 on or before 36 months from Exchange approval.
All common shares issued herein will be issued as fully paid and subject to such resale restrictions and hold periods
as may be imposed by applicable securities legislation and the Exchange.
The Company is acquiring the Duhamel Property as a secondary property and will continue to focus near term
exploration and development efforts on its wholly owned Serpent River –Pecors Ni-Cu-PGE discovery. The
Company anticipates conducting a field exploration program on the Duhamel Property as soon as weather conditions
permit. In the coming weeks, the Company with the Vendors will complete a review of all historic information in
advance of the proposed Duhamel Property exploration program.
NI 43-101 Disclosure
Yves Caron, P.Geo., M.Sc., a Qualified Person as defined by National Instrument 43-101, has reviewed and
approved the technical information in this news release as is reference to the Duhamel Property.
Finder’s Fee:
The Company will pay a finder’s fee of 10% as per regulatory guidelines to an eligible party in connection with this
agreement; payable either in cash and/or in shares. The common shares are subject to a statutory hold period and
Exchange acceptance.
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 located Uranium/REE mineralization from previous drilling in the general area
where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 ha
In addition the Company owns jointly 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.
ON BEHALF OF THE BOARD
“Gary Musil”
Gary Musil,
President/CEO and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will
occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither 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.