MONTORO-BELMONT J.V. COMPLETES PRELIMINARY
EVALUATION OF CRACKINGSTONE RIVER/RUZA PROPERTY NEAR URANIUM
CITY, SASKATCHEWAN
International Montoro Resources Inc.(“IMT”)
and Belmont Resources Inc. (“BEA”) (Montoro-Belmont
JV) have completed a preliminary evaluation of the companies
750 hectare Crackingstone River Property (“CRR or the
“Property”) located on the north shore of Lake
Athabasca (Northern Mining District – Crackingstone
River area) and 8 km SW of Uranium City, Saskatchewan.
The evaluation is based on a property visit carried out in
May of 2006 and a preliminary review of the exploration history
carried out on the property. There have been two main periods
of exploration on the Property evaluating the uranium potential.
Rix Athabasca Uranium Mines Ltd. and Amax Uranium Mines Ltd.
carried out simultaneous evaluations of their adjoining property
from 1949 to 1953. Numerous uranium occurrences were discovered
by standard prospecting with a Geiger counter and scintilometer.
The most promising showings were tested with shallow diamond
drill holes to a depth varying from 30 to 250 feet. Three
significant northeast striking uranium trends were identified.
From 1967 to 1969, Mukta Explorations (Quebec) Inc. carried
out further exploration on the Rix and Amax discoveries. In
many cases, Mukta extended the known uranium zones discovered
by Rix and Amax. Historical data has reported assays of up
to 12.57% U3O8.
The 2006 CRR property due diligence review confirmed the
uranium showings discovered by previous exploration. The sampling
survey was successful in confirming the presence of uranium
mineralization hosted within NW trending brittle fractures
that are contained within NE trending shear zones. The preliminary
review of the extensive past exploration data has confirmed
the presence of three significant NE striking uranium bearing
shear zones on the property. The recent sampling survey and
data research has confirmed the presence of an ENE striking
structure identified by previous explorers traversing through
the central portion of the CRR property. This ENE structure
is host to the past producing Cinch Lake Uranium Mine located
less than 3km east from the CRR property. The Cinch Lake Uranium
Mine produced 739,000 lb of uranium at a grade of 0.26% U3O8.
There are over 18 uranium showings known to exist on the
CRR property. Four uranium occurrences were confirmed in the
southern, central and northern portion of the Property, during
this visit.
Sample assays were obtained from an open cut and adit located
in the northern portion of the Property. This adit is known
as Rix #7 adit. The uranium mineralization consists of uranophane
(yellow stain) and pitchblende. Four samples taken from the
rock pile and trenches along the strike of the fracture zones
along an east-west strike length of 275 meters assayed as
follows:
Sample number |
Location |
Description |
Type sample |
% Uranium |
336913 |
628687E6602416N(Rix #7 adit)
|
Yellow staining along fractures in granite |
Grab from the rock pile near adit |
0.28 |
336914 |
628691E, 6602411N(Rix #7 adit) |
Qtz-calcite vein pitchblende & yellow-orange
stain |
Chip from north face of open cut |
0.40 |
336915 |
628680E6602429N(Rix #7 adit)
|
Quartz-calcite vein with Pitchblende & yellow-orange
stain |
Chip from face of trench #2 |
6.55 |
336917 |
62688411E6602533N(Rix #7 adit) |
Yellow-orange stain in granite gneiss |
Chip grab from shear zone |
0.78 |
Two other samples from the south and central portion of the
property assayed as follows:
336901 |
628092E6599768NRix # 49-CC1-1 |
E-W Brittle fractured hornblende schist.
|
Chip across 0.3 m |
0.07 |
336907 |
628120E6600259NAmax # 49-CC1-6 |
Qtz-feldspar-chlorite schist, hematite staining |
Grab-chip |
0.023 |
The samples taken from Rix #7 Adit also contained significant
quantities of silver and lead. Sample # 336917 assayed 15
g Silver/t. Sample # 336915 contained more than 0.5% Lead.
The mineralization is contained within fracture, silicified,
fractured and intensely granitized meta-sediments, meta-volcanic
and altered intrusive rocks. Most of the showings are contained
within the Northeast trending Black Bay Shear Zone. The Black
Bay Fault crosses the southeast portion of the Property. The
ENE trending Crackingstone Fault Zone, which hosts the Cinch
Lake Uranium Mine crosses through the central portion of the
Property. This Fault Zone intersects the Black Bay Shear Zone
in the central portion of the Property. The intersection of
these two faults has caused severe fracturing and much of
the area on the intersection is covered with swampy ground.
Several known uranium occurrences are located near the area
of the intersection, and represents a prime target for uranium
exploration on the CRR property. The intersection point of
the Crackingstone Fault Zone, with all three NNE uranium bearing
shear zones also represents prime exploration targets for
further uranium exploration.
All results and data pertaining to this project has been reviewed
and verified by R.A. Bernatchez, P. Eng. Consulting Geologist.
A comprehensive National Instrument 43-101 geological report,
expected soon, will outline the further highly recommended
exploration program.
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