Belmont Resources Inc. (“BEA”), and International Montoro Resources Inc. (“IMT”), the (“Companies”) have received the report and results of the fall 2007 exploration program completed by Crosshair Exploration and Mining Corp. (“CXX”).
The exploration by Crosshair in 2007 on the Stormy Lake and Patridge River, Central Mineral Belt-Labrador properties included geological mapping, prospecting, rock and lake sediment sampling. All of the work was helicopter supported and was carried out from the ‘Armstrong’ base camp located approximately 130 km north of Goose Bay, Labrador.
The ENCOM Geophysics report (Intrepid Geophysics, 2007) highlighted numerous target areas on the Stormy Lake and Partridge River properties, all of which were prospected by Crosshair prospectors and mapped by Crosshair geologists. Crosshair’s program did not identify any significant new showings or zones of uranium mineralization and have decided not to continue with the option earn-in agreement with Belmont and Int. Montoro.
Belmont and Int.Montoro have earned a 75% interest (each as to 37.5%) in the
property from the original vendor and will be reviewing the results received
from Crosshair to determine its next course of action.
ON BEHALF OF THE BOARD OF DIRECTORS
“GARY MUSIL”
Gary Musil,
CFO/Director
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