Belmont Resources Inc. and International Montoro Resources Inc.: First Drill Hole Nears Completion on the Crackingstone Property, Uranium City, Sask.
Fri Apr 11, 9:30 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2008) - Belmont Resources Inc. ("BEA") (TSX VENTURE: BEA.V)(PINK SHEETS: BEAAF.PK)(FRANKFURT:L3L) and International Montoro Resources Inc. ("IMT") (TSX VENTURE: IMT.V)(PINK SHEETS: IMTFF.PK)(FRANKFURT:O4T) ("the Companies") are pleased to announce that the first drill hole has been drilled to 83 metres and is expected to complete near 150 metres at the Crackingstone Uranium Project located north of Bushell Bay and 8 km west of Uranium City, Saskatchewan. Diamond drilling is continuing on the Phase One, 20+ holes, minimum 3,000 meter (10,000 ft.) program. A detailed map outlining the location of the drill holes, known uranium occurrences, radon gas anomalies and trace lines of the fault zones can be viewed on the Companies web sites at www.BelmontResources.com and www.MontoroResources.com. The objective of this drilling program is to explore the uranium potential of one of three known northeast striking fault zones located on the Crackingstone claim number S-108022. The spring 2008 drilling program will test a 1.5 km section of the Boom Lake Fault zone, north and south of Beck 94.
Belmont and Int. Montoro have completed a number of key initiatives at the Crackingstone Uranium Project including a NI 43-101 report, a preliminary report outlining development recommendations, mapping, line cutting, ground geophysics, soil sampling, grab and channel sampling, a radon gas survey, and an airborne radiometric and magnetic survey. These development programs were instrumental in defining this drill program for the Companies. Past production in the area came from four primary areas; the Cinch, Lorado, Rix Smitty and Leonard deposits. The Cinch Lake and Rix Smitty mines have produced a total 1,869,000 pounds of U3O8. The Rix Smitty and Leonard mines are upstrike northeast from the three known uranium bearing fault zones on the Crackingstone property.
Progress reports and assay results will be released as soon as they are received and compiled by the Companies.
About Belmont Resources Inc.
Belmont Resources Inc. is focused on acquiring and developing uranium properties in developed and emerging uranium districts, and continued development of mineral projects in Ontario. Belmont (50/50) with International Montoro Resources Inc. has acquired significant uranium properties located in the Central Mineral Belt Uranium District in Labrador and two claim blocks (Crackingstone - 982 ha & Orbit Lake - 11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit claim block to Ultra Uranium Corp. (TSX.V:ULU). Belmont has also staked (100% owned) 63,184 ha in the Wollaston/Reindeer Lake-Compulsion Bay area, southeast Athabasca Basin, Saskatchewan.
Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com.
About International Montoro Resources Inc.
International Montoro Resources is focused on advancing its 100 percent optioned Elliot Lake uranium project in northern Ontario and Cup Lake/Donen uranium project in south-central British Columbia. In addition the Company is continuing development of its (50/50) projects with Belmont Resources Inc. in the Uranium City District - Northern Saskatchewan and Central Mineral Belt in Labrador.
For further information, visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, CFO/Director
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts
(604) 683-6648
Belmont Resources Inc.
(604) 683-1350 (FAX)
Dean Stuart
Belmont Resources Inc.
(403) 517-2270
Website: www.BelmontResources.com
(604) 683-6648
International Montoro Resources Inc.
Website: www.MontoroResources.com
Michael Borovec
CHF Investor Relations
(416) 868-1079, ext. 229 |
