The Conversation (0)
International Montoro Resources (TSXV:IMT) has hit a thick, medium to coarse grained gabbro unit with two distinct zones of pyrrhotite and chalcopyrite at the Pecors anomaly in Ontario. CEO Gary Musil said, “Also, there is evidence that a remobilization process has occurred in this magmatic system. Pecors is indeed a favorable setting for potentially rich nickel-copper-PGE mineralization which marks a significant advancement of the exploration model for the district.” Drilling on a second hole, approximately 650 metres northwest, will begin upon completion of hole #1.
As quoted in the press release:
Latest highlights of the current program are as follows:
- Further to the news release of April 9, 2015, a second mineralized interval containing 1-3% (visually estimated) disseminated pyrrhotite and chalcopyrite has been intersected at a depth between 916 metres and 933 metres
- La Montagne Geophysics Ltd. will immediately execute a downhole probe BH UTEM geophysical survey of this first hole after drilling is completed to a depth of just beyond 1000 meters (current depth is 996 metres)
- Drilling of a second hole, collared approximately 650 metres to the northwest, will commence immediately upon completion of hole #1
Gary Musil, President and CEO of Montoro Resources, commented: “Core samples are being prepared to be sent to the lab for analysis. We’re highly encouraged that in our first-ever drill hole at Pecors we’ve intersected such a thick gabbro unit (nearly 400 metres), the desired host rock, with visible sulphides after penetrating the Huronian sediments. Also, there is evidence that a remobilization process has occurred in this magmatic system. Pecors is indeed a favorable setting for potentially rich nickel-copper-PGE mineralization which marks a significant advancement of the exploration model for the district.”
Don Hawke, PGeo., and the Company’s consulting geologist added: “The sulphides in the second interval were interstitial to the cumulus plagioclase and pyroxene crystals which are interpreted to mean that an immiscible sulphide liquid was present at the time the magma was intruded. This suggests that accumulations of massive copper-nickel sulphide mineralization could occur elsewhere within the gabbro. A 78-metre section from 670 metres to 748 metres, contained <1% (visually estimated) stringer pyrrhotite, chalcopyrite and pyrite mineralization.”
Click here to read the International Montoro Resources (TSXV:IMT) press release
Click here to see the International Montoro Resources (TSXV:IMT) profile.