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Montoro Confirms Significant Concentrations of Rare Earth Oxides on Its Serpent River Property in Elliot Lake, Ontario
Montoro Confirms Significant Concentrations of Rare Earth Oxides on Its Serpent River Property in...
About this update from Denison Mines Corp.
[{"type":"text","content":"\nMontoro Confirms Significant Concentrations of Rare Earth Oxides on Its Serpent River Property in Elliot Lake, Ontario\n\n\n Nov. 25, 2009 (Filing Services Canada) -- International Montoro Resources Inc. (IMT - TSX Venture), has confirmed  concentrations of the lanthanide series of rare earth elements (REE)  in  previously  drilled holes on its 1,840 ha Serpent River Property located approx. 13 km. east of the town of Elliot Lake, Ontario.  As announced on November 12, 2009, the analysis of certain drill intersections at Serpent River has confirmed the presence of elevated REE in conjunction with uranium (U) in the Quartz Pebble Conglomerates (QPC).A total of 12 holes  were drilled  within a zone (Pecors channel) where Rio Algom had outlined a historical resource (non NI 43-101 compliant) estimating the QPC  contained an indicated resource of 20 million tons grading 0.034% U3O8 (14.8 million pounds).  Six of these holes, spanning an area of about 550m by 300m, returned TREE (total REE plus Y -Yttrium) results.  A table of the significant assays are listed below.Table 1 -Drill Results, Quartz Pebble Conglomerates-------------------------------------------------------------------------Drill Hole       From       To      Length(M)       TREE%       TREEg/t  -------------------------------------------------------------------------P07-03          115.57    116.22      0.65         0.2124\t        2124P-07-04         146.45    151.10      4.65         0.1238\t        1238Incl.           150.18    151.10      0.92         0.2519\t        2519P-07-05 
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