International Montoro Resources Inc.(CVE:IMT) (OTCPINK:IMTFF) has received an extension to its drill permit for its 1,840-hectare (Ha) Pecors nickel, copper, platinum group elements (PGE) project in Ontario, which means the company can further investigate the asset.
It will allow the group to delineate the extent of nickel, copper, and PGM mineralization discovered in 2015 diamond drilling and a VTEM survey on the Pecors anomaly.
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The Pecors anomaly is a strong regional magnetic high that extends for 18km southeast-northwest and up to 4km wide. It lies 15km from the East Bull Intrusive Suite where recent drilling by Grid Metals Corp (CVE:GRDM) recently hit 119m of 1.13 grams per ton (g/t) palladium equivalent (Pd_Eq).
Meanwhile, Canadian Palladium's (CSE:BULL) recent drilling results reported a 5m intersection grading 5.1 g/t palladium equivalent from its East Bull property.
"The drilling permit extension will enable us to return to our Pecors Ni-Cu-PGE project to investigate the extent and nature of the 2015 significant results. This appears to be a new source of PGE mineralization within an area close to the success of Grid Metals and Canadian Palladium," said Karim Rayani, the CEO and president of International Montoro Resources Inc.
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