by Greg Klein | September 10, 2020

Another portfolio addition reflects the revival of interest in this southwestern Ontario region. By optioning the 1,296-hectare Blackfly Gold property, International Montoro Resources TSXV:IMT joins the Hammond Reef activity that includes an intermediate miner as well as junior explorers.

An 1897 find makes Blackfly one of the earliest discoveries in the Atikokan gold mining camp. Exploration on the property continued intermittently up to 2012, when historical reports and data were compiled.

International Montoro attributes much of the camp’s current interest to efforts by Agnico Eagle Mines TSX:AEM to acquire additional property proximal to its Hammond Reef gold deposit, which has received federal and provincial environmental approval. Blackfly sits about 13.6 kilometres southwest along strike from Hammond Reef, within the Marmion Lake Fault Zone.

A 100% interest would cost International Montoro a series of payments totalling $65,000, 500,000 shares, 500,000 warrants valid for two years at $0.12 and, within four years, $153,600 in spending.

In Ontario’s Red Lake camp last July, International Montoro and Falcon Gold TSXV:FG expanded their Camping Lake gold project by 1,200 hectares, for a total of 3,400 hectares. International Montoro’s portfolio also includes the Wicheeda North rare earths property in east-central British Columbia, the Serpent River massive sulphide polymetallic prospect in Ontario’s Elliot Lake camp and the Duhamel polymetallic property in Quebec’s Saguenay-Lac-Saint-Jean region.

Read more about International Montoro Resources.