MONTREAL, May 22, 2012 /CNW Telbec/ - Toron Inc. (OTCBB: TRON) - (The Company) is pleased to announce that it has commissioned its second NI 43-101 Compliant Technical Report on the remainder of its 295 claims that make up the Company's Tiblemont Gold Property. The report is a very in depth technical geological report that is compliant with the National Instruments 43-101 standards of disclosure for mineral properties in Canada.
The Report will cover the 295 claims that make up the Tiblemont Gold Property that Toron has recently acquired and that were not included in the first NI 43-101 report covering 100 claims that was undertaken by Toron earlier. The report will look at all recent and historical Geological and Geophysical Data that has been generated over the last number of years. The majority of these historical works concerning the area of the Company's 295 claims were dated geophysical surveys (mainly aerial geophysics), but only a few ground-based surveys have been carried out on the actual Blocks of the property. "This is very positive and will make it possible with new exploration techniques for the Company to identify mineralization that may have otherwise been passed over. Toron feels that because of a deeper overburden on some parts of the Blocks there has been a large portion of the lands that has been overlooked and by using new imaging and detection equipment we might be able to identify many new drill targets", states, Michael Whitehead, CEO of the Company.
Toron Inc. (www.toroninc.com) prides itself on being a new mineral exploration company focusing its attention on projects involving gold and other valuable metals. Based in Quebec, one of Canada's richest mining provinces, Toron Inc., a Nevada company incorporated a wholly owned subsidiary, Toron Resources Inc., for the sole purpose of exploring mining projects in Canada, and specifically, in Quebec and Ontario.
Safe Harbor Statement
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, but are not limited to, statements with respect to having a geologist join the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration development and production activities. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of its mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Toron Inc. resources and ability to mine Toron Inc. resources, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the mining sectors, and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.
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