(TheNewswire)
December 1, 2023 - TheNewswire - Vancouver, B.C., Canada; Belmont ResourcesLtd. (“Belmont” or the “Company”) (TSX.V: BEA; FSE: L3L2) ispleased to announce the immediate appointment of Mr. Michael Kriebelto its board of directors.
Mr. Michael Kriebel, a highly accomplished CertifiedManagement Accountant based in Berlin, Germany, brings a wealth of experience toBelmont. Commencing his career in tax consulting, he swiftlyprogressed to serve as the Head of Accounting at a groundbreakingtechnology start-up in Germany. Michael's expertise extended tomanaging the accounting departments of the English, Polish, andSpanish subsidiaries of an esteemed international mediacorporation.
Belmont is confident that Mr. Kriebel's extensivefinancial acumen and international business insights will beinvaluable assets for the Company.
The Company also announces the resignation of boardmember Mr. James Place. Mr. Place resigned his position to allow forthe appointment of Mr. Kriebel. Mr. Place will continue on theAdvisory Board.
George Sookochoff, Belmont President& CEO commented “I welcome Mr. Kriebel joining our board as Ibelieve he will significantly enhance our presence in the Europeaninvestment and financial communities.“
“I also would like the thank Jamesfor his long service to the Company as a director and past president.I am glad that he will remain on the advisory board and will continueto provide counsel to management and the board.”
About Belmont Resources
Belmont Resources has assembled a portfolio of highlyprospective copper, gold, lithium, uranium and rare earths projectslocated in British Columbia, Saskatchewan, Washington and NevadaStates. Its holdings include:
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Athelstan-Jackpot (A-J): 2 former gold mines. 2,000m drill program recently completed with assay resultspending.
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Crackingstone Uranium-Rare Earths: Some of the highest grade Rare Earth Elements (REE’s) are beingdiscovered in Northern Saskatchewan due to the presence of Uranium,Thorium Pegmatites. Crackingstone project meets the criteria forpotentially discovering a large REE’s deposit with its high gradeuranium along with thorium and pegmatite. A review of 3,000m of 2008drill data shows a 1.3km pegmatite dyke drilled but only assayed foruranium at that time. 2023plans are to re-assay pegmatite sections for REE’s ;
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Come By Chance (CBC): 2021 geophysics delineated potential large copper-goldporphyry
2022 drilling provided further vectors towardspotential core of porphyry;
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The LoneStar Copper-Gold: optioned to Australian Marquee Resources ASX:MQR. MQR hasspent in excess of $2.5M in drilling, completed new resource in Dec.2022, and is currentlypreparing a Preliminary Economic Assessment inorder to earn 80% interest.
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The Kibby BasinLithium project located 60 kilometers north ofthe lithium rich Clayton Valley Basin: Optioned 80% of the centralKibby Playa claim block to Australian Marquee Resources - MQR. MQR hasspent in excess of $2.5M in drilling in 2022 for potential deep seatedlithium brine. 2022 Drilling confirmed high levels of lithium-bearingsediments along with dissolved lithium in the groundwater.
ON BEHALF OF THE BOARD OF DIRECTORS
“GeorgeSookochoff”
George Sookochoff, CEO/President
Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
This Press Release may contain forward-lookingstatements that may involve a number of risks and uncertainties, basedon assumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of exploration andother risk factors beyond its control. Actual events or resultscould differ materially from the Companies forward-looking statementsand expectations. These risks and uncertainties include, among otherthings, that we may not be able to obtain regulatory approval; that wemay not be able to raise funds required, that conditions to closingmay not be fulfilled and we may not be able to organize and carry outan exploration program in 2023, and other risks associated with beinga mineral exploration and development company. These forward-lookingstatements are made as of the date of this news release and, except asrequired by applicable laws, the Company assumes no obligation toupdate these forward-looking statements, or to update the reasons whyactual results differed from those projected in the forward-lookingstatements.
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