(TheNewswire)
Vancouver, B.C. Canada – TheNewswire - March 3 1, 2022 - Belmont Resources Inc.(“Belmont”), (or the “Company”), (TSXV:BEA ) ; ( FSE:L3L2) is pleased to report thatdrilling is now underway on its Come By Chance (CBC)project . The 2022 program is expected to consistof 2,000 metres of drilling and is fully funded.
George Sookochoff, President and CEO commented:"We are excited to start our second drill program along with ourongoing Lone Star drill program. In only ten months since we acquiredthe CBC, we have completed a very aggressive exploration programconsisting of rock sampling, LIDAR, Magnetic and IP surveys all ofwhich combined have identified some very compelling drill targets. Ilook forward to providing our shareholders with exciting news in thefollowing weeks to come from our CBC and Lone Star drill programsalong with the upcomig Kibby Basin Lithium drilling.”
“I would also like to introduce our two newconsulting geologists who will be overseeing the CBC drilling. SeniorGeologist, Zuzka Gazdik, B.Sc and Carter Grondahl, PhD from TripointGeological Consulting Services. I am very pleased to have these twovery talented individuals overseeing this important phase of theproject.”
2022 Drilling Program
Historic exploration revealed many indications to apotential concealed intrusive of copper/gold mineralization in the skarns, the free gold, epithermal zone s , and a massivesulfide epithermal zone. There are alsoindications of a potential porphyry/skarnlinkage (Evans, 2005).
Drill Targets Identified forDiamond Drilling
About the Come By ChanceProject
The Come By Chance (CBC) property is situated in theGreenwood mining camp, considered to be one of the highestconcentrated areas of past producing mines in North America
Although the Phoenix mine was the major producer, someof the smaller mines were also productive from a number of differenttypes of deposits. From 1900 to 1975 production from these 26principal mines was produced over 600 million pounds of copper and 1.4million ounces of gold (Church, 1986).
The CBC Property, located three kilometres to the southeast of the Phoenix deposits, is on a comparative geological trend and hosting skarn,epithermal, volcanogenic, and massive sulphide mineralization.
About Belmont Resources
Belmont Resources is engaged in the business ofacquiring and re-developing past producing copper-gold-silver mines insouthern British Columbia and Northern Washington State. This regionis considered to have the highest concentration of mineralization andpast producing mines in western North America. By utilizing newexploration technology, geological modelling and specialized 3D dataanalysis, the company is successfully identifying new areas ofmineralization beneath and/or in the near vicinity of the pastproducing mines.
The Belmont project portfolio:
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Athelstan-Jackpot , B.C. – * Gold-Silver mines
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Come By Chance ,B.C. – * Copper-Gold mine
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Lone Star ,Washington – * Copper-Gold mine
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Pathfinder ,B.C. – * Gold–Silver mines
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Black Bear ,B.C. – Gold
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Pride of the West , B.C.- Gold
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Kibby Basin, Nevada – Lithium
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Crackingstone, Sask. – Uranium
* past producing mine
NI 43-101 Disclosure:
The technical information in this news release has beenprepared in accordance with Canadian regulatory requirements as setout in National Instrument 43-101 and has been reviewed and approvedby Laurence Sookochoff, P.Eng. Mr. Sookochoff is a Director of BelmontResources Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
“GeorgeSookochoff”
George Sookochoff, CEO/President
Ph: 604-505-4061
Email: george@belmontresources.com
Website: www.BelmontResources.com
We seek safe harbor. Neither TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. The TSX Venture Exchange has notapproved nor disapproved of the information containedherein .
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