(TheNewswire)
May 2, 2022 - TheNewswire - Vancouver, B.C., Canada - Belmont Resources Ltd. (“Belmont” or the “Company”) ( TSXV:BEA ) ( FSE:L3L2 ) is pleased to announced they helpedto arrange the exercising of 2,511,500 warrants in April 2022; exercised at $0.05 per share for gross proceeds of $125,575.
A Thank You to shareholders & investors forcontinued support of Belmont as we move forward on the completion ofour 1st phase CBC-B.C. (copper/gold) drilling program, and continueddrilling on our Lone Star-Washington (copper/gold) joint venturedrilling, as well as the upcoming Kibby Basin-Nevada (lithium) jointventure drilling program.
Our joint venture partner Marquee Resources Ltd. (ASX:MQR) anticipates the starting of drilling approximately 3,000 metreson the Kibby Basin lithium project by mid May 2022.
The Belmont project portfolio:
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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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Athelstan-Jackpot, B.C. – * Gold-Silvermines
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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
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. Theserisks and uncertainties include, among other things, that we may notbe able to obtain regulatory approval; that we may not be able toraise funds required, that conditions to closing may not be fulfilledand we may not be able to organize and carry out an explorationprogram in 2022, and other risks associated with being a mineralexploration and development company. Theseforward-looking statements are made as of the date of this newsrelease and, except as required by applicable laws, the Companyassumes no obligation to update these forward-looking statements, orto update the reasons why actual results differed from those projectedin the forward-looking statements.
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