(TheNewswire)
Vancouver, B.C. Canada - TheNewswire - April 20, 2022 - BelmontResources Inc. (“Belmont”), (or the “Company”),(TSXV:BEA ) ( FSE:L3L2) is pleased to announce that that its maidendiamond drilling program is ongoing on its 100% owned Come By Chance(CBC) project (the "Property") locatedin the prolific Greenwood mining camp in southern BritishColumbia.
Come By Chance Drilling TargetAreas
Five drill holes for a total of 1,650 metres of coredrilling has been completed to date out of the planned 2,100 metredrill program. The phase-one program has focused on the Betts, IronChief and Lady M zones where 2021 geophysical surveying has identifiedgeophysical anomalies associated with high grade copper-gold grabsampling results.
The phase-one drilling was designed to initially testcertain geophysical anomalies for mineralization and determine whichcombined geophysical signatures (magnetic, chageability andresistivity high-lows) best correlate to mineralization. Theidentified composite signature will then be used to better delineatefurther drill targets in phase-two drilling.
Assay results from the drill program will be releasedon a timely basis once results have been received from the laboratory.A total of 400 samples were bagged and tagged using best practices andwere delivered to MSALABS, Langley, B.C., for sample preparation andanalyses. MSALABS is an independent commercial, accredited ISOCertified Laboratory. First results are expected within fourweeks.
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 acomparative geological trend and hosting skarn, epithermal,volcanogenic, and massive sulphide mineralization.
Historic exploration revealed many indications to apotential concealed intrusive of copper/gold mineralization in theskarns, the free gold, epithermal zones, and a massive sulfideepithermal zone. There are also indications of a potentialporphyry/skarn linkage (Evans, 2005).
Drilling at the Lone Star Copper-Gold project isongoing with 6,100 metres of a +7,000 metre drill program completed todate.
Purpose of the drill program to:
1) Validate the historical 250 drill hole database andhistoric resource model;
2) Achieve an infill drill hole spacing that isappropriate for advancing the 2007 historic inferred mineral resourceto a current measured and indicated resource category;
3) Test for extensions of the historical resourceboth laterally and at depth;
4) Deliver a43-101/JORC compliant mineral resource estimate and a PreliminaryEconomic Assessment (Q3-2022).
Lone Star Drill Core: 2.6m@18.5% Cu, 10.4 g/t Au & 106 g/t Ag
Kibby Basin Lithium Project
A 2,500 metre drill program is planned for May 2022.Drilling will target a large highly conductive anomaly (brine lithium)beneath the Kibby Basin playa. The Kibby Basin Lithium property hassimilar characteristics to the Clayton Valley Basin situated 60kms tothe south.
Kibby Basin ConductiveAnomaly - Drill Target
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:
-
Athelstan-Jackpot , B.C. – * Gold-Silver mines
-
Come By Chance ,B.C. – * Copper-Gold mine
-
Lone Star ,Washington – * Copper-Gold mine
-
Pathfinder ,B.C. – * Gold–Silver mines
-
Black Bear ,B.C. – Gold
-
Pride of the West , B.C.- Gold
-
Kibby Basin, Nevada – Lithium
-
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 .
Copyright (c) 2022 TheNewswire - All rights reserved.