(TheNewswire)
Vancouver, B.C. Canada - TheNewswire - September 21, 2021 -Belmont Resources Inc. (“Belmont”), (or the “Company”),(TSXV:BEA ) (OTC:BELMF) ( FSE:L3L2) is pleased to welcome Mr.James Ebisch, P.Geo to the Belmont team as a consulting geologist.James is a resident of Washington State and will be supervisingexploration programs on the Lone Star project and in particular theupcoming Lone Star drill program.
James is very familiar with the Lone Star havingpublished several technical reports on the project.
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- Ebisch, J.F., 1990: Geology andMineralization at the Lone Star Property, Ferry County, Washington andGreenwood Camp, B.C. for Kennecott Exploration Company,February.
- Ebisch, J.F., 1991: Lone StarProject Report, Ferry County, Washington, January.
- Ebisch, J.F., 1991: Geology of the LoneStar Property, Ferry County, Washington, for Northwest WashingtonGeological Society Meeting, July.
George Sookochoff, President & CEO commented, “Iam very glad to have Jim returning to the Lone Star project onBelmont’s behalf. His knowledge and understanding of the projectwill prove to be invaluable as we advance the Lone Star through stagesof drilling, bulk sampling and strategic planning forproduction.”
Mr. Ebisch has extensive experience in domestic andinternational mineral exploration, conducting generative and projectlevel exploration activities for precious metals, base metals, andindustrial minerals.
His forte is detailed geological mapping, structuralinterpretation, and resultant drill-target definition.
He received a Bachelor of Science Degree in Geologyfrom the University of Wisconsin-Oshkosh (1980) and a Master ofScience Degree in Geology from Sul Ross State University in Alpine,Texas (1984). He is a Registered Member of the Society of MiningEngineers (SME) since 2011 and an Oregon State Licensed Geologist ingood standing since 1986. He is also a NI 43-101 Qualified Person andhas completed a significant number of NI 43-101 reports for variouspublicly-traded Canadian resource companies.
Lone Star Drilling
As announced in an August 16, 2021 news release, Belmont is planning a 3,000+ metre drill programfor the Lone Star copper-gold deposit with the objective of:
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1. Adding additional resources tothe current historical resource.
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2. Moving a component of inferredresource to measured resource in preparation for a possible futurePreliminary Assessment, Scoping or Feasibility Study.
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3. Generating a new current NI43-101 compliant resource incorporating any additional resourcesgenerated from the drilling.
About the Lone Star Projecct
The 234 hectare Lone Star Property is comprised of aseries of contiguous Washington State patented lode claims whichcovers the past producing Lone Star Mine.
The Lone Star mine operated over two time periods;underground from 1897-1918 producing 146,540 tonnes, and open-pit from1977-1978 by Granby Mining Co. when 400,000 tonnes of ore weretransported from the Lone Star open pit to its Phoenix mill in B.C,11km to the north.
Lone Star Historic Resource and UndergroundWorkings
View Lone Star 3D Historic ResourceModel at: https://bit.ly/2XLjErx
The Lone Star deposit has an historic resource estimatewhich was reported in a “Technical Report and Resource Estimate onthe Lone Star Deposit, Ferry County Washington (September 23, 2007)”for Merit Mining Corp. and authored by P&E Mining ConsultantsInc.
X 2007 Historic Resource Estimate @1.5% Cu Equivalent Cut-Off Grade | |||||||
Class | Tonnes | Au g/t | Cu% | CuEq% | AuEq g/t | AuEq oz | Cu Mlbs |
Indicated | 63,000 | 1.28 | 2.30 | 2.69 | 8.82 | 19,600 | 3.19 |
Inferred | 682,000 | 1.46 | 2.00 | 2.44 | 8.02 | 192,936 | 30.07 |
Lone Star Historic Resource
The 2007 historic resource estimation was based on US$593/oz gold and US$2.84/lbcopper .
View Historic Resource Tableat : https://bit.ly/378Xmkq
Golden Dawn’s Lexington Property lies adjacent to theLone Star property on the Canadian side. The two properties cover a3-kilometer long trend of gold-copper mineralization linked bygeology, in both rock types and structure, as well as the accompanyinggold-copper mineralization.
Lone Star Property Map
View Lone Star Property Mapat : https://bit.ly/2XtVXU6
Nearby Toll Mill
Golden Dawn Minerals “Greenwood Toll Mill” is only11km to the north of the Lone Star deposit. The Greenwood mill iscurrently under care and maintenance but Golden Dawn announced in anAugust 4, 2021 news release their plans to initiate refurbishment ofthe mill, a process that is currently underway.
View Greenwood Mill Site: https://bit.ly/3hM5Und
Golden Dawn stated “ The Greenwood Process Plant facility is akey component for potential production from surrounding precious metaldeposits in southern BC. Potential sources of process material couldinclude gold-copper & silver material from the following:
Lexington Mine (gold-copper)Golden Dawn GOM.v
Golden Crown Mine(gold-copper) Golden Dawn GOM.v
May Mac Mine (silver-gold)Golden Dawn GOM.v
Deadwood deposits (Golden DawnGOM.v)
Kenville mine at Nelson (XimenMining Corp. XIM.v )
Gold Drop property (GGX GoldCorp. GGX.v )
Lone StarMine (Belmont Resources BEA.v )”
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 new exploration technology, geologicalmodelling and specialized 3D data analysis, the company issuccessfully identifying new areas of mineralization beneath and/or inthe near vicinity of the past producing mines.
The Belmont project portfolio:
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- Athelstan-Jackpot , B.C. – *Athelstan & Jackpot Gold-Silver mines
- Come By Chance , B.C. – *Betts Copper-Gold mine
- Lone Star ,Washington – *Lone Star Copper-Gold mine
- Pathfinder ,B.C. – *Bertha & Pathfinder 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:
Technical disclosure in this news release has beenapproved by James Ebisch P.Geo, a Qualified Person as defined byNational Instrument 43-101.
A qualified person has not done sufficient work toclassify the historic estimate as current mineral resources or mineralreserves. As such the issuer, Belmont Resources, is not treatingthis historical estimate as current mineral resources or mineralreserves.
(1) Mineral resources which are not mineral reserves donot have demonstrated economic viability.
(2) Gold equivalent (AuEq) grade was calculatedutilizing a gold price of US$593/oz and copper price of US$2.84/lb.,based on the 24 month (at July 31, 2007) trailing average of gold andcopper prices, to obtain a conversion factor of % copper x 3.284 +gold g/t = Au Eq g/t. Metallurgical recoveries and smelting/refiningcosts were not factored into the gold equivalent calculation.
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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