Connect with us

Drilling News

Belmont Provides Drilling Update from the Come By Chance Project

Vancouver, B.C. Canada – TheNewswire – April 20, 2022 – Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSXV:BEA) (FSE:L3L2) is pleased…

Published

on

Vancouver, B.C. Canada – TheNewswire – April 20, 2022 – Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSXV:BEA) (FSE:L3L2) is pleased to announce that that its maiden diamond drilling program is ongoing on its 100% owned Come By Chance (CBC) project (the “Property”) located in the prolific Greenwood mining camp in southern British Columbia.


Click Image To View Full Size

 

Come By Chance Drilling Target Areas

Five drill holes for a total of 1,650 metres of core drilling has been completed to date out of the planned 2,100 metre drill program. The phase-one program has focused on the Betts, Iron Chief and Lady M zones where 2021 geophysical surveying has identified geophysical anomalies associated with high grade copper-gold grab sampling results.

The phase-one drilling was designed to initially test certain geophysical anomalies for mineralization and determine which combined geophysical signatures (magnetic, chageability and resistivity high-lows) best correlate to mineralization. The identified composite signature will then be used to better delineate further drill targets in phase-two drilling.

Assay results from the drill program will be released on a timely basis once results have been received from the laboratory. A total of 400 samples were bagged and tagged using best practices and were delivered to MSALABS, Langley, B.C., for sample preparation and analyses. MSALABS is an independent commercial, accredited ISO Certified Laboratory. First results are expected within four weeks.

 

About the Come By Chance Project

The Come By Chance (CBC) property is situated in the Greenwood mining camp, considered to be one of the highest concentrated areas of past producing mines in North America

Although the Phoenix mine was the major producer, some of the smaller mines were also productive from a number of different types of deposits. From 1900 to 1975 production from these 26 principal mines was produced over 600 million pounds of copper and 1.4 million 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.

Historic exploration revealed many indications to a potential concealed intrusive of copper/gold mineralization in the skarns, the free gold, epithermal zones, and a massive sulfide epithermal zone. There are also indications of a potential porphyry/skarn linkage (Evans, 2005).  

 


Click Image To View Full Size

 Lone Star Drilling

Drilling at the Lone Star Copper-Gold project is ongoing with 6,100 metres of a +7,000 metre drill program completed to date.

Purpose of the drill program to:

1) Validate the historical 250 drill hole database and historic resource model;

2)  Achieve an infill drill hole spacing that is appropriate for advancing the 2007 historic inferred mineral resource to a current measured and indicated resource category;

3)  Test for extensions of the historical resource both laterally and at depth;

4)  Deliver a 43-101/JORC compliant mineral resource estimate and a Preliminary Economic Assessment (Q3-2022).

 


Click Image To View Full Size

 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 has similar characteristics to the Clayton Valley Basin situated 60kms to the south.

 


Click Image To View Full Size

 Kibby Basin Conductive Anomaly – Drill Target

About Belmont Resources

Belmont Resources is engaged in the business of acquiring and re-developing past producing copper-gold-silver mines in southern British Columbia and Northern Washington State. This region is considered to have the highest concentration of mineralization and past producing mines in western North America. By utilizing new exploration technology, geological modelling and specialized 3D data analysis, the company is successfully identifying new areas of mineralization beneath and/or in the near vicinity of the past producing mines.


Click Image To View Full Size

 

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 been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and has been reviewed and approved by Laurence Sookochoff, P.Eng. Mr. Sookochoff is a Director of Belmont Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

“George Sookochoff”

George Sookochoff, CEO/President

Ph: 604-505-4061

Email: [email protected]

Website: www.BelmontResources.com

 

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.

Copyright (c) 2022 TheNewswire – All rights reserved.

drilling
drill program
drill hole
tsxv-bea
belmont-resources-inc
press-release

Financing News

Liberty Gold Reports Q2 2022 Financial and Operating Results

VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased…

Continue Reading
Financing News

METALLA REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2022 AND PROVIDES ASSET UPDATES

METALLA REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2022 AND PROVIDES ASSET UPDATES
PR Newswire
VANCOUVER, BC, Aug. 12, 2022

(All dollar amounts are in United States dollars unless otherwise indicated)
                                      …

Continue Reading
Financing News

STAR DIAMOND CORPORATION ANNOUNCES SECOND QUARTER 2022 RESULTS

STAR DIAMOND CORPORATION ANNOUNCES SECOND QUARTER 2022 RESULTS
Canada NewsWire
SASKATOON, SK, Aug. 12, 2022

TSX: DIAM
SASKATOON, SK, Aug. 12, 2022 /CNW/ – Star Diamond Corporation (“Star Diamond” or the “Company”) today reported its financial resul…

Continue Reading

Trending