Connect with us

Today’s News

Belmont Identifies Five Priority Drill Targets From IP Survey on Its Flagship CBC Property

Vancouver, B.C. Canada – TheNewswire – January 13, 2022 – Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSXV:BEA) (FSE:L3L2). is pleased…

Published

on

Vancouver, B.C. Canada – TheNewswire – January 13, 2022 – Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSXV:BEA) (FSE:L3L2). is pleased to report the results from the fall 2021 program of 3D Induced Polarization (3D IP), prospecting and rock sampling on the company’s 100% owned CBC Property near Grand Forks, Southern British Columbia.  The 3D IP Survey was completed by Frontier Geoscience and tested a 478 hectare area that covered the majority of the property.

Watch video at: https://bit.ly/3fgUXbJ


Click Image To View Full Size

 

Highlights include:

  • 5 high priority targets have been identified for follow-up diamond drilling 

  • High gold values were confirmed from Iron Chief occurrence, 17.05 g/t Au and 619 g/t Ag 

  • High copper values and elevated gold were confirmed from the Betts occurrence, 4.75% Cu and 0.676 g/t Au 

  • A new area of copper-gold skarn mineralization was discovered, with values including  3.8 g/t Au with 0.45% Cu and 1.4 g/t Au with 1.07% Cu (Lady M Zone), which coincides with one of the IP targets 

 

George Sookochoff, President and CEO of Belmont Resources, stated, “Our systematic 2021 exploration program on the CBC property has resulted in the delineation of some very high priority drill targets for our upcoming drill program. We are very excited to now advance the CBC to the next important stage of exploration and that is putting the drill in the ground.

I also invite you to watch the CBC IP video which explains the project at its best.

View the video at: https://bit.ly/3fgUXbJ

  


Click Image To View Full Size

 Drill Targets Identified for Diamond Drilling:

  • Hardy Mountain Zone: A 400 m long strong northeast-trending chargeability and resistivity high, with a corresponding mag low signature, located near the Brown’s and Caledonia showings. The geophysical target extends from surface to the depth limit of the survey (300 m). Elevated gold and copper values were returned from rock samples at the Brown’s and Caledonia showings. 

 

  • Lady M Zone: An arcuate shaped, east-west trending, stratigraphically controlled, moderate chargeability high at the “Phoenix horizon”.  Values to 3.8 g/t Au and 0.45% Cu were returned from skarn samples in this area.
     

  • Iron Chief Zone: A northeast-trending zone of sulfide-rich quartz veining.  Values to 17.05 g/t Au, 619 g/t Ag were returned from rock samples collected.
     

  • Betts Zone: A strong chargeability high. Historic workings intersected massive sulfide mineralization, with high copper and elevated gold values.  Values to 4.75% Cu and 0.676 g/t Au were returned from samples collected in 2021.
     

  • Eagle Mountain Zone: A 700 m long, strong northeast-trending chargeability high, resistivity high, mag low that cross-cuts stratigraphy.  Possible porphyry target.
     

 

The most prominent feature of the IP survey is a large prominent resistivity low in the central part of the property.  Known copper-gold mineralization on the claims coincides with the margins of the large resistivity feature. Further exploration work will be conducted in this area to determine the causation of this feature and its relationship to the surrounding mineralization.

 

Iron Chief

The fall 2020 rock sampling and prospecting program was completed on the property prior to the IP survey.  A highlight of the rock sampling program was the confirmation of high gold values at the Iron Chief occurrence.  Historic workings at the Iron Chief occurrence follow a northeast-trending sulfide-rich quartz vein of unknown width that is spatially associated with a prominent monzonite dyke of similar orientation.   High gold and silver values, (sample 75903: 17.05 g/t Au, 619 g/t Ag; sample 75904: 4.86 g/t Au, 280 g/t Ag) along with elevated copper, lead and zinc, were returned from select grab samples from the dump of the historic workings.

  

Lady M

A further highlight of the prospecting program was the discovery of pyrite-chalcopyrite bearing garnet-epidote skarn (the Lady M Zone).  Mineralization is hosted by Triassic Brooklyn Formation limestone and calcareous sediments and is spatially associated with the northeast-trending monzonite dyke present at the Iron Chief occurrence, suggesting a possible common plumbing system between the two zones. Several historic prospect pits were located at the Lady M zone and anomalous gold and copper values were returned from select grab samples collected (sample 75934: 3.8 g/t Au, 0.45% Cu; sample 75928: 2.91 g/t Au; sample 75926: 1.41 g/t Au, 1.07% Cu).  

 

Betts

The Betts occurrence is the site of considerable historic workings, including a 251 m adit which intersected massive sulfide mineralization.   In 2021, high copper values, with elevated gold and silver, were returned from samples collected of mineralization in the dumps of the historic workings (sample75910, 4.75% Cu, 0.676 g/t Au, 34.4 g/t Ag).  Epithermal silicification and veining, as well as evidence of volcanogenic massive sulfide mineralization, was encountered in a 1998 drill hole located  approximately 100 m from the adit, making the Betts a compelling target for further exploration.  

All of the targets identified for drilling occur within Triassic Brooklyn Formation sediments, the same rocks that host copper-gold skarn mineralization at the Phoenix mine 6 km to the northwest. Except for a single 1998 drill hole near the Betts occurrence, none of these targets have been tested by drilling.  

 

Drilling

 A permit for drilling has been submitted to the Ministry of Energy, Mines and Low Carbon Innovation, with approval anticipated by Q1 2022 at which time drilling is planned to commence.

 

Rock Sampling Highlights

A total of 50 rock samples were collected, with results returning > 0.5 g/t gold or > 5000 ppm copper (0.5% copper) listed below.  

 

Sample

Area

Au_g/t

Ag_g/t

Cu_% or ppm

75903

Iron Chief

17.050

619.0

0.14%

75904

Iron Chief

4.860

280.0

88 ppm

75934

Lady M

3.800

6.4

0.45%

75928

Lady M

2.910

2.7

569 ppm

75926

Lady M

1.410

47.4

1.07%

75923

Hardy Mountain (Caledonia)

0.736

8.0

0.57%

75910

Betts

0.676

34.4

4.75%

75920

Hardy Mountain (Brown’s)

0.509

5.8

0.93%

75909

Betts

0.458

18.5

2.36%

75918

Hardy Mountain (NE Brown’s)

0.267

19.9

1.08%

75912

Hardy Mountain (Brown’s)

0.264

25.5

0.40%

75937

SE Zone

0.106

4.8

0.77%

75915

Hardy Mountain (Brown’s)

0.099

3.9

0.79%

 

Rock samples described in this release were shipped to ALS Canada Ltd. in Kamloops, B.C., followed by analysis at ALS’s North Vancouver laboratory.   ALS is an ISO 17025 accredited laboratory. Samples were crushed to 70% passing 2mm, then a 250 g split was pulverized to 85% passing 75 µm.  Multi-element analysis was by method ME-ICP61 (ICP-AES analysis following four acid digestion).  Samples that returned overlimit values for copper or silver by ICP were assayed by method OG62 (ore grade assay by ICP-AES. following four acid digestion). Gold analyses were by fire assay/AA finish on a 30 gram sample (method Au-AA23, Au-AA-25).  Samples described in this release were grab samples collected from outcrop, subcrop or from the dumps of historic workings. The reader is cautioned that grab samples are designed to show the presence or absence of mineralization, and results are not necessarily indicative of average grade.  A quality control/quality assurance program was implemented during the rock sampling program described in this release, including independently inserting blanks and standards of certified grade into the sample sequence.

 

Results for 2006 rock samples included on maps that form part of this news release are from an original laboratory certificate contained in Assessment Report #28542.  Samples were collected by employees of Teck Corp. during a site visit to the property and were analysed for gold by FA and for a multi-element suite by ICP, following aqua regia digestion.  

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 Linda Caron, P.Eng. Ms. Caron is independent of Belmont Resources Inc.

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.

 

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
       


Click Image To View Full Size

 

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

Author: Author

Today’s News

Snowline Gold Strengthens Technical Team and Issues Incentive Stock Options

VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / SNOWLINE GOLD CORP. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce the strengthening…

VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / SNOWLINE GOLD CORP. (CSE:SGD)(OTCQB:SNWGF) (the “Company” or “Snowline“) is pleased to announce the strengthening of its technical management team in preparation for a highly active 2022 field season.

Thomas Branson, P.Geo., joins the Company as its Exploration Manager. Mr. Branson brings over 15 years’ industry experience to the Snowline team, having helped to organize and manage more than $55M in exploration expenditures and over 180,000 metres of drilling. His experience spans several continents but is focused in BC and the Yukon. A registered professional geologist with Engineers and Geoscientists British Columbia, Mr. Branson holds a B.Sc. in Earth and Ocean Science from the University of British Columbia and an M.Sc. in Exploration Geology from Rhodes University in South Africa.

Steve Rennalls joins the Company as its Operations Manager. Mr. Rennalls’ has worked on the Einarson project in various capacities during four exploration seasons, including most recently with Snowline Gold in 2021 as Camp Manager and logistics manager for the Einarson, Rogue, Ursa, Rainbow and Tosh projects. Mr. Rennalls’ background is in marketing, and his acumen, enthusiasm, and lateral thinking in logistics demonstrated during the 2021 field program reinforce his promise in this essential management role. Mr. Rennalls holds a B.Com. from McMaster University and an M.Sc. Admin. from Concordia University.

STOCK OPTIONS

In addition, the Company announces that the Board of Directors of the Company has granted a total of 1,190,00 incentive stock options to various employees, consultants, directors, and officers of the Company. The options are exercisable for one share each at $0.55 per share for a period of five years and are subject to the terms of the Company’s Stock Option Plan. Options to certain management, consultants and insiders are subject to vesting provisions of 20% every six months from the date of the grant.

FORTHCOMING RESULTS

The Company still awaits drill core assay results for its four drill holes drilled on the Rogue Project’s Valley Zone in 2021. All four holes at Valley intersected trace amounts of visible gold in drill core.

In hole V-21-001, the first hole drilled at Valley, sheeted quartz veins were observed across its entire 161 m length. Thirty-one of the many veins observed in this hole contained trace amounts of visible gold, with up to five gold grains observed in a given vein. Visible-gold bearing veins were distributed roughly evenly across the length of the hole.

Valley is a reduced intrusion-related gold target that presents a bulk-tonnage gold exploration model where gold is hosted in widespread arrays of centimetre-scale sheeted quartz veins within and around a felsic intrusion. Valley is a new discovery, and the 2021 drill program represents the first ever drill testing of the target.

QA/QC AND QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >100,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold‘s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
[email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SOURCE: Snowline Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/684721/Snowline-Gold-Strengthens-Technical-Team-and-Issues-Incentive-Stock-Options

drill results
drilling
drill program
cse-sgd
snowline-gold-corp
stock options
press-release

Continue Reading

Today’s News

Brascan Gold Increases Private Placement from $2.4M to $3.6M Due to Strong Demand from Strategic Investors and Existing Shareholders

Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Brascan Gold Inc. (CSE: BRAS) ("Brascan" or the "Company") is pleased to announce that…

Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Brascan Gold Inc. (CSE: BRAS) (“Brascan” or the “Company”) is pleased to announce that it is increasing the maximum amount of its non-brokered private placement from $2.4 million to $3.6 million due to strong demand from strategic investors and existing shareholders. Each private placement Unit consists of one (1) share (each, a “Share”) and one-half-of-one (1/2) transferable Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional Share of the Company for a period of two (2) years from closing at a price of $0.40 per Share.

Balbir Johal, Director and CEO, stated, “Due to market demand for our $0.30 unit offering, Brascan has increased the $ 2.4 million financing to $ 3.6 million,” and further commented, “This financing will enable Brascan to develop the Alegre Gold Project and acquire additional promising gold properties in Brazil. This project is near established infrastructure and located on the same gold mineralization trend as Goldmining Inc.‘s advanced Cachoeira gold project 15 km to the north as well as Oz Minerals’ CentroGold Project 30 km to the south (considered one of Brazil’s largest undeveloped gold projects). Other adjacent neighbors to the Alegre Gold Project include Kinross Brasil Mineração and IAM Gold Corp.”

In addition to funding the acquisition and development of the properties in Brazil, the Company intends to use the flow-through proceeds from a previous Private Placement towards exploration expenditures at the Company’s Black Cat and Middle Arm Fault properties located in the mine-friendly region of Baie Verte, Newfoundland. The province of Newfoundland and Labrador is ranked among the top 10 mining jurisdictions worldwide by the Fraser Institute. The Baie Verte district in northwestern Newfoundland boasts excellent infrastructure, including a deep water port facility in Pine Cove, a local assay laboratory, local mining and drilling contractors, high transmission lines, easy access to supplies, a regional airport and local hospitals, schools and hotels.

About Brascan Gold Inc.

The Company is a gold exploration issuer based in Vancouver, BC. The Company holds an option over the Vulcan Property, located in the Fort Steele Mining Division in southeastern BC and the Middle Arm Fault and Black Cat properties, located 30 km. and 40 km. south, respectively, of the town of Baie Verte, Newfoundland. The Company also holds an option over the Alegre project in Pará state in northeastern Brazil. For more information, investors should review the Company’s filings that are available at www.sedar.com.

Contact Information
Balbir Johal
Director and CEO
Telephone: 604 812 1747
Email: [email protected]

Forward-Looking Statements

This news release contains certain forward-looking statements that are “forward-looking information” within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the terms of the consulting arrangement are “forward-looking information”. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110910








Author: Author

Continue Reading

Today’s News

Advance Notice Policy Adoption

Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa")…

Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the “Company” or “Casa”) is pleased to announce that it has adopted an advance notice policy (the “Advance Notice Policy“), establishing a framework for advance notice of nominations of directors by shareholders of the Company.

The Advance Notice Policy, among other things, seeks to fix a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or certain special meetings of shareholders and sets forth the information required to be provided by a nominee director that a shareholder must include in the notice to the Company for the notice to be in proper written form.

The Advance Notice Policy is intended to, among other things: (i) facilitate an orderly and efficient Annual General or Special Meeting process; (ii) ensure that shareholders receive adequate notice of director nominations and sufficient information regarding all director nominations; and (iii) allow shareholders to cast an informed vote after having been afforded reasonable time for consideration.

The following notice requirements will apply for all Annual General or Special Meetings of shareholders of the Company:

  • In the case of an annual meeting of shareholders, notice of a director nomination must be given to the Company not less than 30 nor more than 65 days prior to the date of the annual meeting of shareholders; provided, however, that in the event that the annual meeting of shareholders is called for a date that is less than 50 days after the date (the “Notice Date“) on which the first public announcement of the date of the annual meeting was made, notice by the nominating shareholder may be made not later than the tenth (10th) day following the Notice Date.
  • In the case of a special meeting of shareholders (which is not also an annual meeting) called for the purpose of electing directors (whether or not called for other purposes), notice of a director nomination must be given to the Company no later than the fifteenth (15th) day following the day on which the first public announcement of the date of the special meeting of shareholders was made.
  • The Advance Notice Policy is effective immediately and will be placed before shareholders for ratification and approval at the Company’s next annual general and special meeting of shareholders (scheduled to be held in May of 2022). In the event that shareholders determine not to ratify the Advance Notice Policy by ordinary resolution, the Advance Notice Policy shall terminate and be void and of no further force and effect following the termination of the Meeting.

A copy of the Advance Notice Policy, in its entirety, is available under the Company’s profile at www.sedar.com and included in the Company’s Articles and website.

About Casa Minerals Inc.

The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the USA. The Company owns a one hundred percent (100%) interest in the polymetallic Pitman and Keaper properties (BC, Canada), has an option to acquire a seventy-five percent (75%) interest in the Arsenault VMS Property (BC, Canada), and owns ninety percent (90%) interest in the Congress gold mine from 40 feet depth and beyond, subject to a 1.5% Net Smelter Royalty (Arizona, USA). This historic high-grade gold producing mine has not been explored or produced since 1992.

For further information, please contact:

On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO

For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 678-9587
Email: [email protected]
https://www.casaminerals.com

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.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110901






Author: Author

Continue Reading

Trending