BELMONT REVISITS “ORBIT-CRACKINGSTONE, URANIUM CITY, SASK.
Vancouver, B.C. Canada, September 22, 2011 – Belmont Resources Inc. (“Belmont”, the “Company” or “BEA”) and its 50% j.v. partner, International Montoro Resources Inc. (TSX.V –IMT) have returned to the Orbit-Crackingstone property (12,091 ha) to conduct a further sampling program.
Objective of the Sampling Program
The objective of the sampling program is to collect representative channel samples from the radiometric anomalies indentified as Targets “A”, “B”, “C” and “D”. These samples will be analyzed for uranium, thorium, light and heavy rare earth elements, multi-elements and for whole rock analysis.
Airborne radiometric, electromagnetic and magnetic surveys were conducted on the Orbit Lake and Crackingstone properties in 2007-2008 by Aeroquest International Limited and MPX Geophysics Ltd.
The airborne radiometric survey outlined several significant NE linear radiometric (U) anomalies. Three of the radiometric anomalies transect the property from the southwest corner at Orbit Bay to the northeast corner of the claim group at Orbit Lake.
Orbit Lake Property
Orbit Lake Radiometric Anomaly –Target A:
This anomaly trends northeast for over 3 km along the northwest shores of Orbit Lake on the NE portion of the Orbit property and is located 1.5 km up-strike from a uranium bearing showing located at the northeast end of Augier Lake. Both the Augier Lake showing and the Orbit west shore radiometric anomaly is located on the west side of the prominent NE trending Orbit Fault.
Orbit Uranium Developments Limited (“OUDL”) investigated a radioactive pegmatite north of Augier Lake, near the southwest end of Orbit Lake. Colin S. Johnson reported for OUDL in 1952 a pegmatite ranging in width from 20 to 50 feet wide with plentiful uranium staining everywhere “with good Geiger kicks”. He also reports on an Augier Lake showing a 300 pound sample assaying 0.69% U3O8. The Augier Lake showing was drill tested for 300 feet and averaged 0.336% U3O8 over 2.6 feet. The Augier Lake showing forms part of the south-westerly extension of the strong radiometric anomaly located along the northwest shores of Orbit Lake.
Orbit Bay Radiometric Anomaly – Targets “B”
A prominent radiometric anomaly is located in the southwest portion of the property 200 to 300 meters northwest of Orbit Bay. The northwest anomaly has a strike length of approximately 2 km and is located between Orbit Bay to the south and Triangle Lake to the north. OUDL sampled a showing in the same vicinity of the anomaly detected in the recent survey. OUDL reported in 1952 in a report by Colin S. Johnson representative samples over a width of 75 feet assaying 0.2% to 0.5% U3O8. This showing was described by Johnson (1951) as being contained in a pegmatite similar to that reported on the northwest shores of Orbit Lake. Johnson also reported samples taken from shear zones to the east assaying from 2.42% to 26.24% U3O8.
Orbit Bay East Radiometric Anomaly – Target “C”
A third strong radiometric anomaly was located in the airborne survey on the east shores of Orbit Bay, which will also be followed up. The east, northeast radiometric anomaly has a projected strike length of over 3 km trending northeast from the north shores of Lake Athabasca.
Spot Lake Radiometric Anomaly – Target “D”
A fourth target “D” was selected for sampling located southeast of Spot Lake on the Crackingstone property on claim #S-108022. The airborne survey also identified a strong NE trending radiometric anomaly between the Spot Lake and Chance Lake fault. Historical exploration and more recent work by the above mentioned JV partners has confirmed uranium mineralization in NE and NW trending lineaments. The northeast end of this anomaly trend is host to the former Rix-Smitty Uranium Mine which was hosted in a NW striking structure. The proposed sampling site at this target is in a NW and NE structure.
This press release has been reviewed and approved by Raymond A. Bernatchez, P.Eng. Consulting Geologist and a qualified person as defined in Ni 43-101.
About Belmont Resources Inc.
Belmont has recently entered into an option to acquire 100% interest in 3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property located approximately 35 km. northeast of the town of Atikokan and adjoining on strike to the north-northeast with the Osisko Mining Corp. (former Brett Resources Inc.) “Hammond Reef” deposit.
Belmont (50/50) with International Montoro Resources Inc. has acquired and explored two significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City District in Northern Saskatchewan. The Company also holds interests (50/50 with Int. Montoro Res.) in one rare earth mineral and one uranium claim block in the Central Mineral Belt in Labrador.
Further information can be obtained from the Company website at www.BelmontResources.com and www.Sedar.com, or by phoning 604-683-6648.
ON BEHALF OF THE BOARD OF DIRECTORS
The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.