INDUCED POLARIZATION SURVEY IN PROGRESS ON BERTHIAUME PROPERTY-ABITIBI, QUEBEC
Vancouver, B.C. Canada, December 11, 2012 – Belmont Resources Inc. (“Belmont”, the “Company” or “BEA”) is pleased to update the progress on the Berthiaume (the “Be”) property.
Expo-Logik Inc. of Quebec was contracted and recently completed 51.8 km. of line cutting in three separate blocks on the Be property. This provided the base lines for the next phase of exploration work.
The Company has now contracted Geosig Inc. of Quebec to perform the induced polarization (TDIP) geophysical survey with a dipole-dipole electrode configuration on the three areas line cut, and as recommended in the NI 43-101 Report to establish the potential of the structural features of the property. The IP survey is underway and is expected to be completed this month. A provision for drilling has been budgeted to test the IP anomalies expected from the IP survey interpretation.
Property Location & Access
The Be Property is located halfway between the towns of Matagami and Lebel-sur-Quevillon, Abitibi, Quebec. It consists of two designated claim blocks of eight claims covering 447.84 ha (West Block) and 23 claims covering 1,287.56 ha (East Block).
About Belmont Resources Inc.
The Company has recently entered into a property option agreement to acquire four groups (51) mineral claims, representing 2,254.27 hectares located in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone of Northwestern, Quebec. This belt hosts several world class deposits that have produced both gold and base metals.
In February 2010 the Company 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” gold 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.
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.