BELMONT STAKES AN ADDITIONAL 4,260 ACRES ADJOINING ITS KIBBY BASIN, NEVADA CLAIMS
Vancouver, B.C. Canada, July 11, 2016 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; OTC: BEAAF.PK) ("Belmont", or the "Company"). Further to recommendations of James Wright - Wright Geophysics and Mr. Hunsaker III, Consulting Geologist the Company has arranging the staking of 213 x 20 acre additional placer mineral claims totaling approx. 4,260 acres (1724 ha), increasing the total Kibby Basin land position (the "Property") to 6,820 acres (2760 ha). The Property is located 65 km north of Clayton Valley, in Esmeralda County, Nevada. The claims are 35.8 direct air miles northwest of Tonopah, Nevada. The Kibby property is located in Kibby Flat, which is the geographic name for the playa in the lowest portion of the Monte Cristo Valley.
The Property potential to host lithium-bearing brines in a geologic setting similar to the continental brine model ascribed to Clayton Valley, has been further enhanced by the results of the recently completed gravity survey.
Kibby Basin staking
As a result of the positive results returned from the gravity survey, James Wright - Wright Geophysics and Mr. Hunsaker, Consulting Geologist recommended extending the land position east to cover the major structure bounding the basin’s east side; and to the north-northeast to cover a portion of the deep part of the basin where it extends northward from the original Kibby claims. The gravity survey identified several significant structures that juxtapose rocks of differing densities that are most likely basin-fill sediments faulted against the basement rocks. Drilling and sampling are now being planned as the next phase of exploration work.
NI 43-101 Disclosure:
Ernest L. Hunsaker III, CPG 8137, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2016; and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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