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Crackingstone – Uranium + Rare Earths (REE’s)
Beaverlodge Uranium District, North Shore Lake Athabasca, 100%
A promising opportunity for uncovering a significant Uranium deposit,
combined with the potential for a major Rare Earth discovery.
Uranium
Faults: Most of the uranium deposits are associated with faults as the faults provide ample fractured ground for hosting uranium mineralization.
Electromagnetic (EM) conductors: mark graphite in the basement rocks and graphite is key for finding uranium in the Athabasca basin.
Uranium: Uranium mineralization associated with Faults/EM conductive zones or corridors.
Many large uranium deposits are associated with graphite-rich faults, which are thought to have acted as near-ideal traps for triggering deposition of unusually large and high-grade ore zones.
Rare Earths (REE’s)
In REE exploration, areas where thorium anomalies, pegmatitic intrusions, and fault zones intersect are considered prime targets for discovering economically viable REE deposits.
Thorium is often associated with rare earth elements because they tend to occur together in certain types of minerals and geological environments.
Thorium serves as a geochemical pathfinder for locating REE-rich areas, while pegmatites provide a geological context for their concentration.
Pegmatites are intrusive igneous rocks known for their coarse-grained texture and are often enriched in rare elements, including REEs, lithium, tantalum, niobium, and thorium.
Faults and fractures play a significant role in REE exploration because they can act as pathways for hydrothermal fluids, which transport REEs, thorium, and other metals.
Come By Chance – Copper-Gold Porphyry Target
A Classic Geophysical Porphyry Signature
We see patterns in the magnetics, conductivity, and chargeability that are consistent with typical zoning of a large porphyry system, including a magnetic low and conductive core surrounded by a strong chargeability halo.
Magnetics
IP-Resistivity
IP-Chargeability
The porphyry core forms a pronounced magnetic low which is also consistent with the expected alteration in the core that is ringed by a strongly magnetic high that is related to a pyrrhotite-bearing halo to the porphyry centre
High grade cores of porphyry copper systems can often have highly conductive copper sulfide vein networks of ~1-3% copper sulfides surrounded by a highly chargeable halo of up to 10% disseminated pyrite.
A pyrite halo surrounds the porphyry core and contains 5-15% pyrite.
Athelstan Jackpot – Gold
Southern British Columbia, 100%
- The A-J property contains 2 past producing gold mines – the Athelstan and Jackpot.
- Historic Production: 7,600 oz Au & 9,000 oz Ag
- Extensive surface gold surface mineralization along 1.5km gold trend.
- 2023 drill results from Athelstan gold mine area drilling indicates peripheral alteration zone to a potential deep-seated copper-gold porphyry
- Only 1.5kms to 200 tpd toll mill
Extensive high grade gold at surface.
2023 drilling investigation source.
Belmont has optioned out two of its secondary properties.
Over $6M in total has been spent on the two properties by the optionee with no dilution
to Belmont shareholders and no exposure to risk.
Lone Star Copper-Gold
Washington State – JV Partner MQR 50%/BEA 50%
- Optioned 50% to Marquee ASX.MQR.
Terms:
– $504,000 cash payments; $2.55M Work Program; 3M MQR Shares
– Produce a Preliminary Economic Assessment on the project - Marquee has now earned 50%
Kibby Basin Lithium
Nevada – JV Partner MQR 80%/BEA 20%
- Optioned 80% to Marquee ASX.MQR.
Terms:
$100,000 cash, 3M MQR shares, $2.5M expenditures. - Belmont is exclusively premitted for water over entire Kibby basin. (a very precious commodity in the Clayton Valley & Kibby basins)
- Drilling deep seated potential lithium brine target
- Mineralised intervals containing up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of 450m have been identified in core samples of clay-rich playa
sediments.
