Crackingstone – Uranium

Beaverlodge Uranium District, North Shore Lake Athabasca, 100%

Where uranium mining started in Canada

and where Belmont continues to make new discoveries utilizing new technology.

Belmont Resources Submits Permit To Drill 10,000m At 100% Owned Crackingstone Uranium Project, North Saskatchewan

June 18, 2024 -Vancouver, B.C., Canada; Belmont Resources Ltd. is pleased to announce a comprehensive 40 drill holes, totaling up to 10,000 metres over the next 2 years drill permit for its 100% owned Crackingstone Uranium Property situated in the Uranium City district of North Saskatchewan, has been submitted to the Fish, Wildlife and Lands Branch, Saskatchewan Ministry of Environment.

Crackingstone-uranium-2024-drill-targets

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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

CBC-Mag-plan-with-sec
CBC-Resistivity-plan-with-section
CBC-Chargeability-plan-with-section

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.

AJ South Zone Cross Section

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.