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.

Crackingstone-Region Uranium Mines

Situated on the prolific Black Bay Shear Zone

Several faults which host past producing uranium mines converge on the property.

Advanced Radiometric Airborne survey delineates high grade uranium anomalies.

Crackingstone-Uranium

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Historic grab samples at uranium showings (%U3O8); Beck 93 – 12.53%; Beck 102 – 5.2%; Beck 91 – 2.86%

Belmont 2008 drill program intercepted uranium in all 20 holes. Drilling DH-C14 intercepted 2.09% U3O8 over 0.3 m and 0.87% U3O8 over 0.5 m within 1.18% U3O8 over 0.9 m from 49.1 to 50.0 m.

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
Belmont Resources completes drilling on AJ gold project

Watch A-J Gold Project Video

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.