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Vancouver, B.C. Canada, July 6, 2021; Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSX.V: BEA; FSE: L3L2) is pleased to announce that it has secured the services of Frontier Geosciences (“Frontier”) to conduct an 3D-IP Survey on the CBC copper-gold porphyry project in the Greenwood mining camp of southern British Columbia.
The IP geophysical survey will advance the CBC project to the drill ready stage by mapping the chargeability/resistivity signatures of both the skarn copper mineralization and the adjacent suspected deeper copper-gold porphyry system which is believed to be the likely fluid source for the Cu-Au skarn mineralisation.
The survey is planned to start the week of July 19, 2021.
George Sookochoff, President & CEO commented “When we originally optioned the CBC property last year, we believed we were acquiring a major copper-gold skarn property similar to the copper-gold skarns of the nearby Phoenix Mine which produced over 500 million pounds of copper and over 1 million ounces of gold.
It was only when we flew a low level magnetic survey over the property did we realize that we may have something much bigger than we had originally bargained for – a copper-gold porphyry as well, which is likely linked to the skarn zone. This is potentially the first porphyry system detected in the Greenwood mining camp which is considered to be one of the most concentrated mineralized areas in British Columbia.
About Belmont Resources Inc.
Belmont Resources is engaged in the business of acquiring and developing gold-copper-lithium projects located in North America. By utilizing new exploration technology and geological modelling the company is identifying new potential sources of gold-copper-lithium mineralization.
The Company’s project portfolio includes:
- Athelstan & Jackpot Gold mines, C. (Athelstan-Jackpot property (100%)
- Kibby Basin Lithium Project, Nevada (100%)
Increased land position by 500% covering most of Kibby Basin
- Betts Copper-Gold mine, B.C. (Come By Chance property – 100%)
Potential copper/gold porphyry and epithermal type deposit of a bonanza gold-bearing zone.
- Bertha & Pathfinder Gold-Silver mines,C. (Pathfinder property – 100%)
Property surrounded by Kinross Gold – 5th largest gold producer in world
- Lone Star Copper-Gold mine, Washington State (Lone Star Property – LOI)
Historic copper gold producer with historic resource (2007)
Laurence Sookochoff, P.Eng. is the qualified person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
George Sookochoff, CEO/President
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.