Come By Chance – Gold-Copper

“Our systematic 2021 exploration program on the CBC property has resulted in the delineation of some very high priority drill targets for our upcoming drill program. We are very excited to now advance the CBC to the next important stage of exploration and that is putting the drill in the ground.”George Sookochoff, President and CEO of Belmont Resources.

Belmont Identifies Five Priority Drill Targets From IP Survey 
on Its Flagship CBC Property

Belmont announced the results from the fall 2021 program of 3D Induced Polarization (3D IP), prospecting and rock sampling on the company’s 100% owned CBC Property near Grand Forks, Southern British Columbia.  The 3D IP Survey was completed by Frontier Geoscience and tested a 478 hectare area that covered the majority of the property.

Highlights include:

  • 5 high priority targets have been identified for follow-up diamond drilling
  • High gold values were confirmed from Iron Chief occurrence, 17.05 g/t Au and 619 g/t Ag
  • High copper values and elevated gold were confirmed from the Betts occurrence, 4.75% Cu and 0.676 g/t Au
  • A new area of copper-gold skarn mineralization was discovered, with values including 8 g/t Au with 0.45% Cu and 1.4 g/t Au with 1.07% Cu (Lady M Zone), which coincides with one of the IP targets

Drill Targets Identified for Diamond Drilling:

CBC-Resistivity - chargeability - Magnetic maps

Hardy Mountain Zone: A 400 m long strong northeast-trending chargeability and resistivity high, with a corresponding mag low signature, located near the Brown’s and Caledonia showings. The geophysical target extends from surface to the depth limit of the survey (300 m). Elevated gold and copper values were returned from rock samples at the Brown’s and Caledonia showings.

  • Lady M Zone: An arcuate shaped, east-west trending, stratigraphically controlled, moderate chargeability high at the “Phoenix horizon”.  Values to 3.8 g/t Au and 0.45% Cu were returned from skarn samples in this area.
  • Iron Chief Zone: A northeast-trending zone of sulfide-rich quartz veining.  Values to 17.05 g/t Au, 619 g/t Ag were returned from rock samples collected.
  • Betts Zone: A strong chargeability high. Historic workings intersected massive sulfide mineralization, with high copper and elevated gold values.  Values to 4.75% Cu and 0.676 g/t Au were returned from samples collected in 2021.
  • Eagle Mountain Zone: A 700 m long, strong northeast-trending chargeability high, resistivity high, mag low that cross-cuts stratigraphy.  Possible porphyry target.

The most prominent feature of the IP survey is a large prominent resistivity low in the central part of the property.  Known copper-gold mineralization on the claims coincides with the margins of the large resistivity feature. Further exploration work will be conducted in this area to determine to causation of this feature and its relationship to the surrounding mineralization.

Iron Chief

The fall 2020 rock sampling and prospecting program was completed on the property prior to the IP survey.  A highlight of the rock sampling program was the confirmation of high gold values at the Iron Chief occurrence.  Historic workings at the Iron Chief occurrence follow a northeast-trending sulfide-rich quartz vein of unknown width that is spatially associated with a prominent monzonite dyke of similar orientation.   High gold and silver values, (sample 75903: 17.05 g/t Au, 619 g/t Ag; sample 75904: 4.86 g/t Au, 280 g/t Ag) along with elevated copper, lead and zinc, were returned from select grab samples from the dump of the historic workings.

Lady M

A further highlight of the prospecting program was the discovery of pyrite-chalcopyrite bearing garnet-epidote skarn (the Lady M Zone).  Mineralization is hosted by Triassic Brooklyn Formation limestone and calcareous sediments and is spatially associated with the northeast-trending monzonite dyke present at the Iron Chief occurrence, suggesting a possible common plumbing system between the two zones. Several historic prospect pits were located at the Lady M zone and anomalous gold and copper values were returned from select grab samples collected (sample 75934: 3.8 g/t Au, 0.45% Cu; sample 75928: 2.91 g/t Au; sample 75926: 1.41 g/t Au, 1.07% Cu). 

Betts

The Betts occurrence is the site of considerable historic workings, including a 251 m adit which intersected massive sulfide mineralization.   In 2021, high copper values, with elevated gold and silver, were returned from samples collected of mineralization in the dumps of the historic workings (sample75910, 4.75% Cu, 0.676 g/t Au, 34.4 g/t Ag).  Epithermal silicification and veining, as well as evidence of volcanogenic massive sulfide mineralization, was encountered in a 1998 drill hole located  approximately 100 m from the adit, making the Betts a compelling target for further exploration

All of the targets identified for drilling occur within Triassic Brooklyn Formation sediments, the same rocks that host copper-gold skarn mineralization at the Phoenix mine 6 km to the northwest. Except for a single 1998 drill hole near the Betts occurrence, none of these targets have been tested by drilling. 

Drilling

 A permit for drilling has been submitted to the Ministry of Energy, Mines and Low Carbon Innovation, with approval anticipated by Q1 2022 at which time drilling is planned to commence.

Rock Sampling Highlights

A total of 50 rock samples were collected, with results returning > 0.5 g/t gold or > 5000 ppm copper (0.5% copper) listed below.  

 

Sample

Area

Au_g/t

Ag_g/t

Cu_% or ppm

75903

Iron Chief

17.050

619.0

0.14%

75904

Iron Chief

4.860

280.0

88 ppm

75934

Lady M

3.800

6.4

0.45%

75928

Lady M

2.910

2.7

569 ppm

75926

Lady M

1.410

47.4

1.07%

75923

Hardy Mountain (Caledonia)

0.736

8.0

0.57%

75910

Betts

0.676

34.4

4.75%

75920

Hardy Mountain (Brown’s)

0.509

5.8

0.93%

75909

Betts

0.458

18.5

2.36%

75918

Hardy Mountain (NE Brown’s)

0.267

19.9

1.08%

75912

Hardy Mountain (Brown’s)

0.264

25.5

0.40%

75937

SE Zone

0.106

4.8

0.77%

75915

Hardy Mountain (Brown’s)

0.099

3.9

0.79%

 

The CBC Property

Belmont Resources’  Come By Chance property is located three kilometres northwest of Grand Forks and three kilometres southeast of the past productive Phoenix mine in the southern Interior of British Columbia, Canada.

Although the Phoenix mine was the major producer, some of the smaller mines were also productive from a number of different types of deposits. From 1900 to 1975 production from these 26 principal mines was, in addition to a significant amount of lead, silver, and zinc, 270,945 tonnes of copper and 38,378 kilograms of gold (Church, 1986).

The CBC Property is on a comparative geological trend and hosting skarn. epithermal, volcanogenic, and massive sulphide mineralization similar to the Phoenix deposit

Historic exploration stems from the late 1890’s with the exploration evident in the many trenches, pits, adits, and shafts that were developed in the search for a Phoenix type copper/gold skarn mineral deposit as indicated by the focus of exploration in the Betts area where a large area of skarn mineralization was defined.

Belmont Resources Properties Map

Belmont Properties
Greenwood-Republic Mining Camp

CBC-Quesnellia-Terrane

Quesnellia Trough, British Columbia

Lidar Survey & Mineralized Showings

Belmont Files 43-101 Tech Report on Come By Chance Copper-Gold Project