Belmont Stakes Additional Claims and Commissions Exploration Drilling Program Budget on Berthiaume Property-Abitibi Greenstone Belt, Northwestern, Quebec
18.03.2013 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 18, 2013) - Belmont Resources Inc. ("Belmont", the "Company") (TSX VENTURE:BEA) (PINKSHEETS:BEAAF) (FRANKFURT:L3L) - Further to our news release dated February 12, 2013 and very encouraging results of the Induced Polarization ("IP") geophysical survey completed on the Berthiaume (the "Be") property, and following recommendations of the consulting engineer, the Company has arranged the staking of two additional claims (approx. 112 ha) on the West Block and directly north of the West Grid.The Company has also commissioned a drilling, sampling budget comprising approximately 1800 metres of NQ diamond drilling.
The Company is considering commencing this exploration program immediately after spring breakup.
About Belmont Resources Inc.
In June 2012, the Company entered into a property option agreement to acquire four groups of mineral (51) claims, representing 2,254.27 hectares in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone of Northwestern, Quebec. This belt hosts several world- class deposits that have produced both gold and base metals.
The Company has just recently fulfilled the final terms of the February 2010 option agreement and have now acquired a 100% interest in 3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property located approximately 35 km. northeast of the town of Atikokan. The property adjoins the "Hammond Reef" gold deposit, belonging to Osisko Mining Corp. (former Brett Resources Inc.), along strike to the north-northeast.
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring two significant uranium properties (Crackingstone -982 ha & Orbit Lake - 11,109 ha) in the Uranium City District in Northern Saskatchewan.
Further information can be found on the Company's website at www.BelmontResources.com and on www.Sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, Corp. Secretary/CFO/Director
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.
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.
Contact
Belmont Resources Inc.
604-683-6648
604-683-1350 (FAX)
belmontr@telus.net
www.BelmontResources.com