Belmont Announces Drilling Underway at Come By Chance
Belmont Announces Drilling Underway at Come By Chance
Vancouver, B.C. Canada, June 25, 2025; Belmont Resources Inc. (“Belmont”), (or the “Company”),
(TSX.V: BEA; FSE: L3L2) is pleased to report that drilling is now underway on its Come By Chance (CBC)
Copper-Gold porphyry/CRD target project. The 2025 program is expected to consist of 2,000 metres of
drilling and is fully funded.
CBC Property: A Compelling Porphyry-CRD System
The CBC property displays all the hallmarks of a significant porphyry copper-gold system with exciting
CRD (Carbonate Replacement Deposit) potential, representing a prime exploration opportunity in
southern British Columbia's prolific Quesnel Terrane.
Dual-System Evidence
The CBC property demonstrates compelling geological characteristics supporting both models:
Porphyry Indicators:
• 2022 drilling confirmed porphyry-style alteration, veining and mineralization across a substantial area.
Extensive propylitic alteration halos encountered in all 2022 drill holes, a classic signature of porphyry
systems.
• Significant pyrite mineralization (up to 20%) forming potential halos around a concealed porphyry
core.
• Geophysical signatures showing characteristic zonation patterns around a potential mineralized
center.
CRD-Skarn Potential:
• Brooklyn Formation limestone units providing ideal host rocks for replacement mineralization.
• Monzonite & syenite intrusions serve as potential sources of metal-bearing hydrothermal fluids.
• Major structural controls (Eagle Fault and Lind Creek Fault) acting as fluid conduits.
• High-grade surface samples (up to 17.05 g/t Au and 6.74% Cu) indicating robust mineralization.
NEWS RELEASE
June 25, 2025
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
• Skarn alteration assemblages identified in 2022 drilling.
2022 drill results along with geophysical data clearly vectors toward the potential heart of this system
which is the focus of our 2025 drill program. Our systematic exploration approach continues to build
evidence for a potentially significant discovery at the intersection of these complementary
mineralization styles.
2025 Drill Program
CBC 2025 Drill Targets with Prospective Drill Holes
Initially, five target areas were chosen to most effectively evaluate the “Porphyry/CRD” model, with a
total of nine drill holes planned to test these targets.
CBC Selected 2025 Phase I Drill Holes
Five of the nine planned drill holes were chosen for the Phase I program, totaling 2,000 meters of
drilling.
Drilling Update
Drill holes CBC25_01 and CBC25_02 have now been completed and are currently being logged. The drill
rig is now relocating to Drill Pad #3, where CBC25_03 and CBC25_04 will be drilled.
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
Planned Drill Holes CBC25_03 & 04 over IP-Chargeability
Planned Drill Holes CBC25_03 & 04 over IP-Resistivity
Planned Drill Holes CBC25_03 & 04 over Magnetics
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
Annual/Special General Meeting Set
The Company also announces that it has set its annual/special general meeting to be held in Vancouver,
BC on September 3, 2025 (the “Meeting”). The record date has been set at July 25, 2025.
The Company has elected to use the “notice and access” provisions under National Instrument 54-101 –
Communication with Beneficial Owners of Securities of a Reporting Issuer (the “Notice and Access
Provisions”) for the Meeting. The Notice and Access Provisions are a set of rules developed by the
Canadian Securities Administrators intended to reduce the volume of materials which are mailed to
shareholders by allowing a reporting issuer to post proxy-related materials in respect of a meeting of its
shareholders online.
The Company anticipates the notice and access will directly benefit the Company through substantial
reductions in postage and printing costs. The Company believes that notice-and-access is more
environmentally responsible to the extent that it reduces the large volume of paper documents
generated by printing proxy-related materials.
Shareholders with questions about notice and access can call Olympia Trust Company toll-free at 1-866-
668-8379.
The Meeting materials will be posted on the Company’s website at https://belmontresources.com/agm-
2025/ and on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) under the
Company’s profile at www.sedarplus.ca. To receive a paper copy of the Information Circular and
Financial Statements, requests by shareholders may be made up to one year from the date the
Information Circular is posted on the Company’s website by email to Olympia Trust Company at
[email protected] or by calling toll-free at 1-866-668-8379.
About Belmont
Click image to enlarge
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
Belmont has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earths
projects located in British Columbia, Saskatchewan, Washington and Nevada States.
Flagship projects:
Come By Chance (CBC) Property: A Compelling Porphyry-CRD System
Athelstan-Jackpot (A-J) Gold – British Columbia:
• A-J Gold Project, which includes two past producing gold mines—Athelstan and Jackpot—that yielded
7,600 ounces of gold and 9,000 ounces of silver (Minfile 082ESE047). Key highlights of the project
include:
• Extensive Surface Gold Mineralization : A 1,500-meter gold trend with widespread surface gold
mineralization has been identified.
• Potential Resource Estimate: Previous trenching and sampling suggest a potential resource of 2,000
to 5,000 ounces of gold in surfac e and near-surface mineralized areas (2002 Summary Report by R.E.
Miller, P.Geo).
• Exploration Focus : B e l m o n t i s i n v e s t i g a t i n g t h e p o t e n t i a l f o r e c o n o m i c g o l d g r a des in mineable
surface and near-surface ore zones along this trend.
Crackingstone Uranium –Located in Saskatchewan's uranium-rich Athabasca Basin.
• Exceptional High-Grade Uranium Potential: The property has dem onstrated historic grab sample
grades of up to 15.6% U₃O₈. Previous mining on the site produced 11 tons at an average grade of 2.3%
U₃O₈.
(A Qualifying 43-101 Report On the Crackingstone River-Ruza Pro perty Beaverlodge District SE of
Uranium City Saskatchewan for Belmont Resources Inc. By R.A. Be rnatchez, P. Eng. Consulting
Geologist, July 11, 2006)
• Extensive Mineralized Corridors : Three major conductive and structural mineralized corridors,
totaling 10 kilometers in length, have been identified and are associated with high-grade uranium
occurrences.
• Comprehensive Drilling Program: Belmont has submitted a permit application for a two-year
drilling initiative, which includes 40 drill holes totaling 10,000 meters. This program reflects the
company’s confidence in the property’s potential to host significant uranium resources.
Situated just six kilometers from Uranium City, the Crackingsto ne property benefits from excellent
infrastructure, including road access, power availability, and logistical support. Be lmont’s exploration
efforts also include evaluating rare earth element (REE) potent ial on the property, further enhancing its
strategic importance.
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
BEA TSX.V
Our Option Partner:
Lone Star Copper-Gold – Washington State: 50% optioned to Australian Marquee Resources ASX:MQR;
MQR has spent $2.5M in drilling, c ompleted new resource in Dec. 2022 and a PEA in November 2023.
(BEA NR Nov. 29, 2023)
Kibby Basin Lithium – Nevada State: 80% optioned to Australian Marquee Resources ASX: MQR; projec t
located 60 kilometers north of the lithium rich Clayton Valley Basin. MQR has spent $2.5M in drilling in
2022 for potential deep seated li thium brine. 2022 Drilling con firmed high levels of lithium-bearing
sediments along with dissolved lithium in the groundwater. (BEA NR Dec 8, 2022).
NI 43-101 Disclosure:
Mr. Laurence Sookochoff, P.Eng., independent consultant for Belmont Resources Inc., is a qualified
person for the purposes of National Instrument 43-101 and has reviewed and approved the technical
content in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
C: 604-505-4061
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.
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties,
based on assumptions and judgments of management regarding future events or results that may prove to be
inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ
materially from the Companies forward-looking statements and expectations. These risks and uncertainties include,
among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds
required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an
exploration program in 2025, and other risks associated with being a mineral exploration and development company.
These forward-looking statements are made as of the date of this news release and, except as required by applicable
laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why
actual results differed from those projected in the forward-looking statements.