Belmont Discusses Extraction Testing Technology and Finalizes Drill Hole Locations FOR Kibby Basin-Nevada Lithium Property
BELMONT RESOURCES INC.
#600 – 625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: [email protected]
BELMONT DISCUSSES EXTRACTION TESTING TECHNOLOGY AND FINALIZES DRILL
HOLE LOCATIONS FOR KIBBY BASIN-NEVADA LITHIUM PROPERTY
Vancouver, B.C. Canada, April 6, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC Eligible –
CUSIP 080499403 ); (“Belmont”, or the “Company).
Further to our news release of March 14, 2018 Belmont Resources Inc . has initiated discussions with companies in
the lithium extraction space that have requested samples from the Kibby Basin for testing our soils and brine. This
is a very positive step in establishing the company’s long term strategy.
The Company is planning up to five holes for the next phase of drilling, b ased on the potential aquifer locations
indicated by the recent Quantec Geoscience’s Spartan Magne totelluric (MT) survey. The Company is finalizing its
drilling contractor and anticipates the confirmation of our drill permits shortly.
As previously announced the Company was very encouraged with last year’s drill core assays, ranging from 70 ppm
to 200 ppm Li with 13 of 25 core samples assaying over 100 ppm Li; indicating that the sediments cou ld be a
potential source of lithium for the underlying aquifers.
About Belmont Resources Inc.
Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada,
U.S.A.
For further information see our Website at: www.BelmontResources.com
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-Twitter https://twitter.com/Belmont_Res
On March 30, 2016; the Company acquire d sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in Esmeralda County,
Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada -U.S.A. The Company believes the property to be
highly prospective to host lithium. Subsequent ground geophysics & gravity surveys, surface sampling and a two hole - 2046 ft. diamond drill
program have confirmed the presence of lithium on Kibby.
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724
hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the “Property”) to 2 ,760 hectares (6,820
acres).
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opportuni ties for its two
significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City District in Northern Saskatchewan,
Canada
ON BEHALF OF THE BOARD OF DIRECTORS
“James H. Place”
James H. Place
CEO/President
This Press Release may contain forward -looking statements that may involve a number of risks and uncertainties, based on assumptions and jud gments of
management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk facto rs beyond its control. Forward looking
statements in this news release include statements about the possible raising of capital and exploration of our properties. 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 ou t an exploration program in 2016 ; and other risks associated with being a mineral explorati on 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 assum es 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Vent ure Exchange) accepts responsibility
for the adequacy or accuracy of this news release.