Belmont Engages Harris Exploration Drilling to Commence Drilling 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 ENGAGES HARRIS EXPLORATION DRILLING TO COMMENCE DRILLING
KIBBY BASIN, NEVADA LITHIUM PROPERTY
Vancouver, B.C. Canada , April 18, 2017 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; (“Belmont”, or
the “Company).
Kibby Basin Drilling:
Belmont has engaged Harris Exploration Drilling and Associates Inc.(“Harris Drilling”), a California company to
commence drilling and mobilizing on the Kibby property as early as April 2 0th, 2017.
Harris Drilling will be using a t rack mounted maxi-drill mp18 core drilling rig c/w HQ rods and drilling 3.875 inch
diameter holes. The previous drilling program using a sonic drill was terminated. Harris Drilling has had extensive
experience drilling in the Clayton Valley lithium brine s, in recovering core in unconsolidated lake bed sediments ,
and in lithium brine testing with their own special geoprobe wire line instrument proprietary to Harris Drilling.
Robert Cuffney, Exploration Geologist has recommended the first holes based on the results received by the ground
geophysics report and gravity surve y completed in 2016. The proposed drill holes are designed to test the eastern
basin-bounding fault, where lithium brines are likely to well up in the structural zone, analogous to the concentration
of lithium brines along the Pa ymaster fault in Clayton Valley ; and to test the stratigraphy near the central axis of
the basin. The holes will test for porous basin sediments, which could serve as aquifers for lithium brines. The HQ
drilling program is planning that the first hole may test as deep as 1000 feet , double the previously targeted depth of
500 feet by sonic drilling.
Both rocks and formation water will be sampled and analyzed for lithium. Water will be tested for conductivity a s
the holes are drilled and water samples will be analyzed for physical properties (conductivity, total dissolved solids,
pH) to help identify brine-bearing aquifers.
NI 43-101 Disclosure
Robert (“Bob”) G. Cuffney, Certified Profession al Geologist, a Qualified Person as defined by National Instrument
43-101, has reviewed and approved the technical information in this news release.
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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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.
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 2760 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
“Vojtech Agyagos”
Vojtech Agyagos
CEO/President
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 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.
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