Belmont Outlines Prospective Drill Holes 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 OUTLINES PROSPECTIVE DRILL HOLES FOR KIBBY BASIN-NEVADA
LITHIUM PROPERTY
Vancouver, B.C. Canada, March 14, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC Eligible
– CUSIP 080499403 ); (“Belmont”, or the “Company).
Belmont Resources Inc has initiated the next stage of exploration and assessment on its Kibby Basin lithium
property in Nevada, USA. CEO/President -James Place, P.Geo. along with Belmont’s consulting experts are
interpreting data and mapp ing from Quantec Geoscience’s Spartan Magnetotelluric (MT) Survey Report (see
Belmont news release dated March 1, 2018) and have established approximate locations for drill holes.
The results of the MT survey are a critical source of information that allo ws Belmont to select the most prospective
locations for further drilling; where potential brine contacts are closest to the playa surface. Details, including the
shape and thickness of the anomalous conductive zone can be found in Quantec’s report which ha s been posted on
SEDAR and is also on Belmont’s website: www.BelmontResources.com
Belmont’s consulting geologist, Robert ( “Bob”) Cuffney from Reno, Nevada will finalize and map drill -hole
locations and process the application for permits with the authorities in Nevada in anticipation of drilling beginning
in the second quarter of 2018.
The Company will also begin evaluating contractors to carry out drilling and sampling of soils and aquifer water
from the Kibby Basin property.
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
-Facebook https://www.facebook.com/Nevadalithium/
-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, Nev ada-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 appr ox. 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 judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration a nd other risk factors 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 fulfill ed 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 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.
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.