Belmont Provides A-J Gold Project Drilling Update
Belmont Provides A-J Gold Project Drilling Update
November 29, 2023 ‐Vancouver, B.C., Canada; Belmont Resources Ltd. (“Belmont” or the “Company”)
(TSX.V: BEA; FSE: L3L2) is pleased to announce final drill logg ing results and interp retation from North
Zone of the A‐J gold property.
The 100% owned A‐J gold project situated in the prolific Greenwo o d m i n i n g c a m p o f s o u t h e r n B r i t i s h
Columbia. The recently completed 9 hole, 2,000m drill program t ested IP anomalies defined by the 2020
I P g e o p h y s i c a l s u r v e y a n d c o i n c i d e n t w i t h t a r g e t s d e f i n e d b y s urface mineralization and historical
workings. Results of the drill program will be announced as soon a s a l l a s s a y s h a v e b e e n r e c e i v e d ,
compiled and verified.
NEWS RELEASE
November 29, 2023
A‐J Gold property 2023 drill holes beneath semi‐transparent Lidar surface
(click on images to enlarge)
A‐J drill plan over geophysics
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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
North Zone:
North Zone drilling consisted of drill holes AJ 23 01‐05 for 1,150 meters and involved exploring largely
untested, open ground in the northern portion of the property where targets were chosen between the
Golden Crown mine situated on the adjacent Golden Crown property and the Athelstan‐Jackpot mines.
The North Zone drilling review found a near‐consistent abundance of alteration within several ages and
types of bedrock. With moderate correlation to geophysical anomalies tested, the area did exhibit
widespread low‐grade pyrite mineralization, small concentrations of massive sulphides, and several
shallow to moderate listwanite zones. Results are pending but this is all characteristic of the known
economic deposits in the area and lend to ongoing exploration in the untested portions of the property.
South Zone:
Potential near‐surface resource with high‐grade feeder system
Logging results and interpretation of the drilling in the South Zone were previously reported in News
Releases dated November 14 and 16, 2023.
South Zone drilling tested for a potential feeder contact/structure for the near‐surface gold
mineralization within a 1.0 km mineralized gold trend, which includes the Athelstan and Jackpot past
producing gold mines which produced 7,600 ozs Au & 9,000 oz Ag (Minfile 082ESE047).
South Zone mineralized zone with 2023 drill holes over IP‐Chargeability
North Zone IP Chargeability drill sections
3
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
Silica, silica‐carbonate and phyllic alteration intersected over 100 metre durations in all four diamond
drill holes in the South Zone directly beneath and nearby the Athelstan mine. These mineralized zones
appear to be correlative between drill holes and could represent a 100 metre step out, along the strike
of the Athelstan gold zone trend. The discovery of multi‐metre quartz shear and stockwork style vein
intersections with all lithologies hosting widespread pyrrhotite and pyrite and lesser chalco and
arsenopyrite may potentially be one or more conduits and fracture spaces for deep seated mineralizing
hydrothermal fluids and related to the auriferous deposits found in the historic gold mining above.
George Sookochoff, CEO of Belmont Resources, said, "All the logging is now complete and we continue
to be impressed with the visuals from both North and South zones. As good as the core visuals are the
truth lies in the assay results which we expect to start receiving in the next two to three weeks. In the
meantime we are making plans for our Q1 2024 A‐J drill program which will test some very strong
targets beneath the Jackpot gold mine.”
South Zone IP Chargeability drill section between Athelstan and Jackpot mines.
South Zone IP Chargeability drill section between drill holes A‐J23 06‐09
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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
Listwanite and Serpentinite
Listwanite (carbonated serpentinite) is a term to describe the silica‐car bonate alteration of serpentinite
and is commonly associated with high‐grade lode‐gold mineralization.
All of the historic production f rom the property, and the vast majority of the previous exploration, all of
which were in the South Zone, has been directed at massive sulfide and oxidized sulfide zones within
listwanite.
During the serpentinization process any gold present in the serpentine may be assimilated with secondary
sulfides and/or magnetite and could be indicative by the magnetic anomalies within the property.
These opaque minerals (magnetite) are subsequently destroyed in talc‐carbonate alteration zones
(magnetic low features), which results in gold being released from the serpentinite wall rocks and
transported in solution. The gold and silica‐rich fluids are transported to higher crustal levels via faults
where the change in conditions (lower temperature, pH and ƒO2) results in the precipitation of gold,
quartz and sulfides.
The Mother Lode gold district in California and the Abitibi greenstone belt of the Superior Province of
Canada are two of the most well‐known examples of listwanite‐associated lode‐gold in North America.
In general, the richest gold grades within these deposits are associated with, or in close proximity to
carbonate‐altered ultramafic rocks (Listwanite). Listwanite is also directly associated with several multi‐
million ounce gold deposits in British Columbia, Atlin, Bralorne and Barkerville.
AJ 2023 Drill Holes Over Geology
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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
About Belmont Resources
Belmont Resources has assembled a portfolio of highly prospecti ve copper, gold, lithium, uranium and rare earths
projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include:
Athelstan‐Jackpot (A‐J): 2 former gold mines. 2,000m drilling targeting multi‐coincident geophysical
anomaly on strike with neighboring gold trend and gold mines completed.
Crackingstone Uranium‐Rare Earths: Some of the highest grade Rare Earth Elements (REE’s) are being
discovered in Northern Saskatchewan due to the presence of Uranium, Thorium & Pegmatites.
Crackingstone project meets the criteria for potentially discovering a large REE’s deposit with its high
grade uranium along with thorium and pegmatite. A review of 3,000m of 2008 drill data shows a 1.3km
pegmatite dyke drilled but only assayed for uranium at that time. 2023 plans are to re‐assay pegmatite
sections for REE’s ;
Come By Chance (CBC): 2021 geophysics delineated potential large copper‐gold porphyry;
2022 drilling provided further vectors towards potential core of porphyry;
The Lone Star Copper‐Gold: optioned to Australian Marquee Resources ASX:MQR. MQR has spent in
excess of $2.5M in drilling, completed new resource in Dec. 2022, and is currently preparing a
Preliminary Economic Assessment in order to earn 80% interest.
The Kibby Basin Lithium project located 60 kilometers north of the lithium rich Clayton Valley Basin:
Optioned 80% of the central Kibby Playa claim block to Australian Marquee Resources ‐ MQR. MQR has
spent in excess of $2.5M in drilling in 2022 for potential deep seated lithium brine. 2022 Drilling
confirmed high levels of lithium‐bearing sediments along with dissolved lithium in the groundwater.
NI 43-101 Disclosure:
The technical information in this news release has been prepared in accordance with Canadian regulatory
requirements as set out in National Instrument 43-101 and has been reviewed and approved by Laurence
Sookochoff, P.Eng.
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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
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
www.belmontresources.com
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 2023, 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.