Belmont Receives Borehole Drill Permits FOR Kibby Basin Lithium Project, Nevada
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 RECEIVES BOREHOLE DRILL PERMITS FOR KIBBY BASIN LITHIUM
PROJECT, NEVADA
Vancouver, B.C. Canada , June 20, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE:
L3L1; DTC Eligible – CUSIP 080499403); (“Belmont”, or the “Company”).
Further to our news release of June 14, 2018 Belmont is pleased to announce receipt of the borehole drill
permits for its proposed exploration drill holes on its Kibby Basin, Nevada property. Boreholes may be
converted to ‘Exploration Wells’ f or testing of lithium brine aquifers, upon successful completion of the
holes.
Bonding has been paid and accepted by the United States Department of the Interior - Bureau of Land
Management (BLM). The first holes will be advanced in locations where the M T survey indicates that
the conductive anomaly to be closest to surface.
Belmont CEO/President, James Place, P.Geo., states: “A drilling contractor has been selected and drilling
is anticipated to commence in July 2018.”
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
Belmont has recently optioned 31 mineral cl aims encompassing approx. 7 sq.km; located 24 km northwest of Saint John, New
Brunswick – the Mid Corner/Johnson Croft – a Zinc, Cobalt prospect.
On March 30, 2016; the Company acquired 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
opportunities 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 uncertaint ies, 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 statemen ts 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 w ith 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 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) accep ts responsibility
for the adequacy or accuracy of this news release.