Belmont Resources Submits Permit To Drill At 100% Owned Crackingstone Uranium Project, North Saskatchewan
Belmont Resources Submits Permit To Drill At 100% Owned
Crackingstone Uranium Project, North Saskatchewan
June 18, 2024 ‐Vancouver, B.C., Canada; Belmont Resources Ltd. (“Belmont” or the “Company”) (TSX.V: BEA; FSE:
L3L2) ) is pleased to announce a comprehensive 40 drill holes, totaling up to 10,000 metres over the next 2 years
drill permit for its 100% owned Crackingstone Uranium Property (the “Property”) situated in the Uranium City district
o f N o r t h S a s k a t c h e w a n , h a s b e e n s u b m i t t e d t o t h e F i s h , W i l d l i f e and Lands Branch, Saskatchewan Ministry of
Environment (the “Ministry”).
Consultation with First nations have now been initiated. The C ompany anticipates a first review of the drill permit
application by the Ministry to b e completed in July of this yea r with the potential of a granted permit in time for a
fall drilling program.
View video at: https://belmontresources.com/crackingstone‐video/
Watch our Crackingstone Video
NEWS RELEASE
June 18, 2024
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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
Drill Target Details
At this stage, multiple drill holes collars have been planned along a structurally controlled fault, EM conductive
mineralized corridor with surface samples ranging up to 15.6% U3O8. View map.
2024 Drill Targets over Uranium Radiometric Survey
Drill Target selection parameters.
1. Strong Radiometric uranium anomaly
2. Over 1% U3O8 occurrence at surface
3. Association with fault
4. Association with EM conductor
5. High Scintillometer radioactivity (CPS) readings
George Sookochoff, President & CEO, Belmont Resources commented “I am very eager to commence drilling on our
Crackingstone uranium project. I firmly believe that we have so me of the most promising drill targets in the entire
Athabasca region.”
2008 Drilling
A 20 hole, 3,000 meter diamond drilling program covering a 1,80 0 meter strike length was carried out in 2008. The
drilling tested an EM conductor f rom the Boom Lake – Crackingst one intersection north along the Boom lake fault.
All of the drill holes intercepted uranium mineralization along with pegmatite and hematite alteration.
Pegmatite is often associated with uranium mineralization in the Athabasca basin. Of equal importance was the
extensive amount of hematite alteration intercepted across the entire 1.8 kilometer zone. Hematite alteration is
commonly associated with uranium in the Athabasca basin. Hemat i t e a l t e r a t i o n i s a n i n d i c a t i o n o f u r a n i u m
precipitation during the hydrothermal event.
Drill Hole C14:
2.087% U3O8 over 0.3 m and 0.873% U3O8 over 0.5 m within 1.182% U3O8 over 0.9 m from 49.1 to 50.0 m
A planned follow up drill program was cancelled due to the 2008 financial market collapse.
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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
Uranium City ‐ Beaverlodge Uranium District, North Shore of Lake Athabasca Saskatchewan.
The 100% owned Crackingstone property is located in the Beaverlodge uranium district, on the north shore of Lake
Athabasca (view map) and only 6 km by road from Uranium City, Saskatchewan. A power line crosses the southern
portion of the property.
Beaverlodge Mining District situated on the north shore of Lake Athabasca
Historic work in the Uranium City area dates back to the 1950’s. From 1953 to 1982, sixteen deposits were brought
into production which produced a total of 70,250,000 lbs U3O8 averaging 0.24 % U3O8. The grades ranged from
0.18% to 0.43%.
Uranium city area past producing uranium mines
The Crackingstone property covers 5 kms of the Black Bay Shear Zone, a major structural feature in the region
which hosts several past producing mines such as the past producing Leonard and Smitty uranium mines combined
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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
to produce 876,000 lbs of uranium oxide and to the northeast the Cayzor uranium mine produced approximately
1,372,800 lbs with unexplored depth potential.
About Belmont Resources
Belmont Resources has assembled a portfolio of highly prospective 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. Initial 2023 drill results from Athelstan gold mine area
drilling indicates peripheral alteration zone to a potential deep‐seated gold‐copper porphyry.
Crackingstone Uranium: High grade uranium property situated in the prolific Beaverlodge Uranium
District of the Athabasca basin. The Project covers 4 kilometers of the Black Bay Shear Zone, a northeast
trending magnetic low corridor which hosts 4 past producing mines.
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 $2.5M
in drilling, completed new resource in Dec. 2022 and a PEA in November 2023 earning them a 50%
interest in the property.
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 $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. Mineralized intervals
containing up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of 450m
have been identified in core samples of clay‐rich playa sediments.
Belmont Projects
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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
NI 43‐101 Disclosure:
The technical and scientific information in this news release has been reviewed and approved by Laurence
Sookochoff, P.Eng. Technical Advisor of the Company, who is a Qualified Person as defined by NI 43‐101
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
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 mat erially 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 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 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.
Details on the sources of information contained within this News Release:
Report No. 126; Uranium Deposits of the Athabasca Region, Saskatchewan by L.S. Beck 1969, DEPARTMENT OF
MINERAL RESOURCES, Geological Sciences Branch, Precambrian Geology Division.
A May 2008 Report On A Reconnaissance Sampling Program & Radon Gas Survey On the Crackingstone Property by
J. Morgan, PhD Geologist & R.A. Bernatchez, B. Sc, P.Eng. Consulting Geologist.
A June 2009 Report On the Crackingstone Property 2008 Spring‐Summer Diamond Drilling Program for Belmont
Resources by J. Morgan, PhD Geologist & R.A. Bernatchez, B. Sc, P.Eng. Consulting Geologist.
An Interpretation of Aeroquest’s Airborne Geophysical Survey Magnetic and Electromagnetic Survey Job # 08‐057
for Belmont Resources Magnetic and Electromagnetic Survey, April 16, 2009 by R.A. Bernatchez, P. Eng. Consulting
Geologist.
Saskatchewan Mineral Deposit Index (SMDI) ‐ digital information on all known mineral occurrences in the Province
of Saskatchewan.