Belmont Welcomes George Sookochoff to the Board of Directors and Receives Additional Surface Sample Assays from Its Pathfinder GOLD Project, Greenwood Mining CAMP
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 WELCOMES GEORGE SOOKOCHOFF TO THE BOARD OF
DIRECTORS AND RECEIVES ADDITIONAL SURFACE SAMPLE ASSAYS FROM
ITS PATHFINDER GOLD PROJECT, GREENWOOD MINING CAMP
Vancouver, B.C. Canada , October 17, 2019; Belmont Resources Inc. (“Belmont”), (or the
“Company”), (TSX.V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499502).
George Sookochoff joins the Board of Directors
Belmont Resources Inc. is pleased to announce the appointment of George Sookochoff to the
Board of Directors. George has over 35 years of experience in the junior mining sector
providing consulting services in the area of project development, data analysis, management and
digital marketing. He holds a Commerce Degree (Marketing -Computer Scienc es) from the
University of British Columbia.
He has served as a director for several junior mining companies and as past President and CEO
of International PBX Ventures Ltd., a TSX venture company developing several copper
porphyry and gold skarn projec ts in Chile. George served recently as President of GGX Gold
Corp. assisting in advancing and developing the significant high grade COD vein system along
with numerous other vein systems on the GGX Gold Drop property in the Greenwood mining
camp. George also served as Executive Vice President of Golden Dawn Minerals where one of
his duties was data acquisition and analysis of exploration data in the Greenwood camp.
George was born and raised in Grand Forks, B.C. and is quite familiar with the region and its
rich mining history along with the importance that mining has played for the families of Grand
Forks, Greenwood and area over the last one hundred years.
George commented; “Throughout my long career in the junior mining sector and having worked
on numerous exploration projects around the world, it has always been my strong belief that the
Greenwood mining camp, with its rich history in mining, still remains to be one of the best
exploration areas in the world.”
Jim Place, CEO/President comments; “We are pleased to have George join our team and provide
input in advancing and developing our Pathfinder Gold project as well as assisting in search of
other gold prospects in the historic camp.”
Pathfinder –Further encouraging assays
Further assay results have been received on surface samples recently taken by Belmont’s
contract geologist Bob Lane, P. Geo. Very encouraging Gold, Silver, and Copper results were
identified for all samples as well as one anomalous Cobalt value as seen in the table below:
Sample # Au (ppm) Ag (ppm) Cu (% & ppm) Co (ppm)
g/T
PA 19-01 4.999 35.86 2.07% 45.1
PA 19-02 0.153 6.46 6234 148.8
PA 19-03 1.329 14.07 6540 1486.8
PA 19-04 4.374 19.5 6667 31.7
PA 19-06 2.172 14.31 6551 931.6
PA 19-07 5.228 17.39 7302 47.9
Belmont plans to follow up the surface rock sampling as soon as possible, with a helicopter
borne EM and magnetic survey (VTEM) to better target drilling the property.
NI 43-101 Disclosure:
Robert A. (Bob) Lane, MSc, P.Geo., and a Qualified Person as defined by National Instrument
43-101 has reviewed and approved the above technical information in this news release.
Options Granted
The Company also announces it has granted 50,000 options to Mr. Sookochoff at an exercise
price of $0.06. The options are exercisable for three years. The options are granted pursuant to
the Company’s stock option plan, applicable regulatory policy, certain vesting provisions and
subject to regulatory acceptance.
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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(i) On March 28, 2019 Belmont entered into an agreement to acquire 100% interest in 253.34
hectares of mineral claims (now increased to 295.56 ha) which are part of the former
Pathfinder Property, located in the historically productive Republ ic-Greenwood Gold
District. Copper and gold mining in this camp dates back to the turn o f the century. The
property is currently surrounded on 3 sides by claims held by KG Exploration (Canada) Inc.
(a wholly owned subsidiary of Kinross Gold Corporation).
(ii) Belmont owns 75% of the Kibby Basin Lithium project covering 2,056 hectares (5,080
acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km
north of Clayton Valley, Nevada the location of the only US Lithium producer. MGX
Minerals Inc. (CSE: XMG) has earned a 25% interest in the Kibby project.
(iii) In 50/50 ownership with International Montoro Resources Inc., Belmont owns and is
exploring joint venture opportunities for its significant uranium properties (Crackingstone -
982 ha) in the Uranium City District in Northern Saskatchewan, Canada
ON BEHALF OF THE BOARD OF DIRECTORS
“James H. Place”
James H. Place, P.Geo.
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 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 th e
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 an d we may not be able to organize and carry out an exploration program in 201 9, 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.