Belmont Completes LIDAR Survey on AJ Gold Project
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 600 - 625 Howe Street,
Vancouver, B.C. V6C 2T6
Ph: 604-683-6648
BEA TSX.V
Belmont Completes LIDAR Survey on AJ Gold Project
Greenwood Mining District, B.C.
Vancouver, B.C. Canada, September 22, 2020; Belmont Resources Ltd. is pleased to report that the
helicopter-borne Lidar survey on the company’s A-J property in the historic Greenwood Mining Camp has
been completed. The 5.3 square km survey was flown by Pioneer Exploration Consultants Ltd., with point
cloud data acquired at a density of 20 points per square metre.
The AJ property contains two past producing gold mines Athelstan &
Jackpot which produced 7,600 ozs Au & 9,000 ozs Ag (Minfile
082ESE047). The two mines and at least 9 known gold mineralized
zones extending over an approximate area of 240 by 1,000 metres are
associated with listwanite rock.
Lidar is an effective, low cost method of accurately mapping the bare-
earth surface (i.e. the ground surface as it would appear stripped free of
vegetation) and showing centimetre-scale variations in surface elevation.
It has many uses in geological exploration, including identifying the
location and distribution of historic pits and other areas of disturbance
which can then be ground-truthed. Lidar bare-earth data can also reveal
linear topographic low features. These may coincide with the surface
trace of fault zones that are important controls to mineralization.
The recently completed A-J Lidar survey identified over 100 historic
exploration pits, trenches and other workings on the property, many of
which were unknown from more recent work on the property. Known
mineralization on the property is primarily hosted within listwanite which
has been emplaced along deep-seated low-angle north-dipping faults.
These deep faults, along with later, steep fault zones, provide pathways
for later intrusive emplacement and for mineralizing fluids. The
distribution of the historic exploration pits indicates separate trends of
mineralization, intersecting near the J-34 zone and near the easternmost
surface expression of a granodiorite intrusive.
Listwanite-hosted gold-bearing massive sulfide mineralization
occurs at the J-34 zone, 50 m east of the intrusive contact. In 2003,
trenching was completed at the J-34 zone by a previous operator,
with historic chip samples returning grades of 6.6 g/t Au over a 3.7
m true thickness in one area, and 1.9 g/t Au over 6.8 m true
thickness in a second area.1 The J-34 zone is a gently north
dipping zone and is interpreted to be underlain by the intrusive that
is exposed a short distance west. It is untested at depth by any
drilling.
1 Caron, L., 2003. Assessment Report on the Athelstan-Jackpot Property, Trenching and Rock Sampling, for M.
Hallauer and T. Hallauer. BC MEMPR Assessment Report 27302.
NEWS RELEASE
September 22, 2020
A-J Property LIDAR Survey
J34 Zone Geology
LIDAR Survey Highlighting Jackpot
Fault
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 600 - 625 Howe Street,
Vancouver, B.C. V6C 2T6
Ph: 604-683-6648
BEA TSX.V
Belmont expects to receive the results of the drone-based magnetic survey which has been completed
over the property shortly, and anticipates that the Lidar and magnetic data, combined with historic
exploration data, will define targets for follow-up work, including drilling.
A multi-year area-based exploration permit application has been submitted to the Ministry of Energy and
Mines to cover this next phase of work on the property.
Belmont President & CEO George Sookochoff commented, “Where fault zones are proven to be
important controls of gold mineralization on the A-J property, the LIDAR survey has already provided
invaluable “bare earth” data revealing the surface trace of several major faults on the property with
centimeters accuracy, which were previously hidden by thick surface vegetation. I look forward to
receiving the high resolution, low flight level, drone magnetic survey data which combined with the LIDAR,
geological, rock & soil and trenching data will provide high quality drill targets for our upcoming drill
program.”
About Belmont Resources Inc.
Belmont Resources is a British Columbia based company engaged in the
business of acquisition, exploration and development of mineral
properties located in the highly prospective Greenwood-Republic mining
camps. The Company has over a short period of time systematically
acquired six past producing gold-silver and copper-gold mines.
- Athelstan & Jackpot Gold mines (Athelstan-Jackpot property - 100%)
- Bertha & Pathfinder Gold-Silver mines (Pathfinder property - 100%).
- Betts Copper-Gold mine (Come By Chance property - 100%)
- Lone Star Copper-Gold mine (Lone Star Property - LOI)
Qualified Person
Linda Caron, M.Sc., P.Eng. is the qualified person under National
Instrument 43-101 who as reviewed and approved the technical content
of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
Ph: 604-683-6648
Email: [email protected]
Website: www.BelmontResources.com
Belmont Property Map
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Contact: George Sookochoff, President & CEO
Email: [email protected]
Suite 600 - 625 Howe Street,
Vancouver, B.C. V6C 2T6
Ph: 604-683-6648
BEA TSX.V
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as the term is defined in the policies of the TSX Ventu re
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 o r r e s u l t s t h a t m a y p r o v e t o b e i n a c c u r a t e a s a r e s u l t o f
exploration and other risk factors beyond its control. Forward looking statements in this news release include statements abo ut
the possible raising of capital and exploration of our properti es. Actual events or results c ould differ mate rially from the
Companies forward-looking statements and expectations. These risks and uncertainties in clude, among other things, that
we may not be able to obtain regulatory approval; that we may n ot 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 2020, and other
risks associated with being a mine ral exploration and developme nt company. These forward-looking statements are made
as of the date of this news rel ease 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-loo king
statements.