Belmont Completes Option Agreement For 100% Ownership of Come By Chance Copper-Gold Porphyry Project and Plans 2021 Exploration
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Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
Contact: George Sookochoff, President & CEO
Email: [email protected] BEA TSX.V
NEWS RELEASE
May 27, 2021
Belmont Completes Option Agreement For 100% Ownership of
Come By Chance Copper-Gold Porphyry Project
and Plans 2021 Exploration
View Come By Chance Video at: https://bit.ly/3foAanh
Vancouver, B.C. Canada, May 27, 2021; Belmont Resources Inc. (“ Belmont”), (or the “Company”),
(TSX.V: BEA; FSE: L3L2) is pleased to announce that it has comp leted the terms of the option
agreement for acquisition of the Come By Chance (CBC) copper- gold porphyry project signed in May
27, 2020. The Company now holds a 100% interest in the property, subject to a NSR of 1.5% which the
company can reduce to 0.5% with a payment of Cdn$1,000,000 to the vendors.
Come By Chance Property Map
View image at: https://bit.ly/3hVKCUR
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Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
Contact: George Sookochoff, President & CEO
Email: [email protected] BEA TSX.V
Belmont’s CBC copper-gold porphyry project is located in the pr olific copper belt of British Columbia
known as the Quesnellia trough. This belt has been described as one of the most prospective
geological areas for gold and copper within Canada. The Quesnel lia Trough is important from an
economic perspective due to its rich endowment of gold copper g old porphyry deposits. These large-
tonnage deposits are sought after by major mining companies bec ause of their open pit, low cost
operating features and long mine life.
The Quesnellia Terrane (Trough) of B.C.
View image at: https://bit.ly/3vrHp3h
Situated within the Quesnellia Trough is the prolific Greenwood Mining Camp which is considered to
be one of the most concentrated mineralized areas in British Co lumbia. 26 principle mines were
operational in this area, and produced over 550 Million pounds of copper and over 1.5 Million ounces
of gold.
The CBC property is very accessible being only 5 kilometers out side the town of Grand Forks, three
kilometres to the southeast of the past producing Phoenix mine and directly across Provincial Highway
#3 of the company’s A-J gold property. Highway #3 and a power l ine cross the edge of the CBC
property.
Historic exploration on the property revealed many indications to a potential concealed intrusive of
copper/gold mineralization at the Betts Mine, in the skarns, th e free gold and the intersection of a
massive sulfide epithermal indicated zone in the Betts mine.
Belmont’s 2020 CBC Property exploration was therefore programed to locate the area of the potential
intrusive and to delineate specific locations for follow-up exploration.
Initially, a Lidar survey was completed resulting in the disclo sure of numerous indicated lineament
structures that may have facilitated the creation of the isolated skarn zones.
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Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
Contact: George Sookochoff, President & CEO
Email: [email protected] BEA TSX.V
A follow-up, low-level magnetic survey of the CBC property, has provided a greater indication of the
volcanic caldera which associated with a distinctive magnetic l ow, measuring 800 meters by 1000
meters, bounded by magnetic highs on the south west and north e ast sides, along with the trending
Eagle Mountain and Eagle creek faults. This particular magnetic signature is associated with other
copper gold porphyry systems in the Quesnella trough.
Belmont is planning an IP survey over the magnetometer anomaly at the CBC property which by
structurally related, surficially exposed, mineralized breccia zones, shows the extension of the
magnetometer anomaly to a depth of 525 metres below surface, op en to depth and length and up to
2,800 metres wide, should provide a prime anomalous IP target f or an initial 500 metre diamond drill
hole.
CBC Magnetic Inversion – Potential Drill Target
View image at: https://bit.ly/3bWzMu6
About Belmont Resources
Belmont Resources is engaged in the business of acquiring and d eveloping gold-copper-lithium projects
located in North America. By utilizing new exploration technolo gy and geological modelling the company is
identifying possible sources of gold-copper-lithium mineralization.
The Company’s project portfolio includes:
- Athelstan & Jackpot Gold mines, B.C. (Athelstan-Jackpot property - 100%)
- Kibby Basin Lithium Project, Nevada – (100%)
- Betts Copper-Gold mine, B.C. (Come By Chance property - 100%)
- Bertha & Pathfinder Gold-Silver mines, B.C. (Pathfinder property - 100%).
- Lone Star Copper-Gold mine, Washington State (Lone Star Property - LOI)
Qualified Person
Laurence Sookochoff, P.Eng. is the qualified person under National Instrument 43-101 who has reviewed and
approved the technical content of this news release.
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Suite 615 – 800 W. Pender Street,
Vancouver, B.C. V6C 2V6
Ph: 604-505-4061
Contact: George Sookochoff, President & CEO
Email: [email protected] BEA TSX.V
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
Ph: 604-683-6648
Email: [email protected]
Website: www.BelmontResources.com
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exch ange) accepts responsibility fo r the adequacy or accuracy of this release. The TSX
Venture Exchange has not approved nor disapproved of the information contained herein.