2022 Phase II Exploration Program Commences
`
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
2022 Phase II Exploration Program Commences
On Come By Chance Copper-Gold Porphyry Target
Vancouver, B.C. Canada, September 20, 2022; Belmont Resources Inc. (“Belmont”), (or the “Company”),
(TSX.V: BEA; FSE: L3L2) is pleased to announce it has begun its Phase II 2022 exploration program on
its 100% owned Cu-Au Come By Chance (CBC) Porphyry project located in southern B.C.
Belmont geologists are currently on the CBC property ‘ground truthing’ areas of coincident geophysical
targets located in the central and northern portion of the property. Ground truthing involves detailed
mapping and rock sampling on surface of coincident geophysical anomalies. Exploration results to date
shows this area to be the potential core of the apparent porphyry system.
Data from the current ground truthing survey will be added to the overall CBC exploration database and
3D modeling results will be utilized to more precisely vector in on and further refine the location of the
porphyry to determine more definitive drill targets for an upcoming Phase II drill program some time before
the year end.
Phase I Exploration and Drilling
Exploration on the CBC to date has focused on identifying a potential concealed porphyry intrusive of
copper-gold mineralization. 2021 geophysics and a subsequent Phase I 2022 - 2,300m drill program
further supported the copper-gold porphyry model in initially identifying porphyry style alteration, veining
and mineralization. Phase I 2022 drilling identified:
1. Extensive Propylitic (chlorite, epidote, albite and carbonat e) alteration encountered in all six drill
holes. Common to most porphyry deposit types, large propylitic alteration forms as halos to the
core of porphyry deposits.
2. Extensive pyrite mineralization (up to 20%). Pyrite halos ar e another important vector which helps
in locating possible porphyry core.
3. Skarn mineralization. Skarns near porphyry deposits are comm only inextricably part of the larger
Cu-Au system(s).
4. Structural Lineaments. Junctions of structural lineaments ma y create a point of weakness that
could have been exploited by the porphyry intrusive. The Crook Lake Caldera is an indicated
volcanic caldera with indicated hydrothermal breccias and potential mineral controlling structures
and cross-structures.
NEWS RELEASE
September 20, 2022
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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
Phase II Exploration
Exploration is now focused on the apparent core of the system which has:
1. A strong coincident magnetic low (magnetite destructive potassic alteration?)
2. Resistivity low – highly conductive anomaly (possibly due to sulphide rich porphyry core?)
3. Enveloped by peripheral pyrite-rich, propylitic alteration, common in porphyry systems. In this
particular case a ring structure around a volcanic caldera.
4. This central zone is bounded by two regional structurally co ntrolling faults.
These geophysical results are classic expressions of a large porphyry copper system.
Coincident Geophysical Anomalies Indicate Potential Core of Porphyry System at Depth
Cross Section of Porphyry Copper Deposit Showing Idealized Alteration Zoning.
`
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
George Sookochoff, President and CEO commented: "All exploration results to date continue to support a
large copper-gold porphyry model. The identification of the outer Propylitic alteration zone and the high
chargeable Pyrite halo in combination with certain coincident geophysical anomalies has provided us with
important vectors which further points to the apparent porphyry core. We plan to drill test this exciting
porphyry core target before year end.”
About the Come By Chance Project
The Come By Chance (CBC) property is situated in the Greenwood mining camp, considered to be one of
the highest concentrated areas of past producing mines in North America.
Although the Phoenix mine was the major producer, some of the smaller mines were also productive from
a number of different types of deposits. From 1900 to 1975 production from these 26 principal mines
produced over 600 million pounds of copper and 1.4 million ounces of gold (Church, 1986).
The CBC Property, located three kilometres to the southeast of the Phoenix deposits, is on a
comparative geological trend and hosting skarn, epithermal, volcanogenic, and massive sulphide
mineralization.
Early exploration in the 60’s – 70’s on the CBC was for a Phoenix type skarn mineralization. However, the
historic exploration results were successful in revealing indications of a potential concealed porphyry
intrusive of copper/gold mineralization. The numerous localized skarns discovered on the property were
even a greater significance as the skarns were obviously related to rising hydrothermal fluids via
structures/fractures from a mineral-bearing intrusive.
Belmont acquired the CBC property in 2020 and immediately focused its exploration efforts on the
discovery of a potential deep-seated copper/gold porphyritic, bulk tonnage, mineral resource as opposed
to a mineral bearing skarn resource.
These efforts have thus far proven to be successful in the further identifying the central core of the
porphyry system.
`
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
About Belmont Resources
Belmont Resources has assembled a portfolio of highly prospective copper-gold-lithium & uranium
projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include
the Come By Chance (CBC), Athelstan-Jackpot (AJ) and Pathfinder situated in the prolific Greenwood
mining camp in southern British Columbia. The Crackingstone Uranium project in the uranium rich
Athabaska Basin of northern Saskatchewan. The Lone Star copper-gold mine in the mineral rich
Republic mining camp of north central Washington State. The Kibby Basin Lithium project located 60
kilometers north of the lithium rich Clayton Valley Basin.
`
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
The Belmont project portfolio:
Athelstan-Jackpot, B.C. – * Gold-Silver mines
Come By Chance, B.C. – * Copper-Gold mine
Lone Star, Washington – * Copper-Gold mine
Pathfinder, B.C. – * Gold–Silver mines
Kibby Basin, Nevada – Lithium
Crackingstone, Sask. – Uranium
* past producing mine
NI 43-101 Disclosure:
The technical information in this news release has been prepare d in accordance with Canadian regulatory
requirements as set out in National Instrument 43-101 and has b een reviewed and approved by Laurence
Sookochoff, P.Eng.
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
Ph: 604-505-4061
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 Exchange) accepts re sponsibility for the adequacy or accuracy
of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained
herein.