Harris Commences Drilling ON Belmont’S Kibby Basin, Lithium Project
BELMONT RESOURCES INC.
#600 – 625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: [email protected]
HARRIS COMMENCES DRILLING ON BELMONT’S KIBBY BASIN, LITHIUM
PROJECT
Vancouver, B.C. Canada , August 2 , 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE:
L3L1; DTC Eligible – CUSIP 080499403); (“Belmont”, or the “Company”).
Kibby Basin Drilling:
Harris Exploration Drilling and Associates Inc. (“Harris Drilling”), commence d drilling on the Ki bby
property.
Harris Drilling has extensive experience drilling in the Clayton Valley lithium brines, in recover ing core
in unconsolidated lakebed sediments, and in lithium brine testing.
The first hole was selected based on the results from the Quantec MT geophysical survey completed in
January. The proposed drill holes are designed to test a large strong MT conductor, wh ich may represent
aquifers containing lithium brines . Holes have been designed to intercept the MT anomaly starting at
depths of 325 m (1065 ft .) and continuing to as much as 760 m (2500 ft .) with the objectives of
determining the nature of the conductor, collecting sediment samples for lithium analyses, identifying
aquifers, and sampling water and any brines encountered.
Harris Drilling is employing an RD 10 rotary d rill to complete the holes. Drill samples will be collected
continuously on 3 m (10 ft) i ntervals and analyzed for lithium and associated elements. Water samples
will be collected periodically as the hole progresses and will be analyzed for lithium, associated elements,
and physical properties (conductivity, pH, TDS). Downhole geophysical log ging will be performed by
Southwest Exploration Services of Chandler, Arizona to identify permeable/aquifer zones and zones of
conductivity. Aquifer water will be sampled using downhole packers to isolate the aquifer intervals.
Previous drilling by Belmont reached a depth of 457 m (1498 ft) in playa sediments outside of the MT
anomaly.
NI 43-101 Disclosure
Robert (“Bob”) G. Cuffney, Certified Professional Geologist, a Qualified Person as defined by National
Instrument 43-101, has reviewed and approved the technical information in this news release.
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
-Facebook https://www.facebook.com/Nevadalithium/
-Twitter https://twitter.com/Belmont_Res
Belmont has recently optioned 31 mineral claims encompassing approx. 7 sq.km; located 24 km northwest of Saint
John, New Brunswick – the Mid Corner/Johnson Croft – a Zinc, Cobalt prospect.
On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560
acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley,
Nevada-U.S.A. The Comp any believes the property to be highly prospective to host lithium. Subsequent ground
geophysics & gravity surveys, surface sampling and a two hole - 2046 ft. diamond drill program have confirmed the
presence of lithium on Kibby.
In June 2018 ; the Company has updated its land position staking, and now holds 126 x 20 acre additional placer
mineral claims totaling approx. 1,020 hectares ( 2,520 acres) , adjoining the Kibby 16, for a total Kibby Basin land
position (the “Property”) to 2,056 hectares (5,080 acres).
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture
opportunities for its two significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the
Uranium City District in Northern Saskatchewan, Canada
ON BEHALF OF THE BOARD OF DIRECTORS
“James H. Place”
James H. Place
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 a nd 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 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 fulfill ed and we may not be able to
organize and carry ou t an exploration program in 2016 ; 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 Vent ure Exchange) accepts responsibility
for the adequacy or accuracy of this news release.