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BEA Belmont Resources Inc

0.03
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Belmont Resources Inc TSXV:BEA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.025 0.03 0.03 0.03 0.03 1,000 20:41:44

Belmont Resources Inc.: Induced Polarization Survey Completed on Berthiaume Property-Abitibi Greenstone Belt, Northwestern Qu...

09/01/2013 1:00pm

Marketwired Canada


Belmont Resources Inc. ("Belmont", the "Company" or "BEA") (TSX
VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L) is pleased to update the progress
on the Berthiaume (the "Be") property.


Geosig Inc. of Quebec completed approx. 46.2 km. of induced polarization (TDIP)
geophysical survey with a dipole-dipole electrode configuration on the three
areas line cut, and as recommended in the NI 43-101 Report to establish the
potential of the structural features of the property. A provision for drilling
has been budgeted to test the IP anomalies from the IP survey interpretation,
which is expected in a couple of weeks.


The Be Property is located halfway between the towns of Matagami and
Lebel-sur-Quevillon, located in the prolific Abitibi greenstone belt of
northwestern Quebec. It consists of two designated claim blocks of eight claims
covering 447.84 ha (West Block) and 23 claims covering 1,287.56 ha (East Block).


Joutel Property - Exploration Planning

The Company will also be considering recommended line cutting and IP work next
on its Joutel Township optioned property. Significant activity has been
announced recently by other exploration companies in the Joutel area such as:
Bold Ventures Inc. ("BOL")-December 7/12 nr; Visible Gold Mines ("VGD")-December
4/12 phase 2 drilling nr; and Globex Mining ("GMX")-November 5/12 nr announcing
recent acquisition of 100% interest in the former Joutel copper mine (copper,
zinc, silver) where Globex already has landholdings that include the 100% owned
Eagle gold (gold, silver) and Poirier mines (copper, zinc, silver, gold), and a
large package of prospective claims with excellent exploration potential.


About Belmont Resources Inc.

The Company has recently entered into a property option agreement to acquire
four groups (51) mineral claims, representing 2,254.27 hectares located in the
Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi
Harricana-Turgeon volcanic greenstone of northwestern Quebec. This belt hosts
several world class deposits that have produced both gold and base metals.


In February 2010 the Company entered into an option to acquire 100% interest in
3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property
located approximately 35 km. northeast of the town of Atikokan and adjoining on
strike to the north-northeast with the Osisko Mining Corp. (former Brett
Resources Inc.) "Hammond Reef" gold deposit.


Belmont (50/50) with International Montoro Resources Inc. has acquired and
explored two significant uranium properties (Crackingstone - 982 ha & Orbit Lake
- 11,109 ha) in the Uranium City District in Northern Saskatchewan.


Further information can be obtained from the Company website at
www.belmontresources.com and www.sedar.com, or by phoning 604-683-6648.


ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, Corp. Secretary/CFO/Director

The statements used in this Press Release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Companies forward-looking statements and
expectations.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Belmont Resources Inc.
604-683-6648
604-683-1350 (FAX)
belmontr@telus.net
www.belmontresources.com

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