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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 Generates Encouraging Results on the Berthiaume Property-Abitibi Greensto...

12/02/2013 1:00pm

Marketwired Canada


Belmont Resources Inc. ("Belmont", the "Company" or "BEA") (TSX
VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L) is pleased to report very
encouraging results of the Induced Polarization ("IP") geophysical survey
conducted on the Berthiaume (the "Be") property.


As recommended in the NI 43-101 report, Geosig Inc. of Quebec completed approx.
44.4 km. of IP surveying with a dipole-dipole electrode configuration on the
three areas line cut to establish the potential of the property's structural
features.


West Grid:

The only previous work done by Noranda showed one unexplained EM anomaly. The IP
survey led to the detection and description of a series of new anomalies, some
of which correspond to magnetic layers or Input conductors. Surprisingly,
because of the indication on the resistivity map, stripping and trenching of the
West Grid could be carried out to explain most of the anomalies, as the
overburden seems to be shallow. Detailed mapping, prospecting and rock chip
sampling along the strike extensions of zones of interest should be considered.
Subject to the results of the above, a diamond drilling program should be
considered in order to test high-priority anomalous zones and strong IP
anomalies that could not be explained by stripping.


Central Grid:

The Iserhoff River is believed to be the site of a regional fault with a diabase
dyke intruded in it. The dyke produced a magnetic anomaly. Because of the thick
overburden, a diamond drilling program should be considered to test the gold
occurrences along east-west structures, such as the Casa-Berardi occurrences.


East Grid:

Previous work consisted of eight drill holes and a ground EM and Mag survey. The
previous drill grid was centered on the magnetic anomaly. The present grid was
centered on the main magnetic anomaly and its surroundings, and the drill holes
cut an oxidized mineralized volcanite containing layers of massive
pyrrhotite-pyrite with Zn and Cu and graphite-pyrite beds in sediments of the
volcanic piles. The main magnetic plug is an isolated occurrence of lavas, cut
on all sides by faults in contact with sediments. The northern half of the plug
seems to have the strongest IP anomalies, which extend beyond the edges of the
plug itself. This would indicate that we are in the presence of a Precambrian
gold-silver vein system intruding sheared volcanic terranes scattered along a
regional lithological contact between the volcanic domain and the Taibi
sedimentary domain. All the strong IP anomalies have input conductors associated
with them. The eight holes drilled by UMEX (Union Meniere Explorations and
Mining Corporation Limited) intersected many sulphide zones but no assays were
reported. A diamond drilling program should be considered to test the anomalous
zones, which could be associated with volcanogenic massive sulphide (VMS) and/or
sheared gold-silver bearing zones.


Location and Previous Work

The Be Property is located halfway between the towns of Matagami and Lebel-sur-
Quevillon, 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).


UMEX initiated exploration by carrying out ground EM and magnetic surveys in
1971, followed by eight diamond drill holes totaling 353.6 metres to test five
conductors.


This work was followed by further geological reconnaissance work by Shell Canada
in 1980 and geophysical and geological surveys by Noranda Explorations Inc. in
1983.


In 1987, Falconbridge carried out geological mapping, reverse circulation
overburden drilling and heavy minerals geochemical sampling on a large property
covering the East Block of the current Be property.


The current IP survey has defined new exploration targets on the Be property.

Qualified Persons

Yvan Bussieres, Eng., a Qualified Persons as defined by NI 43-101 has reviewed
and approved the technical information in this news release.


About Belmont Resources Inc.

The Company recently entered into a property option agreement to acquire four
groups of mineral (51) claims, representing 2,254.27 hectares 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 agreement to acquire a 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. The
property adjoins the "Hammond Reef" gold deposit, belonging to Osisko Mining
Corp. (former Brett Resources Inc.), along strike to the north-northeast.


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


Further information can be found on the Company's website at
www.BelmontResources.com and on www.Sedar.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, Corp. Secretary/CFO/Director

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 such forward-looking statements and the Company's expectations. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Belmont Resources Inc.
Gary Musil
Corp. Secretary/CFO/Director
604-683-6648
604-683-1350 (FAX)
belmontr@telus.net
www.BelmontResources.com

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