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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.: Technical Report on Berthiaume Property-Abitibi, Quebec

19/09/2012 2:00pm

Marketwired Canada


Belmont Resources Inc. ("Belmont", the "Company" or "BEA") (TSX
VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L) is pleased to announce the receipt
of the first of three Technical Reports prepared by Consultations Geo-logic
("Geo-logic") of Quebec, an independent geological engineering consultant. The
Technical Report is filed on SEDAR under the Company's SEDAR profile. 


The Technical Report on the Berthiaume (the "B") Property has been prepared in
accordance with NI 43-101 Standards of Disclosure for Mineral Properties and
complying with NI 43-101A. 


The property was acquired on the basis of physiographic and geophysical data
that could indicate the presence of volcanic centers. The general geological
context remains favorable for other model deposits and exploration towards these
models will return data that will serve to establish if the volcanic centers
model can be supported.


Property Location & Access

The B Property is located halfway between the towns of Matagami and Lebel-sur-
Quevillon, Abitibi, 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). Some fifty km. north of Lebel-sur-Quevillon, access to the property is
provided by a main logging road (R-1000) leading to Matagami, and a further
logging road that passes between the two blocks of claims, followed by a network
of well-graveled roads that cut across the property.


History & Observations

Previous exploration was completed by Umex (1971), Shell Canada (1980) and
Noranda Exploration (1983). In each case, exploration was directed at the many
east-west conductive zones observed on the interpretation maps, with a target of
volcanogenic massive sulphide mineralization detectable by EM airborne surveys.


Only Umex drilled a few holes, intersecting semi-massive pyrite-pyrrhotite
mineralization and graphitic sediments with traces of sulphides. A grade of
1.72% Zinc over 6.0 feet is reported in hole V118.


In 1987, Falconbridge Ltd. staked a large property that at the time include both
"B" blocks. This time gold was the focus of the exploration work. Basal till
sampling from drilling was completed over a wide area, including the south
portion of the current "B" property. No anomalies were reported and background
values for gold were found to be low.


Mapping from these previous explorers and regional mapping carried out by the
MRNF in 1993 indicates that the area belongs to the Harricana-Turgeon Belt and
that most of the property is underlain by clastic sediments of the Taibi Group.
A particular feature of the property is a high relief located in the northern
half of the East Group, where a wedge of mafic volcanites interrupts the
sedimentary sequence. The volcanites show as a relatively isolated magnetic high
on the geophysical map.


The Harricana-Turgeon Belt hosts numerous volcanogenic massive sulphide
occurrences in an area of bimodal volcanism (mafic to felsic cycles). It also
hosts some large gold occurrences along east-west structures, such as the
Casa-Berardi occurrences.


The absence of felsic volcanites on the "B" property but the presence of many
major longitudinal and cross-cutting faults is considered to suggest better
potential for gold than for base metals.


Recommendations

The authors recommend an exploration program to establish whether mineralization
is associated to the major faults identified on the East Block. On the West
Block, a small program is recommended in an attempt to identify the origin of an
Input anomaly.


The two-phase program includes IP geophysical surveys to cover the potential
zones of mineralization. A provision is made for some follow-up drilling.


Qualified Persons

Mr. Alain Tremblay, B.Sc.A., and Mr. Henri-Louis Jacob, B.Sc.A, Geological
Engineers, who are Qualified Persons as defined by NI 43-101 have reviewed and
approved the technical information above in this news release.


Other

The Company has granted 200,000 incentive stock options to consultants at a
price of $0.12 for a period of three years. All securities are subject to
regulatory approvals and the Company's Stock Option Plan.


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. The Company
also holds interests (50/50 with Int. Montoro Res.) in one rare earth mineral
claim block in the Central Mineral Belt in Labrador.


Further information can be obtained from the Company website at
www.BelmontResources.com and www.Sedar.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Vojtech Agyagos, President/CEO/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.


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