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Belmont Resources Inc.
Summary
| Project: | Kibby Basin | |
|---|---|---|
| Deposit: | Kibby Basin | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2019: Belmont Resources Inc. announces an Exploration/Drilling Update report for its Kibby Basin deposit at the Kibby Basin project. Drilling results incl. 256.032m @ avg. >100ppm Li from 0m . On March 21, 2019 Belmont reported the completion of drill | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Cuffney (Internal) | |
| ABSTRACT: | On March 21, 2019 Belmont reported the completion of drilling KB-4 to a depth of 840 feet into lakebed sediments. The hole targeted a potential fault as interpreted from the geophysical survey data, which looks deep into sub-surface layers. Final assay results for sediments and groundwater at KB-4 have been received from ALS Laboratories of Reno, Nevada and North Vancouver, B.C. Lithium in the sediment samples averages above 100 parts per million (ppm) for the entire hole with a high of 127 ppm at 210 feet and a low of 38 ppm at 40 feet. Water samples were taken from the top 80 feet where a significant saturated layer was encountered and from various depths between 500 and 840 feet. Drilling mud was removed from the hole by pumping fresh water and compressed air into the depths while allowing uncontaminated groundwater to replace it. Samples of groundwater were taken as the drill hole clean-out progressed. Assays of the groundwater indicated the presence of saline, rather than fresh water that is rich in Sodium and Magnesium but low in Lithium (80 – 150 ppb). The presence of shallow aquifers containing saline groundwater with chemical composition similar to, but lower than that of lithium brines is encouraging for the discovery of lithium brines deeper in the basin. | |
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