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Belmont Resources Inc.
Summary
| Project: | Kibby Basin | |
|---|---|---|
| Deposit: | Kibby Basin | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 11/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-11-2018: Belmont Resources Inc. announces an Exploration/Drilling Update report for its Kibby Basin deposit at the Kibby Basin project. Drilling results incl. 139ft @ 393ppm Li from 1389ft. Vancouver, B.C. Canada, November 1, 2018; (“Belmont Resources I | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Cuffney (Internal) | |
| ABSTRACT: | Vancouver, B.C. Canada, November 1, 2018; (“Belmont Resources Inc. (“Belmont” or the “Company”) (TSX.V:BEA; FSE: L3L1; DTC Eligible – CUSIP 080499403). Kibby Basin – Plans are Underway for November Drilling Start Belmont continues with Harris Exploration Drilling and Associates of San Diego, California to undertake further exploration drilling at Belmont’s Kibby property. Exploration will include down-hole geophysical surveys in conjunction with drilling, in order to identify lithium brine prospective permeable and conductive zones above and within the conductive anomaly identified by Quantec’s MT survey from February, 2018 (see Belmont News Release March 1, 2018). Using geophysical survey results concurrent with drilling is intended to allow Belmont’s crew to obtain groundwater samples that are representative of the layers of interest. As with previous drilling, sediment samples will be collected and logged throughout the advancement of the holes. Kibby Basin – Additional Assay Results below 1270 feet Previous news release (September 12, 2018) described assays from samples between 970’ and 1210’ (240’ thickness) that contained an average of 390 ppm lithium. On September 28th we reported 20 samples which exceeded 100 ppm Li with seven (7) samples assaying greater than 375 ppm, and up to 580 ppm Li at 1791 feet. Belmont has received the results of the remaining 59 core samples from the lower section of drill hole KB-3. The results are further encouraging, as follows (Table 1): Assay results from ALS Canada of North Vancouver, B.C., show consistently high levels of lithium in the core between 1270 feet and the bottom of the hole at 1798 feet including a 139- foot intersection between 1389 and 1528 feet that had a weighted average of 393 ppm lithium (Table 1). Of the additional 59 samples tested, 6 were above 500 ppm, and 41 were above 300 ppm. | |
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