Vancouver, B.C. Canada, April 18, 2017 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; ("Belmont", or the "Company").
Kibby Basin Drilling:
Belmont has engaged Harris Exploration Drilling and Associates Inc. ("Harris Drilling"), a California company to commence drilling and mobilizing on the Kibby property as early as April 20th, 2017.
Harris Drilling will be using a track mounted maxi-drill mp18 core drilling rig c/w HQ rods and drilling 3.875 inch diameter holes. The previous drilling program using a sonic drill was terminated. Harris Drilling has had extensive experience drilling in the Clayton Valley lithium brines, in recovering core in unconsolidated lake bed sediments, and in lithium brine testing with their own special geoprobe wire line instrument proprietary to Harris Drilling.
Robert Cuffney, Exploration Geologist has recommended the first holes based on the results received by the ground geophysics report and gravity survey completed in 2016. The proposed drill holes are designed to test the eastern basin-bounding fault, where lithium brines are likely to well up in the structural zone, analogous to the concentration of lithium brines along the Paymaster fault in Clayton Valley; and to test the stratigraphy near the central axis of the basin. The holes will test for porous basin sediments, which could serve as aquifers for lithium brines. The HQ drilling program is planning that the first hole may test as deep as 1000 feet, double the previously targeted depth of 500 feet by sonic drilling.
Both rocks and formation water will be sampled and analyzed for lithium. Water will be tested for conductivity as the holes are drilled and water samples will be analyzed for physical properties (conductivity, total dissolved solids, pH) to help identify brine-bearing aquifers.
NI 43-101 Disclosure
Robert ("Bob") G. Cuffney, Certified Professional Geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
About Belmont Resources Inc.
Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, U.S.A.
On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada-U.S.A. The Company believes the property to be highly prospective to host lithium.
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724 hectares ( 4,260 acres), adjoining the Kibby 16, increasing the total Kibby Basin land position (the "Property") to 2760 hectares (6,820 acres).
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opportunities for its two significant uranium properties (Crackingstone -982 ha & Orbit Lake - 11,109 ha) in the Uranium City District in Northern Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2016; and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.