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VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 16, 2016) – Belmont Resources Inc. (TSX VENTURE:BEA)(FRANKFURT:L3L1)(OTC PINK:BEAAF) (“Belmont”, or the “Company). Further to the news release of June 10, 2016 which outlined the completion of the Geophysical Review, the Company has engaged Magee Geophysical Services LLC of Reno, Nevada to conduct the detailed gravity survey. The Property has potential to host lithium-bearing brines in a geologic setting similar to the continental brine model ascribed to Clayton Valley.
Gravity Survey:
The detailed gravity survey is recommended to map the central basin in sufficient detail so as to permit generation of a three dimensional model of the basin fill; providing the coverage to determine basin depth and delineate the structural setting. A total of 400+ stations are planned. These include 500m square grid coverage over the central basin and property flanked to the north and south by 1000m staggered grid coverage. Further afield regional stations are required to determine the large scale trend in which the detailed coverage sits.
Magee Geophysics is mobilizing to the Kibby Basin this week. The results of the survey will help outline the optimum testing areas for a direct push (Geoprobe) drilling and sampling program.
NI 43-101 Disclosure:
Ernest L. Hunsaker III, CPG 8137, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
Further information on the Technical Report describing the Kibby Basin Property dated May 26, 2016 can be reviewed as filed on SEDAR and on the Company’s website Project page at www.BelmontResources.com
ON BEHALF OF THE BOARD OF DIRECTORS
Vojtech Agyagos, CEO/President
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.
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Belmont Resources Inc.
(604) 683-6648
(604) 683-1350 (FAX)
[email protected]
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Thu, 16 Jun 2016 18:11:09 GMT
