Belmont Resources

Overview

Belmont Resources (TSXV:BEA) is an emerging resources company pursuing the acquisition and production of resource projects in the lithium, uranium, cobalt and zinc spaces, particularly in Canada and the United States.

The company’s Nevada property, the Kibby Basin project, is a lithium brine project totaling 6,020 acres in Esmeralda County, Nevada. Geological studies of Belmont Resource’s project has shown the presence of a significant lithium anomaly beneath the property’s surface.

Magnetotelluric testing of the project have indicated resistivity of 0.14 ohms, indicating high lithium concentration. Belmont Resources’ management have not seen this level of resistivity matched in any documentation made available by other companies in the region.

In Saskatchewan, Canada, Belmont Resources has partnered with Montoro Resources (TSXV:IMT) to acquire the Crackingstone River-Ruza project, a development-ready property where assays have shown values that include 6.55 percent uranium, 8 g/t silver and over 5,000 ppm lead. The project is located in a world-renowned jurisdiction distinguished for its mining-friendly climate.

Belmont Resources’ second Canadian venture is located nearby to Saint John, New Brunswick, where the company has staked out approximately seven square kilometers of prospective zinc and cobalt deposits. Historical exploration on the property has produced promising results and the property’s northeastern and western sections are nearly unexplored.

Belmont Resources Highlights

• Three projects in mining friendly jurisdictions of Nevada, Saskatchewan and New Brunswick
• The company has 40 years of resource experience
• Only exploration company currently in the Kibby Basin, Nevada
• Drill targets already located at the Kibby Basin project
• Uranium City project is development-ready
• Management and board control 10 percent of outstanding shares