03:59:02 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Belmont Resources Inc (4)
Symbol BEA
Shares Issued 15,895,405
Close 2019-10-17 C$ 0.05
Market Cap C$ 794,770
Recent Sedar Documents

Belmont samples 5.22 g/t Au at Pathfinder

2019-10-17 09:38 ET - News Release

Mr. James Place reports

BELMONT WELCOMES GEORGE SOOKOCHOFF TO THE BOARD OF DIRECTORS AND RECEIVES ADDITIONAL SURFACE SAMPLE ASSAYS FROM ITS PATHFINDER GOLD PROJECT, GREENWOOD MINING CAMP

Belmont Resources Inc. has appointed George Sookochoff to the board of directors. Mr. Sookochoff has over 35 years of experience in the junior mining sector providing consulting services in the area of project development, data analysis, management and digital marketing. He holds a commerce degree (marketing-computer sciences) from the University of British Columbia.

He has served as a director for several junior mining companies and as past president and chief executive officer of International PBX Ventures Ltd., a TSX Venture Exchange company developing several copper porphyry and gold skarn projects in Chile. Mr. Sookochoff served recently as president of GGX Gold Corp. assisting in advancing and developing the significant high-grade Cod vein system along with numerous other vein systems on the GGX Gold Drop property in the Greenwood mining camp. Mr. Sookochoff also served as executive vice-president of Golden Dawn Minerals where one of his duties was data acquisition and analysis of exploration data in the Greenwood camp.

Mr. Sookochoff was born and raised in Grand Forks, B.C., and is quite familiar with the region and its rich mining history along with the importance that mining has played for the families of Grand Forks, Greenwood and area over the last 100 years.

Mr. Sookochoff commented, "Throughout my long career in the junior mining sector and having worked on numerous exploration projects around the world, it has always been my strong belief that the Greenwood mining camp, with its rich history in mining, still remains to be one of the best exploration areas in the world."

Jim Place, CEO/president, comments, "We are pleased to have George join our team and provide input in advancing and developing our Pathfinder gold project as well as assisting in search of other gold prospects in the historic camp."

Pathfinder -- further encouraging assays

Further assay results have been received on surface samples recently taken by Belmont's contract geologist Bob Lane, PGeo. Very encouraging gold, silver and copper results were identified for all samples as well as one anomalous cobalt value as seen in the included table.

Sample No.  Au (ppm)  Ag (ppm)  Cu (% and ppm)  Co (ppm)
                 g/t   
                              
PA 19-01       4.999     35.86           2.07%      45.1    
PA 19-02       0.153      6.46           6,234     148.8   
PA 19-03       1.329     14.07           6,540   1,486.8  
PA 19-04       4.374      19.5           6,667      31.7    
PA 19-06       2.172     14.31           6,551     931.6   
PA 19-07       5.228     17.39           7,302      47.9    

Belmont plans to follow up the surface rock sampling as soon as possible with a helicopter borne electromagnetic and magnetic survey (VTEM) to better target drilling the property.

NI 43-101 disclosure

Robert A. (Bob) Lane, MSc, PGeo, and a qualified person as defined by National Instrument 43-101, has reviewed and approved the above technical information in this news release.

Options granted

The company has also granted 50,000 options to Mr. Sookochoff at an exercise price of six cents. The options are exercisable for three years. The options are granted pursuant to the company's stock option plan, applicable regulatory policy, certain vesting provisions and subject to regulatory acceptance.

About Belmont Resources Inc.

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.