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Belmont Resources Inc (3)
Symbol BEA
Shares Issued 68,430,308
Close 2018-04-17 C$ 0.05
Market Cap C$ 3,421,515
Recent Sedar Documents

ORIGINAL: Belmont awaits drilling approval for Kibby basin

2018-04-18 02:57 ET - News Release

Received by email:

File: BEA.Apr.18.18 Updates Q-2 Drill & Exploration Well Permitting,Drill Contractors-Final.2.docx

 
BELMONT UPDATES: 2018-Q2, NEVADA, LITHIUM/BRINE DRILL PROGRAM

BLM Drill Permits - State of Nevada Division of Minerals - Drill Contractors

Vancouver, B.C. Canada, April 18, 2018 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1;   DTC Eligible - CUSIP 0804994
--->03  ); ("Belmont", or the "Company).

Belmont CEO/President Jim Place, P.Geo., has returned from Nevada where he met with the company's geologist, Bob Cuffn
--->ey and other person's critical to the project,  including a visit to the Kibby Basin Lithium brine  property 

Drill sites and proposed access roads were marked on the ground and surveyed in order to provide information for BLM i
--->nspection and permit approval. Several surface samples of the playa soils were taken at the same time to be shipped to
---> a company that has developed technology to recover lithium from soils and has asked Belmont to allow them to evaluate
---> the Kibby materials.

While in Carson City, Nevada the Belmont team had a very informative and productive meeting with senior Administrators
---> and Program Managers with the State of Nevada Commission on Mineral Resources, Division of Minerals who presented the
---> new dissolved mineral regulations and exploration well drilling rule changes as well as the process for water rights 
--->application. The information received during this meeting will significantly streamline Belmont's permitting process f
--->or the next phase of exploration.

Belmont has submitted the NOI application for test hole drilling at Kibby to the US Bureau of Land Management (BLM) of
--->fice in Tonapah, Nevada. Staff from the BLM will visit the property to inspect the drill hole sites and access roads a
--->s well as to carry out archeological investigation of the nearby area. Once this is completed and Belmont's bonding is
---> approved drilling can begin on the property. It is expected that approval will be received in approximately 2 weeks. 
--->Immediately following BLM approval, application will be made to the Nevada Division of Minerals for an 'Exploration We
--->ll Permit'. This permit will allow Belmont to not only take core samples of soils and groundwater in the basin but to 
--->also  construct a well site where flow rates can be tested for any aquifers that are encountered. This testing can be 
--->carried out for a period of 2 years and can include the withdrawal of up to a total of 5 acre feet of flow (approximat
--->ely 61.7 million litres).

Place and Cuffney also met with a drilling contractor to discuss specialized methods of drilling and sampling for the 
--->up-coming work at Kibby. Belmont has tentatively selected this drilling company for the work but this has not been con
--->firmed, pending scheduling, and is therefore confidential. In order to comply with recently adopted State of Nevada re
--->quirements Belmont is pleased that the drilling contractor selected for Kibby Basin lithium brine exploration has, on 
--->staff, State licenced well drillers who will be on location at all times that work is carried out.


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.

For further information see our Website at:  www.BelmontResources.com 
 -Facebook https://www.facebook.com/Nevadalithium/
 -Twitter     https://twitter.com/Belmont_Res

Belmont has recently optioned 31 mineral claims encompassing approx. 7 sq.km; located 24 km northwest of Saint John, N
--->ew Brunswick - the Mid Corner/Johnson Croft - a Zinc, Cobalt prospect.

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.  T
--->he Company believes the property to be highly prospective to host lithium.  Subsequent ground geophysics & gravity sur
--->veys, surface sampling and a two hole- 2046 ft. diamond drill program have confirmed the presence of lithium on Kibby.

On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims t
--->otaling approx. 1724 hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position 
--->(the "Property") to 2,760 hectares (6,820 acres).

In 50/50 ownership  with International Montoro Resources Inc., Belmont  has acquired and is exploring joint venture op
--->portunities for its  two significant uranium properties (Crackingstone -982 ha & Orbit Lake - 11,109 ha) in the Uraniu
--->m City District in Northern Saskatchewan, Canada  

 ON BEHALF OF THE BOARD OF DIRECTORS
"James H. Place"
James H. Place, 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 res
--->ult 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 inclu
--->de, 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 explorat
--->ion program in 2016; and other risks associated with being a mineral exploration and development company. These forwar
--->d-looking statements are made as of the date of this news release and, except as required by applicable laws, the Comp
--->any assumes no obligation to update these forward-looking statements, or to update the reasons why actual results diff
--->ered 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 T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.  



File: BEA.Apr.18.18 Updates Q-2 Drill & Exploration Well Permitting,Drill Contractors-Final.2.pdf

BELMONT RESOURCES INC.
#600   625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: gmusil@belmontresources.com




               BELMONT UPDATES: 2018-Q2, NEVADA, LITHIUM/BRINE DRILL PROGRAM

                    BLM Drill Permits   State of Nevada Division of Minerals   Drill Contractors

Vancouver, B.C. Canada, April 18, 2018   Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC Eligible
  CUSIP 080499403 ); ("Belmont", or the "Company).

Belmont CEO/President Jim Place, P.Geo., has returned from Nevada where he met with the company's geologist,
Bob Cuffney and other person's critical to the project, including a visit to the Kibby Basin Lithium brine property

Drill sites and proposed access roads were marked on the ground and surveyed in order to provide information for
BLM inspection and permit approval. Several surface samples of the playa soils were taken at the same time to be
shipped to a company that has developed technology to recover lithium from soils and has asked Belmont to allow
them to evaluate the Kibby materials.

While in Carson City, Nevada the Belmont team had a very informative and productive meeting with senior
Administrators and Program Managers with the State of Nevada Commission on Mineral Resources, Division of
Minerals who presented the new dissolved mineral regulations and exploration well drilling rule changes as well as
the process for water rights application. The information received during this meeting will significantly streamline
Belmont's permitting process for the next phase of exploration.

Belmont has submitted the NOI application for test hole drilling at Kibby to the US Bureau of Land Management
(BLM) office in Tonapah, Nevada. Staff from the BLM will visit the property to inspect the drill hole sites and
access roads as well as to carry out archeological investigation of the nearby area. Once this is completed and
Belmont's bonding is approved drilling can begin on the property. It is expected that approval will be received in
approximately 2 weeks. Immediately following BLM approval, application will be made to the Nevada Division of
Minerals for an `Exploration Well Permit'. This permit will allow Belmont to not only take core samples of soils
and groundwater in the basin but to also construct a well site where flow rates can be tested for any aquifers that ar
--->e
encountered. This testing can be carried out for a period of 2 years and can include the withdrawal of up to a total o
--->f
5 acre feet of flow (approximately 61.7 million litres).

Place and Cuffney also met with a drilling contractor to discuss specialized methods of drilling and sampling for the
up-coming work at Kibby. Belmont has tentatively selected this drilling company for the work but this has not been
confirmed, pending scheduling, and is therefore confidential. In order to comply with recently adopted State of
Nevada requirements Belmont is pleased that the drilling contractor selected for Kibby Basin lithium brine
exploration has, on staff, State licenced well drillers who will be on location at all times that work is carried out.


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.

For further information see our Website at: www.BelmontResources.com
          -Facebook https://www.facebook.com/Nevadalithium/
          -Twitter https://twitter.com/Belmont_Res

Belmont has recently optioned 31 mineral claims encompassing approx. 7 sq.km; located 24 km northwest of Saint John, N
--->ew Brunswick   the
Mid Corner/Johnson Croft   a Zinc, Cobalt prospect.

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 t
--->he property to be
highly prospective to host lithium. Subsequent ground geophysics & gravity surveys, surface sampling and a two hole- 2
--->046 ft. diamond drill
program have confirmed the presence of lithium on Kibby.

On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims t
--->otaling approx. 1724
hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the "Property") to 2
--->,760 hectares (6,820
acres).
 In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opp
--->ortunities for its two
significant uranium properties (Crackingstone -982 ha & Orbit Lake   11,109 ha) in the Uranium City District in Northe
--->rn Saskatchewan,
Canada

 ON BEHALF OF THE BOARD OF DIRECTORS
"James H. Place"
James H. Place, 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 ris
--->k factors beyond its control. Forward looking
statements in this news release include statements about the possible raising of capital and exploration of our proper
--->ties. Actual events or results could differ
materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, amon
--->g 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, th
--->e Company assumes no obligation to update
these forward-looking statements, or to update the reasons why actual results differed from those projected in the for
--->ward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this news release.
 


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