Mr. George Sookochoff reports
BELMONT RESOURCES APPOINTS VETERAN GEOLOGIST BRUCE LAIRD, P.GEO., TO LEAD EXPLORATION PROGRAMS ON CBC & A-J PROJECTS
Belmont Resources Inc. has hired Bruce Laird, PGeo, as consultant geologist and independent qualified person as defined in National Instrument 43-101.
Mr. Laird will lead the exploration activities and advancement of the geological understanding of Belmont's Come By Chance and A-J projects in Southern British Columbia.
Bruce Laird, PGeo, is a seasoned geologist and project manager with over two decades of experience in mineral exploration across British Columbia, Canada, the United States, Mexico, Central America and the Caribbean. Since 2004, he has worked as a self-employed consulting geologist, managing mineral exploration programs and providing project management services to a variety of exploration companies in British Columbia.
Laird has extensive expertise in geological data collection, quality assurance/quality control and interpretation with hands-on experience, managing exploration programs for porphyry copper, gold and molybdenum projects, as well as low sulphidation epithermal gold, volcanic massive sulphide and Sedex systems. Notably, he contributed to the discovery of the Main Ridge epithermal gold mine in Jamaica and the Chiquibul gold mine in Belize, and served as project geologist for several years on the Woodjam copper/gold/molybdenum porphyry project in British Columbia.
"We are very pleased to welcome Bruce Laird to the Belmont team as consultant geologist and independent qualified person," commented George Sookochoff, president and chief executive officer of Belmont Resources. "Bruce's extensive experience and proven track record in mineral exploration, both in British Columbia and internationally, will be invaluable as we advance our Come By Chance and A-J projects. His hands-on expertise in a range of deposit types and his leadership in successful discovery programs will greatly enhance our technical capabilities and support our commitment to delivering value to our shareholders."
About Belmont Resources Inc.
Belmont has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earth projects located in British Columbia, Saskatchewan, Washington and Nevada states.
Flagship projects:
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Come By Chance copper-gold porphyry target -- British Columbia:
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Compelling porphyry target
identified: Exploration results are vectoring toward a large, untested coincident magnetic, chargeability, resistivity geophysical anomaly. This multicoincidence anomaly is considered one of the most promising targets for a vertically extensive porphyry centre.
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The 2022 phase 1 drilling identified the propylitic
outer perimeter of the potential porphyry system.
- Second quarter 2025 phase 2 drilling is scheduled
to test this high-priority potential mineralized porphyry core.
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Athelstan-Jackpot (A-J) gold -- British Columbia:
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A-J gold project, which includes two past-producing gold mines -- Athelstan and Jackpot - that yielded 7,600 ounces of gold and 9,000 ounces of silver (Minfile 082ESE047).
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Extensive surface gold mineralization: A 1,500-metre gold trend with widespread surface gold mineralization has been identified.
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Potential resource estimate: Previous trenching and sampling suggest a potential resource of 2,000 to 5,000 ounces of gold in surface and near-surface mineralized areas (2002 summary report by R.E. Miller, PGeo).
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Exploration focus: Belmont is investigating the potential for economic gold grades in minable surface and near-surface ore zones along this trend.
- Coming drilling program: In third quarter 2025, drilling will target southwest-trending linear high-resistivity zones identified as potential feeders originating from the Jackpot fault. The Jackpot fault may be providing conduit for mineralized hydrothermal mineralized solutions to surface.
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Crackingstone uranium
-- located in Saskatchewan's uranium-rich Athabasca basin:
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Exceptional high-grade uranium
potential: The property has demonstrated historic grab sample grades of up to 15.6 per cent triuranium octoxide. Previous mining on the site produced 11 tons at an average grade of 2.3 per cent U3O8 (a qualifying National Instrument 43-101 report on the Crackingstone River-Ruza property, Beaverlodge district southeast of Uranium City, Sask., for Belmont, by R.A. Bernatchez, PEng, consulting geologist, July 11, 2006).
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Extensive mineralized corridors: Three major conductive and structural mineralized corridors, totalling 10 kilometres in length, have been identified and are associated with high-grade uranium occurrences.
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Comprehensive drilling program: Belmont has submitted a permit application for a two-year drilling initiative, which includes 40 drill holes totalling 10,000 metres. This program reflects the company's confidence in the property's potential to host significant uranium resources.
- Situated just six kilometres from Uranium City, the Crackingstone property benefits from excellent infrastructure, including road access, power availability and logistical support. Belmont's exploration efforts also include evaluating rare earth element potential on the property, further enhancing its strategic importance.
Optioned-out projects:
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Lone Star copper-gold -- Washington State:
50 per cent optioned to Australian Marquee Resources; MQR has spent $2.5-million in drilling, completed new resource in December, 2022, and a preliminary economic assessment in November, 2023
(news release dated Nov. 29, 2023);
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Kibby Basin lithium -- Nevada state: 80 per cent optioned to Australian Marquee Resources; project located 60 kilometres north of the lithium-rich Clayton Valley basin; MQR has spent $2.5-million in drilling in 2022 for potential deep-seated lithium brine; 2022 drilling confirmed high levels of lithium-bearing sediments along with dissolved lithium in the groundwater
(news release dated Dec. 8, 2022).
NI 43-101 disclosure
Laurence Sookochoff, PEng, independent consultant for Belmont,
is a qualified person for the purposes of National Instrument 43-101, and has reviewed and approved the technical content in this news release.
We seek Safe Harbor.
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