Belmont Resources Inc. ("Belmont", the "Company" or "BEA") (TSX
VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L) has entered into a property option
agreement to acquire four groups (51) mineral claims, representing 2,254.27
hectares located in the Berthiaume, Orvilliers and Joutel Townships, all located
within the Abitibi Harricana-Turgeon volcanic greenstone belt of Northwestern,
Quebec. This belt hosts several world class deposits that have produced both
gold and base metals. 


The Joutel block (15 claims) is just northeast of major past producers including
the Agnico-Eagle gold mine (6.1 Mt @ 6.57 g/t gold) and two base metal mines,
the Poirier Mine (4.8 Mt @ 1.97% Cu, 0.6% Zn, 4.57 g/t Ag) and Joutel Copper
(1.5 Mt @ 2.4% Cu, 2.9% Zn, 17.15 g/t Ag).


The Orvilliers block (5 claims) is midway between the Selbaie Mine (41 Mt @ 1%
Cu, 2% Zn, 0.65 g/t Au, 43 g/t Ag) and the Estrades base metal-gold deposit (1.0
Mt @ 0.94% Cu, 10.7% Zn, 182 g/t Ag, 5.5 g/t Au), and northeast of the
Casa-Berardi gold mine (+ 9.2 Mt @ 5.8 g/t gold).


The other two claim groups (8 and 23 claims), located in Berthiaume Township,
cover a massive sulphides occurence that provided both zinc and copper anomalies
from a previous drilling program.


All of these properties were selected on the basis of interpreted favorable
structures and lithologies. The fifteen claims block in Joutel is currently
under registration at the ministry and the validity period appearing into the
agreement will be amended as soon as the ministry will communicate its
confirmation.


Terms of the acquisition are:

- $25,000 upon execution of the agreement;

- 250,000 common shares and an additional $25,000 within ten days of regulatory
approval;


- a further 250,000 common shares and an additional $50,000 within one year; 

- a further 500,000 common shares and an additional $50,000 within two years; 

- a 2% NSR with the right to purchase 1/2 of 1% for the sum of $1 million prior
to bankable feasibility


The Company has commissioned an NI 43-101 geological report on the properties,
with recommendations for the first phase exploration program. The technical
portion of this release has been reviewed and approved by Alain Tremblay, geol.
eng., an independent qualified person as defined under NI 43-101.


About Belmont Resources Inc.

In February 2010 the Company entered into an option to acquire 100% interest in
3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property
located approximately 35 km. northeast of the town of Atikokan and adjoining on
strike to the north-northeast with the Osisko Mining Corp. (former Brett
Resources Inc.) "Hammond Reef" 10.53 million ounce gold deposit.


Belmont (50/50) with International Montoro Resources Inc. has acquired and
explored two significant uranium properties (Crackingstone -982 ha & Orbit Lake
- 11,109 ha) in the Uranium City District in Northern Saskatchewan. The Company
also holds interests (50/50 with Int. Montoro Res.) in one rare earth mineral
and one uranium claim block in the Central Mineral Belt in Labrador.


Further information can be obtained from the Company website at
www.BelmontResources.com and www.Sedar.com, or by phoning 604-683-6648.


ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, Corp. Secretary/CFO/Director

The statements used in this Press Release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Companies forward-looking statements and
expectations.


Belmont Resources (TSXV:BEA)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024 Click aqui para mais gráficos Belmont Resources.
Belmont Resources (TSXV:BEA)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024 Click aqui para mais gráficos Belmont Resources.