| BELMONT & MONTORO
SURVEY RESULTS ON CRACKINGSTONE URANIUM PROJECT, URANIUM CITY
SASKATCHEWAN
Belmont Resources Inc. (“BEA”) and International
Montoro Resources Inc. (“IMT”) are pleased to
announce that they have received the results of the ground
geophysical survey for the Crackingstone uranium project located
8 km southwest of Uranium City, Saskatchewan. The program
consisted of 87 km of line cutting, which were surveyed with
a Gem Magnetometer and VLF-EM instrument. The data has been
correlated with known structures and recommends a soil sampling
program on the highest priority anomalies, followed by horizontal
loop electromagnetic surveys over key areas which will further
identify targets for diamond drilling. The magnetic and electromagnetic
surveys have identified regional faults and shear zones that
co-relates with known uranium showings. The ground VLF-EM
conductors were successful in defining the Chance Lake, Boom
Lake, Crackingstone and Bushell Bay Faults. Most of the known
uranium occurrences are contained within or proximal to these
faults.
The potential to identify targets associated with main structural
events at depth is excellent. Belmont and Montoro view these
results as key to its continued development of the Crackingstone
Uranium project, and is currently arranging for further exploration,
which will include diamond drilling as soon as a drill contractor
is available.
The property area contains 18 uranium showings which were
trenched, sampled and tested by numerous diamond drill holes,
with only a few of the showings drill tested to a depth of
100 meters. Two parallel uranium bearing shear / fracture
zones located on the northern portion of the property and
along the Chance Lake fault zone were tested with 41 shallow
percussion drill holes and 7 diamond drill holes along a 500
meter strike distance. Anomalous uranium mineralization was
also reported in many of the trenches. Previous exploration
on the property has demonstrated a grab assay of 12.53% U3O8,
a 46 ton hand sorted bulk sample assaying 0.5% U3O8, a 6.5
ton hand sorted bulk sample assaying 0.5% U3O8. Four samples
taken from a rock pile at Adit #7, during the 2006 property
visit from trenches along the strike of the fracture zone
along an east-west strike length of 275 meters assayed from
0.28% to 6.55% Uranium. This east-west fracture is located
about 150 meters west of the northeast trending Boom Lake
Fault.
A NI 43-101 technical report discussing this project can
be viewed on SEDAR.
Past production in the area came from four outside occurrences;
the Cinch, Lorado, Rix Smitty and Leonard occurrences. The
Cinch Lake and Rix Smitty mines produced a total 1,869,000
lbs. of U308.
This news release was reviewed and approved for technical
disclosure by R.A. Bernatchez, P. Eng., consulting geologist,
an independent qualified person under NI 43-101.
About Belmont Resources Inc.
Belmont Resources Inc. is an emerging mining company with
uranium projects located in the Central Mineral Belt Uranium
District in Labrador, the Uranium City District in Northern
Saskatchewan, and the Wollaston-Reindeer Lake area east of
the Athabasca Basin. Further information can be viewed at
the Company website at www.BelmontResources.com and www.sedar.com
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