Belmont Resources Inc. (“BEA”) (the “Company”) is pleased
to announce further developments from its exploration programs at the Crackingstone
– Orbit Uranium Projects located near Uranium City, Saskatchewan. The
Company and its partners International Montoro Resources (IMT on TSX.V) and
Ultra Uranium Corp. (ULU on TSX.V) have concluded that the Project areas have
significant potential for discovering new uranium mineralization. The recent
airborne radiometric and magnetic survey program carried out by the Company
and its joint venture partners covered a total area of 12,091 ha, and consisted
of 1,391 line km of 100 meter flight line spacing. The 100 meter line spacing
with low altitude and low survey speed of the helicopter-borne system provided
exceptional resolution and sensitivity, and has identified numerous NE-SW radiometric
anomalies in the northwest and southeast portion of the property. Many of these
new radiometric anomaly areas have had no previous exploration work. The joint
venture partners are awaiting the assay results from 290 channel and grab samples
taken from 25 known uranium showings on the Orbit-
Crackingstone
property this past summer. The samples were submitted to the Saskatchewan Research
Lab in Saskatoon, with results expected soon.
Airborne Survey Highlights
The Orbit Fault Zone is a major NE-SW structural feature crossing through the
property with a strike length of over 15 km. The airborne survey has identified
a total of four major uranium anomaly trends to the NW of this fault having
linear strike distances of 1 to 4.5 km long. The first area is located east
of Orbit Bay, and has a strike length of 4 km. A second uranium anomaly trend
is located just north of Orbit Bay and also has a strike length of 4 km. A third
uranium anomaly trend is located north, west and northwest of Showing #1451
(Beck #44 from L.S. Beck report “Uranium Deposits of the Athabasca Region”)
at Augier Lake. Other significant uranium anomalies are located to the west
and north of this showing. A fourth significant uranium anomaly trend of over
4.5 km in length is located along the west flank of the Orbit Fault near its
northeast extension on the property. Some of the strongest uranium anomaly trends
are located on the southeast portion of the property around the original Crackingstone
claim area, where over 18 significant uranium showings occur.
The Company and its partners have also recently returned from the Saskatchewan
Geological Survey Open House, and met with a number of individuals and groups
with experience in the exploration and development of uranium deposits in the
Athabasca region. Management will continue to discuss the Crackingstone –
Orbit Project developments with these parties, and looks forward to the commencement
of diamond drilling on selected targets in 2008.
This news release was reviewed and approved for technical disclosure by Raymond
Bernatchez, P. Eng. an independent qualified person under NI 43-101.
About Belmont Resources Inc.
Belmont Resources Inc. is focused on acquiring and developing uranium properties
in developed and emerging uranium districts, and continued development of mineral
projects in Ontario. Belmont owns uranium properties located in the Central
Mineral Belt Uranium District in Labrador, the Uranium City District in Northern
Saskatchewan and its 100% owned Wollaston/Reindeer Lake-Compulsion Bay area,
southeast Athabasca Basin, Saskatchewan. Further information can be obtained
from the Company website at www.BelmontResources.com and www.sedar.com , or
by phoning 604-683-6648 or 403-617-7609.
ON BEHALF OF THE BOARD
Gary Musil, CFO
Secretary/Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.