BELMONT RECEIVES SURFACE SAMPLE ASSAYS UP TO 29.2 GRAMS PER TONNE AT PATHFINDER PROPERTY, GREENWOOD GOLD CAMP, B.C.
Vancouver, B.C. Canada, July 30, 2019 - Belmont Resources Inc. ("Belmont", or the "Company"), (TSX.V: BEA; FSE: L3L1; DTC Eligible - CUSIP 080499502 -new).
Belmont has received a positive Summary Report from consulting geologist Chris Allen, who recently completed his visit to the 295.56 hectare Pathfinder property. The report gives details of surface rock sampling and compilation of previously published and un-published reports for the recently acquired Pathfinder property (See News Releases from March 28 & May 9, 2019)
The work carried out included a detailed literature review as well as five days on the property carrying out mapping of outcrops, old mine workings, and other significant features. Fifteen (15) surface rock samples were also collected from outcrops and old mine waste piles. Gold values ranged from 0.006 ppm Au (altered silty volcaniclastics) to 29.2 grams per tonne (g/t) Au (quartz-sulphide vein material), with seven (7) of the samples returning grades of >1 g/t Au along with elevated to anomalous silver and base metal values. The mapping and sampling program verified the presence of multiple zones of quartz sulphide vein and massive pyrite-pyrrhotite-chalcopyrite replacement/skarn mineralization that warrant follow-up. Analyses was carried out by ALS Canada of North Vancouver. See table below of selected assays from rock samples.
The property has had small scale, high grade gold mining with silver as an accessory product since the late 1800’s. Belmont will compile information from mining reports and studies carried out by other companies as well as the recent assay and survey data in order to plan the next stage of analysis and sampling at Pathfinder, including strategically locating drilling targets.
Figure 1: Location of previous trenching work carried out in 2008 showing channel sample of massive pyrite – pyrrhotite replacement of Triassic volcaniclastics and Cretaceous granodiorite
Figure 2: Old Collapsed Adit from the historic Pathfinder Workings.
NI 43-101 Disclosure: Robert A. (Bob) Lane, MSc, PGeo, and a Qualified Person as defined by National Instrument 43-101, visited the property with Chris Allen on July 24th, and has reviewed and approved the above technical information in this news release.
About Belmont Resources Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
“James H. Place”
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