Business
Belmont Acquires B.C. Gold Prospect in Historic Republic-Greenwood Gold District
VANCOUVER, BC / ACCESSWIRE / March 28, 2019 / (" Belmont Resources Inc. ("Belmont" or the "...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Acquires B.C. Gold Prospect in Historic Republic-Greenwood Gold DistrictVANCOUVER, BC / ACCESSWIRE / March 28, 2019 / (\"Belmont Resources Inc. (\"Belmont\" or the \"Company\") (TSX.V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499403).Belmont has entered into an arm's length acquisition agreement with David Heyman & Clive Brookes (the \"Vendors\"), to acquire 253.34 hectares of mineral claims which is part of the former Pathfinder Property, located in southern British Columbia, approximately 18 km north of Grand Forks, in the Greenwood Mining Division. The property covers a highly mineralized area at the northeastern edge of the Boundary Mining Camp; also known as the historically productive and larger Republic-Greenwood Gold District. Copper and gold mining in this camp dates back to the turn of the century. More recently, other companies carrying out exploration drilling in the area have announced outstanding intersections of precious metals.(ie. Ximen Mining Corp. -\"TSX.V:XIM\";GGX Gold Corp.- \"TSX.V:GGX\": and Grizzly Discoveries Inc. \"TSX.V:GZD\").The Belmont property is currently surrounded on 3 sides by claims held by KG Exploration (Canada) Inc. (a wholly owned subsidiary of Kinross Gold Corporation). See area map: A great deal of historical prospecting, outcrop sampling, diamond drilling, and, more recently, magnetic survey and soil sampling has been carried out throughout the property and there is evidence of old mine workings in several locations on the former Pathfinder property, some going back to the late 1800's.In the late 1990's systematic and integrated exploration programs by Cassidy Gold Corp resulted in the discovery of several vein and skarn showings/zones with geophysical and geochemical anomalies in the area. Following up on Cassidy's work, Conlon Resources Corp optioned the property in May of 2000 and carried out more thorough soil sampling and geochemical analysis on the property. The work by Conlon, carried out and documented by R.C. Wells, P.Geo. of Kamloops Geological Services Ltd (Dec 2000 report) identified several prospective targets and recommended further study, including core drilling of high-probability areas.In R.C. Well's December, 2000 report for Conlon he states; \"The gold-silver mineralization at Pathfinder has several features in common with the past producing mines i...