Business
Belmont Engages Consultant to Assess Pathfinder-Greenwood Gold Camp Project; Karim Rayani Resigns as Director
VANCOUVER, BC / ACCESSWIRE / May 9, 2019 / Belmont Resources Inc. ("Belmont"), (or the "Comp...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Engages Consultant to Assess Pathfinder-Greenwood Gold Camp Project; Karim Rayani Resigns as DirectorVANCOUVER, BC / ACCESSWIRE / May 9, 2019 / Belmont Resources Inc. (\"Belmont\"), (or the \"Company\"), (TSX-V: BEA; FSE: L3L1; DTC Eligible - CUSIP 080499403).Pathfinder Property update:Further to our news release of March 28, 2019. The Company has increased its land position by an adjoining 42.22 ha to a total of 295.56 ha. The Company has also reviewed further exploration results completed by Kingsman Resources in 2008 & 2009, who conducted a trenching program, a drill program of 15 DDH at the Pathfinder workings, and 2 drill holes at the adjacent Diamond Hitch prospect; both within the Belmont claims.Belmont has engaged a geological consultant to visit the property to complete an initial assessment of the property. As such the proposed work will include: A review of previous work to ascertain main areas of interest and possible areas overlooked by earlier investigations; A field program visiting previously reported workings, trenches, and drilling sites in the area, with rock grab or chip samples to be taken for assaying where appropriate; Geological, alteration, and structural mapping of areas immediately surrounding the largest workings (Pathfinder, Little Bertha, and Diamond Hitch), with prospect-scale mapping (1:5,000) of the area; Digitizing field data, correlating findings with previous work, and completing a brief report on these findings and main areas of interest including recommendations for a more detailed summer exploration program to followup.Belmont anticipates the field work to be completed this month.The Greenwood Gold District is already reporting significant exploration programs underway this year, such as drilling and trenching, and expects this to continue throughout the year. 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).Karim Rayani resigns as a Director:The Board wishes to thank Karim Rayani for contribution to the Company; and wishes him well in his other commitments and endeavors. Mr. Rayani will continue on as an advisor/consultant to the Board with respect to ongoing financing and project generation. Mr. Rayani has a global network of financial contacts with a focus on institut...