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Belmont Expands Nevada Kibby Basin Lithium Claims by Over 500% (re-issue)
(TheNewswire) Vancouver, B.C. Canada - TheNewswire - February 28,...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Expands Nevada Kibby Basin Lithium Claims by Over 500% (re-issue)\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada -\n \n \n TheNewswire -\n \n \n February 28, 2021 -\nBelmont Resources Inc. (“Belmont”), (or the “Company”),\n(TSXV:BEA\n \n \n )\n \n \n (\n \n \n FSE:L3L2\n \n \n )\n \n \n is\npleased to announce that it has staked an additional 10,868 acres\n(4,398 ha) covering nearly the entire Kibby Basin bringing the total\nclaim area to 16,012 acres (6,480 ha). With the additional claims\nBelmont now controls land covering most of the entire Kibby\nBasin.\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n The Kibby Basin lithium property is approximately\nhalfway between Las Vegas and Reno; and approximately sixty kilometers\nnorth of Clayton Valley Basin with Albemarle Corporation’s lithium\nbrine producing operations (Silver Peak Mine).\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n George Sookochoff, President & CEO commented\n“Lithium is back, and so is our Kibby lithium project!\n \n \n \n \n Now that the first phase of drilling at our AJ gold\nproject is near completion and we await drill sampling results and\nwith the markets showing a strong renewed interest in lithium, we are\nvery anxious to also refocus our attention to our Kibby Lithium\nproject. Upon re-analyzing our geophysical and drilling data we now\nbelieve the potential for both brine and clay lithiums in the Kibby\nBasin is actually larger than we originally had thought which is why\nwe have now significantly increased our land position to cover nearly\nthe entire Kibby Basin.”\n \n \n \n \n Kibby Basin\n \n \n \n \n The Kibby Basin fits the model for lithium brines\ndeveloped by Bradley, et al (2013) and shares many characteristics\nwith Clayton Valley, where lithium brines are being exploited,\nincluding: closed structural basin, large conductor at depth, lithium\nanomalies at surface and depth, evidence of a geothermal system, and\npotential aquifers in porous ash and gravel zones.\n \n \n \n \n Gravity Survey Models Large\nBasin\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n A gravity survey and a subsequent report by James L.\nWright M.Sc titled “\n \n \n Kibby\nBas...