Belmont High Resolution Magnetic Survey Further Supports Copper-Gold Porphyry Model on Come By Chance Property Greenwood Mining Camp, B.C

About this update from Belmont Resources Inc.

[{"type":"text","content":"Belmont High Resolution Magnetic Survey Further Supports Copper-Gold Porphyry Model on Come By Chance Property Greenwood Mining Camp, B.CVANCOUVER, BC / ACCESSWIRE / October 15, 2020 / Belmont Resources Ltd. (\"Belmont\"), (or the \"Company\"), (TSXV:BEA)(FSE:L3L2) is pleased to report that the high resolution UAV (unmanned airborne vehicle) magnetic survey on the company's Come By Chance property in the historic Greenwood Mining Camp has been completed. The 5.3 square km survey was flown by Pioneer Exploration Consultants Ltd.The results of the magnetic survey have advanced the exploration of the CBC Property to specific locations for the next stage of exploration to ultimately locate the porphyry copper-gold intrusive by diamond drilling.The Come by Chance (CBC) Property covers an area of approximately 527 hectares and has a history of mineral exploration dating from the late 1890's which is evident in the many pits, shafts, and adits which were developed in the search for a Phoenix type copper/gold skarn mineral deposit. Although the Phoenix mineral resource was the major producer, some of the smaller mines were productive from a number of different types of deposits. From 1900 to 1975 production from these 26 principal mines was, in addition to a significant amount of lead, silver, and zinc, 580 Mlbs. of copper and 1.4 Moz. of gold(Church, 1986) 1.Belmont Property MapThe CBC Property located three kilometres to the southeast of the Phoenix deposits on a comparative geological trend and basically the same geology, hosts skarn. epithermal, and massive sulphide mineralization; typical mineralization associated with deep-seated copper/gold porphyry deposits. Skarn mineralization with elevated copper values occurs in many locations, with epithermal zones of alteration and quartz veining intersected by a diamond-drill hole situated near the major Eagle Mountain Fault in the southwest.Belmont's detailed, low-level magnetic survey of the CBC property has provided a greater indication of the volcanic caldera that was initially indicated by the recently completed Lidar survey. The indicated caldera is supported by a one kilometre diameter magnetic low within a sequence of Triassic Brooklyn Formation sedimentary and hornfelsed rocks which are bounded by the northwesterly trending Eagle Mountain Fault to the southwest and a sequence of ...

More updates from Belmont Resources Inc.