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Belmont Reports Assay Results of Hole KB-4 On Kibby Basin, Nevada
VANCOUVER, BC / ACCESSWIRE / May 2, 2019 / Belmont Resources Inc. ("Belmont"), (or the "Co...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Reports Assay Results of Hole KB-4 On Kibby Basin, NevadaVANCOUVER, BC / ACCESSWIRE / May 2, 2019 / Belmont Resources Inc. (\"Belmont\"), (or the \"Company\"), (TSX.V: BEA; FSE: L3L1; DTC Eligible - CUSIP 080499403).KB-4 Drilling Results:On March 21, 2019 Belmont reported the completion of drilling KB-4 to a depth of 840 feet into lakebed sediments. The hole targeted a potential fault as interpreted from the geophysical survey data, which looks deep into sub-surface layers.Final assay results for sediments and groundwater at KB-4 have been received from ALS Laboratories of Reno, Nevada and North Vancouver, B.C. Lithium in the sediment samples averages above 100 parts per million (ppm) for the entire hole with a high of 127 ppm at 210 feet and a low of 38 ppm at 40 feet. Water samples were taken from the top 80 feet where a significant saturated layer was encountered and from various depths between 500 and 840 feet. Drilling mud was removed from the hole by pumping fresh water and compressed air into the depths while allowing uncontaminated groundwater to replace it. Samples of groundwater were taken as the drill hole clean-out progressed. Assays of the groundwater indicated the presence of saline, rather than fresh water that is rich in Sodium and Magnesium but low in Lithium (80 - 150 ppb). The presence of shallow aquifers containing saline groundwater with chemical composition similar to, but lower than that of lithium brines is encouraging for the discovery of lithium brines deeper in the basin.The Kibby Basin contained significant anamalous lithium concentrations (up to 580 ppm lithium assayed in KB-3, including a 43m long intersection with a weighted average of 393 ppm lithium) in the sediments and rock at depth, and has undergone geothermal alteration at depth as shown in the results of testhole KB-3; therefore the potential for lithium brines still exists. The drilling carried out to date by Belmont and MGX Minerals Inc. on Kibby covered a broad area with test holes that were widely spaced. The potential still exists for discovery of lithium brines in the 2056 hectares (5,080 acres) of the basin that have not yet been explored. NI 43-101 DisclosureRobert (\"Bob\") G. Cuffney, Certified Professional Geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the above technical...