Business
Belmont Resources Acquires ‘Come By Chance’ Property in the Greenwood Gold Camp, B.C.
VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / George Sookochoff, CEO/President of Belmont Resources Inc (TSXV:BEA)(Frankfurt:L3L2) ("Belmont"), (or the "Company")
About this update from Belmont Resources Inc.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / George Sookochoff, CEO/President of Belmont Resources Inc (TSXV:BEA)(Frankfurt:L3L2) (\"Belmont\"), (or the \"Company\") is pleased to announce that it has to acquired a 100% interest in the Come By Chance Mineral Claims known as the \"CB Chance Property\", located in the Greenwood Mining Division, British Columbia. The Come By Chance (\"CBC\") property acquisition is part of the Company's continued focus to acquire and develop strategic gold properties in the prolific Greenwood mining district. The Property The CBC property is comprised of 21 mineral claims as well as 15 reverted crown granted mineral claims covering an area of approximately 527 hectares (ha). The claims are situated about 8 kilometres (km) northwest of the city of Grand Forks, B.C. and 3kms south east of the former Phoenix Mine which produced during the period 1900 - 1976, 27 million tonnes at a grade of 0.9% Cu and 1.12 g/t Au, from a number of different ore bodies (Church, 1986). This amounts to over 1 million ounces of gold and 500 million pounds of copper produced from the Phoenix deposit. Airborne Magnetic Survey Over Athelstan Claim Group. View Belmont Properties Map at: http://www.belmontresources.com/Belmont Property Map.jpg George Sookochoff, CEO/President commented, \"The acquisition of the Come By Chance property is another exciting milestone for the Company and further enhances Belmont's strategy of consolidating properties with known historic gold-copper mines in the prolific Greenwood mining district.\"About the CB Chance Property The CBC property covers stratigraphy prospective for both copper­gold skarn and auriferous volcanogenic massive sulfide-oxide mineralization. In addition, the structural setting of the property is favourable for epithermal gold mineralization. Indications of each of these three styles of mineralization occur on the property, which is situated in a region with a long history of mining and with significant past gold production from deposits representing each of these styles of mineralization. The CBC property has not been systematically explored. Exploration to date has focused largely on copper skarn type mineralization similar to that at the nearby Phoenix deposit. The majority of the early work was at the Betts showing (Minfile 082ESE261), in the southern part of the...