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Belmont Resources LIDAR Survey Supports Deep-Seated Copper-Gold Porphyry Model on Come By Chance Property Greenwood Mining Camp, B.C
VANCOUVER, BC / ACCESSWIRE / October 6, 2020 / Belmont Resources Ltd. ("Belmont"), (or the "Company"), (TSXV:BEA)(FSE:L3L2) is pleased to report that the helico
About this update from Belmont Resources Inc.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / October 6, 2020 / Belmont Resources Ltd. (\"Belmont\"), (or the \"Company\"), (TSXV:BEA)(FSE:L3L2) is pleased to report that the helicopter-borne Lidar 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., with point cloud data acquired at a density of 20 points per square metre. 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 Properties Map The CBC Property is located three kilometres to the southeast of the Phoenix deposits and on a comparative geological trend, 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. An additional indication of epithermal mineralization is the free gold in quartz near the major Lind Creek Fault in the northeast. CBC LIDAR Map A small circular lake with a highly anomalous arsenic content centered between these major faults, appears as a hydrothermal or a collapsed breccia developed from an underlying intrusive in a volcanic environment. The location of the intrusive is supported by the results from the Lidar survey which clearly showed a series of radiating faults from the lake and obscure ringed faults surrounding the lake. These faults were likely developed from a rising intrusive and were instrumental as the means of mineral laden hydrothermal fluid transport from the intrusive to create the localized skarns. The largest area of mineralization on the Pro...