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Belmont Resources Option Partner Highrock Resources Lists on CSE
(TheNewswire) Vancouver, B.C. Canada – TheNewswire - March 2, 2023; Belm...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Resources Option Partner Highrock Resources Lists on CSE\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada –\n \n \n TheNewswire -\n \n \n March 2, 2023;\n \n \n Belmont Resources Inc.\n(TSXV:BEA\n \n \n )\n \n \n ;\n \n \n (\n \n \n Frankfurt:L3L2)\n \n \n (“Belmont”), (or the “Company”) is\npleased to announce that its option partner Highrock Resources\nLtd.(“Highrock”) has listed on the CSE under the symbol HRK.\n \n \n \n \n Belmont entered into an Option Agreement (the\n“Agreement”) August 31, 2021, with Highrock for its 100% owned\nPathfinder gold-silver project in the Greenwood Mining District,\nsoutheastern, British Columbia, Canada.\n \n \n \n \n Terms of the Agreement\n \n \n \n \n Under the terms of the option agreement, Highrock will\nearn a 75-per-cent interest in the property upon completion of the\nfollowing:\n \n \n \n \n \n \n Cash payments totaling $15,000 consisting of: (i)\n$5,000 upon signing of the option agreement; (ii) $10,000 within one\nyear of signing the Agreement;(completed)\n \n \n \n \n \n \n Payments totaling 200,000 shares of Highrock consisting\nof: (i) 100,000 shares upon signing of the option agreement; and (ii)\n100,000 common shares (for an aggregate of 200,000 shares) on or\nbefore six months  from the date of the initial listing of the\nHighrock shares on the Canadian Securities Exchange (“CSE”);\n(100,000 issued)\n \n \n \n \n \n \n Expenditures on the Pathfinder Property totaling\n$200,000 consisting of: (i) $75,000 on or before the first anniversary\nof signing the option agreement; and (ii) $125,000 on or before the\nfirst anniversary of the date of the initial listing of the Highrock\nshares on the CSE.\n \n \n \n \n \n \n Highrock completed a financing of $350,000 and will\ncommence an exploration program on the Pathfinder  Q2 2023.\n \n \n \n \n About the Pathfinder Property\n \n \n \n \n The Pathfinder property comprises 3 claims covering\n295.57 hectares and in the Greenwood Mining District and is surrounded\non three sides by KG Exploration Inc. (Exploration Division of Kinross\nGold). The Pathfinder property is part of the Belmont group of claims\n(see Project portfolio following) that they have been acquiring in the\nGreenwoo...