Business
Belmont Resources Provides A-J Gold Project Drilling Update
November 30, 2023 – TheNewswire - Vancouver, B.C., Canada - Belmont Resources Ltd. (“Belmont” or the “Company”) (TSXV:BEA) (FSE:L3L2) is pleased to announce fin
About this update from Belmont Resources Inc.
[{"type":"text","content":"November 30, 2023 – TheNewswire - Vancouver, B.C., Canada - Belmont Resources Ltd. (“Belmont” or the “Company”) (TSXV:BEA) (FSE:L3L2) is pleased to announce final drill logging results and interpretation from North Zone of the A-J gold property. The 100% owned A-J gold project situated in the prolific Greenwood mining camp of southern British Columbia. The recently completed 9 hole, 2,000m drill program tested IP anomalies defined by the 2020 IP geophysical survey and coincident with targets defined by surface mineralization and historical workings. Results of the drill program will be announced as soon as all assays have been received, compiled and verified. North Zone North Zone drilling consisted of drill holes AJ 23 01-05 for 1,150 meters and involved exploring largely untested, open ground in the northern portion of the property where targets were chosen between the Golden Crown mine situated on the adjacent Golden Crown property and the Athelstan-Jackpot mines. The North Zone drilling review found a near-consistent abundance of alteration within several ages and types of bedrock. With moderate correlation to geophysical anomalies tested, the area did exhibit widespread low-grade pyrite mineralization, small concentrations of massive sulphides, and several shallow to moderate listwanite zones. Results are pending but this is all characteristic of the known economic deposits in the area and lend to ongoing exploration in the untested portions of the property. South Zone Potential near-surface resource with high-grade feeder system Logging results and interpretation of the drilling in the South Zone were previously reported in News Releases dated November 14 and 16, 2023. South Zone drilling tested for a potential feeder contact/structure for the near-surface gold mineralization within a 1.0 km mineralized gold trend, which includes the Athelstan and Jackpot past producing gold mines which produced 7,600 ozs Au & 9,000 oz Ag (Minfile 082ESE047). Silica, silica-carbonate and phyllic alteration intersected over 100 metre durations in all four diamond drill holes in the South Zone directly beneath and nearby the Athelstan mine. These mineralized zones appear to be correlative between drill holes and could represent a 100 metre step out, along the strike of the Athelstan gold zone trend. The discovery of multi-metre quar...