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Belmont Resources Provides Update on its Recently Acquired Lone Star Copper-Gold Project
(TheNewswire) Vancouver, B.C. Canada - TheNewswire - August 16, 2021 ...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Resources Provides Update on its Recently Acquired Lone Star Copper-Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada -\n \n \n TheNewswire -\n \n \n August 16, 2021 -\n \n \n Belmont Resources Inc.\n(TSXV:BEA\n \n \n ) (\n \n \n Frankfurt:L3L2)\n \n \n (“Belmont”), (or the “Company is pleased to provide an\nupdate on its recently acquired Lone Star Copper-Gold project situated\nin Republic mining camp of Washington State.\n \n \n \n \n Belmont is planning a 3,000-metre\ndrill program for the Lone Star copper-gold deposit\n \n \n with the objective of:\n \n \n \n \n \n \n 1.\n \n \n Adding additional resources\nto the current historical resource.\n \n \n \n \n \n \n 2.\n \n \n Moving a component of\ninferred resource to measured resource in preparation for a possible\nfuture Preliminary Assessment, Scoping or Feasibility Study.\n \n \n \n \n \n \n 3.\n \n \n Generating a new current NI\n43-101 compliant resource incorporating any additional resources\ngenerated from the drilling.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n The drill program will consist of 15 holes, with 5\nholes for infill drilling, 7 holes testing outward from the southern\ncluster of thick high-grade zones, and 3 holes to test the expansion\nof an eastern thick, rich zone.\n \n \n \n \n Lone Star History\n \n \n \n \n The former Lone Star mine operated over two time\nperiods; underground from 1897-1918 producing 146,540 tonnes, grading\n1.25% Cu, 0.036 opt Au and 0.2 opt Ag and open-pit from 1977-1978 by\nGranby Mining Co. when 400,000 tonnes of ore were transported from the\nLone Star open pit to its Phoenix mill in B.C, 11km to the\nnorth.\n \n \n \n \n The Lone Star deposit has an historic resource estimate\nwhich was reported in a “Technical Report and Resource Estimate on\nthe Lone Star Deposit, Ferry County Washington (September 23, 2007)”\nfor Merit Mining Corp. and authored by P&E Mining Consultants\nInc.\n \n \n \n \n \n \n \n Lone Star 2007 Historic Resource\nEstimate @ 1.5% CuEq Cut-Off Grade\n \n \n \n \n \n \n \n \n Class\n \n \n \n \n \n \n Tonnes\n \n \n \n \n \n \n Au g/t\n \n \n \n \n \n \n Cu%\n \n \n \n \n \n \n CuEq%\n \n \n \n \n \n \n AuEq g/t\n \n \n \n \n \n \n AuEq ozs\n \n \n \n \n \n \n Cu Mlbs\n \n \n \n \n \n \n \n \n I...