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Belmont Resources Receives 3DIP Survey Results on A-J Lode Gold Project, Greenwood Mining Camp, Southern British Columbia.
VANCOUVER, BC / ACCESSWIRE / November 12, 2020 / Belmont Resources Ltd. (TSXV:BEA) (FRA:L3L2) is pleased to report that it has received results from SJ Geophysi
About this update from Belmont Resources Inc.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 12, 2020 / Belmont Resources Ltd. (TSXV:BEA) (FRA:L3L2) is pleased to report that it has received results from SJ Geophysic's 3DIP survey on the Athelstan-Jackpot (A-J) gold project in the prolific Greenwood mining district of southern British Columbia. The 3DIP data is currently being reviewed by Belmont's consulting geophysicist Sergio Espenoza, PhD. along with consulting geologist Linda Caron, M.Sc., P.Eng. The IP results are being correlated with detailed geological mapping on the property and the recently completed drone magnetic survey and will identify and prioritize drill targets. Belmont is currently awaiting approval of a 5 year work program permit application which will enable it to proceed with drilling scheduled for year-end or early 2021. 3DIP results are expected to be announced early next week. The 3DIP survey covered primarily two mineralized gold zones. East-West A-J Mineralized Gold Trend A-J IP Survey Grid over Geology This mineralized trend includes the two past producing Athelstan and Jackpot gold mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite. The A-J Group was one of the most productive gold mines in the area. North-South Contact Mineralized Gold Trend Listwanite-hosted gold-bearing massive sulfide mineralization occurs at the J-34 zone, 50 m east of a granodiorite intrusive contact which is interpreted to underlie the shallow north-dipping band of listwanite that hosts the near surface mineralization in this area. In 2003, trenching was completed at the J-34 zone by a previous operator, with historic chip samples returning grades of 6.6 g/t Au over a 3.7 m true thickness in one area, and 1.9 g/t Au over 6.8 m true thickness in a second area.1 Listwanite Known gold mineralization on the property is primarily hosted within listwanite. High-grade, coarse native lode gold in the North American Cordillera is characteristically found in quartz veins hosted by listwanite-altered, igneous ophiolitic crustal rocks in proximity to listwanite-altered ultramafic rocks. Listwanite is directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville districts o...