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Belmont Resources Signs Drill Contract for Athelstan-Jackpot Gold Project
(TheNewswire) Vancouver, B.C. Canada – TheNewswire - Janua...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont Resources Signs Drill Contract for Athelstan-Jackpot Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada –\n \n \n TheNewswire -\n \n \n January 12, 2021; Belmont Resources Ltd.\n(“Belmont”), (or the “Company”), (TSXV:BEA\n \n \n )\n \n \n (\n \n \n FSE:L3L2)\n \n \n is pleased to announce signing of a drilling contract for\nthe Athelstan Jackpot (A-J) gold project in the Greenwood mining camp\nof southern British Columbia, with commencement scheduled February\n2021. The drilling program will be the first undertaken by Belmont at\nthe project and represents a significant milestone for the Company\nfollowing closing of a recent financing.\n \n \n \n \n Drilling will be completed by Hardrock Diamond Drilling\nLtd. based in Penticton, B.C. The contracted program is for 2,000m in\nup to eight holes, with an opportunity to expand the program based on\npositive results.\n \n \n \n \n The A-J property has two past producing gold mines\nwhich collectively produced 7,600 ozs Au & 9,000 ozs Ag (Minfile\n082ESE047). The A-J Group was one of the most productive gold mines in\nthe Greenwood mining district of southern British Columbia.\n \n \n \n \n A series of exploration programs carried out in 2020\nconsisting of LIDAR, 3DIP and airborne magnetics have delineated\nstrong coincident anomalies only 150 meters below the two former gold\nmines which may be possible causative source(s) of extensive gold\nmineralization at surface including the two gold mines themselves.\n \n \n Historic diamond drilling on the A-J property\n(1981, 1987, 1991) were primarily very shallow holes and these\nanomalies remain untested.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n First drilling into the recently discovered deeper\ntarget.\n \n \n \n \n \n Click  here to view A-J video\n \n \n \n \n \n George Sookochoff, President & CEO, commented\n“Our 2020 exploration work has helped us in our interpretation of\nthe gold mineralization on the A-J property and has significantly\nde-risked the project and increased our chances of success for our\nupcoming drill program. This is certainly a milestone for the A-J\nproject and Belmont shareholders.”\n \n \n \n \n About Belmont Resources\n \n \n \n \n Belmont Resources is engaged in the ...