Business
Belmont/Marquee JV Secures Drill Contractor for Kibby Basin Lithium Project, Nevada
(TheNewswire) Vancouver, B.C. Canada - TheNewswire - March 24, 2022 -...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont/Marquee JV Secures Drill Contractor for Kibby Basin Lithium Project, Nevada\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. Canada -\n \n \n TheNewswire -\n \n \n March 24, 2022 - Belmont\nResources Inc. (“Belmont”), (or the “Company”),\n(TSXV:BEA\n \n \n ) (\n \n \n FSE:L3L2)\n and JV partner\n \n \n Marquee Resources (ASX.MQR)\n(Marquee)\n \n \n are pleased to\n \n \n announce that they have hired Drill NV Exploration Drilling,\nbased in Reno Nevada, as their diamond drill contractor for the\nplanned 3,000 metre drill campaign at the Kibby Basin Lithium project\nin Nevada (“Kibby” or “Project”).\n \n \n \n \n The 2022 Kibby drill program will test the highly\nconductive geophysical anomaly and potential lithium enriched\naquifer\n \n \n .\n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n “We are very excited to return once again to our\nKibby Lithium project along with our new JV partner Marquee\nResources”, stated Belmont President & CEO George Sookochoff.\n \n \n \n \n ”Along with the ongoing 6,000 meter drill program at\nour Belmont/Marquee JV Lone Star project in Washington State, and the\nrecently announced March 28, 2022 planned start of drilling on our\n100% owned Come By Chance project in southern British Columbia, the\nKibby Lithium drilling will be the third drilling program on our rich\nportfolio of projects.”\n \n \n \n \n “We\n \n \n are\n \n \n exceptionally pleased to acquire the services of Drill NV, a\nwell experienced drilling company which has the expertise to\nsuccessfully push the drill down to the 800-1,000 meter depths where\ngeophysics indicates a very strong conductive anomaly which has the\nsignature for a potential lithium enriched aquifer. It is at this\ndepth that Albermarle, which owns the most productive lithium brine\nwell field in the United States located in Clayton Valley, has been\nsuccessfully pumping lithium brines”.\n \n \n \n \n Drill NV requires a 30-day lead-time, due to supply\nchain disruptions, to acquire the necessary drill rods and casings.\nDrilling is planned to start before end of April 2022.\n \n \n \n \n About the Kibby Basin Lithium\nProject\n \n \n \n \n The Kibby Basin Lithium Project totaling 2,572 acres\n(10.4 sq kms) is located...