Business
Belmont's Drilling Contractor Mobilizes to Kibby Basin
VANCOUVER, BC / ACCESSWIRE / November 22 , 2018 / (" Belmont Resources Inc. ("Belmont" or ...
About this update from Belmont Resources Inc.
[{"type":"text","content":"Belmont’s Drilling Contractor Mobilizes to Kibby BasinVANCOUVER, BC / ACCESSWIRE / November 22, 2018 / (\"Belmont Resources Inc. (\"Belmont\" or the \"Company\") (TSX.V:BEA; FSE: L3L1;DTC Eligible – CUSIP 080499403).Kibby Basin – Drilling to Commence HarrisExploration Drilling and Associates owner, Pat Harris, has advised Belmont thatthey are ready to begin mobilizingdrilling equipment to the Kibby Basin and drilling is expected to commence after the Thanksgiving holiday. Hole KB-4 targets a prominent structure within the large MT anomaly defined fromthe Quantec's MT survey completed in February, 2018. The site is located approximately 2300 metres northeast of hole KB-3, drilled in August.See drill hole map which outlines Holes KB-1to 4 and other proposed hole locations; http://www.belmontresources.com/maps-kibby%20basin.html#&gid=1&pid=6 & http://www.belmontresources.com/maps-kibby%20basin.html#&gid=1&pid=7Harris will be using aRD-10 rotary drill and estimates that KB-4 will take approximately oneweek to reach the proposed initial depth of 1200 feet, after which down-holegeophysical surveying will be carried out. After the results of the geophysicalsurvey are analyzed, the most favorable layers for lithium brine will beidentified for sampling and testing of formation waters, possibly followed by deeper drilling.Specialized casing and equipment willbe used in the drill hole to allow the best and most representative samples tobe obtained.Sediment samples will also be taken byBelmont's on-site geologist during drilling and these samples will be loggedand prepared for assay in the same manner as for previous drill holes.NI 43-101 DisclosureRobert (\"Bob\")G. Cuffney, Certified Professional Geologist, a Qualified Person as defined byNational Instrument 43-101, has reviewed and approved the technical informationin this news release.Munich Exhibition successfulMr. Gary Musil,CFO/Director of Belmont with Zimtu Capital Corp. (TSX.V: ZC) and other Zimtuassociated companies showcased the Company for two days at the InternationalPrecious Metals & Commodities (Edelmetall & Rohstoffmesse) Show inMunich, Germany – November 9th & 10th, 2018.A number of long time investors of Belmont, as well as recent investorsdropped by our booth for updates and questions on our Kibby progress. About...