Belmont Resources Inc. V.BEA

RE:Fingers crossed ...

[guerreiro]

It's possible a JV  between Belmont , Lorne Star Copper property in Washington State and  Golden Dawn Minerals “Greenwood Toll Mill” is only 11km to the north of the Lone Star deposit. The Greenwood mill is currently under care and maintenance but Golden Dawn announced in an August 4, 2021 news release their plans to initiate refurbishment of the mill, a process that is currently underway.

OR;  Some Chinese and Korean (NBM) interested in the Nevada Lithium Property as the area is now getting very hot.

The Greenwood Mill

Golden Dawn stated “The Greenwood Process Plant facility is a key component for potential production from surrounding precious metal deposits in southern BC.  Potential sources of process material could include gold-copper & silver material from the following:

•     Lexington Mine (gold-copper) Golden Dawn GOM.v
•     Golden Crown Mine (gold-copper) Golden Dawn GOM.v
•     May Mac Mine (silver-gold) Golden Dawn GOM.v
•     Deadwood deposits (Golden Dawn GOM.v)
•     Kenville mine at Nelson (Ximen Mining Corp. XIM.v )
•     Gold Drop property (GGX Gold Corp. GGX.v )
•     Lone Star Mine (Belmont Resources BEA.v ”

About Belmont Resources Inc.

Belmont Resources is engaged in the business of acquiring and re-developing past producing copper-gold-silver mines in southern British Columbia and Northern Washington State. This region is considered to have the highest concentration of mineralization and past producing mines in western North America. By utilizing new exploration technology, geological modelling and specialized 3D data analysis, the company is successfully identifying new areas of mineralization beneath and/or in the near vicinity of the past producing mines

The Company’s project portfolio includes 6 past producing mines:

 

Belmont Resources Properties Map

 

• Athelstan-Jackpot, B.C. – *Athelstan & Jackpot Gold-Silver mines
• Come By Chance, B.C. – *Betts Copper-Gold mine
• Lone Star, Washington – *Lone Star Copper-Gold mine
• Pathfinder, B.C. – *Bertha & Pathfinder Gold–Silver mines
• Black Bear, B.C. – Gold
• Pride of the West, B.C.- Gold
• Kibby Basin, Nevada – Lithium

* past producing mine

Qualified Person

NI 43-101 Disclosure:

Technical disclosure in this news release has been approved by James Ebisch P.Geo, a Qualified Person as defined by National Instrument 43-101.

A qualified person has not done sufficient work to classify the historic estimate as current mineral resources or mineral reserves.  As such the issuer, Belmont Resources, is not treating this historical estimate as current mineral resources or mineral reserves.

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability.

(2) Gold equivalent (AuEq) grade was calculated utilizing a gold price of US$593/oz and copper price of US$2.84/lb., based on the 24 month (at Ju

 

About the Lone Star Projecct

The 234 hectare Lone Star Property is comprised of a series of contiguous Washington State patented lode claims which covers the past producing Lone Star Mine.

The Lone Star mine operated over two time periods; underground from 1897-1918 producing 146,540 tonnes, and open-pit from 1977-1978 by Granby Mining Co. when 400,000 tonnes of ore were transported from the Lone Star open pit to its Phoenix mill in B.C, 11km to the north.

 

Lone Star Historic Resource and Underground Workings

 

 

The Lone Star deposit has an historic resource estimate which was reported in a “Technical Report and Resource Estimate on the Lone Star Deposit, Ferry County Washington (September 23, 2007)” for Merit Mining Corp. and authored by P&E Mining Consultants Inc.

 

Lone Star Historic Resource Table

 

The 2007 historic resource estimation was based on US$593/oz gold and US$2.84/lb copper.

Golden Dawn’s Lexington Property lies adjacent to the Lone Star property on the Canadian side. The two properties cover a 3-kilometer long trend of gold-copper mineralization linked by geology, in both rock types and structure, as well as the accompanying gold-copper mineralization.

 

Lone Star and Lexington Mines

 

Nearby Toll Mill

Golden Dawn Minerals “Greenwood Toll Mill” is only 11km to the north of the Lone Star deposit. The Greenwood mill is currently under care and maintenance but Golden Dawn announced in an August 4, 2021 news release their plans to initiate refurbishment of the mill, a process that is currently underway.

 

 

 

The Greenwood Mill

 

 

 

Golden Dawn stated “The Greenwood Process Plant facility is a key component for potential production from surrounding precious metal deposits in southern BC.  Potential sources of process material could include gold-copper & silver material from the following:

•     Lexington Mine (gold-copper) Golden Dawn GOM.v
•     Golden Crown Mine (gold-copper) Golden Dawn GOM.v
•     May Mac Mine (silver-gold) Golden Dawn GOM.v
•     Deadwood deposits (Golden Dawn GOM.v)
•     Kenville mine at Nelson (Ximen Mining Corp. XIM.v )
•     Gold Drop property (GGX Gold Corp. GGX.v )
•     Lone Star Mine (Belmont Resources BEA.v ”

About Belmont Resources Inc.

Belmont Resources is engaged in the business of acquiring and re-developing past producing copper-gold-silver mines in southern British Columbia and Northern Washington State. This region is considered to have the highest concentration of mineralization and past producing mines in western North America. By utilizing new exploration technology, geological modelling and specialized 3D data analysis, the company is successfully identifying new areas of mineralization beneath and/or in the near vicinity of the past producing mines

The Company’s project portfolio includes 6 past producing mines:

 

Belmont Resources Properties Map

 

• Athelstan-Jackpot, B.C. – *Athelstan & Jackpot Gold-Silver mines
• Come By Chance, B.C. – *Betts Copper-Gold mine
• Lone Star, Washington – *Lone Star Copper-Gold mine
• Pathfinder, B.C. – *Bertha & Pathfinder Gold–Silver mines
• Black Bear, B.C. – Gold
• Pride of the West, B.C.- Gold
• Kibby Basin, Nevada – Lithium

* past producing mine

Qualified Person

NI 43-101 Disclosure:

Technical disclosure in this news release has been approved by James Ebisch P.Geo, a Qualified Person as defined by National Instrument 43-101.

A qualified person has not done sufficient work to classify the historic estimate as current mineral resources or mineral reserves.  As such the issuer, Belmont Resources, is not treating this historical estimate as current mineral resources or mineral reserves.

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability.

(2) Gold equivalent (AuEq) grade was calculated utilizing a gold price of US$593/oz and copper price of US$2.84/lb., based on the 24 month (at Ju