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Belmont Resources Inc. V.BEA

Alternate Symbol(s):  BELMF

Belmont Resources Inc is a Canadian resources company which is engaged in the acquisition and exploration of mineral resource properties in Canada and United States. The principal business has been the exploration of Kibby Basin lithium property in Nevada, USA. The Company recently acquired the former Pathfinder property -295.56 ha in the historical Greenwood Gold Camp. The Pathfinder is currently surrounded on 3 sides by claims held by a wholly owned subsidiary of Kinross Gold Corporation.


TSXV:BEA - Post by User

Post by Guerreiro8on May 20, 2022 1:07am
231 Views
Post# 34697344

Kibby Lithium Project in Nevada generates optimism.

Kibby Lithium Project in Nevada generates optimism.MarqueeCommences Drilling-Kibby Basin Lithium Project, Nevada•Marquee commences drilling at the highly anticipated Kibby Lithium Project in Nevada. TheProject is fully permitted for water extraction forthe use ofbrine processing and production of lithium compounds within the 2,560 acres (~10.35sqkm) Project,a key feature should a Large-Scale brine and clay lithium depositbe identified.•The two (2)stage drill program for a total 3,000metres across three(3)drill holes will target a highly conductive geophysical anomaly, which has the signature for a potential lithium enriched aquifer beneath the Kibby Playa (dried lakebed).•The Project is located ~4 hours from Tesla’s Gigafactory Number 1 and ~50kmsnorth of ASX-listed Ioneer Ltd's(ASX: INR) flagship Rhyolite Ridge Lithium-Boron Project which has recently been Joint Ventured with Sibanye Stillwater Limited (Sibanye-Stillwater) to develop the project, with Sibanye-Stillwater contributing US$490 million for a 50%interest in the Joint Venture.•The setting of the Kibby Valley is a 7.4km long structure identified with characteristics interpreted to be akin to major structures bounding the south side of Clayton Valley, indicatinga basin large enough to develop layers that could act as aquifers,as well as allow for development of a favourable hydrogeologic setting to host lithiumbearing brines.Marquee Resources Limited (Company or Marquee) (ASX: MQR) is pleased to announce that drilling at the highly prospective Kibby Basin Lithium Project(Project)in Nevada, USA has commenced.The two (2) stage –3,000metre drill program across three drill holes will target a highly conductive geophysical anomaly, which has the signature for a potential lithium enriched aquifer beneath the Kibby Playa (dried lakebed).Figure 1 -Kibby Basin Section and Proposed Drill Holes

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