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Belmont Resources Inc V.BEA

Alternate Symbol(s):  BELMF

Belmont Resources Inc. is a Canada-based company. The Company is engaged in operating a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include Athelstan-Jackpot (A-J), Crackingstone Uranium, Come By Chance (CBC), Lone Star Copper-Gold, and Kibby Basin Lithium. The A-J is the Company’s two former gold mines. Athelstan gold mine area drilling indicates a peripheral alteration zone to a potential deep-seated copper-gold porphyry. The Crackingstone Uranium is a high-grade uranium property situated in the prolific Beaverlodge Uranium District of the Athabasca basin. The Project covers four kilometers of the Black Bay Shear Zone, a northeast trending magnetic low corridor which hosts four past producing mines. CBC offers a potential large copper-gold porphyry. The Kibby Basin Lithium project is located 60 kilometers north of the lithium-rich Clayton Valley Basin.


TSXV:BEA - Post by User

Bullboard Posts
Post by 11111111on Dec 14, 2017 11:04am
239 Views
Post# 27156030

From Rockstone

From Rockstonehttps://rockstone-research.com/index.php/en/research-reports/3950-The-Missing-Puzzle-Piece-to-Discover-Lithium-Aquifers-in-the-Kibby-Basin-of-Nevada

When you have a 27 square kilometer big property, where basically no one ever conducted any modern exploration to find lithium-bearing aquifers, you need to start somewhere to prove your case that there could be lithium.

So Belmont looked at the Clayton Valley and compared it to the Kibby Basin, and they found a geologic setting similar to the continental brine model ascribed to the Clayton Valley. Then they did a 3D gravity survey over the entire property and found that it has the structure of a perfect lithium basin.

This was followed by 2 “scout-holes“ to find out if there is any lithium in those sediments and to get a first look of the basin‘s geology. Drilling found promising lithium values (up to 200 ppm) in sediments which is a great indication that a near-by aquifer may host much higher grades. With 13 of 25 core samples assaying over 100 ppm lthium, these sediments could very well be a potential source of lithium for the underlying aquifers.

The question then arose where to drill next in order to find the aquifer, respectively the pay zone. A consultant to Belmont, took a deep dive into researching the Kibby Basin and made some striking findings, with the results you can see in today‘s news release.

Originally, he just wanted to put the company‘s property borders on a map, so he looked at some satellite images and started to think outside the box. He obtained more satellite data sets as he had the feeling he was onto something.

Belmont‘s consultant then contacted the USGS and NASA to confirm his theory and soon it became clear that he found the missing puzzle piece. As the images indicate, he may have found the location of the geothermal system – right in the heart of the Kibby Basin. This looks like a big “discovery“ as there is no surface expression of a geothermal system and until now it was not even clear if at all there is a geothermal system on the property.

 

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