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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

Comment by mrsgoldmineron Jan 17, 2022 7:46pm
108 Views
Post# 34326580

RE:CBC Claims expired?

RE:CBC Claims expired?Come by Chance Property, Greenwood Mining Division, Southeastern, British Columbia May 27, 2020 – The Company entered into a Property Acquisition Agreement (the “Agreement”) to acquire 100% interest in the Come By Chance mineral claims known as the (“CB Chance Property”), located in the Greenwood Mining Division, B.C. Terms of the Agreement are: (i) $7,500 cash payment on Exchange acceptance (paid). (ii) Share Issuances in the capital of the Company as follows: • 100,000 common shares upon Exchange acceptance (issued June 5, 2020). • 200,000 common shares on the one-year anniversary of the Agreement Date (issued May 27, 2021) • 200,000 common shares on the second- year anniversary of the Agreement Date. (iii) A 1.5% NSR Royalty with the option for the Company to buy back1% for $1M Cdn. Further details of the CB Chance Property can be reviewed in the news release as filed on SEDAR and the Belmont website. Management Discussion & Analysis – Page 7 June 5, 2020 – The Company received Exchange acceptance of the CB Chance Property Agreement and issued the initial 100,000 common shares in connection with the Agreement. The shares have a hold period until October 6, 2020. October 6, 2020 - A helicopter-borne Lidar survey has been completed. The 5.3 square km survey was flown by Pioneer Exploration Consultants Ltd., with point cloud data acquired at a density of 20 points per square metre. See the news release on our website and filed on SEDAR for further details. October 15, 2020 - The high resolution UAV (unmanned airborne vehicle) magnetic survey on the property has been completed. The 5.3 square km survey was flown by Pioneer Exploration Consultants Ltd. The results of the magnetic survey have advanced the exploration of the CBC Property to specific locations for the next stage of exploration to ultimately locate the porphyry copper-gold intrusive-by diamond drilling. March 24, 2021- The Company filed on SEDAR a NI 43-101 Technical Report on the Come By Chance (“CBC”) copper-gold project. May 27, 2021-The Company announced that it has completed further terms of the option agreement signed on May 27, 2020 on the Come By Chance (“CBC”) property. The Company issued the one-year anniversary property payments of 100,000 common shares. The shares are restricted from trading until September 28, 2021. June 10, 2021 – The Company announced that it is preparing to initiate an IP Survey on the CBC project. The IP survey will provide definitive drill targets which will be tested in a planned drill program for Q3-2021. September 14, 2021 – The Company announced that after a delay due to extreme wild fire conditions the Company is resuming its exploration program on its wholly owned Come By Chance (CBC) goldcopper project, near Grand Forks in southern British Columbia. See Subsequent Event Notes Section 1.14 (C) (ii) following for further updates.
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