Belmont Resources Inc. (
TSX: V.BEA, FSE: L3L1,
Forum), today announced that it is expanding its current drilling program at the Company’s Kibby Basin lithium property. Four additional diamond drill holes are to be completed, encompassing approximately 4,800 feet of additional drilling beyond what has previously been announced.
The Kibby Basin Property is currently the subject of a joint venture with MGX Minerals Inc (CSE: XMG), with MGX able to acquire up to a 50% earn-in the joint venture by completing previously defined assessment and development activities by December 31, 2018.
Additional drilling is based upon the encouraging results from lithium assay values already released on
September 12th and
September 28th. Further information can be found
here.
Belmont Resources was recently in the news on October 1, 2018 when it reported
additional assay results from drilling at Kibby Basin.
FULL DISCLOSURE: Belmont Resources Inc. is a paid client of Stockhouse Publishing.