Belmont Resources Inc. (TSX: V.BEA, FSE: L3L1, Forum), on Monday stated that drilling at its Kibby Basin Lithium Brine project has reached a depth of 187 metres (615 feet) and will continue to a targeted depth of approximately 274 metres (900 feet) into lakebed sediments. The Company has also extended its agreement with
MGX Minerals Inc. (CSE: XMG) on its earn-in agreement on the project to April 30
th, 2019.
Further information on both of these news items can be found
here.
Belmont Resources recently
resumed drilling at the Kibby Basin project in Nevada. Drilling was temporarily halted due to extreme snow, freezing rain, and ice in February. Previous drilling has shown consistent lithium clay mineralization and this project's Hole KB-4 has a targeted depth of 300 metres into the lakebed sediments.
FULL DISCLOSURE: Belmont Resources Inc. is a client of Stockhouse Publishing.