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DealRoom: Resource Co. Advances Historic Gold Prospect

Stockhouse Editorial
0 Comments| June 24, 2019

The latest offering on the Stockhouse DealRoom comes from Canadian resources Company Belmont Resources Inc. (TSX: V.BEA, FSE: L3L1, Forumrecently acquired a historic Gold prospect in one of British Columbia’s most active gold camps; and still holding a strong position in its Nevada Lithium project.

Belmont is seeking to raise up to $240,000 through a non-brokered private placement of up to 4,000,000 Units at a price of $0.06 per common share plus (1) one two year transferable share purchase warrant at $0.08.

Click to enlarge

(Project map via Belmont Resources. Click to enlarge)

The natural resource Company acquires, develops and explores mineral properties in the lithium-rich state of Nevada and across Canada. In British Columbia it recently acquired a 100% interest in the Pathfinder property, a 295.56 hectare gold prospect in the historically productive Greenwood, gold/copper camp. The Company has historic data under review to prepare for exploration later in 2019.

Company CEO, Jim Place, P.Geo., stated at the time:

“This was an opportunity that Belmont could not pass up. On the heels of a very positive Vancouver Resources Investment Conference; the Prospectors & Development Association of Canada and with the optimism in the market surrounding growth in gold prices, mergers and acquisitions, and mine development; we were presented with a portion of the Pathfinder property. Other exciting gold news from companies exploring the historic Greenwood area mining camp have received much investor's attention recently.”

The Company is also advancing its operations in northern Saskatchewan, where it shares a split 50/50 interest in two uranium properties with International Montoro Resources Inc. (TSX: V.IMTOTCQB: IMTFFForum). The properties are a combined 982 hectares in the province’s Uranium City District.

Belmont also holds a 75% interest with MGX Minerals Inc. (CSE:XMG) in its 2,056 hectare Kibby Basin, Nevada lithium property, where successful drill results have returned up to 580 ppm lithium.

Both companies announced a milestone water rights permit in March 2019 that could be the first of its kind in the state. The permit allows extraction of up to 943.6 million US gallons of water annually for brine processing and potential production of lithium compounds. About 91% of the water would be returned to the source.

This news came at the right time for this initiative, as other lithium companies and explorers are realizing the importance that Nevada's legislators and regulators place upon the natural resources of their state.

The Stockhouse DealRoom: your destination to participate in exclusive financings, featuring some of the best companies – and deals – currently available on the market.
To participate in the Belmont Resources private placement click HERE

FULL DISCLOSURE: Belmont Resources Inc. and International Montoro Resources Inc. are paid clients of Stockhouse PublishingStockhouse Publishing Ltd. (Stockhouse) is not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies. This deal room is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees, and expenses. The information contained in this deal room is selective and does not purport to contain all the information relating to Belmont Resources Inc. In all cases, parties should conduct their own investigation and due diligence, not rely solely on the data provided herein and are encouraged to consult with a financial adviser, lawyer, accountant, and any other professional that can help to understand and assess the risks associated with any investment opportunity.

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