Monday 10th December 2018

Resource Clips



Belmont Resources readies the rig for more Nevada lithium drilling

by Greg Klein | November 22, 2018

Belmont Resources readies the rig for more Nevada lithium drilling

With positive assays from previous drilling,
Belmont Resources returns for another
campaign at Kibby Basin.

Following lithium results released earlier this month, Belmont Resources’ (TSXV:BEA) drill contractors return to the Kibby Basin project imminently for another attack. The target this time will be 2,300 metres northeast of hole KB-3, where the most recent assays showed an average 393 ppm lithium over 42.4 metres. Previous results for the same hole averaged 415 ppm over 30.5 metres.

The crew expects rotary drilling to spend a week sinking the next hole, KB-4, to an initial depth of about 366 metres. Downhole geophysics will identify layers to be sampled and deeper drilling may follow.

Work takes place on a magnetotelluric conductor found last February, which followed a gravity survey conducted in 2016.

The company interprets the 2,056-hectare project’s geology to hold similarities with Nevada’s lithium-producing Clayton Valley, 65 kilometres south.

Belmont also shares 50/50 ownership in two Saskatchewan uranium properties with International Montoro Resources TSXV:IMT.

Belmont closed a private placement totalling $375,000 in July.

Read Isabel Belger’s interview with CFO/director Gary Musil.

Share |

View All: News Stories