Monday 3rd August 2020

Resource Clips



Belmont Resources to begin first systematic exploration of historic B.C. property

by Greg Klein | July 2, 2020

Following recently announced plans for its nearby Athelstan-Jackpot project in southern British Columbia’s Phoenix-Greenwood camp, Belmont Resources TSXV:BEA has now released a summer agenda for its Come By Chance claims.

Belmont Resources to begin first systematic exploration of historic B.C. property

Both hosting a powerline route, the two properties sit on either side of Highway #3, roughly 500 kilometres east of Vancouver, and on a mineralized trend from the former Phoenix mine three kilometres northwest. The trend also runs through the company’s Black Bear and Pride of the West properties.

This month the newly optioned 527-hectare Come By Chance project gets an airborne high-res imagery survey to map old shafts, mine dumps, showings and rock exposures. The resulting data will be overlaid onto a 3D Digital Terrane Model to help guide future exploration.

Plans also call for a deep-penetration induced polarization survey of the entire property to investigate a possible porphyry system. A sampling program will target the property’s numerous showings, pits and adits. Despite the location in a busy former mining camp, this will be CBC’s first systematic exploration campaign.

“Early indications are that the Come By Chance property provides a huge potential for a large mineralized porphyry system containing a broad spectrum of mineralization types including copper-silver-gold-bearing skarn zones, gold-bearing massive sulphide veins, and gold-bearing epithermal quartz veining,” said president/CEO George Sookochoff. “Our 2020 exploration program is designed to acquire further evidence to substantiate the presence of this system.”

Late last month the company announced Athelstan-Jackpot plans that also included IP and airborne imagery, as well as possible drilling.

Belmont’s regional portfolio includes the Pathfinder gold-polymetallic property and an LOI for the Lone Star property across the border in Washington state. The company also holds interests in the Crackingstone uranium property in northern Saskatchewan and the Kibby Basin lithium property in Nevada.

Last month Belmont offered a private placement up to $25,000. In May the company closed the final tranche of an over-subscribed placement totalling $199,665.

Share |

View All: News Stories