(via TheNewswire)
Watch video at:https://bit.ly/3fgUXbJ
Highlights include:
5 high priority targetshave been identified for follow-up diamond drilling
High gold values were confirmed fromIron Chiefoccurrence, 17.05 g/t Au and 619 g/t Ag
High copper values and elevated gold were confirmed from theBettsoccurrence, 4.75% Cu and 0.676 g/t Au
A new area of copper-gold skarn mineralization was discovered, with values including 3.8 g/t Au with 0.45% Cu and 1.4 g/t Au with 1.07% Cu (
Lady M Zone ), which coincides with one of the IP targets
I also invite you to watch the CBC IP video which explains the project at its best.
View the video at:https://bit.ly/3fgUXbJ”
Drill Targets Identified forHardy Mountain Zone : A 400 m long strong northeast-trending chargeability and resistivity high, with a corresponding mag low signature, located near the Brown’s andCaledonia showings. Thegeophysical target extends from surface to the depth limit of the survey (300 m). Elevated gold and copper values were returned from rock samples at the Brown’s andCaledonia showings.
Lady M Zone : An arcuate shaped, east-west trending, stratigraphically controlled, moderate chargeability high at the “Phoenix horizon”. Values to 3.8 g/t Au and 0.45% Cu were returned from skarn samples in this area.
Iron Chief Zone : A northeast-trending zone of sulfide-rich quartz veining. Values to 17.05 g/t Au, 619 g/t Ag were returned from rock samples collected.
Betts Zone : A strong chargeability high. Historic workings intersected massive sulfide mineralization, with high copper and elevated gold values. Values to 4.75% Cu and 0.676 g/t Au were returned from samples collected in 2021.
Eagle Mountain Zone : A 700 m long, strong northeast-trending chargeability high, resistivity high, mag low that cross-cuts stratigraphy. Possible porphyry target.
The most prominent feature of the IP surveyis a large prominent resistivity low in the central part of the property. Known copper-gold mineralization on the claims coincides with the margins of the large resistivity feature. Further exploration work will be conducted in this area to determine thecausation of this feature and its relationship to the surrounding mineralization.
Iron Chief
The fall 2020 rock sampling and prospecting program was completed on the property prior to the IP survey. A highlight of the rock sampling program was the confirmation of high gold values at the Iron Chief occurrence. Historic workings at the Iron Chief occurrence follow a northeast-trending sulfide-rich quartz vein of unknown width that is spatially associated with a prominent monzonite dyke of similar orientation. High gold and silver values, (sample 75903: 17.05 g/t Au, 619 g/t Ag; sample 75904: 4.86 g/t Au, 280 g/t Ag) along with elevated copper, lead and zinc, were returned from select grab samples from the dump of the historic workings.
Lady M
A further highlight of the prospecting program was the discovery of pyrite-chalcopyrite bearing garnet-epidote skarn (the
Betts
The Betts occurrence is the site of considerable historic workings, including a 251 m adit which intersected massive sulfide mineralization. In 2021, high copper values, with elevated gold and silver, were returned from samples collected of mineralization in the dumps of the historic workings (sample75910, 4.75% Cu, 0.676 g/t Au, 34.4 g/t Ag). Epithermal silicification and veining, as well as evidence of volcanogenic massive sulfide mineralization, was encountered in a 1998 drill hole located approximately 100 m from the adit,making the Betts a compelling target for further exploration.
All of the targets identified for drilling occur within Triassic Brooklyn Formation sediments, the same rocks that host copper-gold skarn mineralization at the
Drilling
A permit for drilling has been submitted to the
Rock Sampling Highlights
A total of 50 rock samples were collected, with results returning > 0.5 g/t gold or > 5000 ppm copper (0.5% copper) listed below.
Sample | Area | Au_g/t | Ag_g/t | Cu_% or ppm |
75903 | Iron Chief | 17.050 | 619.0 | 0.14% |
75904 | Iron Chief | 4.860 | 280.0 | 88 ppm |
75934 | Lady M | 3.800 | 6.4 | 0.45% |
75928 | Lady M | 2.910 | 2.7 | 569 ppm |
75926 | Lady M | 1.410 | 47.4 | 1.07% |
75923 | 0.736 | 8.0 | 0.57% | |
75910 | Betts | 0.676 | 34.4 | 4.75% |
75920 | 0.509 | 5.8 | 0.93% | |
75909 | Betts | 0.458 | 18.5 | 2.36% |
75918 | 0.267 | 19.9 | 1.08% | |
75912 | 0.264 | 25.5 | 0.40% | |
75937 | 0.106 | 4.8 | 0.77% | |
75915 | 0.099 | 3.9 | 0.79% |
Rock samples described in this release were shipped to
Results for 2006 rock samples included on maps that form part of this news release are from an original laboratory certificate contained in Assessment Report #28542. Samples were collected by employees of
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and has been reviewedand approved by
About
By utilizing new exploration technology, geological modelling and specialized 3D data analysis, the company is successfully identifying new areas of mineralization beneath and/or in the near vicinity of the past producing mines.
The Belmont project portfolio:
Athelstan-Jackpot, B.C. – * Gold-Silver mines
Come By Chance , B.C. – * Copper-Gold mineLone Star ,Washington – * Copper-Gold minePathfinder, B.C. – * Gold–Silver mines
Black Bear, B.C. – Gold
Pride of the West, B.C.- Gold
Kibby Basin ,Nevada – LithiumCrackingstone,Sask. – Uranium
* past producing mine
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
Ph: 604-505-4061
Email:george@belmontresources.com
Website:www.BelmontResources.com
We seek safe harbor. Neither
Copyright (c) 2022 TheNewswire - All rights reserved.
Copyright (c) 2022 TheNewswire - All rights reserved., source