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So why do we think we have REE’s on the Crackingstone? Well REE’s are often associated with the rock “pegmatite” and the element “Thorium”. We already see pegmatite in 17 of the 20 drill holes from 2008 as well as pegmatite outcrops on the property. As well, there are large Thorium anomalies shown in our 2006 radiometric survey over the Crackingstone property. So we are already off to a great start towards a potential “Rare Earth Metals” discovery.”
Rare Earth Elements (REE)
Rare Earth Elements (often referred to Rare Earth Minerals or Metals) have become essential to the future economy and security. They make possible the high tech world we live in today – everything from the miniaturization of electronics, to the enabling of green energy and medical technologies, to supporting a myriad of essential telecommunications and defense systems. These materials, many of which were of little economic interest until recently, are required to fuel a proliferation of technologies and industries that have become vital for social and economic well-being the world over.
The Rare Earth Metal supply chain has been a worry for
U.S. -based high-tech companies and defense contractors for years mainly becauseChina controls 80% of rare earths supply and 90% of the complexprocessing required to transform rare earths into the magnets and powders in which they ultimately end up.Canada has some of the largest known reserves and resources rare earths in the world, estimated at over 14 million tonnes of rare earth oxides in 2021. As suchthe United States is looking north toCanada to become a major supplier of rare earth metals to counter China’s dominant position.Rare earth minerals are processed primarily from ores and minerals that naturally contain uranium and thorium. Processing rare earth minerals involves the separation and removal of uranium and thorium.
Rare earth minerals are most often associated with pegmatite which is the host rock for many rare mineral deposits.
Appia Rare Earths and Uranium Corp’s Alces lake property, 34 kilometers east of
Uranium City , has recently reported some of the highest REE grades in the world; average zone high-grades range from 4.2 to 32.2 weighted percent total rare earth oxide or better known as TREO.Appia’s rare earths exploration has focused on pegmatites within thorium anomalous areas.
Belmont’s Crackingstone property contains in addition to Uranium, Thorium and Pegmatites.
Belmont 2008 drilling intercepted 170 meters collectively of pegmatite, associated with a Thorium radiometric survey anomaly, in 17 of the 20 holes drilled. Also there are large pegmatite outcrops on the property.
Pegmatite occurrences on Crackingstone were not reported extensively or assayed in the past because of their lower concentration of uranium values which was the main focus of exploration. Also as there was little global interest in rare earths at the time, rare earth potential of these pegmatites were never evaluated.
2023 Exploration Program
After an extensive review of previous exploration data from the Crackingstone Uranium/Thorium property along with learning from nearby REE discoveries and what important exploration vectors were used to make these discoveries ie. pegmatites within thorium anomalies, and the fact that the Crackingstone property has similar vectors for potential REE discoveries, Belmont resources is planning a rare earths focused exploration program for 2023.
The program will consist of the following:
Re-log 2008 drill core and re-assay for rare earth metals intervals containing pegmatite.
Belmont has over 3,000 meters of 2008 drill core stored at nearbyUranium City .Sample known pegmatite outcrops on the property.
Geological mapping of a large thorium radiometric anomaly in northwest area of the property.
- Delineate and sample new pegmatite showings in the thorium anomaly for Rare Earth Metals.
Click here to view Crackingstone video
About
Belmont Resources has assembled a portfolio of highly prospective copper-gold-lithium & uranium projects located in
The
Come By Chance (CBC), Athelstan-Jackpot (AJ) and Pathfindersituated in the prolific Greenwood mining camp in southernBritish Columbia .TheCrackingstoneUraniumproject in the uranium rich
Beaverlodge uranium district of northernSaskatchewan .The
Lone Star copper-goldmine in the mineral rich Republic mining camp of north centralWashington State .TheKibby Basin Lithiumproject located 60 kilometers north of the lithium rich
Clayton Valley Basin .
The Belmont project portfolio:
Come By Chance , B.C. – * Copper-Gold mineAthelstan-Jackpot, B.C. – * Gold-Silver mines
Crackingstone,Sask. – Uranium-Thorium
Lone Star ,Washington – * Copper-Gold mineKibby Basin ,Nevada – LithiumPathfinder, B.C. – * Gold–Silver mines
Pride of the West, B.C.- Gold
* past producing mine
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NI 43-101 Disclosure:
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
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) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source