Belmont Resources Completes Over 2,000 Meters of Diamond Drilling at 100%-Owned Come By Chance Property in Southern British Columbia
(TheNewswire)
Vancouver, B.C. – TheNewswire - July 15, 2025 –
Belmont Resources
Inc. (TSX.V: BEA; FSE: L3L2) (“Belmont” or
the “Company”) is pleased to announce the successful completion of
its 2025 diamond drilling campaign, totaling over 2,000 meters, at the
Company’s 100%-owned Come
By Chance (“CBC”) project, located in the
historic and mineral-rich Greenwood mining camp in southern British
Columbia.
A Dual-Potential Target:
Porphyry-Copper and CRD System
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The CBC property exhibits compelling geologicalfeatures indicative of both a copper-gold porphyry system and ahigh-grade carbonate replacement deposit (CRD), situated within thehighly prospective Quesnel Terrane.Key Geological Highlights
Porphyry Indicators:
2022 drilling confirmed widespread porphyry-stylealteration, veining, and mineralization.
Strong propylitic alteration halos present in all 2022drill holes — a classic porphyry signature.
Up to 20% pyrite mineralization observed, potentiallyforming halos around a concealed porphyry core.
Geophysical surveys reveal zonation patterns consistentwith a porphyry center.
CRD-Skarn Potential:
Limestone units of the Brooklyn Formation provide idealhost rocks for CRD-style mineralization.
Monzonite and syenite intrusions represent potentialsources of metal-rich hydrothermal fluids.
Major structural corridors (Eagle and Lind CreekFaults) likely acted as fluid conduits.
High-grade surface samples include values up to 17.05g/t Au and 6.74% Cu.
2022 drilling identified skarn-style alterationconsistent with CRD systems.
2025 Drilling CampaignOverview
The 2025 program was designed to follow up on promising2022 results and geophysical data that vector toward a possiblemineralized center at depth. Five key target areas were selected basedon integrated geological and geophysical modeling, with one diamonddrill hole testing each target.
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All holes were successfully completed on schedule andwithin budget.
Next Steps
Belmont’s geological team is currently logging andprocessing core samples. Assay samples will be shipped to MSALABS inLangley, B.C. by the end of this week. Results are expected withinapproximately eight weeks.
“We are encouraged by the geological featuresobserved during this latest round of drilling,” said GeorgeSookochoff, President and CEO of Belmont Resources. “The integrationof our 2022 and 2025 programs continues to support the presence of arobust porphyry-CRD system at Come By Chance. We look forward tosharing assay results as they become available.”
About Belmont
Belmont has assembled a portfolio of highly prospectivecopper, gold, lithium, uranium and rare earths projects located inBritish Columbia, Saskatchewan, Washington and Nevada States.
Flagship projects:
Come By Chance (CBC) Property: ACompelling Porphyry-CRD System
Athelstan-Jackpot (A-J) Gold –British Columbia:
• A-J GoldProject, which includes two past producing goldmines—Athelstan and Jackpot—that yielded 7,600 ounces of gold and9,000 ounces of silver (Minfile 082ESE047). Key highlights of theproject include:
• ExtensiveSurface Gold Mineralization: A 1,500-meter goldtrend with widespread surface gold mineralization has beenidentified.
• Potential Resource Estimate: Previoustrenching and sampling suggest a potential resource of 2,000 to 5,000ounces of gold in surface and near-surface mineralized areas (2002Summary Report by R.E. Miller, P.Geo).
• Exploration Focus: Belmont is investigatingthe potential for economic gold grades in mineable surfaceand near-surface ore zones along this trend.
Crackingstone Uranium –Located in Saskatchewan's uranium-rich Athabasca Basin.
• ExceptionalHigh-Grade Uranium Potential: The property hasdemonstrated historic grab sample grades of up to 15.6% U₃O₈.Previous mining on the site produced 11 tons at an average grade of2.3% U₃O₈.
(A Qualifying 43-101 Report On theCrackingstone River-Ruza Property Beaverlodge District SE of UraniumCity Saskatchewan for Belmont Resources Inc. By R.A. Bernatchez, P.Eng. Consulting Geologist, July 11, 2006)
• ExtensiveMineralized Corridors: Three major conductiveand structural mineralized corridors, totaling 10 kilometers inlength, have been identified and are associated with high-gradeuranium occurrences.
• Comprehensive Drilling Program: Belmont hassubmitted a permit application for a two-year drilling initiative,which includes 40 drill holes totaling 10,000 meters. This programreflects the company’s confidence in the property’s potential tohost significant uranium resources.
Situated just six kilometers from Uranium City, theCrackingstone property benefits from excellent infrastructure,including road access, power availability, and logistical support.Belmont’s exploration efforts also include evaluating rare earthelement (REE) potential on the property, further enhancing itsstrategic importance.
Our Option Partner:
Lone Star Copper-Gold – WashingtonState: 50% optioned to Australian MarqueeResources ASX:MQR; MQR has spent $2.5M in drilling, completed newresource in Dec. 2022 and a PEA in November 2023. (BEA NR Nov. 29, 2023)
Kibby Basin Lithium – NevadaState: 80% optioned to Australian MarqueeResources ASX: MQR; project located 60 kilometers north of the lithiumrich Clayton Valley Basin. MQR has spent $2.5M in drilling in 2022 forpotential deep seated lithium brine. 2022 Drilling confirmed highlevels of lithium-bearing sediments along with dissolved lithium inthe groundwater. (BEA NR Dec8, 2022).
NI 43-101 Disclosure:
Mr. Laurence Sookochoff, P.Eng., independent consultantfor Belmont Resources Inc., is a qualifiedperson for the purposes of National Instrument 43-101 and has reviewedand approved the technical content in this news release.
Issued by the Office of the President and CEO
“GeorgeSookochoff”
George Sookochoff,President/CEO
george@belmontresources.com
C: 604-505-4061
Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
This Press Release may contain forward-lookingstatements that may involve a number of risks and uncertainties, basedon assumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of exploration andother risk factors beyond its control. Actual events or resultscould differ materially from the Companies forward-looking statementsand expectations. These risks and uncertainties include, among otherthings, that we may not be able to obtain regulatory approval; that wemay not be able to raise funds required, that conditions to closingmay not be fulfilled and we may not be able to organize and carry outan exploration program in 2025, and other risks associated with beinga mineral exploration and development company. These forward-lookingstatements are made as of the date of this news release and, except asrequired by applicable laws, the Company assumes no obligation toupdate these forward-looking statements, or to update the reasons whyactual results differed from those projected in the forward-lookingstatements.
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