Vancouver, B.C. Canada – TheNewswire - June 25, 2025 - Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSX.V: BEA; FSE: L3L2) is pleased to report that drilling is now underway on its Come By Chance (CBC) Copper-Gold porphyry/CRD target project. The 2025 program is expected to consist of 2,000 metres of drilling and is fully funded.
CBC Property: A Compelling Porphyry-CRD System
The CBC property displays all the hallmarks of a significant porphyry copper-gold system with exciting CRD (Carbonate Replacement Deposit) potential, representing a prime exploration opportunity in southern British Columbia's prolific Quesnel Terrane.
Dual-System Evidence
The CBC property demonstrates compelling geological characteristics supporting both models:
Porphyry Indicators:
• 2022 drilling confirmed porphyry-style alteration, veining and mineralization across a substantial area.
Extensive propylitic alteration halos encountered in all 2022 drill holes, a classic signature of porphyry systems.
• Significant pyrite mineralization (up to 20%) forming potential halos around a concealed porphyry core.
• Geophysical signatures showing characteristic zonation patterns around a potential mineralized center.
CRD-Skarn Potential:
• Brooklyn Formation limestone units providing ideal host rocks for replacement mineralization.
• Monzonite & syenite intrusions serve as potential sources of metal-bearing hydrothermal fluids.
• Major structural controls (Eagle Fault and Lind Creek Fault) acting as fluid conduits.
• High-grade surface samples (up to 17.05 g/t Au and 6.74% Cu) indicating robust mineralization.
• Skarn alteration assemblages identified in 2022 drilling.
2022 drill results along with geophysical data clearly vectors toward the potential heart of this system which is the focus of our 2025 drill program. Our systematic exploration approach continues to build evidence for a potentially significant discovery at the intersection of these complementary mineralization styles.
2025 Drill Program
CBC 2025 Drill Targets with Prospective Drill Holes
Initially, five target areas were chosen to most effectively evaluate the “Porphyry/CRD” model, with a total of nine drill holes planned to test these targets.
CBC Selected 2025 Phase I Drill Holes
Five of the nine planned drill holes were chosen for the Phase I program, totaling 2,000 meters of drilling.
Drilling Update
Drill holes CBC25_01 and CBC25_02 have now been completed and are currently being logged. The drill rig is now relocating to Drill Pad #3, where CBC25_03 and CBC25_04 will be drilled.
Planned Drill Holes CBC25_03 & 04 over IP-Chargeability
Planned Drill Holes CBC25_03 & 04 over IP-Resistivity
Planned Drill Holes CBC25_03 & 04 over Magnetics
Annual/Special General Meeting Set
The Company also announces that it has set its annual/special general meeting to be held in Vancouver, BC on September 3, 2025 (the “Meeting”). The record date has been set at July 25, 2025.
The Company has elected to use the “notice and access” provisions under National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer (the “Notice and Access Provisions”) for the Meeting. The Notice and Access Provisions are a set of rules developed by the Canadian Securities Administrators intended to reduce the volume of materials which are mailed to shareholders by allowing a reporting issuer to post proxy-related materials in respect of a meeting of its shareholders online.
The Company anticipates the notice and access will directly benefit the Company through substantial reductions in postage and printing costs. The Company believes that notice-and-access is more environmentally responsible to the extent that it reduces the large volume of paper documents generated by printing proxy-related materials.
Shareholders with questions about notice and access can call Olympia Trust Company toll-free at 1-866-668-8379.
The Meeting materials will be posted on the Company’s website at https://belmontresources.com/agm-2025/ and on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) under the Company’s profile at www.sedarplus.ca. To receive a paper copy of the Information Circular and Financial Statements, requests by shareholders may be made up to one year from the date the Information Circular is posted on the Company’s website by email to Olympia Trust Company at This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling toll-free at 1-866-668-8379.
Belmont has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States.
Flagship projects:
Come By Chance (CBC) Property: A Compelling Porphyry-CRD System
Athelstan-Jackpot (A-J) Gold – British Columbia:
• A-J Gold Project, which includes two past producing gold mines—Athelstan and Jackpot—that yielded 7,600 ounces of gold and 9,000 ounces of silver (Minfile 082ESE047). Key highlights of the project include:
• Extensive Surface Gold Mineralization: A 1,500-meter gold trend with widespread surface gold mineralization has been identified.
• Potential Resource Estimate: Previous trenching and sampling suggest a potential resource of 2,000 to 5,000 ounces of gold in surface and near-surface mineralized areas (2002 Summary Report by R.E. Miller, P.Geo).
• Exploration Focus: Belmont is investigating the potential for economic gold grades in mineable surface and near-surface ore zones along this trend.
Crackingstone Uranium –Located in Saskatchewan's uranium-rich Athabasca Basin.
• Exceptional High-Grade Uranium Potential: The property has demonstrated historic grab sample grades of up to 15.6% U₃O₈. Previous mining on the site produced 11 tons at an average grade of 2.3% U₃O₈.
(A Qualifying 43-101 Report On the Crackingstone River-Ruza Property Beaverlodge District SE of Uranium City Saskatchewan for Belmont Resources Inc. By R.A. Bernatchez, P. Eng. Consulting Geologist, July 11, 2006)
• Extensive Mineralized Corridors: Three major conductive and structural mineralized corridors, totaling 10 kilometers in length, have been identified and are associated with high-grade uranium occurrences.
• Comprehensive Drilling Program: Belmont has submitted a permit application for a two-year drilling initiative, which includes 40 drill holes totaling 10,000 meters. This program reflects the company’s confidence in the property’s potential to host significant uranium resources.
Situated just six kilometers from Uranium City, the Crackingstone property benefits from excellent infrastructure, including road access, power availability, and logistical support. Belmont’s exploration efforts also include evaluating rare earth element (REE) potential on the property, further enhancing its strategic importance.
Our Option Partner:
Lone Star Copper-Gold – Washington State: 50% optioned to Australian Marquee Resources ASX:MQR; MQR has spent $2.5M in drilling, completed new resource in Dec. 2022 and a PEA in November 2023. (BEA NR Nov. 29, 2023)
Kibby Basin Lithium – Nevada State: 80% optioned to Australian Marquee Resources ASX: MQR; project located 60 kilometers north of the lithium rich Clayton Valley Basin. MQR has spent $2.5M in drilling in 2022 for potential deep seated lithium brine. 2022 Drilling confirmed high levels of lithium-bearing sediments along with dissolved lithium in the groundwater. (BEA NR Dec 8, 2022).
NI 43-101 Disclosure:
Mr. Laurence Sookochoff, P.Eng., independent consultant for Belmont Resources Inc., is a qualified person for the purposes of National Instrument 43-101 and has reviewed and approved the technical content in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, CEO/President
This email address is being protected from spambots. You need JavaScript enabled to view it.
C: 604-505-4061
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2025, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
