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
The CBC property exhibits compelling geological features indicative of both a copper-gold porphyry system and a high-grade carbonate replacement deposit (CRD), situated within the highly prospective Quesnel Terrane.
Key Geological Highlights
Porphyry Indicators:
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2022 drilling confirmed widespread porphyry-style alteration, veining, and mineralization.
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Strong propylitic alteration halos present in all 2022 drill holes — a classic porphyry signature.
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Up to 20% pyrite mineralization observed, potentially forming halos around a concealed porphyry core.
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Geophysical surveys reveal zonation patterns consistent with a porphyry center.
CRD-Skarn Potential:
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Limestone units of the Brooklyn Formation provide ideal host rocks for CRD-style mineralization.
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Monzonite and syenite intrusions represent potential sources of metal-rich hydrothermal fluids.
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Major structural corridors (Eagle and Lind Creek Faults) likely acted as fluid conduits.
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High-grade surface samples include values up to 17.05 g/t Au and 6.74% Cu.
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2022 drilling identified skarn-style alteration consistent with CRD systems.
2025 Drilling Campaign Overview
The 2025 program was designed to follow up on promising 2022 results and geophysical data that vector toward a possible mineralized center at depth. Five key target areas were selected based on integrated geological and geophysical modeling, with one diamond drill hole testing each target.
All holes were successfully completed on schedule and within budget.
Next Steps
Belmont’s geological team is currently logging and processing core samples. Assay samples will be shipped to MSALABS in Langley, B.C. by the end of this week. Results are expected within approximately eight weeks.
“We are encouraged by the geological features observed during this latest round of drilling,” said George Sookochoff, President and CEO of Belmont Resources. “The integration of our 2022 and 2025 programs continues to support the presence of a robust porphyry-CRD system at Come By Chance. We look forward to sharing assay results as they become available.”
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.
Issued by the Office of the President and CEO
“George Sookochoff”
George Sookochoff,President/CEO
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C: 604-505-4061
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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.
