Belmont Resources Inc (TSX-V:BEA) announced that it has intersected massive sulphides in first 14 drill holes of the 42-hole drill program on its Lone Star copper-gold project in Washington State.
The company said the first two diamond drill holes encountered “wide zones of high-grade copper mineralization” of up to 18.5% copper, 10.4 grams per tonne (g/t) gold, and 106 g/t silver.
“This is turning out to be one of the most exciting projects I’ve worked on in my 40-year career. With every drill hole so far we’ve seen beautiful intercepts of massive sulphides,” Belmont Resources CEO George Sookochoff said in a statement.
READ: Belmont Resources identifies five high priority drill targets at CBC property in British Columbia
“The new geological model gives us a much better understanding of the project and shows that the three stratigraphically separate rhyolite layers identified thus far may extend both laterally and at depth, which shows that there is an enormous amount of untested potential to this project,” Sookochoff added.
Belmont noted that new geological modelling shows the Lone Star project to be that of a submarine rhyolite dome with associated volcanogenic massive sulphide (VMS).
The company added that the next batch of assay results is due in early February, while the third batch expected in early March.
Belmont Resources is engaged in the business of acquiring and re-developing past-producing copper-gold-silver mines in southern British Columbia and northern Washington State. This region is considered to have the highest concentration of mineralization and past-producing mines in western North America.
Contact Sean at sean@proactiveinvestors.com