Belmont Resources Inc (TSX-V:BEA) has announced the latest batch of assay results from the Belmont-Marquee Resources Lone Star copper-gold project joint venture (JV) in Washington State, which include 4.9 metres (m) of 7.9 grams per tonne (g/t) gold and 17.7m of 2.8 g/t gold.
The company said a new high-grade gold zone has been identified within the Lone Star deposit, which is believed to exist as a result of multiple different mineralization events.
“Identifying new gold zones has the potential to add significant value to our upcoming Preliminary Economic Assessment of the Lone Star deposit,” Belmont Resources CEO, George Sookochoff, said in a statement.
READ: Belmont Resources seeing wide zones of mineralization at its Lone Star copper-gold project in Washington State
Belmont noted that the new gold zone indicates the potential to define further high-grade, structurally controlled gold mineralization that was not a focus of historical exploration programs.
It added that, to date, 3,578m of a 6,000m diamond drilling program has been completed at Lone Star with full assay results having been received from the first nine drill holes.
The company also said drilling is expected to be completed at Lone Star in the first quarter of 2022, with a resource estimate targeted for completion by the end of the first half of this year.
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.
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