Lone Star Drilling Program Update in Washington State

VANCOUVER - Belmont Resources Inc. reported on the progress of the 6,000 meter, 42 hole, drill program on the Lone Star copper-gold project in Washington State. Fourteen drill holes have been completed to date for a total of 2,500 meters and mineralized stratigraphy was encountered in every hole thus far. From the drilling to date a new geological model has developed for the Lone Star project to be that of a submarine rhyolite dome with associated VMS.

Drilling has identified at least three stratigraphically separate rhyolite layers, each of which is prospective for undiscovered mineralization along strike and down-dip, plus the addition of well-mineralized bedded sulfides in basaltic units. Further drilling will allow for further refinement of the new geological model and improve the ability to identify new targets elsewhere on the broader, prospective land position.

George Sookochoff, President & CEO, said, “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, some of which returned up to a very impressive 18.5% copper and 10 grams per ton gold. 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. We are excited to see the next batch of drill assay results.