Drilling Starts At The Kibby Basin Lithium Project

VANCOUVER - Belmont Resources Inc. reported that drilling at Belmont-Marquee Resources Kibby Joint Venture (JV) in Nevada has started. The planned 2 stage – 3,000 meters in three drill holes will target a highly conductive geophysical anomaly, which has the signature for a potential lithium enriched aquifer beneath the Kibby Playa (dried lakebed). Phase I – 2,000m : Drill holes KB22-01 and KB22-02(each 1,000m) will test the large conductive anomaly at depth. Phase II – Depending upon Phase I results will focus on infilling between KB22-01 and KB22-02 to determine brine volume estimation.

President  & CEO, George Sookochoff, said, “ We are excited to have our 3rd drill program getting underway after our CBC and Lone Star drill programs. We plan to have plenty of news coming from these three projects throughout the summer.”

The objective of drill program is to delineate a lithium-enriched brine aquifer deposit in Kibby Basin, Nevada, USA that is amenable to mining using wells to extract brine for processing to a saleable lithium hydroxide monohydrate (LiOH·H2O) product.

The potential deposit type is a continental, mineral-enriched brine aquifer within a hydrographically closed basin (endorheic basin). Continental brines are the primary source for lithium products worldwide. Bradley and others (2013) noted that “all producing lithium brine deposits share a number of first-order characteristics: (1) arid climate; (2) closed basin containing a playa or salar; (3) tectonically driven subsidence; (4) associated igneous or geothermal activity; (5) suitable lithium source-rocks; (6) one or more adequate aquifers; and (7) sufficient time to concentrate a brine.