Drill Program At The Lone Star Copper-Gold Project In Washington State

VANCOUVER - Belmont Resources Inc. reported that its option partner Marquee Resources Ltd. has completed the first two holes of a planned 42 hole, 5,800 meter drill program on the Lone Star copper-gold project in Washington State. Drill holes LS21-01 and LS21-02 have now been completed and the drill samples are being prepared for shipment to MSALABS in Langley B.C., for analysis. The objective of the drill program is to confirm grade, width and tenor of mineralization to that of the 252 historical drill holes. In addition to achieve a drill hole spacing that is appropriate for advancing the 2007 historic inferred mineral resource to a current indicated resource category, and producing a Preliminary Economic Assessment (PEA) after which a decision may be made to move the project into production.

George Sookochoff, President & CEO, said, “With the drill now operating 24/7, and will continue to do so throughout winter, we are well underway in achieving our goal of establishing a potential commercial mining operation at the Lone Star project within two years.”

Hole LS21-001 was drilled to verify the existence of two separate mineralized zones on the Lone Star Property. That hole successfully intersected 100+ meters of significant sulfide mineralization in the upper zone, consisting primarily of pyrite with lesser chalcopyrite and traces of molybdenite hosted primarily by an altered intrusive which has been referred to as “dacite” in the district by many previous operators. A second, lower zone of similar sulfide mineralization hosted primarily by serpentinite was also intersected before the hole was terminated. The upper and lower zones are commonly separated by 40-60 meters according to previous studies. Both mineralized zones were historic targets on the property.

Hole LS2-002 intersected 30+ meters of significant sulfide mineralization in the upper zone consisting primarily of pyrite with lesser chalcopyrite, and traces of molybdenite hosted by an altered intrusive. The lower serpentinite-hosted zone of sulfide mineralization was also intersected in this hole before the hole was terminated.