Litio en arcillas marrones

Belmont Resources
https://investingnews.com/company-profiles/belmont-resources-mineral-resource-

exploration-company-in-canada-and-united-states/

Broad-Based Mineral Resource Exploration in North America

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This profile is part of a paid investor education campaign.*

Overview
Belmont Resources (TSXV:BEA) is an emerging resources company pursuing the
acquisition and production of resource projects in the lithium, uranium, cobalt and zinc
spaces, particularly in Canada and the United States.

The company’s Nevada property, the Kibby Basin project, is a lithium brine project totaling
6,020 acres in Esmeralda County, Nevada. Geological studies of Belmont Resource’s
project has shown the presence of a significant lithium anomaly beneath the property’s
surface.

Magnetotelluric testing of the project have indicated resistivity of 0.14 ohms, indicating
high lithium concentration. Belmont Resources’ management have not seen this level of
resistivity matched in any documentation made available by other companies in the region.

In Saskatchewan, Canada, Belmont Resources has partnered with Montoro Resources

(TSXV:IMT) to acquire the Crackingstone River-Ruza project, a development-ready
property where assays have shown values that include 6.55 percent uranium, 8 g/t silver and
over 5,000 ppm lead. The project is located in a world-renowned jurisdiction distinguished
for its mining-friendly climate.

Belmont Resources’ second Canadian venture is located nearby to Saint John, New
Brunswick, where the company has staked out approximately seven square kilometers of
prospective zinc and cobalt deposits. Historical exploration on the property has produced
promising results and the property’s northeastern and western sections are nearly
unexplored.

Company Highlights
 Three projects in mining friendly jurisdictions of Nevada, Saskatchewan and New
Brunswick
 The company has 40 years of resource experience
 Only exploration company currently in the Kibby Basin, Nevada
 Drill targets already located at the Kibby Basin project
 Uranium City project is development-ready
 Management and board control 10 percent of outstanding shares

The Kibby Basin Project

Belmont Resource’s Kibby Basin project is located in Nevada’s Monte Cristo Valley and is
65 kilometres north of the well known lithium mining area of Clayton Valley. The Kibby
project is comprised of 47 registered claims and 142 newly staked by Belmont for a total of
6,020 acres; all in Esmeralda County, Nevada. Belmont Resources announced in April,
2018 that they have applied to the State to secure water rights for the property, crucial for
future extraction of the lithium brine on the property. To ensure that all state requirements
are met and to maximize the benefits of their water permit, the company has engaged the
services of a water management consultant with over 30 years of experience in Nevada.

Nevada – an historically mining-friendly state – has well-developed infrastructure,

consistent permitting protocols, and places emphasis on sustainable development. The
Kibby Basin project is situated close to a major highway, has well maintained and graded
access roads, and is close to power transmission lines.

Photo:
Drilling adjacent to the playa in Kibby Basin, 2017
Geological analysis of the Kibby Basin has revealed proximal rhyolitic flows and tuffs in
the rocks surrounding the basin. These are a potential source for lithium bearing minerals.
Over time, precipitation and overland water flow carries these minerals and deposits them
in the valley floors where they can accumulate and eventually be carried down into the
groundwater table. The “closed basin” nature of the Kibby property means that groundwater
does not leave the area and over time the high degree of evaporation from the arid
environment will cause chemicals, including lithium salts, to become concentrated into a
salt solution or brine. Lithium-enriched brine is known to occur in many arid areas and is
extracted commercially in Nevada, Chile, Bolivia, Argentina, and Tibet.

The Kibby Basin project’s potential lithium stores are found in the fine soils in the playa
(dry lake bed) and concentrated groundwater. Lithium–enriched brine is both highly cost-
effective to extract and the dominant source of lithium production globally.

Local geophysical signatures in Belmont’s Kibby Basin property reflect anomalies

comparable to Pure Energy Minerals’ (TSXV.PE) Clayton Valley claims. Pure Energy’s
project has an inferred lithium resource of 218,000 metric tonnes and an average lithium
grade of 123 mg/l, making it one of the largest lithium-carbonate-equivalent NI43-101
verified resources in North America.

In June, 2017 Belmont Resources announced the results of their first phase drilling
test. The company conducted core drilling in the property’s dry lake bed, encountering
fine-grained clay-rich sediments. Drill findings included 70 parts per million (ppm) lithium
to 200 ppm lithium, with 13 of 25 core samples assaying over 100 ppm lithium. The results
suggest that the sediments could be a potential source of lithium for the underlying aquifers.

Bureau of Land Management approval for drilling is expected to be received by mid-May,

2018 after which Belmont Resources will begin its second phase drilling program to test the
anomalous layer (highly potential brine aquifer) beneath the basin. The plan includes the
drilling of up to five holes at approximately 500 to 1000 metres in depth. The program is
estimated to cost $500,000 to $850,000.

The Crackingstone River-Ruza Property

Belmont Resources, in equal partnership with Montoro Resources, owns a development-
ready, 12,841-hectare property eight kilometres southwest of Uranium City, Saskatchewan
in the Athabasca Basin. The property’s claims are in good standing until 2021 with some
valid until 2032.

Saskatchewan accounts for over one third of uranium production, globally. Saskatchewan
enjoys uninterrupted stability and possesses all of the necessary infrastructure. The Uranium
City airport, for example, is still fully operational.

Additionally, the province is a highly mining-friendly jurisdiction. In 2013, the

Saskatchewan was rated the number one mining jurisdiction in the world by the Fraser
Institute, a Canadian think tank.

Geography and exploration

The project’s topography consists of numerous lakes separated by hummocky rock ridges.
The property’s major fault area is the Black Bay Fault which forms a well marked
obsequent fault scarp along the shoreline of the Crackingstone peninsula for a strike length
of approximately 40 kilometers.
This fault, and four others in the area, show evidence of multiple reactivations, providing
sufficient fractured ground for hosting uranium mineralization. Assays from 20 samples
gathered on the property in 2006 indicated results as high as 6.55 percent uranium, 8 g/t
silver and over 5,000 ppm lead.

The Mid Corner/Johnson Croft Property

24 kilometers northwest of Saint John, New Brunswick is Belmont Resources Mid
Corner/Johnson Croft (MC) property. The property is comprised of 31 mineral claims, is
accessible by paved roads and has access to electricity through a three-phase transmission
line. Belmont Resources has entered into a purchase agreement to attain a 100 percent
interest in the seven square kilometer property, still largely unexplored to the west and
northeast.

Historical exploration

In a release verified by a Qualified Person as defined under NI 43-101, Belmont Resources

published the property’s historic exploration results. In 1970, a single sample of breccia
contained 0.96 percent cobalt and 16.04 percent zinc. Further assays found 1.66 percent
zinc in 1999 and over 20,000 ppm zinc in 1991. These findings have led the company’s
management to believe in the presence of a lead-zinc mineralized zone beneath thick
overburden.

The MC property’s geology includes a quartz-carbonate breccia filling which occurs along
a north-northwest trending fault. On its northern side, the fault bisects the contact of the
Welsford Granite with the Silurian Jones Creek Fm. Mineralized veins on the property
occur both in and long the contacts of reddish granitic rocks and in the faulted sedimentary
rocks.

Management
James H. Place, P. Geo—President, CEO, Director

James Place has worked for government and private industry as a consultant for 24 years
including engineering groups, environmental assessment specialists, and private mineral
developers. He is experienced in providing support to government and private organizations
includes property assessment, project planning, management, supervision, and
administration for all types of engineering and development projects.

His experience of providing management and directorship on a number of public companies

will provide a significant contribution to the Company at this stage of exploration and
development.

Gary Musil—Secretary, CFO and Director

Gary Musil has more than 30 years of management and financial consulting experience and
has served as an officer and director on numerous public companies since 1988. This
experience has resulted in his overseeing the financial aspects and expenditures on
exploration projects in Peru, Chile, Eastern Europe (Slovak Republic), and British
Columbia, Ontario, Quebec and New Brunswick (Canada). Prior to this, he was employed
for 15 years with Dickenson Mines Ltd and Kam-Kotia Mines Ltd as a controller for the
producing silver/lead/zinc mine in the interior of British Columbia, Canada.
Vojtech Agyagos—Chairman of the Board and Director

Vojtech Agyagos has more than 25 years of management and financial consulting
experience and has served as an officer and director on numerous public companies since
1982. This experience has resulted in his managing exploration projects in South America,
Eastern Europe (Slovak Republic)-in oil/gas and mineral exploration, and British Columbia,
Quebec, Labrador and Ontario (Canada). Vojtech Agyagos has served as president and
director of Belmont since December 1996.

Roger Agyagos—Director

Roger Agyagos has a diploma in management systems from BCIT. Since 1995 he has been
vice-president for a private BC company providing office management and financial
consulting services to various private and public companies. He with daily correspondence,
office services, preparation of news releases and financial statements.

Dusan Berka, P. Eng—Director

Dusan Berka has over 40 years of international business experience spanning Europe and
the Americas with extensive experience in the finance, marketing and administration of
public companies, having served as a director and officer of various public companies
traded on the TSX, TSX Venture and NASDAQ exchanges. A graduate engineer with a
M.Sc. (Dipl. Ing.) degree from Slovak Technical University, Bratislava, Slovakia (1968), he
has been a member of the Association of Professional Engineers and Geoscientists of
British Columbia since 1977.

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