VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/13 -- Belmont Resources Inc. ("Belmont", the "Company" or "BEA") (TSX VENTURE: BEA)(PINKSHEETS: BEAAF)(FRANKFURT: L3L) is pleased to update the progress on the Berthiaume (the "Be") property.
Geosig Inc. of Quebec completed approx. 46.2 km. of induced polarization (TDIP) geophysical survey with a dipole-dipole electrode configuration on the three areas line cut, and as recommended in the NI 43-101 Report to establish the potential of the structural features of the property. A provision for drilling has been budgeted to test the IP anomalies from the IP survey interpretation, which is expected in a couple of weeks.
The Be Property is located halfway between the towns of Matagami and Lebel-sur-Quevillon, located in the prolific Abitibi greenstone belt of northwestern Quebec. It consists of two designated claim blocks of eight claims covering 447.84 ha (West Block) and 23 claims covering 1,287.56 ha (East Block).
Joutel Property - Exploration Planning
The Company will also be considering recommended line cutting and IP work next on its Joutel Township optioned property. Significant activity has been announced recently by other exploration companies in the Joutel area such as: Bold Ventures Inc. ("BOL")-December 7/12 nr; Visible Gold Mines ("VGD")-December 4/12 phase 2 drilling nr; and Globex Mining ("GMX")-November 5/12 nr announcing recent acquisition of 100% interest in the former Joutel copper mine (copper, zinc, silver) where Globex already has landholdings that include the 100% owned Eagle gold (gold, silver) and Poirier mines (copper, zinc, silver, gold), and a large package of prospective claims with excellent exploration potential.
About Belmont Resources Inc.
The Company has recently entered into a property option agreement to acquire four groups (51) mineral claims, representing 2,254.27 hectares located in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone of northwestern Quebec. This belt hosts several world class deposits that have produced both gold and base metals.
In February 2010 the Company entered into an option to acquire 100% interest in 3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property located approximately 35 km. northeast of the town of Atikokan and adjoining on strike to the north-northeast with the Osisko Mining Corp. (former Brett Resources Inc.) "Hammond Reef" gold deposit.
Belmont (50/50) with International Montoro Resources Inc. has acquired and explored two significant uranium properties (Crackingstone - 982 ha & Orbit Lake - 11,109 ha) in the Uranium City District in Northern Saskatchewan.
Further information can be obtained from the Company website at www.belmontresources.com and www.sedar.com, or by phoning 604-683-6648.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, Corp. Secretary/CFO/Director
The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Belmont Resources Inc.
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