Update At The Kibby Basin Lithium Project

VANCOUVER - Belmont Resources Inc. reported on the Belmont-Marquee Resources Kibby Joint Venture (JV) 3,000 meter drill program in Nevada. The objective of Kibby drill program is to delineate a lithium-enriched brine aquifer deposit in Kibby Basin, Nevada, that is amenable to mining using wells to extract brine for processing to a saleable lithium hydroxide monohydrate (LiOH·H2O) product.

Drill hole KB22-02 has been completed at a total depth of 915 meters (3,004 feet). The drill hole targeted a highly conductive geophysical (Magnetotelluric - MT) anomaly, which has the signature for a potential lithium enriched brine aquifer beneath the Kibby Playa (dried lakebed). Hole KB 22-02 drilled a section of muddy lakebeds with interspersed siltstones and sandstones, which can serve as important aquifers for lithium brines. Several intervals of tuffaceous sediments as well as airfall and reworked ash, also potential hosts for lithium brine, were encountered.

Drill core from KB22-02 has been logged at Belmont’s core cutting facilities in nearby Mina, NV. Ten percent of the core has been split and delivered to Paragon Labs in Sparks, NV for lithium analyses. Water samples are being analyzed for lithium and chemical/physical properties at Western Environmental Testing Laboratory in Sparks NV.

The inflatable packer can isolate discrete zones of the aquifer where water samples could be obtained and attributed to that specific part of the aquifer. This minimizes cross contamination between various levels and destabilization of the drill hole. The selected interval may be anywhere from 10 to 200+ foot intervals. The top and bottom of the interval are first sealed by inflating the packer seals. The interval is then purged of any fluids in the interval to avoid contamination before new fluid from the aquifer is allowed to accumulate in the interval before being pumped to surface.

This sampling process will be repeated numerous times to take specific water samples upward along the 915 meter drill hole. Each water sample is bottled and sent to Western Environmental Testing Laboratory in Sparks, NV for lithium analyses. Drilling KB22-02 Completed. Down Hole Packer Water Testing In Progress.

President & CEO, George Sookochoff, said, “I am excited to see that we have completed the second drill hole at Kibby. The first water sample was taken from 854-915 m (2802-3004 ft.) using an “Inflatable Packer” device. It is extremely important that any water sample taken from a precise depth interval be uncontaminated with fluids from above or below. Our hydrologist Geoffrey Baldwin, P.G. of Applied Hydrologic is doing a fantastic job ensuring that the samples are of the highest quality. Drilling for lithium brines is very challenging, especially at the depths we are drilling, but we have a great crew working on the Kibby site that have proved to be able to meet those challenges head on and keep the project moving forward. Robert Cuffney, Senior Geologist; Geoffrey Baldwin, Hydrologist; and the Drill NV crew.”