Nevada Kibby Basin Lithium Claims Expanded By Over 500%

VANCOUVER - Belmont Resources Inc. has staked an additional 10,868 acres (4,398 ha) covering nearly the entire Kibby Basin bringing the total claim area to 16,012 acres (6,480 ha). With the additional claims Belmont now controls land covering most of the entire Kibby Basin. The Kibby Basin lithium property is approximately halfway between Las Vegas and Reno; and approximately sixty kilometers north of Clayton Valley Basin with Albemarle Corporation’s lithium brine producing operations (Silver Peak Mine).

George Sookochoff, President & CEO, said,  “Lithium is back, and so is our Kibby lithium project. Now that the first phase of drilling at our AJ gold project is near completion and we await drill sampling results and with the markets showing a strong renewed interest in lithium, we are very anxious to also refocus our attention to our Kibby Lithium project. Upon re-analyzing our geophysical and drilling data we now believe the potential for both brine and clay lithiums in the Kibby Basin is actually larger than we originally had thought which is why we have now significantly increased our land position to cover nearly the entire Kibby Basin.”