DealRoom: Resource Co. Advances Historic Gold Prospect - (Belmont Resources)
posted on
Jun 26, 2019 07:08AM
Belmont Resources Inc. is an emerging resources company engaged in the acquisition, exploration and development of mineral properties; in Canada and United States.
The latest offering on the Stockhouse DealRoom comes from Canadian resources Company Belmont Resources Inc. (TSX: V.BEA, FSE: L3L1, Forum) recently acquired a historic Gold prospect in one of British Columbia’s most active gold camps; and still holding a strong position in its Nevada Lithium project.
Belmont is seeking to raise up to $240,000 through a non-brokered private placement of up to 4,000,000 Units at a price of $0.06 per common share plus (1) one two year transferable share purchase warrant at $0.08.
image: https://stockhouse.com/media/news-images/Independent-Reports/BelmontMap.jpg
(Project map via Belmont Resources. Click to enlarge)
The natural resource Company acquires, develops and explores mineral properties in the lithium-rich state of Nevada and across Canada. In British Columbia it recently acquired a 100% interest in the Pathfinder property, a 295.56 hectare gold prospect in the historically productive Greenwood, gold/copper camp. The Company has historic data under review to prepare for exploration later in 2019.
Comapny CEO, Jim Place, P.Geo., stated at the time:
“This was an opportunity that Belmont could not pass up. On the heels of a very positive Vancouver Resources Investment Conference; the Prospectors & Development Association of Canada and with the optimism in the market surrounding growth in gold prices, mergers and acquisitions, and mine development; we were presented with a portion of the Pathfinder property. Other exciting gold news from companies exploring the historic Greenwood area mining camp have received much investor's attention recently.”
The Company is also advancing its operations in northern Saskatchewan, where it shares a split 50/50 interest in two uranium properties with International Montoro Resources Inc. (TSX: V.IMT, OTCQB: IMTFF, Forum). The properties are a combined 982 hectares in the province’s Uranium City District.