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Belmont Optionee Marquee Resources Completes Lone Star PEA29.11.2023 | 14:00 Uhr | The Newswire
November 29 - Vancouver, B.C., Canada; Belmont Resources Ltd. ("Belmont" or the "Company") (TSXV:BEA) (FSE:L3L2) announces that its JV partner Marquee Resources Ltd. (ASX:MQR) for the Lone Star project situated in Washington State has completed a Lone Star NI 43-101 Preliminary Economic Assessment Technical Report (the "PEA"). The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43- 101") by Mining Plus (USA and Australia). The completion of a PEA is part of Marquee's final required work commitment in order to earn an 80% interest in the Lone Star Project. PEA Features:
Please refer to https://www.marqueeresources.com.au/ for more information and a full version of the PEA. George Sookochoff, CEO of Belmont Resources, commented, "While the Preliminary Economic Assessment offers an early glimpse into the project economics, it is important to note that it provides a preliminary perspective. It serves as a guide for steering the project toward a positive economic trajectory and eventual production. Despite the initial economic challenges identified, the report highlights critical factors that could potentially shift the economics into a positive direction. Notably, there is a prospect of a gold deposit approximately 400m west of the Lone Star deposit within the property. Additionally, the Lone Star deposit's open extensions to the east and south present further opportunities. Our forthcoming discussions with Marquee will shed light on their strategies for advancing the Lone Star project. Subsequently, we will update our Belmont shareholders on the developments." George Sookochoff, CEO of Belmont Resources, shared, "While the Preliminary Economic Assessment offers an initial overview of the project economics, it's crucial to recognize its preliminary nature. The assessment serves as a roadmap for navigating the project towards a positive economic outlook and eventual production. Despite the initial economic challenges outlined, the report highlights key considerations that could potentially pivot the economics towards a positive trajectory. Notably, there is the prospect of a gold deposit approximately 400m west of the Lone Star deposit within our property. Furthermore, the fact that the Lone Star deposit remains open to the east and south presents additional opportunities. Our upcoming discussions with Marquee will provide insights into their strategies for advancing the Lone Star project. Following these discussions, we will promptly update our Belmont shareholders on the latest developments." About Belmont Resources Belmont Resources has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include:
ON BEHALF OF THE BOARD OF DIRECTORS "George Sookochoff" George Sookochoff, CEO/President 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. This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2023, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Copyright (c) 2023 TheNewswire - All rights reserved. Dieser Artikel stammt von Rohstoff-Welt.de
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