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Belmont Resources Inc. is an emerging resources company engaged in the acquisition, exploration and development of mineral properties; in Canada and United States.

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Message: Spoke with BEA,,,,from Stockhouse

 

Spoke with BEA,,(RiskyBusiness92)

I spoke with Gary yesterday for about 10mins to ask how things are progressing.  It was very informative.  Here's some of what he told me:

1. The industrial use water rights are coming along and they don't expect any issues.  They've already had the ads in local papers and such and all look good on that front.

2. There are two old wells on/near the property and one of them is where they got water for the drilling.

3. They were hoping for a decision from MGX very soon about the next drilling plan.  The equipment is still there so they can start immediately and they'll probably two holes but won't bother going all the way to 1700ft.  The holes will take 8-10 days to drill, each. 

4. ALS is doing the assays which get prepared in the US and are shipped to North Vancouver for testing.  

5. The brine is being re-assayed because of a "discrepancy" on the first go.  It took two weeks for the first assay of the brine and the second started a week ago so we should see results by end of next week (assuming they publish them right away.) He did not know what the nature of the issue was; only the geologist knows, because he can't own shares.

6. He didn't say what MGX's plans are for bringing their equipment down so I guess we'll just have to see.

Overall, he seemed very confident about Kibby Basin.  

There's definitely lithium and water there and there is tech available to get it out.  I think it'll be better than Silver Peak if MGX's tech works given that they'll have water, they'll be able to extract quickly, and they'll be able to reuse the water.  

Hope this is helpful,


Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.bea&postid=28756343#O1vwBVEKXRMiO7E7.99

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