U.S. Markets open in 1 hr 57 mins

MGX-Belmont Announce Next Round of Encouraging Lithium Drill Results from Nevada

ZURICH, SWITZERLAND / ACCESSWIRE / October 1, 2018 / After market close on Friday, Belmont Resources Inc. (TSX.V: BEA; Frankfurt: L3L1) reported the next round of lab results from drilling the first hole of 2018 (KB-3) at Kibby Basin in Nevada, a joint venture with MGX Minerals Inc. (CSE: XMG; OTCQB: MGXMF; Frankfurt: 1MG). As per the news-release, the results are – once again – encouraging in the sense that near-by aquifers may also host lithium-enriched brine:

"Lithium values for 20 of the 25 samples exceed 100 ppm Li with seven (7) samples containing greater than 375 ppm Li including another high of 580 ppm Li."

Today's assays are from the bottom of the hole (428-546 m; 1,403-1,791.50 ft). Core splitting and sampling is now being completed on the entire core section of the hole to give complete assay results for hole KB-3, hence further assays are expected to be announced shortly.

The full report can be accessed with the following links:

English: http://rockstone-research.com/index.php/en/research-reports/5144-MGX-Belmont-Announce-Next-Round-of-Encouraging-Lithium-Drill-Results-from-Nevada

German: http://rockstone-research.com/index.php/de/research-reports/5143-MGX-Belmont-verkuenden-die-naechste-Runde-starker-Lithium-Bohrergebnisse-aus-Nevada

Disclaimer: Please read the full disclaimer within the full research report as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research