Belmont Resources Inc. reported the results from the fall 2021 program of 3D Induced Polarization (3D IP), prospecting and rock sampling on the company's 100% owned CBC Property near Grand Forks, Southern British Columbia. The 3D IP Survey was completed by Frontier Geoscience and tested a 478 hectare area that covered the majority of the property. The most prominent feature of the IP survey is a large prominent resistivity low in the central part of the property. Known copper-gold mineralization on the claims coincides with the margins of the large resistivity feature. Further exploration work will be conducted in this area to determine to causation of this feature and its relationship to the surrounding mineralization. The fall 2020 rock sampling and prospecting program was completed on the property prior to the IP survey. A highlight of the rock sampling program was the confirmation of high gold values at the Iron Chief occurrence. Historic workings at the Iron Chief occurrence follow a northeast-trending sulfide-rich
quartz vein of unknown width that is spatially associated with a prominent monzonite dyke of similar orientation. The Betts occurrence is the site of considerable historic workings, including a 251 m adit which intersected massive sulfide mineralization. In 2021, high copper values, with elevated gold and silver, were returned from samples collected of mineralization in the dumps of the historic workings (sample75910, 4.75% Cu, 0.676 g/t Au, 34.4 g/t Ag). All of the targets identified for drilling occur within Triassic Brooklyn Formation sediments, the same rocks that host copper-gold skarn mineralization at the Phoenix mine 6 km to the northwest.