ZURICH, SWITZERLAND / ACCESSWIRE / June 28, 2016 / Today, Stephan Bogner from Rockstone Research published an update on Belmont Resources Inc. (BEA.V) as the company recently announced to have started the phase-1 exploration program on its 100% owned Kibby Basin Project in Nevada's Monte Cristo Valley, 65 km north of the Clayton Valley.
Wright Geophysics completed a geophysical review and work proposal program. A few days later, Belmont announced to have engaged Magee Geophysical Services to conduct a detailed gravity survey to map the central basin so as to permit generation of a 3D model of the basin fill; providing the coverage to determine basin depth and delineate the structural setting.
Last week on June 23, Magee completed the gravity survey, whereas Wright is currently interpreting the data and developing a 3D interpretation from the data. The results, expected any day now, will help outline the optimal testing areas for a direct push (Geoprobe) drilling and sampling program, which is expected to be announced shortly thereafter.
With a current market capitalization of less than $3 million, the company may generate substantial shareholder value in case the upcoming brine drilling turns out positive, as Rockstone anticipates.
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.comhttps://finance.yahoo.com/images/PDF/Belmont3en.pdf
English (web version):
German (PDF):
http://rockstone-research.comhttps://finance.yahoo.com/images/PDF/Belmont3de.pdf
Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research