Belmont Resources Inc. provided an update for its Belmont-Marquee Resources Kibby Joint Venture (JV) 3,000 meter drill program in Nevada. The objective of Kibby drill program is to delineate a lithium-enriched brine aquifer deposit in Kibby Basin, Nevada, USA that is amenable to mining using wells to extract brine for processing to a saleable lithium hydroxide monohydrate (LiOHH2O) product. Drill hole KB22-01 has been completed at a total depth of 2,888 feet (880 meters).

This drill hole targeted a highly conductive geophysical (magnetotelluric - MT) anomaly, which has the signature for a potential lithium enriched brine aquifer within the Kibby Playa (dried lakebed). Drill core from KB22-01 has been sent to Belmont's core cutting facilities in nearby Mina, N, where it is being processed for lithium analyses. Formation water samples were collected at various depths and have been sent to Western Environmental Testing Laboratory in Sparks NV for lithium and water chemistry analyses.

Water sampling was conducted by Geoffrey Baldwin, P.G. of Applied Hydrologic LTD. Drilling on hole KB22-02 started on August 28 and is progressing much quicker than KB22-01. The hole is currently at a depth of 1,200 feet (365 meters).