Belmont Resources Launches Core Relogging Program at Crackingstone Uranium Project

Executive Summary

• Belmont Resources has launched a comprehensive core relogging and resampling program on its flagship Crackingstone Uranium Project, targeting the historic 2008 drill campaign (20 holes, 3,029.4 m).
• Management and HMS Bergbau AG representatives conducted site visits to Crackingstone, Athelstan‑Jackpot, and Come‑By‑Chance properties to review progress and provide strategic input.
• The relogging effort will incorporate advanced analytical techniques (pXRF, VNIR) to better characterize uranium, REE, and alteration signatures, informing future drilling plans (e.g., a 40‑hole, 10,000 m permit‑pending program at Crackingstone).

Key Details

• Program Scope: Axiom Exploration Group Ltd. will re‑log and sample drill core from the 2008 campaign; 44 % of historic core has been recovered and stored in Uranium City.
• Analytical Enhancements: Portable X‑ray fluorescence (pXRF) and visible/near‑infrared spectroscopy (VNIR) will be applied to all sampled intervals.
• Objectives:
• Generate detailed geochemical data for mineralization and alteration mapping while preserving sample integrity.
• Refine lithological models to guide future drilling.
• Assess rare‑earth element (REE) potential within thorium‑rich pegmatites, creating a dual‑commodity (U + REE) opportunity.
• Future Drilling Plans: Permit application submitted for a two‑year program at Crackingstone comprising 40 drill holes and ~10,000 m total depth.
• Site Visits: Management and HMS Consulting Geologist Dr. Thomas Unterweissacher visited:
• Crackingstone (Uranium/REE) – Saskatchewan
• Athelstan‑Jackpot (Gold) – British Columbia
• Come‑By‑Chance (Copper‑Gold) – British Columbia
• Strategic Context: HMS Bergbau AG, a major shareholder, is providing strategic input, highlighting growing European interest in Canadian uranium and critical minerals.
• Historical Highlights (Crackingstone):
• Grab sample grades up to 15.6 % U₃O₈.
• Historic mining produced 11 t at an average grade of 2.3 % U₃O₈.
• Three mineralized corridors (~10 km total) identified.
• Qualified Person: Mr. Ty Magee, M.Sc., P.Geo., Axiom Exploration Group Ltd., has reviewed and approved the technical content.

Notable Quotes

“These coordinated visits underscore the shared commitment of Belmont and HMS to advancing exploration across our key uranium, rare‑earth, and gold‑copper projects,” – Patrick Brandl, Interim President & CEO (also consultant to HMS Bergbau AG).