ZURICH, SWITZERLAND /
ACCESSWIRE / May 30, 2016 / Today, Rockstone Research published an update on Belmont Resources Inc. (TSX.V: BEA) as the company announced earlier today to have received exchange approval for acquiring 100% of the Kibby Basin Property, located 65 km north of the Clayton Valley in Nevada, USA. According to the newly filed NI43-101 Technical Report, the property has potential to host lithium-bearing brines in a geological setting similar to the continental brine model ascribed to the Clayton Valley.

As Albermarle Corp. has filed an official protest with the Nevada Division of Water Resources (NDWR) against any further granting of water rights in the “overapproriated” Clayton Valley, other basins in Nevada prospective for lithium brines – such as Kibby Basin – may experience an increased investor’s interest in the near future.

Rockstone expects Belmont to start exploration at Kibby Basin shortly, potentially creating vast shareholder value in case commercial grades of lithium-bearing brines can be identified on its property.

The full report can be accessed with the following links:

English (web version):http://rockstone-research.com/index.php/en/research-reports/1123-Dark-clouds-over-Clayton-Valley-and-green-lights-for-Belmonts-Kibby-Basin-Project

German (PDF): http://rockstone-research.com/images/PDF/Belmont2de.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