Belmont Resources Ltd. announced initial results of the A-J 2023 2,000 meter, nine drill hole A-J drilling program in southern British Columbia. 2023 Drilling focused on two zones on the property: North Zone: (Drill holes AJ23-01-05) drilling involved exploring largely untested, open ground in the northern portion of the property where targets were chosen between the Golden Crown and Athestan-Jackpot mines. Drill assays are pending.

South Zone - Athelstan mine area: (Drill holes AJ 23-06-09) drilling involved testing for potential mineralized feeder systems along and directly beneath the Athelstan mine, one of two historic gold mines on the A-J 1.5km mineralized gold trend and related historic mine workings. Initial results have been received for South Zone, Athelstan mine area for drill holes AJ23-06 - AJ23-09. As reported in previous news releases dated October 31 and November 16, 2023, all four drill holes (AJ23-06, AJ23-07, AJ23-08, and AJ23-09) beneath the Athelstan gold mine intercepted over 100 meter duration of extensive silicic and phyllic alteration accompanied by widespread sulphide mineralization.

These zones included multi-metre quartz shear and stockwork style vein intersections with all lithologies hosting widespread pyrrhotite and pyrite and lesser chalcopyrite and arsenopyrite. Although long grades of gold mineralization were intercepted (up to 150m) the grades were minimal with only two gold intercepts of note: AJ23-07 from 28m: 3.8 meters at 0.4 g/t Au including 1.9m at 0.60 g/t Au; AJ23-08: from 26m depth: 1.1 meters at 1.1 g/t Au.