Belmont Resources Inc. (TSX-V: BEA) has released results from a ground gravity survey at its Crackingstone uranium project near Uranium City, Saskatchewan, revealing a corridor of gravity lows along a northeast-trending fault system that the company believes may indicate uranium mineralisation. The survey covered approximately 6.7 km² across 2,179 gravity stations and identified multiple low-density zones, most of which have never been drilled. The disclosure suggests the company intends to use these results to sharpen drill targeting at the project, with investors now watching for the outcome of planned survey extensions and future drill programs.

Key Points

  • Belmont Resources Inc. (TSX-V: BEA; FSE: L3L2) released ground gravity survey results for the Crackingstone uranium project
  • A corridor of gravity lows extends approximately 2.8 km along a northeast-trending fault system, with most low-density bodies remaining undrilled
  • Samples grading ≥0.05% U₃O₈ occur approximately four times more often per 100 m of bedrock inside low-density zones than outside them
  • Survey extensions into swamp areas and to the southwest are planned once frozen conditions allow access

Gravity Lows Define Mineralisation Corridor at Crackingstone Fault System

The ground gravity survey completed 2,179 stations at approximately 40-metre spacing across roughly 6.7 km² at the Crackingstone project. Results outline a corridor of gravity lows following the northeast-trending fault system for approximately 2.8 km, running from the Beck 93 showing to the 2008 drill area. The company interprets these low-density zones as areas of alteration and fracturing consistent with fault-hosted, Beaverlodge-type uranium deposits known in the Uranium City district. The release states that uranium samples grading at or above 0.05% U₃O₈ appear approximately four times more frequently inside low-density core zones than in surrounding rock.

Historical Drill Intercepts Confirm Low-Density Zone Uranium Potential

One low-density body identified in the 3D gravity model lies directly beneath the 2008 drill area. Historical drill results from that area include an intercept of 2.09% U₃O₈ over 0.3 metres in hole C14 and grades of up to 0.37% U₃O₈ in hole C8, according to the announcement. The company states these results support its interpretation that uranium mineralisation at Crackingstone is concentrated where gravity data indicate lower-density rock. Several of the strongest gravity lows identified in the current survey occur where northeast-trending faults intersect east-west or northwest-trending structures.

Undrilled Swamp Areas and Southwest Extension Represent Open Targets

Three areas could not be fully surveyed: a central swamp of approximately 8 hectares averaging −0.54 mGal, an eastern wetland of approximately 27 hectares reaching −1.25 mGal, and a southwest extension of approximately 70 hectares with no stations and readings of −0.7 to −1.3 mGal. The release states the survey crew plans to return once swamps freeze to complete coverage and extend the survey southwest. Final drill targets will then be selected by integrating these new gravity results with existing structural and drill data.