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Belmont Resources agrees to option agreement with Marquee Resources on Lonstar and Kibby Properties

Belmont Resources agrees to option agreement with Marquee Resources on Lonstar and Kibby Properties

Belmont Resources CEO George Sookochoff joined Steve Darling from Proactive to share news the company has entered into option agreements for their Lone Star Copper-Gold Project in Washington State and the Kibby Basin Lithium Project in Nevada. Sookochoff telling Proactive Marquee Resources will make cash payments to Belmont, spend 5 million in exploration expenditures on the two projects and issue to Belmont 6 million shares of Marquee over the two-year earn-in period to earn an 80% interest in each of the two projects.