Thursday, March 24, 2011

Contract Terminated

(Belmont Resources photo)



Belmont Resources has ended a potential agreement with another junior mining exploration company for partial ownership of a mining project north of Atikokan.

The agreement would have seen Dorex earn up to 60 per cent interest in Belmont's Lumby-Buffo property.

Belmot says Dorex failed to meet certain requirements and deadlines set out in the contract.