Geophysical Survey Underway at Bell Copper's Perseverance Project in Arizona
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Bell Copper Corporation (TSXV: BCU) ("Bell Copper" or the "Company") reports that the previously mentioned Magneto-telluric survey (refer to the Bell Copper December 9, 2019 news release) is underway at the Company's Perseverance Porphyry Copper Project in Arizona. The Perseverance project is under a Joint Venture - Earn In with Cordoba Minerals Corp.
Quantec Geoscience USA ("Quantec") has been retained to conduct the magneto-telluric (MT) survey at the Perseverance Project. This MT survey is being performed to close off the large conductivity anomaly originally defined in the previous work and remains open to the northeast.
Figure 1: Previously completed Perseverance MT survey showing strong conductivity (resistivity low) anomaly in the northeast corner. Area to be surveyed by the 2020 MT survey is shown, as are drill hole locations from past drilling.
To view an enhanced version of Figure 1, please visit:
Drilling to date suggests that the anomaly reflects the southwestern edge of a concealed porphyry system. The incompletely defined low resistivity MT anomaly is similar to other large low resistivity anomalies associated with major porphyry copper systems elsewhere.
Tim Marsh, the Company's CEO, states, "The previous operator left low-hanging fruit in the form of a large conductivity anomaly that has the hallmarks of the type and size of target we have been seeking. Our closest drillholes to this anomaly, K-12, K-19, and most recently K-20, provide strong hints that the conductivity high is related to abundant sulfide veins and pervasive hydrolytic alteration. The ongoing MT survey will provide a high quality, three-dimensional conductivity model extending 3 kilometers beyond the wide-open edges of the known anomaly and up to 3 kilometers beneath the surface. The resulting model will then be used to plan the optimal approach for drilling the shortest possible holes."
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in a region responsible for 10% of the world's copper production: Arizona.
Perseverance Porphyry Copper Project
Porphyry Copper Project near Kingman, AZ, where we are pursuing the faulted-off top of a major porphyry copper system, the bottom of which is exposed in the foothills 9+ km west of the Company's property. The Perseverance project is under a Joint Venture - Earn In with Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF).
The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng., the Company's CEO and President. No mineral resource has yet been identified on the Perseverance Project. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable.
On behalf of the Board of Directors of
Bell Copper Corporation
Timothy Marsh, President, CEO & Director
For further information please contact the Company
Tel: 1 800 418 8250
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
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