Bell Copper Provides Update
Bell Copper Provides Update
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2019) -
Bell Copper Corporation (TSXV: BCU)
("Bell Copper"
or the "Company")
is pleased to provide an update on the Perseverance porphyry copper project including corporate
activities.
Perseverance Project
Bell Copper has been informed by Joint Venture partner Cordoba Minerals, that a Magneto-Telluric (MT) survey will be
performed at the Perseverance porphyry copper project, located in northwestern Arizona, USA. It is anticipated that the survey
will be initiated prior to the end of January 2020.
K-20 is believed to be located on the periphery of a porphyry copper system (refer to Bell Copper news release dated
May 21
2019
), as indicated by a deep resistivity low identified by a previous MT survey (see Figure 1). However, this survey, completed
in 2017, did not close off this anomaly and did not extend as far to the northeast as the K-20 drill hole. The incompletely defined
low resistivity MT anomaly is similar to other large low resistivity anomalies associated with major porphyry copper systems
elsewhere.
The upcoming Magneto Telluric (MT) survey will be performed to close off the northeast end of the deep conductive anomaly
originally identified in the previous MT survey.
Figure 1:
Plan map showing the location of drill hole K-20 relative to the MT anomaly.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2825/50569_1d90b1239480b8e6_001full.jpg
Financing
The Company previously announced a non-brokered private placement (see the Bell Copper news release dated
October 4,
2019
) of units (the "Units") at a price of five cents (C$0.05) per Unit for gross proceeds of up to C$500,000. Each Unit shall be
comprised of one common share in the capital of the Company and one common share purchase warrant.
Each warrant entitles the holder to purchase an additional common share at a price of eight cents (C$0.08) per share at any
time within 24 months of the date of issuance, subject to the right of the Company to accelerate the exercise period of the
Warrants if common shares of the Company trade at or above C$0.40 for fifteen (15) consecutive trading days.
All securities to
be issued under this private placement will be subject to a four-month resale restriction.
Closing of the financing is expected to be completed in tranches and is subject to TSX Venture Exchange approval. The first
tranche will close on or before December 18, 2019 or as is practicable.
SME Arizona Conference 2019
Bell Copper CEO, Dr. Tim Marsh has been invited to speak at the upcoming SME Arizona Conference running from December
8-9, 2019 in Tucson, Arizona. Dr Marsh will be presenting during the Geology Technical Session where he will be talking about
the Company's Perseverance Porphyry Copper Project, near Kingman, Arizona.
For more information on the conference go to
www.smearizonaconference.com
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
A primary focus for Bell Copper is the ongoing exploration and development at the Perseverance 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).
Qualified Person
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"
Timothy Marsh, President, CEO & Director
For further information please contact the Company
Tel: 1 800 418 8250
Email:
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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