Geophysical Survey Underway at Bell Copper's Perseverance Project in Arizona
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.
Magneto-Telluric Survey
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:
https://orders.newsfilecorp.com/files/2825/51643_f726502ce4858bea_001full.jpg
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).
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51643