Government Critical Mineral Research at Bell Copper’s Big Sandy Porphyry Copper Project in Arizona, USA
Suite 900 - 885 West Georgia Street | Vancouver, British Columbia | V6C 3H1 | Canada
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October 17, 2023
NEWS RELEASE
Bell Copper Corporation
Government Critical Mineral Research at Bell Copper’s Big Sandy
Porphyry Copper Project in Arizona, USA
VANCOUVER, B.C. - Bell Copper Corporation (TSX.V: BCU) (OTCQB: BCUFF) (“Bell Copper” or the
“Company”) reports that the Arizona Geological Survey, in collaboration with the University of Arizona
Department of Geosciences with funding from the United States Geological Survey and the State of
Arizona, has initiated a three-year project to assess potential resources of critical minerals in Arizona. The
paired Diamond Joe and Big Sandy deposits are the first of several porphyry systems in Arizona to be
selected for the study. For its part, the Company is contributing co re samples from its 100% owned Big
Sandy porphyry copper project, a large, concealed porphyry copper -molybdenum p roject located in
northwestern Arizona, approximately 30 kilometers from the Company’s Perseverance Project.
• Several critical minerals are commonly enriched in deposits like Big Sandy
• Big Sandy and Diamond Joe are first selected as subjects of the study
• Initial Samples have been contributed from the Company’s BS-3 drill core
The Arizona Geological Survey (“AZGS”) research initiative, led by Dr. Carson Richardson, Chief of Mineral
Resources & Bedrock Geology , has received funding from the United States Geological Survey (“USGS”)
with matching funds from the State of Arizona to conduct a geochemical reconnaissance survey of Arizona
copper deposits, host to 295 million tonnes of copper. A parallel study of New Mexico copper deposits is
being led by the New Mexico Bureau of Geology and Mineral Resources. This three-year project includes
Bell Copper’s recently discovered Big Sandy porphyry copper deposit.
As highlighted in a February 15, 2023 press release by the USGS, the goals of this project are to: 1) provide
a rigorous comprehensive compilation of geochemical analyses (both new and legacy data) of porphyry
systems in the Laramide magmatic arc of Arizona with an emphasis on specific porphyry systems that have
elevated concentrations of critical minerals; 2) develop a better understanding of the distribution of
critical minerals w ithin the alteration haloes of porphyry systems, and 3) provide evidence for critical
mineral potential for individual prospects/deposits and within specific alteration types and rock types.
Potential critical minerals in the greater Arizona project area include: aluminum, arsenic, bismuth, cobalt,
gallium, germanium, indium, manganese, nickel, the platinum group elements, scandium, selenium,
tellurium, tungsten and zinc. In its July 2023 Critical Materials Assessment, the U.S. Department of Energy
included copper itself as a “critical material”, due to its importance in electrification.
Porphyry copper systems like Big Sandy represent excellent opportunities to recover potentially economic
concentrations of critical minerals like rhenium, tellurium, selenium, and rare earth elements that are
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currently considered co-/by-product commodities. Dr. Richardson, in his proposal for funding from the
USGS, stated,
“This project aligns well with the Earth Mapping Resources Initiative (MRI) directives, as defined by the
2022 Bipartisan Infrastructure Law (H.R. 3684), by providing integrated geologic and geochemical data
that can be applied to mapping, integrating and consolidating geospatial and resource data, and by
providing interpretation of subsurface and above-ground mineral resources data for a world- class
mineralized province.”
AZGS has kicked off the three-year project with several staff scientists, and an MS student under the
supervision of Dr. Hervé Rezeau (Asst. Prof., U niversity of Arizona Geosciences) . Samples from Bell
Copper’s Big Sandy project were recently collected from drillhole BS-3 as well as from the nearby Diamond
Joe porphyry stock. The samples will be analyzed for their mineral chemistry, geo/thermochronology,
geobarometry, and fluid inclusion characteristics, with a goal of using these techniques to assess the
potential for critical minerals.
Dr. Timothy Marsh, Bell’s President and CEO, and a Qualified Person as defined by NI43-101, said,
“Bell is honored and excited to assist in this assessment of the nation’s critical mineral resources. The early
recognition that Big Sandy is a discovery of merit that might help to satisfy the future needs for critical
minerals emphasizes the need for the Company to determine the size of the system as quickly as possible.
With additional samples from BS-3 being analyzed at that University of Arizona, we will learn something
more about the ubiquity of the high levels of the strategic element rhenium seen in BS-1 and BS-3. We are
also likely to learn so mething new about potential byproducts that need to be routinely analyzed during
our early exploratory drilling.”
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of
large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry
Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture - Earn In.
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: [email protected]
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.
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www.bellcopper.net | Vancouver, BC, Canada | 1 800 418 8250
Forward Looking Statements
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of
Canadian securities legislation, including, but not limited to, the ability of Bell to identify a mineral resource at the
Perseverance or Big Sandy Projects. There is no certainty th at 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. All statements included in this news release, other than statements o f 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 finan cing 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