Bemetals Commences Resource Expansion and Confirmation Drilling Program at the High-Grade South Mountain Zinc-Silver Project IN Idaho
August 1, 2019 TSXV: BMET
BEMETALS COMMENCES RESOURCE EXPANSION AND CONFIRMATION DRILLING PROGRAM
AT THE HIGH-GRADE SOUTH MOUNTAIN ZINC-SILVER PROJECT IN IDAHO
VANCOUVER, CANADA - BeMetals Corp. (TSXV: BMET) (“BeMetals” or the “Company ”) is pleased to
announce the commencement of BeMetals’ initial core drilling program at the high-grade South Mountain
Zinc-Silver Project (“South Mountain” or the “Project” or “Property”) in southwestern Idaho, U.S.A. This
summer’s drilling campaign is designed to test potential extensions and confirm the grade distribution of
the mineral resource outlined in the independent technical report titled, “National Instrument 43 -101
Technical Report Updated Mineral Resource Estimate for the South Mountain Project Owyhee Count y,
Idaho, USA .”, with an effective date of April 1, 2019, and available on the Company’s website at
www.bemetalscorp.com and on SEDAR at www.sedar.com.
HIGHLIGHTS OF THE PLANNED 2019 RESOURCE EXPANSION DRILLING PROGRAM
• BeMetals t o drill approximately 20 holes for some 2,500 metres from five underground drilling
platform locations within the Sonneman adit.
• The drilling program is designed to test potential down plunge extensions to the mineralised zones
and confirm the grade distribution of the current polymetallic mineral resource.
• Explore and scope the Texas Zone where the potential exists for an increased copper component to
the mineralisation based upon historical mining records.
• Provide a first phase of new drilling data towards the completion of a preliminary economic
assessment study in 2020.
John Wilton, President and CEO of BeMetals, stat ed, “ We are very pleased to have launched today’s
underground drilling at the high -grade South Mountain Zinc -Silver Project . This will be our first
opportunity to trace the mineralisation within close proximity to the existing Sonneman level, where we
see good potential to increase our resource base.
BeMetals is one of very few junior mining development and exploration companies to be actively
operating two concurrent core drilling programs this summer. In addition to drilling at South Mountain,
our core drilling campaign at the Pangeni Copper Explor ation Project in Zambia is now well- underway.
Initial drilling results from both the South Mountain and Pangeni projects are expected by early fall of this
year.”
THE PLANNED 2019 RESOURCE EXPANSION DRILLING PROGRAM
Over the past few months, BeMetals has formed a project team that is focused on advancing South
Mountain and is based in Boise, Idaho. This team includes key management of Thunder Mountain Gold
Inc., the Op tionees of the Property , who have coordinated re -establishment of the Project site for the
start of drilling . In addition, BeMetals has appointed a project manager and project geologist for this
team. Recent work at the Project included; grading of access road sections to the site, reconnecting the
electrical power system generated onsite, and restarting of the underground ventilation system.
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During this summer’s exploration program at South Mountain, BeMetals plans to complete a total of
about 20 holes with approximately 2,500 metres of diamond drilling. Fourteen borehole collars are
currently planned and surveyed with a further six positions contingent upon field results of the initial
holes. The Company will drill from the existing underground workings in the Sonneman Level as drilling
from underground will provide more accurate and cost effective drilling than from the surface. The drilling
will be conducted , in general, as a series of fans from f ive drill platform locations within the existing
Sonneman level. T wo to f ive holes will be drilled from each platform in order to test the down plunge
extension of the deposit below previously stoped areas. See Figures 1 and 2 below for the drill platform
locations, the initially planned 14 boreholes, and targeted mineralised zones from the results of previous
underground rib sampling of the Sonneman Level ribs at South Mountain.
HIGHLIGHTS FROM 2013-2014 RIB-SAMPLING PROGRAM
• DMEA Zones 1/2/3; 39.62m @ 16.76% Zinc (“Zn”), 140.91 grams per tonne (“g/t”) Silver (“Ag”),
3.08 g/t Gold (“Au”), 0.78% Copper (“Cu”) and 0.38% Lead (“Pb”)
• Muck Bay #4 Zone; 7.01m @ 14.69% Zn, 246.17 g/t Ag, 0.34% Cu and 0.65% Pb
• Laxey Zone; 12.19m @ 16.44% Zn, 478.97 g/t Ag, 0.68 g/t Au, 0.70% Cu and 0.86% Pb
(See BeMetals press release dated June 18, 2019 for more details on rib sampling results)
Figure 1: Plan View of Sonneman & Laxey Levels, showing locations of previously reported rib sampling
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Figure 2: Long Section of Sonneman Level, (Lo oking northeast), showing initial 14 borehole locations
THE SOUTH MOUNTAIN PROJECT
South Mountain is a polymetallic development project focused on high -grade zinc and is located
approximately 70 miles southwe st of Boise, Idaho . The Project was intermittently mined from the late
1800s to the late 1960s and its existing underground workings remain intact and well maintained. Historic
production at the Project has largely com e from skarn -hosted and high -grade massive sulphide bodies
that remain open at depth and along strike. According to historical smelter records, approximately 53,642
tons of ore have been mined to date. These records also indicate average grades; 14.5% Zn, 363.42 g/t
Ag, 1.98 g/t Au, 2.4% Pb, and 1.4% Cu were realised.
ABOUT BEMETALS CORP.
BeMetals' f ounding Directors include Clive Johnson, Roger Richer, Tom Garagan and John Wilton.
BeMetals is a new base metals exploration and development company focused on becoming a significant
base metal producer through the acquisition of quality exploration, development and potentially
production stage base metals projects. The Company is advancing both its early stage, tier one targeted,
Pangeni Coppe r Exploration Project in Zambia, and its advanced high -grade, zinc-silver polymetallic
underground exploration at the South Mountain Project in Idaho, USA. The Company’s growth strategy is
led by our strong Board, key members of which have an extensive proven record of delivering considerable
value in the mining sector through the discovery, construction and operation of mines around the world.
The Board, its Advisors, and senior management also provide outstanding deal flow of projects to
BeMetals based upon their extensive network of contacts in the international minerals business.
The technical information in this news release for BeMetals, has been reviewed and approved by John
Wilton, CGeol FGS, CEO and President of BeMetals, and a “Qualified Person” as defined under National
Instrument 43-101.
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ON BEHALF OF BEMETALS CORP.
"John Wilton"
John Wilton
President, CEO and Director
For further information about BeMetals please visit our website at www.bemetalscorp.com and sign-up
to our email list to receive timely updates, or contact:
Derek Iwanaka
Vice President, Investor Relations & Corporate Development
Telephone: 604-609-6141
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.
Cautionary Note Regarding Forward-Looking Statements
This news release certain contains "forward-looking statements" and “forward looking information” (as defined under applicable
securities laws), based on management’s best estimates, assumptions and current expectations. Such statements include but are
not limited to, statements with respect to: (i) potentially extending the mineralised zones down plunge and confirming the grade
distribution of the current polymetallic mineral resource ; (ii) releasing initial drilling results from both the South Mountain and
Pangeni projects by early fall of this year; and (iii) increasing the copper component to the mineralisation. Although the Company
has attempted to identify important factors that could cause actual results to differ materi ally from those contained in forward-
looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. These
statements should not be read as guarantees of future performance or results. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such stateme nts.
Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or
achievements to be materially different from those expressed or implied by such statements. Important factors that could cause
actual results to differ materially from expectations include, without limitation, the actual results of exploration activities, the
availability of financing and/or cash flow to fund the current and future plans and expenditures, the ability of the Company to
satisfy the conditions of the option agreements for the South Mountain Project and/or the Pangeni Project, and changes in the
world commodity markets or equity markets. Please refer to the Company’s most recent filings under its profile at www.sedar.com
for further information respecting the risks affecting the Company and its business. The forward-looking statements and forward
looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company
disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-
looking statements or forward looking information contained herein to reflect future results, events or developments, except as
require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information.