Bemetals Identifies New Priority Target and Returns Additional Positive Results at Pangeni Copper Project
BeMetals Corp.
Suite 3123 · Three Bentall Centre · 595 Burrard Street · P.O. Box 49139 · Vancouver · BC · V7X 1J1 · Canada
Tel: + 1 604 609 6141
January 29, 2019 TSXV – BMET
BEMETALS IDENTIFIES NEW PRIORITY TARGET AND RETURNS ADDITIONAL POSITIVE
RESULTS AT PANGENI COPPER PROJECT
VANCOUVER, CANADA - BeMetals Corp. (“ BeMetals” or the “ Company”) (TSXV: BMET) is
pleased to announce that further encouraging results have been returned from its Phase 2 aircore
drilling program at the Pangeni Copper Exploration Project (“Pangeni Project”) in Zambia.
Highlights:
Newly identified H1 target
Highest tenor aircore sample returned 1,268 ppm copper
Independent laboratory confirms pXRF results from a representative set of samples
This program included both the 100-metre spaced infill aircore drilling of priority targets generated
from Phase 1 drilling, and the initial testing of other priority regional targets on the Pangeni
property. The Phase 2 program has generated a new target , H1, that is located in a compelling
geological setting below the thin Kalahari sand, near the contact between basement units and
interpreted Katangan stratigraphy (See figures 1 & 2 below). This geological setting is known to
host many of the significant copper deposits in the world class Zambian Copperbelt.
The Phase 2 results have also returned the highest tenor copper sample from the aircore
programs to date on the property , with a one metre sample of 1,268 parts per million (“ppm”)
copper in borehole D2 -09 (See Figures 1 & 2 below). This sample is at a depth of 27 metres,
some 3 metres below the Kalahari sand, and is supported by a sample at 26 metres depth of 943
ppm copper in the same borehole. This 100 metre infill borehole followed up a 586 ppm copper
anomaly returned in borehole D2-07 from the 200-metre spaced Phase 1 program.
John Wilton, President, CEO and Director of BeMetals said, “The Pangeni Project continues to
deliver robust exploration results indicating the potential for the discovery of significant copper
mineralization on the property. The Company , with its stro ng technical and local Optionees on
this project, Copper Cross Zambia and Pangeni Mineral Resources Limited, has designed and
implemented its exploration work with the objective to identify tier one scale deposits.”
The new compelling H1 target, and other defined anomalies from the combined Phase 1 & 2
programs will be further tested at the start of the 2019 field season. The interpreted geological
setting of the H1 copper anomaly, in particular, represents a high prio rity target for the project
along with the D2 and SW targets. These copper results are based upon a strict aircore drilling
sampling protocol and determined using a Desktop XRF analyser (“pXRF”) in a field facility. On
January 10, 2019, an independent labo ratory, Intertek Genalysis of Australia, provided res ults
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from a representative set of 93 samples from both the Phase 1 & 2 aircore programs. These
results compare favourably with the pXRF determinations. The combined results of the Phase 1
& 2 aircore pr ograms have demonstrated the prospectivity of the Pangeni Project and value of
efficient money-in-the-ground focused deployment of exploration funds.”
PHASE TWO AIRCORE RESULTS
The completed Phase 2 aircore program included 46 boreholes for 1,891 metres of drilling. The
thickness of the Kalahari cover unit varied as anticipated between the F1, F2 and G2 lines that
average some 49 metres, whereas the H1, D2 and E2 lines averaged overall some 25 metres of
cover (See figure 1 below). This work has importantly defined targets within a previously largely
untested region of potential extensions to the Zambian Copperbelt.
Figure 1 below shows the location of the P hase 2 aircore on lines D2, E2, F1, F2, G2 and H1
with individual boreholes indicating the range of maximum values for copper sampled in each hole
illustrated in blue symbols . The Phase 2 aircore drilling included 100-metre spaced infill drilling
centres on lines D2 and E2 with 200 -metre spaced reconnaissance exploration drilling on lines
F1, F2, G2 and H1. In general, g ood success was made in penetrating various hard ferricrete
layers found in some areas of the Kalahari sequence, and a total of 421 samples were analysed
by pXRF from the Phase 2 program. These representative samples were collected predominately
from the base of Kalahari, saprolite, and weathered bedrock areas of the regolith.
The H1 target is identified by aircore boreholes H1-5 and H1-07 that returned 586 ppm and 290
ppm copper respectively. The thickness of Kalahari cover on this line ranged from 9 to 57 metres
with an average of some 26 metres.
Significant Phase 2 aircore results on line E2 were aircore boreholes E2-08, E2-09 and E2-10,
respectively returning 236 ppm, 157 ppm and 104 ppm copper anomalies that now define targets
of 1,028 ppm, 452 ppm, and 537 ppm copper from boreholes E2-5, E2-04 and E2-03 respectively.
The Kalahari thickness across this line varies from 19 to 28 metres with an average of
approximately 24 metres.
Field sampling required a minimum of five samples per borehole representing, generally, 2 metres
from the base of the Kalahari sand, and 3 metres into saprolite and/or weathered bedrock where
taken when possible. Strict sampling protocol was observed through out the pXRF analysis to
include; equipment calibration, systematic use of certified reference material, blank standards,
and field duplicates (see details below in QA/QC section).
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Figure 1: Plan View of Phase 1 & 2 Aircore Drilling Results (Copper ppm) & Licence Scale
Regolith Map
Figure 2 below shows the range of copper values returned from Phase 2 aircore lines in blue
symbols, plotted on a geological map based upon the interpretation of aeromagnetic data
acquired over the property. Of specific interest is the understood favourable geological setting of
the H1 target at the contact between basement units and the northwestern thrust domain, in close
proximity to potential Katangan host units. A number of significant copper mines throughout the
Zambian Copperbelt are known to be located in such geological situations.
The improved definition of the Line E2 anomaly some 600 metres northeast of the SW Target,
where previous core drilling on the property in 2016, returned 5.5 metres at 0.48% copper (from
142.5 metres depth) in c ore borehole SW1 remains a priority target for the 2019 exploration
program (See figure 2).
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Figure 2: Plan View of Phase 1 & 2 Aircore Results (Copper ppm) & Licence Scale Magnetic
Interpretation of Bedrock Geology
The combined Phase 1 & 2 aircore program show the efficient nature of this exploration approach
to the initial testing of the Pangeni Project, the thin to moderate thickness of the Kalahari cover
units, and the critical identification of copper anomalies below the cover units. The next phase of
exploration work will include aircore infill drilling to define current 200-metre spaced targets from
Phase 2 (H1 Target) along with core drill testing of the priority H1, SW and D2 targets.
QUALITY ASSURANCE AND QUALITY CONTROL
On January 10, 2019, an independent laboratory, Intertek Genalysis of Australia, provided results
from a representative set of 93 samples from both the Phase 1 & 2 aircore programs. These
results were determined using multi-acid, near total digest, and analysed by Inductively Coupled
Plasma (“ICP”) Optical (Atomic) Emission Spectrometry (“OES”). They compare favourably with
the pXRF results and support the vigorous sampling protocol implemented for the field operations.
Field operations and management have been provided by Remote Exploration Services (“RES”)
an independent geological consulting and contracting company. The aircore drilling was
conducted by Blurock Mining Services, of Kitwe, Zambia. Details of the sampling protocol were
provided in BeMet als news release “BeMetals Returns Positive Results From Phase 1 Aircore
Drilling Program At Pangeni Copper Project,” dated November 15, 2018, available on
www.bemetalscorp.com and SEDAR.
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PANGENI COPPER EXPLORATION PROJECT
The Pangeni Project is located on the western extension of the Zambian Copperbelt, within the
Lufilian Arc, underlain by Katangan Supergroup metasediments which are covered by a thin
veneer of Kalahari sands. The Sentinel, open pit, Copper Mine is operated by First Quantum
Minerals some 130 kilometres to the northeast of the Pangeni Copper Exploration Project. A
number of major international mining companies have identified this region of the Zambian
Copperbelt to be prospective for the di scovery of tier one copper mines and are conducting
exploration field work in this region.
ABOUT BEMETALS CORP.
BeMetals is a new base metal mining company focused on becoming a significant base metal
producer through the acquisition of quality exploration, development and production stage base
metals projects. Our growth strategy is led by a strong Board of Directors, key members of which
have an extensive, proven track record in 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 international minerals business.
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.
Technical information in this news release has been reviewed and approved by John Wilton, Pr. Sci. Nat., the
Company’s CEO and President and a “Qualified Person” as defined by National Instrument 43-101 standards.
Cautionary Note Regarding Forward-Looking Statements
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This news release 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 the plans for future
exploration and development of the Pangeni Project and the acquisition of additional base metal projects.
Generally, these forward -looking statements can be identified by the use of forward -looking terminology
such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes",
"intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospect ive", and similar
expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These
statements should not be read as guarantees of future performance or results. Such statements involve
known and unknown risks, unc ertainties and other factors that may cause actual results, performance or
achievements to be materially different from those expressed or implied by such statements, including but
not limited to: risks related to the Pangeni Project; risks related to inte rnational operations; risks related to
general economic conditions, actual results of current exploration activities, unanticipated reclamation
expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals
including copper and other base metals; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in resource estimates, grade or recovery rates;
failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes,
claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion
of exploration, development or construction activities, changes in national and local government regulation
of mining operations, tax rules and regulations, and political and economic developments in countries in
which the Company operates. Although the Company has attempted to identify important factors that could
cause actual results to diff er materially from those contained in forward -looking statements, there may be
other factors that cause results not to be as anticipated, estimated or intended. 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 statements. 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. 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.