Bemetals Identifies Priority Targets and Designs Underground Drilling Program FOR the High-Grade, South Mountain Zinc-Silver Project IN Idaho.
June 18, 2019 TSXV: BMET
BEMETALS IDENTIFIES PRIORITY TARGETS AND DESIGNS UNDERGROUND DRILLING PROGRAM FOR
THE HIGH-GRADE, SOUTH MOUNTAIN ZINC-SILVER PROJECT IN IDAHO.
VANCOUVER, CANADA - BeMetals Corp. (TSXV: BMET) (“BeMetals” or the “Company ”) is pleased to
announce it has identified a series of significant priority high-grade target zones at its South Mountain
Project (“South Mountain” or the “Property”) in southwestern Idaho, U.S.A. The t arget zones have been
determined from the compilation and modelling of historical geological and sampling information from
two levels of existing underground development, including areas of previous mine stoping. In addition, all
existing underground and surface drilling data have been included in the targeting study. An important
data set in identifying the priority target zones wer e the results from previous underground channel
sampling of the Sonneman Level ribs at South Mountain.
HIGHLIGHTS FROM 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
The rib-sampling results indicate the high-grade and polymetallic nature of the South Mountain deposit,
as illustrated in Table 1 below, across a number of currently identified, closely spaced, mineralized bodies
forming the deposit. Orientations of these samples are predominantly from the rib along the length of the
drift, which is approximately along strike of the deposit, or from the ribs of the cross-cuts adjacent to the
drift. Figures 1 and 2 illustrat e the location of the rib -sampling program results conducted in 2013 and
2014.
John Wilton, President and CEO of BeMetals, commented, “As we continue to work through the historical
information at South Mountain, with input from Thunder Mountain Gold Inc., the Optionees, the full
extent and exciting upside of the project is becoming more apparent. The underground rib-sampling of
the Sonneman Level demonstrates the significant, high-grade, nature of the polymetallic mineralization.
Select targets will be tested through the completi on of a 2,500m underground core -drilling program in
2019. The drilling program is expected to start upon site re -establishment and modest amounts of re-
equipping at the Sonneman Level development.”
UNDERGROUND RIB-SAMPLING AND PRORITY TARGET LOCATIONS
Table 1 below shows the results of the 2013-2014 rib-sampling program that provides four initial priority
targets for underground drill testing. The sampled mineralized zones are characterised by high-grade zinc
and silver grades with additional copper and lead values.
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Table 1: Sonneman Level Channel Sampling Results at South Mountain Deposit, 2012-2013
Figure 1 below illustrates the location of the historical rib-sampling zones on a plan view of the Sonneman
and Laxey underground development s. These four priority target zones are further supported by the
integration of underground geological mapping and resource modelling of existing drilling data. In
addition to these zones the Texas target provides another priority for drill testing based upon historical
surface and underground drilling compilations.
Figure 1: Plan View of the Sonneman & Laxey Levels, South Mountain Deposit
Zone
Name
Sample
Series
ID
From
Station
(feet)
Length
(metres)
Zinc
%
Silver
g/t
Gold
g/t
Copper
%
Lead
%
DMEA 1/2/3 OGT1616
71-02 30.0 39.62 16.76 140.91 3.08 0.78 0.38
MUCK BAY #4
(Sonneman
Drift)
OGT1617
14-22 9.0 7.01 14.69 246.17 0.34 1.17 0.65
MUCK BAY #4
(Refuge Bay)
OGT1617
14-22 76.9 4.60 14.04 282.51 0.34 2.30 0.59
MUCK BAY #3 OGT1617
24-30 0.0 12.19 5.63 198.85 0.00 0.28 2.83
LAXEY
MUCK BAY #1
OGT1617
35-9 0.0 12.19 16.44 478.97 0.68 0.70 0.86
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Figure 2 is a long section through the South Mountain deposit s howing; the location of the rib-sampling,
related priority targets, the Texas Zone target and planned boreholes to test the mineralization. The
planned drilling is principally designed as a series of fans to test the down plunge extension potential of
the deposit, and to scope the optimum borehole spacing that may be required to expand the current
resource. A number of other valid targets have also been identified, in close proximity to the priority
targets, and these will be scheduled for drill testing, partially guided, by results of the initial drilling.
Figure 2: Long Section, looking nort heast, showing location of rib-sampling, priority target zones, and
planned boreholes
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 ( see Figure 3 ). The Project was intermittently mined
from the late 1800s to the late 1960’s and its existing underground workings remain intact and well
maintained. Historic production at the Project has largely come from skarn-hosted and high-grade massive
sulphide bodies that remain open at dept h 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.
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Figure 3: Project Location Map
The Project is largely on and surrounded by private surface land, and as such, the permitting and
environmental aspects of the Project are expected to be straightforward. Permits are in place for
underground exploration activities and BeMetals does not anticipate significant barriers to any future
development at the Project.
Since 2008, the Optionees of the project have completed some 27 drill holes for a total of 5,500 metres
on the Property. Thus far, drill results have been encouraging and significant potential exists to increase
the known mineral resource with additional drilling, as well as to expand the existing measured and
indicated mineral resource classifications with in-fill drilling.
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Table 2. NI 43-101 Mineral Resource Statement for the South Mountain Project - April 1, 2019
1. The effective date of the mineral resource estimate is April 1, 2019. The QP for the estimate is Mr. Randall
K. Martin of Hard Rock Consulting, LLC, is independent of BeMetals Corp.
2. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred
mineral resources that are part of the mineral resource for which quantity and grade or quality are
estimated on the basis of limited geologic evidence and sampling, which is sufficient to imply but not
verify grade or quality and continuity. Inferred mineral resources may not be converted to mineral
reserves. It is reasonably expected, though not guaranteed, that the majo rity of Inferred mineral
resources could be upgraded to Indicated mineral resources with continued exploration.
3. The mineral resource is reported at an underground mining cutoff of 6.04% Z inc Equivalent (“ZnEq”)
within coherent wireframe models. The ZnEq calculation and cutoff is based on the following
assumptions: an Au price of US$1,231/oz, Ag price of US$16.62/oz, Pb price of US$0.93/lb., Zn price of
US$1.10/lb. and Cu price of $2.54/lb.; metallurgical recoveries of 75% for Au, 70% for Ag, 87% for Pb, 96%
for Zn and 56% for Cu, assumed mining cost of US$70/ton, process costs of US$25/ton, general and
administrative costs of US$7.50/ton, smelting and refining costs of US$25/ton. Based on the stated prices
and recoveries the ZnEq formula is calculated as follows; ZnEq = (Au grade * 43.71) + (Ag grade * 0.55) +
(Pb grade * 0.77) + (Cu grade * 1.35) + (Zn grade).
4. Rounding may result in apparent differences when summing tons, grade and contained metal content.
Tonnage and grade measurements are in imperial units.
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 acq uisition of quality exploration, development and potentially
production stage base metals projects. The Company’s growth strategy is led by a strong Board, key
members of which have an extensive proven record of accomplishment 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 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.
ON BEHALF OF BEMETALS CORP.
"John Wilton"
John Wilton
President, CEO and Director
Short Tons ZnEq lbs Zn lbs Ag oz Au oz Pb lbs Cu lbs
x1000 x1000 x1000 x1000 x1000 x1000 x1000
Measured 63.2 22,200 17.57 14,700 11.64 237 3.745 4.0 0.063 600 0.483 700 0.566
Indicated 106.7 37,800 17.72 21,500 10.08 576 5.398 7.0 0.066 2,100 0.983 1,600 0.766
Measured +
Indicated 169.9 60,000 17.66 36,200 10.66 813 4.783 11.0 0.065 2,700 0.797 2,300 0.692
Inferred 363.2 120,800 16.63 70,500 9.70 2,029 5.585 16.3 0.045 8,700 1.202 5,200 0.696
Mineral Resources at 6.04% ZnEq Cut-off
Classification
Zinc Equivalent Resource Contained Metal
ZnEq % Zn% Ag opt Au opt Pb % Cu %
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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]
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Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward- looking statements" and “forward looking information” (as defined under 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 future exploration and development of the South Mountain Project and plans for the identification and acquisition
of additional base metal projects. Although the Company has attempted to identify important factors that could cause actual
results to differ materially 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 statements. 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 So uth Mountain
Project and/or the Pangeni Copper 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 s uch
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.