Bemetals Returns High-Grade Zinc and Precious Metal Drill Intersection at Polymetallic South Mountain Project IN Idaho
BeMetals Corp.
Suite 3123 · Three Bentall Centre · 595 Burrard Street · P.O. Box 49139 · Vancouver · BC · V7X 1J1 · Canada
Tel: + 1 604 609 6141
September 9, 2019 TSXV – BMET
BEMETALS RETURNS HIGH-GRADE ZINC AND PRECIOUS METAL DRILL INTERSECTION AT
POLYMETALLIC SOUTH MOUNTAIN PROJECT IN IDAHO
VANCOUVER, CANADA - BeMetals Corp. (“ BeMetals” or the “ Company”) (TSXV: BMET) is pleased to
announce the initial assay results from its underground drill program at the Company’s high-grade South
Mountain Zinc -Silver Project (“South Mountain ” or the “Project” ) in southwestern Idaho, U.S.A . The
drilling program is designed to test potential extensions to the mineralized zones and confirm the grade
distribution of the current polymetallic mineral resource estimate (See table 3 below). The drilling
program is ongoing with further mineraliz ed zones under geological logging, sampling and laboratory
analysis. Borehole analytical results are expected to be released in batches as they become available.
DRILLING HIGHLIGHTS:
• Borehole SM19-002 intersected 10.51 metres grading 17.81% Zinc (“Zn”), 226 grams per tonne
(“g/t”) Silver (“Ag”), 2.41 g/t Gold (“Au”), 1.59% Lead (“Pb”), and 0.16% Copper (“Cu”)
• Drilling to date, confirms the high -grade nature of the deposit and the potential to extend the
mineralization
Note: ALS Global completed the analytical work with the core samples processed at their p reparation facility in Reno, Nevada,
U.S.A. All analytical and assay procedures are conducted in the ALS laboratory in North Vancouver, BC. Reported widths are drilled
core lengths as true widths are unknown at this time.
John Wilton, President, CEO and Director of BeMetals stated, “These initial results confirm the high-grades
associated with the polymetallic South Mountain deposit and emphasize the significant precious metal
component to the mineraliz ation. We are pleased with this first drill intercept and thus far , the
underground drilling program has been successful in testing the nature and potential of the down plunge
mineralization. Borehole SM19-002 has returned a drilled core length intercept of 10.51 metres with a
grade of 17.81% Zn , 226 g/t Ag and 2.41 g/t Au . In addition , this borehole encountered t wo other
significant intersections of massive sulphide mineralization, and results are pending for th ose remaining
zones. The massive sulphide mineralized zones are hosted dominantly within the skarn mineral
assemblage.
We are integrating the incoming results from the current drilling program into our geological model and
this will improve our understanding of the mineralization as we build the high-grade resource base of the
deposit.”
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PHASE 1 DRILLING AT SOUTH MOUNTAIN PROJECT
The main objective of the ongoing drill program at South Mountain is to test potential extensions to the
mineralized zones and confirm the grade distribution of the current polymetallic mineral resource
estimate. To date, the Company has completed four underground boreholes for a total of approximately
370 metres of this 2,500-metre program. Table 1 below shows the full results available from SM19-002
and Table 2 provides the drill hole co-ordinates, azimuth and dip . Borehole SM19 -002 intersected
significant zones of s karn mineral assemblages, including pyroxene and garnet, as the main host to the
massive sulphide mineralization with subordinate marble units (See location figures 1 and 2).
Importantly, the skarn -hosted, high -grade massive sulphide bod ies at South Mountain, comprise the
primary mineral resource at the Project and occur as structurally controlled pipe-like bodies which plunge
40-50 degrees southwest within the host Laxey marble unit. The potential to expand and identify more of
these high-grade massive sulfide zones remains open at depth and along strike.
Borehole SM19-001 was completed at 43.89 metres and targeted a subordinate zone of mineralization on
the northwestern edge of the DMEA zone. (See table 2) The borehole returned some thin skarn within
silicified schist and marble units. The results from this hole are pending. Minor amounts of vein and
disseminated pyrrhotite were sampled between 27.49 to 43.89 metres to primarily scan for poten tial
pathfinder elements in the halo of the main mineralized bodies.
Table 1. SM19-002 Drill Hole: Analytical and Assay Results
Sample ID From (m) To (m) Interval (m) Zn % Ag (g/t) Au (g/t) Pb % Cu ppm
559273 39.44 43.28 3.84
RESULTS PENDING 559274 43.28 44.10 0.82
559275 44.10 46.88 2.77
559277 46.88 48.16 1.28 21.20 1055 4.80 6.49 2200
559278 48.16 48.49 0.34 0.91 4 0.03 0.06 37
559279 48.49 50.14 1.65 18.25 98 1.42 0.51 1680
559281 50.14 51.11 0.98 0.62 5.6 0.49 0.03 67
559282 51.11 51.66 0.55 2.80 91.8 0.77 0.73 1405
559283 51.66 52.15 0.49 30.00* 112 2.23 2.50 971
559284 52.15 53.61 1.46 27.60 123 2.85 1.50 2260
559286 53.61 54.38 0.76 30.00* 165 2.60 1.64 2600
559287 54.38 56.11 1.74 18.40 155 1.70 0.81 2590
559288 56.11 56.54 0.43 12.25 216 2.45 1.65 1625
559289 56.54 57.39 0.85 14.65 97.9 5.57 0.42 1450
559290 57.39 60.05 2.65
RESULTS PENDING 559291 60.05 61.57 1.52
559292 62.21 63.61 1.40
559293-
559311 67.85 96.39 28.54 RESULTS PENDING (SAMPLED INTERVAL)
Note: *Zinc grade determined at 30% as upper detection limit of Zn- OG62 procedure for high- grade zinc material.
Reported widths are drilled core lengths a s true widths are unknown at this time. (Note: See details below in
QA/QC section).
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Figure 1: Plan View of the Sonneman & Laxey Levels, South Mountain Deposit, showing locations of rib-
sampling, priority target zones, planned boreholes, and boreholes SM19-001/SM19-002
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Figure 2: Long Section, looking northeast, showing location s of rib -sampling, priority target zones,
planned boreholes, and boreholes SM19-001/SM19-002
Table 2: Drill Hole Azimuth, Dip and Collar Co-ordinates
Hole ID Azimuth
Degree
Dip
Degree
Eoh Length
(m)
East (ft) North (ft) Elevation
(ft)
SM19-001 040 -82 45.41 231,176 394,120 6,868
SM19-002 138 -28 102.41 231,176 394,120 6,868
QUALITY ASSURANCE AND QUALITY CONTROL PROCEDURES
The project employs a rigorous QC/QA program that includes; blanks, duplicates and appropriate certified
standard reference material. All samples are introduced into the sample stream prior to sample
handling/crushing to monitor analytical accuracy and precision . The i nsertion rate for the combined
QA/QC samples is 10 perc ent or more depending upon batch sizes . ALS Global completed the analytical
work with the core samples processed at their preparation facility in Reno, Nevada, U.S.A. All analytical
and assay procedures are conducted in the ALS facility in North Vancouver, BC. The samples are processed
by the following methods as appropriate to determine the grades; Au -AA23-Au 30g fire assay with AA
finish, ME-ICP61-33 element four acid digest with ICP-AES finish, ME-OG62-ore grade elements, four acid
with ICP-AES finish, Pb-OG62-ore grade Pb, four acid with ICP-AES finish, Zn-OG62-ore grade Zn, four acid
digest with ICP-AES finish, Ag-GRA21-Ag 30g fire assay with gravimetric finish.
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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THE SOUTH MOUNTAIN PROJECT
South Mountain is a polymetallic development project focused on high -grade zinc and is located
approximately 70 miles southwest 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 depth and along strike. According to historical smelter records,
approximately 53,642 tons of ore have been mined to date. These records also i ndicate average grades;
14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 2.4% Pb, and 1.4% Cu were realised.
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.
Figure 3: Project Location Map
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Table 3. 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 majority 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% Zinc 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 acquisition of quality exploration, deve lopment and potentially
production stage base metals projects. The Company is advancing both its early stage, tier one targeted,
Pangeni Copper 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.
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]
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 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 South Mountain and Pangeni projects, and the acquisition of additional base metal projects.
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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
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