Bemetals Returns Positive Results from Phase 1 Aircore Drilling Program 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 6118
November 15, 2018 TSXV – BMET
BEMETALS RETURNS POSITIVE RESULTS FROM PHASE 1 AIRCORE DRILLING
PROGRAM AT PANGENI COPPER PROJECT
VANCOUVER, CANADA - BeMetals Corp. (“BeMetals” or the “Company”) (TSXV: BMET) is pleased
to announce that encouraging results have been returned from its Phase 1 aircore drilling program providing
several copper anomalies below Kalahari sand cover units at the Pangeni Copper Exploration Project
(“Pangeni Project”) in Zambia. A Phase 2 aircore program is already underway and will include infill
aircore drilling of priority targets generated from Phase 1 drilling, and the initial testing of other compelling
regional targets on the Pangeni property. The infill aircore drilling should improve definition of the current
priority copper anomalies returned in Phase 1 for fu rther exploration testing in the 2019 field season. The
Phase 1 aircore results indicate both the efficient nature of the exploration approach to testing of the Pangeni
Project and the thin to moderate (average approxima tely 25 metres) thickness of the Kalahari cover units.
This program has importantly identified significant copper anomalies below the cover units within a
previously largely untested region of potential extensions to the Zambian Copperbelt.
John Wilton, President, CEO and Director of BeMetals said, “We are encouraged by the results from the
Phase 1 aircore drilling program at the Pangeni Project where the Company is targeting tier one scale copper
deposits. Consecutive 200 metre spaced aircore borehol es E2-3, E2-4 and E2-5 returned individual one
metre samples of 537, 452, and 1,028 parts per million (“ppm”) copper respectively on line E2. These
copper results are based upon strict aircore sampli ng protocol and determined using a Desktop XRF
analyser (“pXRF”) in a field facility (see Table 1 for complete Line E2 results and QA/QC description
below). For the Phase 1 program to have returned these results supports the pros pective nature of the
property and the applied target selection. The Pangeni Project benefits significantly from strong technical
and local Optionors, Copper Cross Zambia Limited and Pangeni Mineral Resources Limited that have
allowed for efficient money-in-the-ground focused deployment of expenditures.”
The Phase 1 aircore program was completed through 67 boreholes totalling 1,891metres of drilling. All the
planned Phase 1 targets were tested utilising less metr es of drilling than anticipated due to thinner than
expected Kalahari cover. Approximately 82% of the boreholes returned representative samples from
bedrock or weathered bedrock with the remainder interpreted to be of sampled basal portions of the Kalahari
sequence. Good success was made in penetrating various hard ferricrete layers in some areas of the Kalahari
sequence and a total of 617 samples were analysed by pXRF from the Phase 1 program.
PHASE ONE AIRCORE RESULTS
The operation and results from the Phase 1 aircore program have confirmed the applicability of this drilling
technique to return representative base of Kalahari, saprolite, and weathered bed rock information within
the Pangeni Project. All the Phase 1 aircore boreholes have been drilled with 200 metre spacing along the
exploration lines. To date, none of the sample results disclosed have been verified by assay and/or other
analytical or testing procedures by an accredited laboratory.
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Figure 1 below illustrates the location of the Phase 1 airc ore lines (Lines A-E) and individual boreholes
indicating the range of maximum values for copper s ampled in each hole. The sampling protocol required
a minimum of five samples per borehole representing, generally, 2 metres from th e base of the Kalahari,
and 3 metres into saprolite and/or weathered bedroc k where possible. Representative material from each
sampled metre was dried, screened to 180 micron, bagged and transported to a field camp where they were
analysed using the InnovX Systems X5000 Desktop XRF analyser (“pXRF”). Strict sampling protocol was
observed throughout 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).
Figure 1: Plan View of Aircore Drilling Results & Licence Scale Regolith Map
Initial interpretation of the results indicate priority ano malies returned on line D2 in the northern sector of
the licence, and line E2 some 600 metres northeast of th e SW Target, where the only previous drilling on
the property in 2016, returned 5.5 metres at 0.48%TCu (from 142.5 metres depth) in core borehole SW1.
Figure 2 below shows the range of copper values returned from aircore lines E2, E3, and E5. Line E2 has
returned encouraging copper results in boreholes E2-3, E2-4, and E2-5. The ranges of results from this line
are from 3 ppm to 1,028 ppm copper. Aircore boreholes E2-3, E2-4 and E2-5 returned 537, 452, and 1,028
ppm copper respectively (see Table 1). These anomalous base of Kalahari and weathered bedrock copper
results provide a compelling, significant, target for fu rther exploration 600 metres to the northeast of the
mineralized intersection in borehole SW1. It also further demonstrates the potential of other, largely
unexplored, compelling geological targets within the licence, covered by a thin veneer of Kalahari sands.
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Figure 2: Southwestern Target: Phase 1 Aircore Results (Copper ppm) & Licence Scale Regolith Map
Figure 3 below indicates an interpreted cross section thro ugh line E2 showing the thickness of Kalahari
cover intersected, and range of c opper values sampled generally in the lower 5 metres for each borehole,
with borehole E2-3 being sampled from surface for better regolith data (see Table 1). These copper results
motivate infill aircore drilling on Line E2 to further define the potential exploration follow-up and core drill
targets at this prospect during the 2019 field season.
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Figure 3: Southwestern Target: Phase 1 Aircore Results: Line E2 Cross Section (Copper ppm)
The Phase 1 aircore program indicates the efficient nature of this exploration approach to the 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.
Table 1: Line E2: Aircore Borehole Sample Depths & Copper Values (ppm)
BH-ID Collar
UTM X
Collar
UTM Y
Collar
Z
Hole_ID Sample_ID From_m To_m Cu
ppm
(pXRF)
E2-01 170642.7 8585953 1228 E2-01 E7447 24 25 12
E2-01 E7448 25 26 3.5
E2-01 E7449 26 27 25
E2-01 E7450 27 28 26
E2-01 E7452 28 29 30
E2-01 E7453 29 30 3.5
E2-01 E7454 30 31 3.5
E2-02 170569.7 8586127 1236 E2-02 E7455 20 21 3.5
E2-02 E7456 21 22 3.5
E2-02 E7457 22 23 3.5
E2-02 E7458 23 24 13
E2-02 E7459 24 25 3.5
E2-02 E7460 25 26 10
E2-03 170481.2 8586316 1233 E2-03 E7461 0 1 27
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E2-03 E7462 1 2 64
E2-03 E7463 2 3 56
E2-03 E7464 3 4 50
E2-03 E7465 4 5 51
E2-03 E7466 5 6 42
E2-03 E7467 6 7 56
E2-03 E7468 7 8 42
E2-03 E7469 8 9 33
E2-03 E7470 9 10 34
E2-03 E7472 10 11 28
E2-03 E7473 11 12 29
E2-03 E7474 12 13 33
E2-03 E7475 13 14 27
E2-03 E7476 14 15 27
E2-03 E7477 15 16 32
E2-03 E7478 16 17 62
E2-03 E7479 17 18 89
E2-03 E7480 18 19 116
E2-03 E7481 19 20 325
E2-03 E7482 20 21 173
E2-03 E7483 21 22 250
E2-03 E7484 22 23 537
E2-04 170400.9 8586501 1239 E2-04 E7485 21 22 139
E2-04 E7486 22 23 146
E2-04 E7487 23 24 395
E2-04 E7488 24 25 452
E2-04 E7489 25 26 228
E2-04 E7490 26 27 165
E2-05 170312.2 8586662 1231 E2-05 E7492 30 31 1028
E2-05 E7493 31 32 424
E2-05 E7494 32 33 312
E2-05 E7495 33 34 385
E2-05 E7496 34 35 451
E2-06 170223.2 8586791 1246 E2-06 E7497 21 22 3.5
E2-06 E7498 22 23 3.5
E2-06 E7499 23 24 3.5
E2-06 E7500 24 25 3.5
E2-06 E7501 25 26 3.5
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PANGENI COPPER EXPLORATION PROJECT
The Pangeni Project is located on the western extens ion 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 opera ted 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 discovery of tier
one copper mines and are conducting exploration field work in this region.
QUALITY ASSURANCE AND QUALITY CONTROL
Field operations and management have been provi ded by Remote Exploration Services (“RES”) an
independent geological consulting and contracting company. The aircore drilling was conducted by Blurock
Mining Services, of Kitwe, Zambia.
RES conduct all aspects of the field operations in-lin e with their standard operating procedures. The
sampling protocol required a minimum of 5 samples we re collected per borehole representing, generally,
2m from the base of the Kalahari, and 3m into saprolite (after bedrock) and/or weathered bedrock where
possible. One borehole per line was selected and each metre from surface to end of hole was sampled.
Representative material from each sampled metre was dried, screened to 180 micron, bagged and
transported to a field camp where they were analysed using the InnovX Systems X5000 Desktop XRF
analyser (“pXRF”). Strict sampling protocol was observed throughout the pXRF analysis to include;
equipment calibration, regular use of certified reference material, blank standards, and field duplicates.
After homogenisation 100g sample of minus 180 micron material was used for the pXRF determinations.
Field duplicates were collected at a 5% frequency (1 in every 20 samples) and inserted into the sampling
chain. At the start of the daily analyses, the XRF machine was switched on and a calibration check
procedure was performed as per manufacture manual. The calibration was completed by placing the
stainless steel 316 disk over the analyser window. Th e calibration check button was pressed and the test
lasted for 15 seconds. After the calibration, a selection of Certified Reference Material (CRM) and the blank
was analysed 5 times each to check for the consistency and accuracy of the machine. A series of standards
were analysed at a ratio of 1:20 (every 20th sample) to determine the accuracy of the dataset. In addition,
one standard was analysed 5 times consecutively at mid-day or half way through the daily analysis. A blank
standard/ silica powder was analysed at a ratio of 1:10 (every 10th sample) to test for possible contamination
of the analyser window during the analyses. Samples with Cu values of >100pm were analysed twice to
check the repeatability of the value obtained during the analysis. At the end of each day, the results were
exported from the machine and QA/QC carried out on the dataset batch to determine if any repeat analyses
were required where QA/QC failed. The Cu, Pb and Zn values of all standards were plotted versus time to
test repeatability and monitor for temporal instrume nt drift. Upon completion of the Phase 2 aircore
program a representative suite of samples will be disp atched to an internationally accredited independent
laboratory for check analysis and to scan for other potentially useful pathfinder elements.
ABOUT BEMETALS CORP.
BeMetals is new base metals mining company fo cused 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 Director s, key members of which have an extensive, proven
track record in delivering consider able 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 an extensive intern ational minerals business,
exploration and mining network of contacts.
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ON BEHALF OF BEMETALS CORP.
"John Wilton"
John Wilton
CEO, President and Director
For further information please contact: Derek Iwanaka, Vice President Investor Relations & Corporate
Development, Email: [email protected] or at 604-609-6141.
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
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", "an ticipates", "believes", "intends", "estim ates", "projects", "aims", "potential",
"goal", "objective", "prospective", 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, uncertainties 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 international operations; risks related to
general economic conditions, actual results of current ex ploration 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 expl oration, 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 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. There can be no assurance that
such statements will prove to be accu rate, as actual results and future even ts 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 d evelopments, 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.