BeMetals Defines Priority Copper Targets and Commences Core Drilling at Pangeni Copper Project
TSXV – BMET
November 15, 2022 OTCQB – BMTLF
FRANKFURT – 1OI.F
BeMetals Defines Priority Copper Targets and Commences Core Drilling at
Pangeni Copper Project
Vancouver, British Columbia – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or
“BeMetals”) is pleased to announce the completion of its 2022 aircore campaign, the definition of copper targets
and commencement of core drilling at the Pangeni Copper Project (Pangeni” or the “Project” or the “Property” ).
The Project is located on the western extension of the prolific Central African Copperbelt in Zambia (the “Zambian
Copperbelt”).
HIGHLIGHTS OF THE COMPLETED AIRCORE PROGRAM AND CORE DRILLING TARGETS:
• A total of 3,619 metres of shallow aircore drilling was completed in this phase of exploration to extend copper
mineralization at existing copper prospects and to define new targets.
• A total of six targets for core drill testing have been identified at areas E, G, K, P, Q, and D.
• Core drilling has commenced to test the newly identified priority targets and is expected to be completed
before year end, and their analytical results early in 2023.
• The 2022 core drilling will follow-up on the 2022 aircore results and the encouraging copper intersections
made in 2021 at the Q and D prospects including:
• Q-Target: Drill Hole Q3-C1 intersected 4.14 metres grading 0.62% copper (“Cu”)
o Including: 1.30 metres grading 1.10% Cu
• D-Prospect: Drill Hole D7-C1 intersected 5.00 metres grading 0.58% Cu
• D-Prospect: Drill Hole D7-C2 intersected 3.37 metres grading 0.51% Cu
o And also: intersected 6.00 metres grading 0.39% Cu
Note: Intertek Genalysis completed this previously reported analytical work of the intervals above with the core samples processed at their
preparation facility in Kitwe, Zambia. All analytical procedures were conducted in an Intertek Genalysis laboratory in Australia. Reported
widths are drilled core lengths as true widths are unknown at this time. Based upon current data it is estimated true widths range between
80 to 90% of the drilled intersections.
John Wilton, President and CEO of BeMetals stated, “We have now completed another phase of aircore drilling and
are excited to have commenced core drill testing of six newly defined targets as part of our 2022 exploration
program, funded pro-rata by both BeMetals and JOGMEC. The new targets were generated by the recent aircore
program in combination with the historical data . Three of our targets are related to potential extensions of
prospects where we previously intersected significant copper mineralization (Q, D, and SW Prospects) and t he
remaining three are newly generated or have been defined with data from the 2022 and prior aircore drilling
information.
We currently interpret our D and SW Prospects to be related to basement hosted copper mineralization similar in
style to Barrick Gold’s Lumwana copper mine in Zambia while the Q-Prospect, and potentially P and G targets, are
in Katangan host units with similar geological settings to First Quantum Minerals’ Sentinel mine some 130
kilometres to the northeast of Pangeni. The Company expects to test at least five of the targets with six to eight
core drill holes.”
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PANGENI PROJECT 2022 EXPLORATION PROGRAM
From July to September 2022, 3,619 metres of shallow aircore drilling were completed at the Pangeni Project. The
copper anomalies and targets result ing from this campaign are illustrated on Figure 1 below in context with the
results of the prior aircore programs previously reported. The primary objective of the aircore drilling is to generate
targets for concealed copper deposits under the thin Kalahari sand over to be subsequently tested by core drilling.
Figure 1 shows the locations of the priority new targets generated and defined potential extension of previously
discovered copper prospects from the 2022 aircore results in combination with the previously reported phases of
drilling. The aircore holes were spaced at various distances along the lines from 400-metre to 200-metre and 100-
metre i nfill centres based upon field results and geological observations of the drill cuttings . The exploration
program is jointly pro-rata funded by BeMetals and Japan Organization for Metals and Energy Security (“JOGMEC”).
Q-PROSPECT and E TARGET
Figure 2 shows the combined 2022 and previously reported copper aircore results in the Q-Prospect and E8 Target
areas. At the Q-Prospect, drill hole Q3-C1 completed in 2021 intersected 4.14 metres grading 0.62% Cu (from 92.36
metres drilled depth) of copper oxide mineralization hosted within siltstones interpreted to be part of the Katangan
Supergroup near interpreted basement units. Many of the world class, sediment-hosted, copper deposits and mines
of the Central African Copperbelt occur in this same geological setting when coupled with favourable structural
feeders for the copper mineralization.
The copper anomaly in aircore hole Q3-03 of 1,545 parts per million (“ppm”) copper, represents a target for core
testing some 150 metres stepped back from drill hole Q3-C1 (Figure 2). Aircore hole Q3-12 with 502ppm copper,
with copper oxide minerals identified in logging chips, also provides another potential follow-up target in this area
dependent upon initial core information from the Q3-03 target.
Target E8 is situated to the northwest of the SW-Prospect as depicted on Figure 2. This relates to a 695ppm copper
in bedrock anomaly in aircore hole E8 -03 which is supported by a 903ppm copper in the Kalahari sand just above
the bedrock contact.
D-PROSPECT
Figure 3 shows the location of 2022 aircore hole D5-06, which returned 1,424ppm copper in bedrock approximately
600 metres to the southwest of an untested 556ppm copper anomaly in D2 -13. The D5 -06 target represents a
potential extension of mineralization first discovered at the D-Prospect near the end of 2019. Based upon this and
subsequent core drilling results, this area remains an important target area for further exploration.
Thus far, copper mineralization in this area extends for at least 1.2 kilometres along the interpreted strike of the
mineralization including holes D7 -C1, and D7-C2. These core holes returned meaningful and multiple copper
intersections ranging from 6.0 to 2.12 metres in width and 0.58% Cu to 0.32% C u in grade (0.3% Cu cut-off grade).
To date, significant copper mineralization has been intersected in five of the six core drill holes completed at the D-
Prospect. The copper grades in many of the previous drill holes are similar to those for operating large-scale copper
mines in the Domes Region of the Zambian Copperbelt (Examples: First Quantum Minerals’ Sentinel Mine Reserves:
876.8 million tonnes grading 0.46% Cu(1) and Barrick Gold’s Lumwana Mine Reserves: 538.8 million tonnes grading
0.56% Cu(2)). (See Figure 4 for other regional project locations).
(1) First Quantum Minerals Ltd. website, Mineral Reserves - de pleted for mining as at 31st December 2019, and based on a $3.00/lb Cu price. Sentinel Mine,
Trident Project, North West Province, Zambia, NI 43-101 Technical Report, March 2020.
(2) Barrick Gold Corporation website, Mineral Reserves – December 31, 2013, Technical Report on the Lumwana Mine, North -We stern, Province, Republic of
Zambia, Barrick Gold Corporation, Report for NI 43-1 01, March 27, 2014.
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P, G and K TARGETS
Figure 1 shows the location of newly defined, stand -alone copper targets on the P, G and K aircore lines. These
targets for potential core drilling are focused on aircore holes P1 -07B, P1-11A, G2-06 and K2-0 3B with copper
anomalies of 699, 473, 1,447 and 495ppm respectively. The targets at the southern end of the P line specifically are
currently interpreted as being potentially hosted Katangan units. Decisions on which of these targets to be tested,
and their priority for the 2022 core drilling program will be made as the program advances based upon the
geological information.
Tables 1 and 2 below provide details of the aircore anomalies discussed with h ole ID, a zimuth, dip, end of hole
depth and collar coordinates. The quality assurance and quality control section below describes details of the
sampling and analytical procedures.
Figure 1: Pangeni Project 2022 Aircore (Blue circles) and Previous Aircore Drilling Results (Red circles)
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Figure 2: Q Prospect & E8 Target, 2022 Aircore (Blue circles) and Previous Aircore Drilling Results (Red circles)
Figure 3: D Prospect, 2022 Aircore Drilling (Blue circles) and Historical Aircore Drilling Results (Red circles)
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Table 1: Aircore Hole Results with Depth, Sample Interval, Copper Grade and Comments
Aircore Hole ID From
(m)
To
(m)
Sample
Interval (m)
Copper
(ppm)
Comments
(Unit/Sample Type)
Q3-03 59 60 1.00 1,545 Bedrock/ICP
Q3-12 62 63 1.00 502 Bedrock/ICP
E3-08 17 18 1.00 903 Kalahari Sand/pXRF
E3-08 22 23 1.00 695 Bedrock/pXRF
D5-06 19 20 1.00 1,424 Bedrock/pXRF
D2-13 57 58 1.00 556 Bedrock/ICP
P1-07B 35 36 1.00 699 Bedrock/ICP
P1-11A 58 59 1.00 473 Bedrock/ICP
G2-06 66 67 1.00 1,447 Bedrock/ICP
K2-03B 25 26 1.00 495 Bedrock/pXRF
Table 2: Aircore Hole ID, Azimuth, Dip, End of Hole Depth and Collar Coordinates
Aircore
Hole ID
Azimuth
Degree
Dip
Degree
End of hole
Depth (m)
Easting
(m)
Northing
(m)
Elevation
(m)
Q3-03 360 -90 61 173077 8584280 1162
Q3-12 360 -90 64 173108 8583998 1155
E3-08 360 -90 24 169640 8587335 1220
D5-06 360 -90 22 175706 8601535 1288
D2-13 360 -90 60 176278 8601858 1346
P1-07B 360 -90 36 186967 8584954 1136
P1-11A 360 -90 63 187487 8583648 1121
G2-06 360 -90 69 188639 8590361 1166
K2-03B 360 -90 26 175199 8588952 1196
QUALITY ASSURANCE AND QUALITY CONTROL
The results reported here for core drilling and pre-2022 aircore (ICP) drilling were analyzed by Intertek Genalysis,
an independent and accredited laboratory. Samples were prepared at their facility in Kitwe, Zambia and analytical
work conducted in Australia. The results were determined using multi -acid, near total digest, and analyzed by
Inductively Coupled Plasma (“ICP”) Optical (Atomic) Emission Spectrometry (“OES”). The core sampling was
conducted with a robust sampling protocol that included the appropriate insertion of standard reference material,
duplicates, and blanks into the sample stream.
The results from the 2022 aircore (pXRF) program were completed by Remote Exploration Services (“RES”) who
managed all aspects of the field operations in-line with the standard operating procedures as previously and
consistently implemented at this project. Representative material from each sampled metre of aircore drilling was
dried, screened to 180 micron, bagged and transported to a field camp where they were analysed using the
Olympus Vanta C Series Desktop XRF analyser (“pXRF”). Strict sampling protocol was observed throughout the pXRF
analysis including; homogenisation, field duplicates, blanks, and calibration checks using Certified Reference
Material. For a more detailed description of the aircore pXRF sampling protocol see BeMetals news release dated;
November 15, 2018, QA/QC section.
Field operations and management have been provided by RES an independent geological consulting and contracting
company. The aircore and core drilling was conducted by Blurock Mining Services, of Kitwe, Zambia.
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THE PANGENI COPPER PROJECT
The Pangeni Project is located on the western extension of the Zambian Copperbelt, within the Lufilian Arc,
underlain by Katangan Supergroup metasediments situated unconformably on basement schists and gneisses,
which are covered by a thin veneer of Kalahari sands. The open pit Sentinel Copper Mine is operated by First
Quantum Minerals Ltd. some 130 kilometres to the northeast of the Pangeni 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 also conducting extensive exploration work in this area.
The Pangeni Project property is geologically prospective for the following deposit types; Basement -hosted Cu
(analogues: the Lumwana Deposit, Nyungu Prospect), Sediment -hosted stratiform Cu -Co (analogues: Nchanga,
Konkola, Nkana, and Mufulira Deposits), other Domes Region Deposits e.g. Sentinel, and Kansanshi and DRC
Copperbelt Deposits e.g. Lonshi, Frontier, Kamoa-Kakula).
Figure 4. Pangeni Copper Project Location Map in Zambia
ABOUT BEMETALS CORP.
BeMetals is a precious and base metals exploration and development company focused on becoming a leading
metal producer through the acquisition of quality exploration, development and potentially production stage
projects. The Company has recently established itself in the gold sector with the acquisition of certain wholly owned
exploration projects in Japan. BeMetals is also progressing both its advanced high -grade, zinc-silver-gold-copper
polymetallic underground exploration at the South Mountain Project in Idaho through a preliminary economic
assessment, and its tier- one targeted, Pangeni Copper Exploration Project in Zambia. Guiding and leading
BeMetals’ growth strategy is a strong board and management team, founders and significant shareholders of the
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Company, who 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 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 43-101.1
ON BEHALF OF BEMETALS CORP.
“John Wilton”
John Wilton
President, CEO and Director
For further information about BeMetals please visit our website at bemetalscorp.com and sign-up to our email list
to receive timely updates, or contact:
Derek Iwanaka
Vice President, Investor Relations & Corporate Development
Telephone: 604-928-2797
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 news 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 future exploration, development and advancement of the South Mountain Project, the Pangeni project and the Japan
properties, and the acquisition of additional base and/or precious 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", "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: 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. 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 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 Com pany 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.