BeMetals Identifies Compelling Copper Exploration Targets from Shallow Aircore Drilling Results at Pangeni Project in Zambia
TSXV – BMET
October 6, 2021 OTCQB – BMTLF
FRANKFURT – 1OI.F
BeMetals Identifies Compelling Copper Exploration Targets from Shallow Aircore
Drilling Results at Pangeni Project in Zambia
Vancouver, British Columbia – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the
“Company” or “BeMetals”) is pleased to announce the results from a phase of some 4,350 metres of shallow
aircore drilling recently completed at the Pangeni Copper Project (“Project” or the “Property”) in Zambia. This
aircore program was designed to explore for extensions of copper mineralization discovered by the Company
under thin Kalahari sand cover at several prospects , including the D Prospect, and to test seve ral newly
generated copper targets. The Pangeni Project is located in an area representing westerly extensions to the
prolific Zambian Copperbelt.
HIGHLIGHTS OF THE 2021 PANGENI PROJECT AIRCORE PROGRAM
D-Prospect returns highest tenor aircore copper target in hole D7-04 on the Property to date of 3,183
parts per million (ppm) over 2 metres with 1 metre at 4,363ppm
Potential D-Prospect extension zone identified in aircore hole D3 -15 of 1, 217ppm copper over 3
metres with 1 metre at 1,344ppm some 1.4 kilometres southeast of previously drilled mineralization
Newly identified F – Target
Newly identified Q – Target some 3km southeast of the SW-Prospect
John Wilton, President and CEO of BeMetals stated, “We are encouraged with the results from the 2021 phase
of shallow aircore drilling below the thin sand cover that has delivered a number of robust bedrock copper
targets. These targets are potential extensions and/ or potential vectors to higher -grade zones of copper
mineralization we discovered in previous phases of drilling. In addition, a number of new standalone targets
well situated geologically within the Property have been identified . To follow -up on these recent aircore
results, w e have commenced a program of approximately 1,400 metres of core drilling to test the se
compelling copper targets. We look forward to the results of the core drilling program that has the potential
to both expand the footprint of the D-Prospect mineralization and test the exciting newly identified copper
targets.
This exploration program continues to be jointly funded by BeMetals and Japan, Oil, Gas and Metals National
Corporation (“JOGMEC”) that has allowed for acceleration of our exploration program. The Pangeni Project,
together with our recently acquired Kazan Gold Project in Japan and ongoing exploration at the high-grade
zinc-silver-gold-copper, South Mountain Project in Idaho, U.S.A., provides an excellent and building portfolio
of projects with exciting growth potential for the Company.”
2021 PANGENI PROJECT EXPLORATION AND AIRCORE PROGRAM
Early in June the Company commissioned New Resolution Geophysics (NRG™) to fly a n Xcite™ helicopter-
borne electromagnetic survey over the Property and the interpretation of this data was used to define targets
2
through improved stratigraphic and structural mapping for subsequent aircore testing . The Company has
successfully completed a program of 4,353 metres of shallow aircore drilling and returned a number of
significant bedrock copper geochemical targets beneath the Kalahari sand cover. These new bedrock copper
targets represent both potential extensions to prospects where the Company discovered copper
mineralization in pr evious phases of exploration and newly identified standalone targets in interpreted
favourable geological settings for the development of sediment hosted copper deposits.
Figure 1 illustrates the location of the D7-C1, D3-C2, F4-C1, and Q3-C1 targets within the Project area. It also
indicates the range of maximum copper values for each aircore hole from the recently completed 2021
program in blue circles with results from the previous phases of aircore drilling in the red circle s.
Figure 2 shows details of the 2021 aircore results plotted on a simplified cover regolith map of the D-Prospect
area. The circles and labels indicate the range of maximum bedrock copper results for each shallow aircore
hole in relation to the Company’s previous core drilled copper intersections at this prospect (aircore holes:
D2-C1, D2-C2 and D3-C1). The highly anomalous D7-04 aircore target is indicated as 3,183ppm copper over 2
metres with the supporting adjacent D7-4A aircore hole returning 1,802ppm copper over 2 metres. The wide
spacing of the D2, D7 and D3 aircore lines should be noted at some 400 metres along the interpreted strike of
the units indicating the significant footprint of the mineralization.
3
Also indicated is the D-Prospect’s southeastern extension target some 1.4km from previous intersected
mineralization as defined by aircore target D3-15 of 1,217ppm copper over 3 metres and supported by the
adjacent D3-15B hole with 4 34ppm copper over 2 metres . Over much of these two D -Prospect targets the
cover of the Kalahari sand is less than approximately 25 metres in thickness (See Tables 1 and 2 for details of
these aircore holes).
Figure 2: D-Prospect Regolith Cover Map, 2021 Aircore Drilling Results as ppm Copper ( Blue Circles with
hole number, ppm Cu), Previous Aircore Results (Red Circles with ppm Cu) and Previous Drilled Core Hole
Copper Intersections.
NEWLY IDENTIFIED AND DEFINED COPPER TARGETS
The 2021 aircore program has also identified and defined several new standalone copper targets for core drill
testing. The F -Target represents a geological well- positioned bedrock copper geochemical anomaly with
potentially several kilometres in strike. This anomaly is best indicated at the F4-C1 target where aircore holes
F4-2A, F4-02 and F4-2B returned bedrock samples of 717 over 3 metres with 1,113 over 1 metre, 782 over 4
metres with 1,052 over 1 metre and 893 ppm copper over 1 metre respectively as adjacent holes over some
200 metres of lateral extent. The Q3-C1 Target, situated some 4km to the southeast of the SW-Prospect, has
been defined by aircore holes Q3 -09 and Q3 -12 with 884 over 1 metre and 502ppm over 1 metre copper
respectively. The centre of this target is mapped by aircore holes Q3-02 and Q3-03 with 1,260 over 3 metres
with 2,146 over 1 metre and 982 over 5 metres with 1,545ppm over 1 metre copper respectively that were
completed in the 2020 exploration program.
4
Table 1: 2021 Aircore Program Selected Hole Results
Aircore Hole ID From
(m)
To
(m)
Sample
Interval
(m)
Copper
(ppm)
Kalahari
Sand
Thickness
D7-04 27 28 1 4,363 -
D7-04 28 29 1 2,004 26
D7-4A 25 26 1 1,672 -
D7-4A 26 27 1 1,932 24
D3-15 36 37 1 1,266 -
D3-15 37 38 1 1,344 -
D3-15 38 39 1 1,041 34
D3-15B 27 28 1 447 -
D3-15B 28 29 1 422 25
F4-2A 27 28 1 508 -
F4-2A 28 29 1 531 -
F4-2A 29 30 1 1,113 26
F4-02 20 21 1 586 -
F4-02 21 22 1 580 -
F4-02 22 23 1 913 -
F4-02 23 24 1 1,051 20
F4-2B 26 27 1 893 23
Q3-09 70 71 1 884 69
Q3-12 62 63 1 502 60
Q3-02* 59 60 1 2,146 -
Q3-02 60 61 1 558 -
Q3-02 61 62 1 1,077 56
Q3-03* 56 57 1 753 -
Q3-03 57 58 1 824 -
Q3-03 58 59 1 977 -
Q3-03 59 60 1 1,545 -
Q3-03 60 61 1 814 56
*Results from 2020 Aircore Program Previously Reported
Note: Sample widths are drilled lengths as true widths are unknown at this time. The aircore drilling is intended to sample the bedrock and
saprolite material at the base of the Kalahari sand cover only and holes are stopped generally between 3-5m of this contact.
QUALITY ASSURANCE AND QUALITY CONTROL
On September 15, 2021, an independent laboratory, Intertek Genalysis of Australia, provided results from a
set of samples from the 2021 aircore program. These results were determined using multi- acid, near total
digest, and analysed by Inductively Coupled Plasma (“ICP”) Optical (Atomic) Emission Spectrometry (“OES”).
The sampling was conducted with a robust sampling protocol based upon sequential 1 metre samples that
included the appropriate insertion of standard refere nce material, duplicates, and blanks into the sample
stream in the field.
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
5
Mining Services, of Kitwe, Zambia. Details of the sampling protocol were provided in BeMetals 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.
Table 2: 2021 Aircore Program Selec ted Hole Results, Hole ID, Azimuth, Dip, E nd of Hole Depth, Collar co -
ordinates
Aircore Hole
ID
Azimuth
Degree
Dip
Degree
End of hole
Depth (m) UTM_X UTM_Y Elevation
D7-04 Vertical -90 29 177549 8601553 1314
D7-4A Vertical -90 27 177646 8601502 1304
D3-15 Vertical -90 39 179148 8601021 1249
D3-15B Vertical -90 30 179260 8600964 1242
F4-2A Vertical -90 30 174964 8601003 1314
F4-02 Vertical -90 24 174883 8601077 1290
F4-2B Vertical -90 27 174823 8601142 1309
Q3-09 Vertical -90 71 172890 8584552 1164
Q3-12 Vertical -90 64 173108 8583998 1155
Q3-02 Vertical -90 64 173036 8584357 1159
Q3-03 Vertical -90 61 173077 8584280 1162
ABOUT 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 (See Figure 3). A number
of major international mining companies have identified this region of the Zambian C opperbelt 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).
6
Figure 3: Regional Location of the Pangeni Copper Exploration Project
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 leadin g BeMetals’ growth strategy is a strong board and management team, founders and
significant shareholders of the 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
7
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: 604-609-6141
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 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 Company disclaims any obligation to revise or
update any such factors or to publicly announce the resul t 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.