BeMetals Starts New Core Drilling Program at Pangeni Copper Project, Zambia
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TSXV – BMET
March 25, 2025 OTCQB – BMTLF
FRANKFURT – 1OI.F
BeMetals Starts New Core Drilling Program at Pangeni Copper Project, Zambia
Vancouver, British Columbia – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or
“BeMetals”) is pleased to announce the commencement of a new 2,000 to 2,500 metre core drilling program at its
Pangeni Copper Project (“Pangeni” or the “Project” or the “Property”) in Zambia. This phase of drilling aims to identify
additional zones of copper mineraliz ation and further expand the existing mineralized footprint within the priority
D-Prospect area.
D-Prospect, Nkala Zone Selected Drill Hole Highlights to date(1):
• D24-C1: Encountered 16.16 metres (“m”) grading 0.74% Copper (“Cu”) with 533 ppm cobalt (“Co”), including
5.50 meters at 0.93% Cu with 701 ppm Co.
• D22-C1 Intersected 18.10 m grading 0.70% Cu, including 4.00 m at 1.04% Cu and 4.60 m at 0.89% Cu.
• D22-C2: Assayed 14.78 m grading 0.42% Cu, with a higher-grade section of 4.88 m at 0.65% Cu.
• D11-C3: Returned 23.20 m grading 0.54% Cu with 263 ppm Co, including 7.90 m at 0.92% Cu with 453 ppm Co.
• D14-C2 Intersected 31.50 m grading 0.33% Cu, including 17.10m grading 0.40% Cu.
The overall footprint scale of the D-Prospect copper mineralization and its target zones are now comparable to that
of the Lumwana Copper Mine’s Chimiwungo Deposit. The mineralization has been traced by core drilling for some
three kilometres along trend of the Nkala and Nkala Zone Extension zones, with the additional aircore targets at the
Nkala Northwest and R t argets in close proximity . The copper mineralization at the D -Prospect’s Nkala Zone also
bears many of the geological hallmarks of the Lumwana Mine’s deposits in terms of mineralization style, alteration,
structure and host rocks(3).
John Wilton, President and CEO of BeMetals, stated, "We are very excited to advance exploration at the Pangeni
Copper Project this year. Our discovery of extensive copper mineralization and the positive results from the 2024
drilling campaign have reinforced the team’s confidence in the Project's potential to further evolve into a Tier 1 scale
discovery. Notably, these results to date mark the first new discovery of significant copper mineralization along the
Zambian Copperbelt in decades, a testament to the prev iously untapped potential in this region of cover, and the
fortitude and experience of our exploration team and partners. The comparable footprint scale and geolo gical
hallmarks of our D-Prospect’s copper mineralization to a world-class deposit such as Lumwana’s Chimiwungo Deposit
is particularly encouraging as we continue to explore this exciting copper system. For context Barrick Gold has
recently launched development of its super pit expansion at the Lumwana mine, unlocking the potential to transform
Lumwana into a long -life, high-yielding, top 25 copper producer , and a Tier One copper mine (2)(3). With multiple
untested targets and a growing mineralized footprint, we believe Pangeni has the potential to host a significant
copper deposit.”
(1) Previously reported drilling results.
(2) Barrick Gold news release: Lumwana’s Super Pit Expansion Officially Launched, dated October 2, 2024.
(3) The other deposits and mines in the Domes Region are included for geological context only and to date do not necessarily directly
apply to the current projects or properties being disclosed.
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Exploration Potential & Program Details:
The new core drilling program will comprise approximately 2,000 to 2,500 metres of drilling, focusing on the
following key areas:
• D-Prospect: Testing extensions and grade continuity of our previously identified mineralized zones.
• Satellite Targets: Exploring additional areas with potential for copper mineralization near the D-Prospect.
We believe there is strong potential for copper mineralization to continue across the Pangeni property (See Figure
1 below) due to:
• Favorable Geological Setting: The project lies within the western extension of the Zambian Copperbelt,
one of the world's most productive copper regions.
• Covered Terrain: The property remains largely unexplored beneath a thin Kalahari sand cover, providing
significant upside potential.
• Consistent Mineralization: The 2024 drill campaign confirmed multiple zones of copper mineralization
along a three-kilometre trend, indicating a large-scale mineralized system.
• Geophysical and Geochemical Anomalies: Several untested anomalies identified through airborne
magnetics, with shallow aircore drilling geochemistry have generated compelling further targets for
discovery.
• Structural Controls on Mineralization: Detailed structural core logging and interpretations indicate
potential for extensions of high-grade zones similar to those found at Lumwana.
Figure 1: Same Footprint Scale of Expanded D-Prospect Mineralization & Target Zones Compared to the
Lumwana Copper Mine Chimiwungo Deposit with Selected Drilling Results (*Equinox Lumwana Project, Technical
Report, Zambia, May 2011 and Geology of Lumwana Mine, Porter Geo-consultancy Field Guide 2014, Barrick)
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PANGENI COPPER PROJECT: OVERVIEW
The Pangeni Project copper mineralization, discovered by the Company, is a westerly extension of the Copperbelt
concealed under relatively thin but extensive Kalahari sand cover. Importantly, the copper mineralization bears many
of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes Region of the
Zambian Copperbelt, specifically the basement hosted, large scale Lumwana Copper Mine (See Figure 2). The open
pit Sentinel Copper Mine, operated by First Quantum Minerals Ltd., is located approximately 130 kilometres
northeast of the Pangeni Project and currently represents the westernmost copper mine of the Domes Region within
the prolific Zambian Copperbelt (See Figure 2).
Figure 2: Map Showing Selected Large Scale Copper Mines and Projects in Zambia and DRC
Source: Modified after MacIntyre, T., Gysi, A., Hitzman, M., (2018). Geology and Geochemistry of the Kansanshi Cu-Au deposit, Zambia.
QUALITY ASSURANCE AND QUALITY CONTROL
The results from the core drilling programs 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. NQ drill core w as cut into halves for the sample sizes . The samples 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
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reference material, duplicates, and blanks into the sample stream. Field operations and management have been
provided by RES an independent geological consulting and contracting company. The core drilling was conducted by
Blurock Mining Services, of Kitwe, Zambia.
QUALIFIED PERSON STATEMENT
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
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 Kazan Projects in Japan and the Pangeni Project in Zambia, 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 i mplied 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 agreement for 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 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.sedarplus.ca for further information respecting the risks affecting the Company and its business.