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BeMetals Corp.
Summary
| Project: | South Mountain | |
|---|---|---|
| Deposit: | South Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Silver-Gold-Lead-Copper | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: BeMetals Corp. announces an Exploration/Drilling Update report for its South Mountain deposit at the South Mountain project. Drilling results incl. 18.62m @ 5.15% Zn, 73.2g/t Ag, 0.11g/t Au, 0.02% Pb, 0.41% Cu from 0.00m. VANCOUVER, CANADA - Be | |
| Resources: | (Resource, M+I): 169.9Kt @ 17.66% ZnEq. | |
| CP/QP: | [Overall Report]: John Wilton (Internal) | |
| ABSTRACT: | VANCOUVER, CANADA - BeMetals Corp. (“BeMetals” or the “Company”) (TSXV: BMET and OTCQB: BMTLF) is pleased to announce the remaining analytical results from its Phase 1 underground drilling campaign, including holes SM19-016, SM19-017 and SM19-018 from the Company’s high-grade South Mountain Base and Precious Metal Project (“South Mountain” or the “Project”) in southwestern Idaho, U.S.A. Most importantly, drill hole SM19-016 has further increased the down plunge extent of the DMEA zone by approximately 75 metres and the zone remains open at depth (See Figures 1 & 2). The Company has also recently agreed upon revised terms with Copper Cross Zambia Limited at the Pangeni Copper Exploration Project in Zambia, to extend the due date for money-in-the-ground exploration investment until the end of 2020. This allows for a full field season of exploration activities this year. (See Pangeni section of this news release for more details). From this batch of recent analytical results, hole SM19-016 has identified multiple zones of dominant gold and silver mineralization in the projected extension of the polymetallic DMEA zone (See Figure 1 & Table 2). The geological logging and interpretation of SM19-016 suggests this drill hole intersected the margins of the DMEA zone based on an increase in the observed ratio of skarn to massive sulphide styles of mineralization. Future drilling will test areas in close proximity to SM19-016 where more massive sulphide mineralization is likely to be discovered. Drill holes SM19-017 and SM19-018 intersected intervals of predominantly zinc and silver mineralization associated with the MB4 target (See Figure 1 & Table 2). These holes represent the first drill testing at the MB4 target zone, generated from rib channel sampling results in the Sonneman level (See Company press release dated June 18, 2019), and as such the orientation of this mineralization is not yet fully understood. | |
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