Company News
| April 25, 2007 Bell Forms Exploration Alliance | |
| Vancouver, British Columbia: Bell Resources Corporation ("Bell") (TSXV:BL) announces today that it has entered into an alliance agreement (the "Alliance Agreement") with Bronco Creek Exploration ("Bronco") to jointly explore and develop multiple copper projects in the south-western United States owned or introduced by Bronco. The Bell and Bronco combination continues to move Bell forward in its strategy of building a world-class technical team and portfolio of copper assets in the Americas, with a focus on the south-western United States, one of the most prolific copper producing regions in the world. W. Glen Zinn, Bell's President and CEO stated: "Since joining the management team of Bell in 2005, we have focused on building an exceptional team that can leverage our growing portfolio of copper assets and with this transaction we continue that process. Phase one in building a mining company is the team. Phase two is the assets. Phase three is moving those assets to production. With this transaction we take a major step in building on our strategy." About Bronco Bronco Creek Exploration Inc. is a privately-held Arizona corporation that specializes in the generation of mineral exploration targets. Bronco was formed in 2005 with the objective of providing a vehicle to capitalize on exceptional exploration opportunities in the south-western United States. Bronco is actively applying new concepts in regional geology and ore genesis and utilization of new technology to identify exploration targets previously overlooked. In particular, Bronco has focused upon new regional-scale structural models that have illuminated previously undiscovered porphyry Cu-Mo targets. Bronco's strength is the quality of their geologic team which consists of several Ph.D. level geologists. Their skill sets combine high-level industry and academic experience with decades of practical field expertise. Bronco's current portfolio of projects includes 12 mineral properties located primarily in the south-western U.S. and they continue to actively identify and acquire additional targets that fall within their exploration model. The core of Bronco's team consists of Dr. David A. Johnson and Dr. Eric P. Jensen, who received their Ph.D.'s in economic geology from the University of Arizona. Dr. Johnson is best known for his work on iron-oxide-copper-gold systems (IOCG's) and porphyry-style deposits. Dr. Jensen's experience includes significant work on alkalic-Au deposits, porphyry-style deposits, and IOCG's. Both Drs. Johnson and Jensen have authored review papers on major types of mineral deposits and have worked in various facets of exploration and mine-site geology including project management positions. Bronco's activities are overseen by a Board of Directors which, in addition to Drs. Johnson and Jensen, include Mark D. Barton, Eric Seedorff, and David M. Cole. Drs. Barton and Seedorff are professors of economic geology at the University of Arizona and are known internationally for their research contributions and industry experience. David Cole is CEO of Eurasian Minerals and has two decades of industry experience, including management and senior geologic positions. Bronco also employs the services of several field geologists with varying degrees of expertise, all with education and work experience in the south-western U.S. The south-western U.S. is one of the world's premier Cu-Mo regions where new discoveries are likely to continue to take place in the coming years following on the discovery of the Resolution deposit (1.5 billions tonnes of approx 1.5% Cu equivalent) in the mid-1990s. Bell and Bronco possess an elite team of geologists and explorers and with the formation of this alliance the two companies are well positioned to take the leading role in making new discoveries in the region. Terms The Alliance Agreement between Bell and Bronco includes the following terms:
On behalf of the Board of Directors of Bell Resources Corporation "W. Glen Zinn" W. Glen Zinn, President and CEO For further information please contact the Company Tel: 604 669-1484 or email: info@bellresources.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties | |
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