Company News
| August 08, 2007 Bell Introduces New Porphyry Copper Project in Arizona | |
| Red Hills is Second Property Addition Through Bronco Alliance Vancouver, British Columbia: Bell Resources Corporation (TSXV:BL) today announced it has introduced a new porphyry copper project, the Red Hills property, into its portfolio of base metal projects. This announcement follows the addition of the Mesa Well project, the first designated project from the strategic alliance Bell formed with Bronco Creek Exploration (Bronco) on April 25, 2007. Drilling at Red Hills is expected to commence during the first quarter of 2008. "The addition of Red Hills continues to expand our footprint in Arizona, one of the world's most prolific copper-producing regions," said W. Glen Zinn, President and CEO, Bell Resources. Bell has arranged to carry out a surface electrical geophysical survey over the Red Hills land position during the third quarter of 2007. This data will help determine:
Red Hills Project Introduction & Location The Red Hills porphyry copper target is located southeast of Florence in Pinal County, Arizona. The land position at Red Hills consists of 1,200 acres of state mineral leases and 185 unpatented federal mining claims. The target lies within a broad belt of porphyry-copper mineralization that stretches from Globe-Miami (Phelps Dodge - BHP-Billiton) westward through the deposits at Ray (Asarco), Florence-Poston Butte (permitted by BHP-Billiton in the 1990's), and beyond. Bell believes that a large rotated and dismembered porphyry Cu-Au deposit lies beneath shallow gravel cover in the Red Hills area. History The upper portions of a porphyry copper deposit can be seen cropping out at the surface of Red Hills. Veins with copper oxide minerals and intense quartz-sericite-pyrite (QSP) alteration are developed throughout the area, and Red Hills inherits its name from red, hematite-stained outcrops, which contain an abundance of oxidized pyrite. In past years, numerous companies have explored the zones of Cu-bearing quartz-sericite-pyrite alteration, hoping to encounter stronger mineralization at deeper levels. Vertical holes were drilled to intersect potassic alteration and chalcopyrite mineralization that would be expected beneath QSP alteration in typical porphyry copper deposits. New work in the area has demonstrated that the crustal blocks that contain the alteration and mineralization have been rotated approximately 90 degrees. This new realization has profound implications for exploration: instead of the core of the Red Hills system lying directly beneath the zones of QSP alteration, it is now understood that the porphyry copper system has been turned over on its side and deeper levels (including the core of the system) lie to the west of Red Hills, where they have been covered by adjacent gravel deposits. Geology/ Exploration Target The outcropping part of the Red Hills area displays a portion of a large rotated and dismembered porphyry copper system. Only the upper levels of the system are exposed in the Red Hills, where swarms of porphyry dikes are seen cutting Precambrian granites and diabasic rocks. The dikes are spatially associated with zones of quartz-sulfide-iron oxide veins that contain copper oxide minerals (oxidized chalcopyrite). The veins are enveloped by halos of intense quartz-sericite-pyrite alteration, and appear consistent with the styles of alteration and mineralization seen in the uppermost and distal levels of porphyry copper deposits. Also seen in the area are "pebble dikes", which contain rounded cobbles of a variety of rock types, including some with strong copper mineralization and magnetite-rich styles of alteration. Geologic mapping shows evidence for several episodes of dike emplacement (including both felsic and mafic varieties of porphyry dikes) and hydrothermal activity. There is also evidence indicating multiple rotated fault blocks in the area, each of which likely represent different levels of exposure in the hydrothermal system. Fault blocks to the east generally expose shallower levels of mineralization and alteration, and it is assumed that deeper levels lie to the west under gravel cover. Interpretation The abundance of copper in the zones of QSP alteration at Red Hills, and the presence of mineralized fragments in the pebble dikes are especially compelling. The pebble dikes are likely late-stage hydrothermal features which ripped up mineralized fragments of rocks from deeper levels in the porphyry system and transported these samples up to the level of present-day outcrops. The fact that many fragments are seen to contain copper mineralization serves as evidence that zones of copper mineralization were present at deeper levels in the system, which have now been rotated and lie to the west of the Red Hills, in the direction of the Company's land position. For more information on the Bell/Bronco Alliance, please visit: http://www.bellresources.com/s/Bronco.asp. About Bell Resources Corporation Bell Resources is focused on the exploration and development of a diversified portfolio of North American base metal projects, with the most advanced being the past-producing Granduc Mine. The Company's strategic plan is focused on moving assets toward potential production, while continuing to target new acquisitions based on geological potential and economic viability. For further information on Bell Resources visit www.bellresources.com. On behalf of the Board of Directors of Bell Resources Corporation "W. Glen Zinn" W. Glen Zinn, President and CEO Contact Information Bell Resources Corporation Dwayne Diehl Tel: (604) 669-1484 ddiehl@nexvu.ca Barnes McInerney Inc. Daniel Weinerman Account Executive Tel: (416) 367-5000 ext. 248 dweinerman@barnesmcinerney.com 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 www.bellresources.com | |
You can view the Next Company News item: Wed Aug 15, 2007, Bell Continues to Expand Presence in Arizona with New Copper Project You can view the Previous Company News item: Wed Aug 1, 2007, Bell Introduces New Porphyry Copper-Molybdenum Project You can return to the main Company News page, or press the Back button on your browser. |