VANCOUVER, B.C. - Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) reports that the previously mentioned Magneto-telluric survey (refer to the Bell Copper December 9, 2019 news release) is underway at the Company’s Perseverance Porphyry Copper Project in Arizona. The Perseverance project is under a Joint Venture – Earn In with Cordoba Minerals Corp.
Quantec Geoscience USA (“Quantec”) has been retained to conduct the magneto-telluric (MT) survey at the Perseverance Project. This MT survey is being performed to close off the large conductivity anomaly originally defined in the previous work and remains open to the northeast.
Figure 1: Previously completed Perseverance MT survey showing strong conductivity (resistivity low) anomaly in the northeast corner. Area to be surveyed by the 2020 MT survey is shown, as are drill hole locations from past drilling.
VANCOUVER, B.C. - Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) is pleased to provide an update on the Perseverance porphyry copper project including corporate activities.
Bell Copper has been informed by Joint Venture partner Cordoba Minerals, that a Magneto-Telluric (MT) survey will be performed at the Perseverance porphyry copper project, located in northwestern Arizona, USA. It is anticipated that the survey will be initiated prior to the end of January 2020.
K-20 is believed to be located on the periphery of a porphyry copper system (refer to Bell Copper news release dated May 21 2019), as indicated by a deep resistivity low identified by a previous MT survey (see Figure 1). However, this survey, completed in 2017, did not close off this anomaly and did not extend as far to the northeast as the K-20 drill hole. The incompletely defined low resistivity MT an...
Bell Copper Announces Non-Brokered Private Placement of up to $500,000
VANCOUVER, B.C. - Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) reports that, subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units (the “Units”) at a price of five cents ($0.05) per Unit for gross proceeds of up to $500,000. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant.
Each warrant shall entitle the holder to purchase an additional common share at a price of eight cents ($0.08) per share at any time within 24 months of the date of issuance, subject to the right of the Company to accelerate the exercise period of the Warrants if common shares of the Company trade at or above $0.40 for fifteen (15) consecutive trading days. All securities to be issued under this private placement will be subject to a fo...