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Bell Copper Provides Update on the Perseverance Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2019) - Bell Copper Corporation (...
About this update from Bell Copper Corporation
[{"type":"text","content":"Bell Copper Provides Update on the Perseverance Copper Porphyry ProjectVancouver, British Columbia--(Newsfile Corp. - May 21, 2019) - Bell Copper Corporation (TSXV: BCU) (\"Bell Copper\" or the \"Company\") is pleased to provide an update from the Perseverance porphyry copper project, located in northwestern Arizona, USA. HighlightsAssay results from drill hole K-20, drilled vertically to a depth of 1,319 metres, returned anomalous copper values averaging 415 ppm copper over 595 metres (using a 200 ppm copper cut-off grade), beginning at a depth of 683 metres (refer to Table 1). This long intercept of anomalous copper indicates that the hole intersected the peripheral part of a porphyry copper system.K-20 drilling in conjunction with the Magneto-telluric (\"MT\") data, collected by a previous Bell Copper joint venture partner, suggest that the centre of the porphyry copper system is located to the northeast of drill hole K-20, this is also verified by downhole acoustic televiewer (\"ATV\") measurements of fractures and vein-sets.An MT survey will be performed to close off the existing deep conductive anomaly prior to further drilling. Diamond drilling is expected to recommence shortly thereafter.Cordoba completes Phase 1 Earn In and has a 25% vested interest in the Perseverance projectK-20 Diamond Drill HoleIn January 2019, K-20 was halted at a depth of approximately 1,045 metres for further review of the geological and geophysical models (see Bell Copper January 21 2019 news release). In-depth discussions between Bell and geologists at Cordoba and HPX resulted in core drilling being recommenced at K-20 (see Bell Copper February 25 2019 news release) with the drill hole being advanced to a final depth of 1319 metres.This second phase of K-20 drilling continued to encounter anomalous copper minerals comprising chalcopyrite, bornite, and chalcocite along with scattered molybdenite. Locally abundant milky quartz veins were seen, some carrying magnetite and virtually indistinguishable from quartz-magnetite veins in the footwall outcrops. An astonishing 30-centimeter-wide carbonatite dike, comprising calcite, apatite, biotite, and primary magnetite and carrying 0.3% of the combined rare earth elements cerium and lanthanum along with anomalous copper, was cut at a depth of 1108 metres. The carbonatite dike was haloed by fenite (K...