Bell Starts Kabba Drilling

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[{"type":"text","content":"\n\n\n\nBell Starts Kabba Drilling\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\nBell Starts Kabba Drilling\nCanada NewsWire\nVANCOUVER, May 17, 2016\n\n\n\nNEX Symbol: BCU.H\n\n\n\nVANCOUVER, May 17, 2016 /CNW/ - Bell Copper Corporation (\"Bell\" or the \"Company\") (NEX: BCU.H) is pleased to announce that it has started drilling hole K-12 on its Kabba porphyry copper project in Arizona.  Drillhole K-12 is targeting a zone of coincident electrical geophysical anomalies in the concealed hangingwall block of the faulted porphyry system.  Funding for the drilling is being provided by Kennecott Exploration Company (KEX).   Kennecott's expenditure will accrue toward its obligation under the earn-in agreement announced on April 19.\n\nUnder the agreement, Kennecott Exploration Company (KEX), part of the Rio Tinto Group, has the right to earn a 51% interest in the Company's Kabba porphyry copper project by spending US$ 3,000,000 on the project over the next 5 years.  If KEX earns 51% in the first option, KEX has a second option to earn an additional 19% in the project by spending an additional US$ 10,000,000 over the eight years following the first option period.\n\nKabba Project\n\nThe Company's Kabba porphyry copper-molybdenum project lies on a productive porphyry copper trend between Freeport's Bagdad mine and Origin Mining's Mineral Park mine in northwestern Arizona, a state that has produced ten percent of the world's copper.  Porphyry-style alteration has been intersected in drillholes K-8 through K-11 and was predicted to be present beneath gravel-covered hills based on a fault model linking it with an outcropping porphyry root zone 8 kilometers to the west.  Drillhole K-11, completed in the summer of 2015, cut nearly 900 meters of altered and mineralized porphyry that is interpreted to be the pyritic shell surrounding a more copper-rich central zone.  Planned drillhole K-12 will offset a 14-meter-thick supergene chalcocite enrichment blanket that was cut in K-11.  The K-12 site shows coincid...

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