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BeMetals Announces Substantial Increase to Mineral Resource at the High-Grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho
VANCOUVER, BC / ACCESSWIRE / May 4, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(FSE:1OI....
About this update from Bemetals Corp.
[{"type":"text","content":"BeMetals Announces Substantial Increase to Mineral Resource at the High-Grade South Mountain Zinc-Silver-Gold-Copper Project in IdahoVANCOUVER, BC / ACCESSWIRE / May 4, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(FSE:1OI.F) (the \"Company\" or \"BeMetals) is pleased to announce an updated Mineral Resource Estimate (\"MRE\") incorporating results from its Phases 1 and 2 underground diamond drilling programs at the South Mountain Project (\"South Mountain\" or \"South Mountain Project\" or the \"Property\") in southwestern Idaho, U.S.A. The updated MRE includes a substantially increased resource for the Project while maintaining the high-grade nature of the mineralization.The updated Independent MRE, which has an effective date of April 20, 2021, was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI-43-101\") by Hard Rock Consulting, LLC, based in the U.S.A. More details are included in Tables 1 & 2 below and a technical report for this MRE will be filed with SEDAR and on the Company's website within 45 days from the date of this news release.HIGHLIGHTS OF UPDATED MINERAL RESOURCEMeasured & Indicated (\"M&I\"): 187,650 tonnes grading 9.63% Zinc (\"Zn\"), 151 grams per tonne (\"g/t\") Silver (\"Ag\"), 2.19 g/t Gold (\"Au\"), 1.01% Lead (\"Pb\") and 0.63% Copper (\"Cu\"). This represents a 21.8% increase to the M&I tonnage from the historical 2019 MRE with a 20.36% Zn equivalent grade (\"ZnEq\"). Inferred: 756,300 tonnes grading 7.63% Zn, 196 g/t Ag, 1.40 g/t Au, 0.97% Pb and 0.81% Cu. This represents a 129.5% increase in the Inferred tonnage from the historical 2019 MRE with a 18.10% ZnEq.Note: See Table 1 and 2 footnotes section 4 for details of the Zn equivalent grade calculation John Wilton, President and CEO of BeMetals stated, \"We are very pleased with the results of this updated mineral resource estimate, more than doubling the high-grade inferred resources at the South Mountain deposit. BeMetals has delivered on its objective of substantially increasing the resource base at the Project while maintaining the high-grade nature of the mineralization at 20.36% and 18.10% zinc equivalent grade for M&I and Inferred resource categories respectively. This has been achieved predominantly through the successful expansion of the DMEA Zone and with additiona...