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BeMetals Commences Surface Drilling Program at High-Grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho
VANCOUVER, BC / ACCESSWIRE / October 18, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frank...
About this update from Bemetals Corp.
[{"type":"text","content":"BeMetals Commences Surface Drilling Program at High-Grade South Mountain Zinc-Silver-Gold-Copper Project in IdahoVANCOUVER, BC / ACCESSWIRE / October 18, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (the \"Company\" or \"BeMetals\") is pleased to announce the start of an exploratory phase of drilling from surface at its high-grade South Mountain Zinc-Silver-Gold-Copper Project (\"South Mountain\" or the \"Project\" or the \"Property\") in southwest Idaho, U.S.A. This program is designed to further test the down depth extent of mineralization at the DMEA Zone with the objective to significantly expand the scale of the current Mineral Resource Estimate (\"MRE\") at South Mountain (See Summary below and Table 1). The DMEA Zone is the largest known body of mineralization on the Property, containing the majority of tonnage in the current MRE, and the mineralized zone remains open at depth.John Wilton, President and CEO of BeMetals stated, \"Based on our last two phases of underground drilling and all the historical exploration data available, we are confident that there is strong potential to substantially increase the mineral resources with this new phase of surface drilling at the Property. We plan to complete approximately 2,100 metres of surface core drilling in this phase of exploration work. Assuming this exploration program is successful, our plan is to update the current MRE and complete an ongoing Preliminary Economic Assessment for the Project in 2022.\"Since optioning the South Mountain Project in early 2019, BeMetals has conducted two phases of underground core drilling at the Property for a combined total of approximately 5,000 metres. All of the drilling results from the Company's past programs have been incorporated into the current MRE for the South Mountain deposit and filed on SEDAR in June 2021. The 2021 MRE is summarised as:Measured & 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 represented 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 represented a 129.5% increase in the Inferred tonna...