Business
BeMetals Files Technical Report Supporting Increased Mineral Resource Estimate for the High-Grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho
VANCOUVER, BC / ACCESSWIRE / June 29, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(FRA:1OI....
About this update from Bemetals Corp.
[{"type":"text","content":"BeMetals Files Technical Report Supporting Increased Mineral Resource Estimate for the High-Grade South Mountain Zinc-Silver-Gold-Copper Project in IdahoVANCOUVER, BC / ACCESSWIRE / June 29, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(FRA:1OI.F) (the \"Company\" or \"BeMetals) is pleased to announce that it has filed an independent National Instrument 43-101 Mineral Resource Estimate (\"MRE\") Technical Report for the South Mountain Project (\"South Mountain\" or \"South Mountain Project\" or the \"Property\") in southwestern Idaho, U.S.A.The updated MRE has an effective date of April 20, 2021 and 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. A copy of the MRE can be found on SEDAR and on the Company's website.John Wilton, President and CEO of BeMetals stated, \"We are very pleased with this updated mineral resource and the progress to date at the South Mountain Project. With the efficient deployment of our exploration budget, we have more than doubled the inferred resources and increased the measured and indicated resources by over 21% while maintaining the high-grade nature of mineralization. Drilling over the past two years has focused on the DMEA and Texas zones and both these areas as well as other known zones of mineralization remain open to significant further increase with future underground drilling. The results of the filed technical report supporting the MRE will be incorporated into the ongoing South Mountain Preliminary Economic Assessment (\"PEA\"), which is planned for completion in September this year.\"MINERAL RESOURCE ESTIMATETable 1 below provides a summary of the updated MRE in metric units and includes the details for the modeling methodology and cut-off grades applied. This MRE now includes an additional 50 core drill holes (approximately 5,000 metres), of which 30 drill holes (approximately 2,400 metres) were completed during the 2020 program and 20 drill holes (approximately 2,250 metres) from the 2019 campaign. Some results from BeMetals' past two drilling campaigns are highlighted in Table 2 below and demonstrate the high-grade nature and continuity of the deposit in both the DMEA and Texas zones. These intersections from the underground drilling on the Sonneman level illustrate...