Bell Copper Corporation - Drilling commences at La Balsa Project
TSX-V Symbol: BCU
VANCOUVER, May 4 /CNW Telbec/ - Bell Copper Corporation (TSXV: BCU) ("Bell Copper" or the "Company") is pleased to announce that it has commenced the initial phase of the Company's planned feasibility program by initiating drill testing of the copper porphyry target at its 100%-owned La Balsa property located 15 kilometers north of the Port of Lazaro Cardenas, Michoacan, Mexico.
A three-hole, 2000 meter diamond drilling program will be completed to test the core of a 2 kilometer by 1 kilometer aeromagnetic anomaly situated immediately southwest of the Company's current La Balsa mineral resource (cf. Behre Dolbear NI43-101 technical report, January 2008). The Company plans to move the current La Balsa 43-101 mineral resource to feasibility independent of the outcome of the porphyry drilling program.
Previous drilling in the La Balsa project area has been restricted to depths of less than 175 meters and to areas showing visible copper minerals or copper-rich soil. Sparse exposures of bedrock in the copper porphyry target area show intense sericitic alteration and elevated molybdenum levels in soil, features common to copper porphyry deposits around the world. Copper-bearing breccia and a mineralized monzonite porphyry sill east of the porphyry target are truncated by a west-dipping thrust fault. The Company believes that the prominent aeromagnetic anomaly west of the copper-bearing breccia is the truncated source of the breccia and monzonite porphyry beneath the thrust fault.
Three diamond drillholes will be completed to depths of 600 to 800 meters to test the concept that this target is a large copper porphyry deposit.
Timothy Marsh, PhD, P.E., the Company's President and a Qualified Person has reviewed the technical content of this news release. No mineral resource has yet been identified in the copper porphyry target at La Balsa. There is no certainty that the present exploration effort will result in the identification of additional mineral resources beyond the current La Balsa resource, or that any mineral resource that might be discovered will prove to be economically recoverable.
About Bell Copper
Bell Copper is a public company with a focus on copper exploration, development and production in North America. The Company has an extensive portfolio of exploration and development projects located in some of North America's premier copper producing regions including Mexico, the Southwestern US and Northwestern British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF BELL COPPER CORPORATION "Michael Werner" Michael Werner CEO & Director
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Bell Copper Corporation: Sarah Stephanson, Executive Assistant, (604) 669-1484, [email protected]; www.bellcopper.net; Renmark Financial Communications Inc.: Christine Stewart, [email protected]; Jason Roy, [email protected]; (514) 939-3989, (416) 644-2020; www.renmarkfinancial.com
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