Uncategorized

Cordoba Minerals Updates Drilling, Earn-In at Bell Copper's Perseverance Porphyry Copper Project – Yahoo Finance

Vancouver, British Columbia–(Newsfile Corp. – March 17, 2022) – Bell Copper Corporation (TSXV: BCU) (OTCQB: BCUFF) ("Bell Copper" or the "Company") reports that Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (Cordoba) has provided an update on drilling at the Perseverance Project and informed the Company that they have expended enough via exploration activities to earn 51% of the project. Bell's Perseverance Project is located in northwestern Arizona, USA and is under a Joint Venture – Earn-In.
Drilling
Drillhole K-21, an angle hole which also targeted the northern of the two prominent magneto-telluric (MT) anomalies on the property, encountered caving ground that prevented its completion through covering gravel. Drillhole K-22 was drilled vertically early in 2022 from a site located directly above the center of the prominent north-trending 1 kilometer by 2 kilometer electrical conductor, located 1.3 kilometers north of K-20. The covering gravel, totaling 192 meters in thickness, was drilled and cased off by a dual rotary drill using a downhole hammer. A diamond core drill completed K-22 to a depth of 1262 meters, cutting clay-altered, sericitized, and propylitically altered Precambrian host rocks and Laramide-age porphyry dikes. Short intervals of the hole were characterized by potassic alteration, including both K-feldspar and shreddy biotite, accompanied by disseminated chalcopyrite (copper sulfide) mineralization. Assays of the hole are expected in about two months. The cause of the prominent MT anomaly is believed to be abundant clay alteration in strongly broken, water-rich basement rocks.
Before any drilling on the prominent eastern MT anomaly is done, Cordoba will run a radial version of the proprietary Typhoon IP survey, using an electrode set deep in K-22 as the current injection point. Surface receivers will extend 1.0 to 1.5 kilometers in several directions radially outward from K-22. This survey is expected to highlight volumes of rock containing more abundant disseminated sulfide minerals that might better indicate porphyry copper mineralization.
Perseverance Earn-in
Cordoba Minerals, through their recent drilling and geophysical survey programs on the Perseverance Project, have expended $3 million prior to the April 24, 2022 earn-in deadline for Phase II of the Joint Venture and Earn-In Agreement with Bell. Achievement of this Phase II milestone earns Cordoba control of 51% of the Project, with Bell's ownership reduced to 49%. With further expenditures on the Project of $3 million before April 24, 2024, Cordoba can earn a total 70% interest in the Project, and with yet another $10 million in expenditures before April 24, 2026, a total 80% interest.
Bell Copper President & CEO Dr. Tim Marsh stated, "K-22 was drilled 1300 meters north of K-20, the last Perseverance hole to peer beneath cover. Aside from the more pervasive clay alteration at K-22, both K-20 and K-22 cut multiple porphyry dikes, local polymetallic base metal veins (Zn-Cu-Pb), long intervals of propylitic alteration, and early chalcopyrite-bearing veinlets sporting K-feldspar jackets. Cordoba saw enough heat in K-22 to wrap up the Phase II earn in and plan future work. Cordoba's next step is running a radial version of their proprietary Typhoon IP survey which is expected to highlight volumes of rock more likely to carry copper sulfide minerals. Meanwhile, Bell Copper will keep advancing our porphyry copper discovery at Big Sandy."
Qualified Person
The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng., the Company's CEO and President and a 'Qualified Person' as defined under Canadian National Instrument 43-101.
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture – Earn In.
On behalf of the Board of Directors of
Bell Copper Corporation
"Timothy Marsh"
Timothy Marsh, President, CEO & Director
For further information please contact the Company
Tel: 1 800 418 8250
Email: info@bellcopper.net
Neither the 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.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation, including, but not limited to, the ability of Bell to identify a mineral resource at the Perseverance or Big Sandy Projects. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116721
Related Quotes
Berkshire Hathaway CEO Warren Buffett, the 91-year-old Oracle of Investing, has seen just about every type of market. Buffett has a phrase that captures exactly what the market is experiencing right now, says venture capitalist Adam Dell.
Many Americans are surprised to see they have not prepared as well as they had hoped for retirement when they finally get ready to call it quits. The bad news is, you’ll probably have to make some realistic assumptions of what your retirement will look like. If you’ve lived primarily paycheck to paycheck in your working years, that may continue to feel the case in your retirement.
General Electric Co on Thursday said its Chief Executive Larry Culp would take a 67% cut to an incentive grant this year after shareholders last year rejected his compensation package in a non-binding but rare rebuke over executive pay. In its annual proxy statement filed on Thursday, the Boston-based industrial conglomerate said Culp's annual equity incentive grant for 2022 will be reduced to $5 million from $15 million. The company also disclosed Culp's annual compensation last year was about $22.7 million, down 69% from 2020, due to a reduction in stock awards.
(Bloomberg) — Wall Street traders are enduring fresh equity-market fireworks Friday after another week of global turbulence.Most Read from BloombergPutin Likely to Make Nuclear Threats If War Drags, U.S. SaysBiden Team Hardens View of China Tilting to Putin on UkraineShock Waves From War in Ukraine Threaten to Swamp Sri LankaUkraine Update: Russia Again Shells Western Areas Around LvivPutin Vows to Rid Russia of ‘Traitors’ While Waging Ukraine WarStock transactions spiked at the open as the exp
Yahoo Finance reporter Emily McCormick discusses a new note out from Wedbush Analyst Dan Ives, who is pushing investors to buy oversold tech stocks like Apple.
Nvidia's flagship GTC conference and the company's investor day next week may provide momentum for a turnaround in the stock price.
Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in early trading.
The end result has been a jump in shares of electric semi truck start-up Nikola (NASDAQ: NKLA). As of early Friday trading, Nikola stock was more than 15% higher for the week, according to data provided by S&P Global Market Intelligence. This week's move in the share price brings Nikola's gains over the past two weeks to about 30%.
You may not have heard of Joshua Mitts, a young Columbia University professor who is making some powerful enemies on Wall Street. The 36-year-old securities law specialist has become an increasingly influential figure in the hot debate over activist short selling since publishing a 2018 analysis of trading data that suggested some players were manipulating the market. Interviews with 12 people familiar with his work and career, including Mitts himself and some of his toughest critics, shed light on how an academic little known outside his field just a few years ago has since taken center stage in the ugly feud between short sellers and the companies they target.
Shares of digital payments and fintech giant Block (NYSE: SQ), formerly known as Square, rallied 8.2% higher today as of 1:15 p.m. ET. Tech stocks in general were rallying ahead of the U.S. Federal Reserve's hotly anticipated announcement on its benchmark interest rate. The NASDAQ Composite was up 2.2%.
(Bloomberg) — It took one of the biggest stock-market routs in Chinese history, but President Xi Jinping may finally be heeding the concerns of international investors.Most Read from BloombergPutin Likely to Make Nuclear Threats If War Drags, U.S. SaysBiden Team Hardens View of China Tilting to Putin on UkraineShock Waves From War in Ukraine Threaten to Swamp Sri LankaUkraine Update: Russia Again Shells Western Areas Around LvivPutin Vows to Rid Russia of ‘Traitors’ While Waging Ukraine WarA sw
NVIDIA Corporation (NASDAQ:NVDA) has made 94% returns from a year ago, and 438% from three years ago. While the company is growing, investors wonder if the stock has further upside. In this article, we will compare the market valuation with the current and future earnings for NVIDIA, and see if potential earnings match the value.
(Bloomberg) — StoneCo Ltd., the Brazilian payment-technology firm backed by Warren Buffett’s Berkshire Hathaway Inc., named new senior managers and issued guidance for the current quarter as it works to offset another earnings miss. The stock soared after the announcements.Most Read from BloombergPutin Likely to Make Nuclear Threats If War Drags, U.S. SaysBiden Team Hardens View of China Tilting to Putin on UkraineShock Waves From War in Ukraine Threaten to Swamp Sri LankaUkraine Update: Russia
Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss quarterly earnings for GameStop ahead of the company's NFT marketplace launch.
Alibaba (BABA)'s ADRs could rip higher after a massive relief rally spurred by an ease of regulatory risks, which one strategist called "a sea change."
LVMH chief Bernard Arnault, the world’s third-richest man with a net worth of $155 billion, is said to be deciding which of his five children will take over the empire.
The company has restarted production at its Shanghai factory, reports say, but investors still may want to buy put options, according to the Bear Traps Report.
Drones made by AeroVironment (NASDAQ: AVAV) are reportedly on their way to Ukraine, and investors believe the deployment might be a long-awaited inflection point for the young defense contractor. AeroVironment has long had a relationship with the Pentagon, making small-to-midsize unmanned aircraft (UAV) that are used for reconnaissance and to deliver weapons. For example, the U.S. Army purchased no AeroVironment Switchblade UAVs in fiscal 2021 after purchasing $48 million worth in 2020 and $183 million worth in years prior.
These stocks have been hit in the technology sell-off, but they're high-quality babies that have been thrown out with the bathwater.
Independent Wealth Solutions Management Paul Meeks joins Yahoo Finance Live to talk about tech stocks outlook, picks within the tech sector, how tech will respond to Fed interest rate hikes, and Russian-tied commodities and metals impacting the production of chips and semiconductors.

source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button