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BeMetals Corp. (BMTLF) is a precious and base metals exploration and development company focusing on becoming a leading metal producer through acquiring quality projects. The company's Pangeni Copper Project in Zambia has shown significant copper mineralization under the Kalahari sand cover, with multiple high-grade zones identified through recent drilling programs. The ongoing exploration activities aim to expand the footprint of the mineralization, potentially leading to the discovery of a tier one copper deposit in the renowned Zambian Copperbelt region.
BeMetals Corp announced that its 2024 shallow aircore drilling program at the Pangeni Copper Project in Zambia has identified four new important targets. The program revealed a 1.3-kilometer extension of the Nkala Zone copper mineralization, with a 400-metre-wide anomaly defined by copper values up to 638 ppm. Three additional satellite targets were discovered: Nkala Northwest (2,666 ppm Cu), CT Southwest (3,170 ppm Cu), and R Target (853 ppm Cu). The company completed 4,502 metres of aircore drilling, and the ongoing core drilling program has completed approximately 1,700 metres with first results expected in the coming weeks.
BeMetals Corp. (TSXV:BME)(OTCQB:BMTLF) has commenced a new exploration drilling program at its Pangeni Copper Project in Zambia. The program includes 5,000 meters of shallow aircore drilling and 2,000 meters of core drilling aimed at expanding copper mineralization at the D-Prospect. Recent drilling results have been positive, with multiple intercepts showing grades and widths comparable to major mines in the region. Highlights include:
- Hole D2-C3: 15.71m @ 0.31% Cu, including 8.08m @ 0.37% Cu
- Hole D14-C2: 31.50m @ 0.33% Cu, including 17.10m @ 0.40% Cu
- Previously reported Hole D24-C1: 16.16m @ 0.74% Cu with 533 ppm Co
The company has traced copper mineralization for 1.7 kilometers, with the higher-grade Nkala Zone extending approximately 1.2 kilometers. BeMetals is fully financed for this program following a recent $4.8 million private placement.
BeMetals Corp (TSXV:BMET, OTCQB:BMTLF) has closed a non-brokered private placement, raising $4.84 million by issuing 48,406,000 units at $0.10 per unit. Each unit consists of one common share and a half-warrant exercisable at $0.18 until July 31, 2025. B2Gold Corp, a related party, subscribed for $2.2 million worth of units, increasing its ownership to 24.5% of outstanding shares.
The funds will be used for exploration at the Pangeni Copper Project in Zambia, focusing on expanding copper mineralization discovered at the D-Prospect. BeMetals also issued shares to pay a milestone value payment for the Pangeni Project earn-in agreement.
BeMetals has announced a $7 million private placement for up to 70 million units at $0.10 per unit. Each unit includes one common share and a half-share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.18 within a year. B2Gold, a related party, will contribute $1.4 million to maintain its 19% stake. The funds will primarily support drilling at the Pangeni Copper Project in Zambia and general corporate purposes. Recent drilling results have shown significant copper mineralization, and the second phase of drilling, the largest to date, will begin in August. The offering is subject to TSX Venture Exchange approval and a four-month hold period.
BeMetals has announced the discovery of significant copper sulphide mineralization at the Pangeni Copper Project in Zambia. Three of four new core holes intersected copper, with notable results from holes D24-C1, D11-C3, and D22-C2, which match the grades and widths of large-scale copper mines in the Domes Region. The total mineralized zone extends over 1.7 km and remains open for expansion.
Highlights include Hole D24-C1 with 16.16m at 0.74% Cu and 533 ppm Co, Hole D11-C3 with 23.20m at 0.54% Cu and 263 ppm Co, and Hole D22-C2 with 14.78m at 0.42% Cu. The project aims to continue exploring for a tier-one copper deposit.
BeMetals plans further drilling to expand the mineralized footprint, supported by strong copper demand and significant investments in the Zambian mining sector. The results are promising for future resource expansion.
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