Bemetals Corp - BMTLF STOCK NEWS

BeMetals Corp. has initiated diamond drilling at its Kato Gold Project in Hokkaido, Japan, marking the start of a 1,500 metre program focused on high-grade gold zones identified in previous decades. Historical drill data revealed significant intersections, such as 17.5 metres grading 8.15 g/t gold. The company has budgeted US$2 million for its 2022 exploration efforts, with a new SDS C1500 drill rig expected to enhance penetration through clay zones. The drilling aims to explore the continuity of gold mineralization previously identified by the Metals Mining Agency of Japan.

BeMetals reports promising results from its 2021 core drilling at the Pangeni Copper Exploration Project in Zambia. The drilling program, with six drill holes, successfully tested aircore copper anomalies, particularly at the Q-Target and D-Prospect. Notable intersections include Q3-C1, which encountered 4.14 metres grading 0.62% copper, and multiple significant intercepts at D7-C1. Five of six drill holes showed substantial copper mineralization, reinforcing the project's potential for high-grade copper deposits. The company plans follow-up explorations to evaluate additional targets.

BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF) announced promising surface sampling results from its Todoroki Property in Japan, revealing high-grade gold and silver mineralization. Key results include 9.43 g/t Au and 442.5 g/t Ag over 2.1 meters, and 41.10 g/t Au and 1,070 g/t Ag from various samples. These results exemplify the potential for drill targets in unmined high-grade veins. Further exploration is planned, particularly focusing on new targets at the Kato Project. The Todoroki mine has a historical production record of about 200,000 ounces of Au and 7.4 million ounces of Ag.

BeMetals Corp. has initiated an exploratory drilling phase at its South Mountain Zinc-Silver-Gold-Copper Project in Idaho. This program aims to expand the mineral resource estimate by targeting the DMEA Zone, which holds the majority of the current mineralization. The drilling is set to cover approximately 2,100 metres. Recent estimates indicate a significant increase in both Measured & Indicated (M&I) and Inferred resources since 2019, with M&I resources at 187,650 tonnes grading 9.63% Zinc and Inferred resources at 756,300 tonnes grading 7.63% Zinc.

BeMetals Corp. announced the completion of 4,350 meters of shallow aircore drilling at the Pangeni Copper Project in Zambia, revealing promising copper targets. Highlights include D-Prospect's notable results of 3,183 ppm copper over 2 meters, and the identification of new targets F and Q, expanding exploration potential. The aircore program was funded in collaboration with Japan Oil, Gas and Metals National Corporation (JOGMEC). Following these results, a core drilling program of 1,400 meters is set to further evaluate these copper targets.

BeMetals Corp. announced an extension of its option agreement with Thunder Mountain Gold to acquire up to a 100% interest in the South Mountain Project in Idaho. The extension allows for a 2,100 metre surface exploration drilling campaign aimed at increasing mineral resource estimates. The project, historically mined for high-grade zinc, has a significant past production of 53,642 tons with grades of 14.5% Zn and 363.42 g/t Ag. BeMetals plans to complete the drilling program by December 31, 2022, leading to a preliminary economic assessment next year.

BeMetals has announced the first technical report for its Kato Project in Japan, revealing four priority drill targets based on historical data. The report consolidates findings from the 1990s and recent drilling, emphasizing a revised drilling strategy to enhance core recovery. Highlighted results from past drilling include intersections with gold grades reaching 8.15 g/t. The Kato Project, located in Hokkaido, showcases potential for significant gold deposits, drawing comparisons to high-grade mines like Hishikari. BeMetals aims to verify historical results and explore untested areas.

BeMetals Corp. announced the appointment of Mr. Nicholas Furber as the new Chief Financial Officer (CFO), succeeding Ms. Kristen Reinertson, who will continue as Corporate Secretary. Mr. Furber brings 25 years of financial experience, notably as CFO of Dynasty Metals & Mining Inc., where he oversaw its transition from exploration to production. BeMetals is advancing projects in Japan, the U.S., and Zambia, having recently acquired the Kazan Gold Project and secured a C$7.5 million investment from B2Gold Corp. Mr. Furber receives 500,000 stock options, subject to TSX Venture Exchange approval.

BeMetals Corp. has filed an updated independent National Instrument 43-101 Mineral Resource Estimate (MRE) Technical Report for its South Mountain Project as of April 20, 2021. This report, prepared by Hard Rock Consulting, highlights a significant increase in inferred resources, now more than doubled, and over a 21% rise in measured and indicated resources. The project has undergone extensive drilling, with 50 new core drill holes. The results will inform the ongoing Preliminary Economic Assessment planned for September 2021.