Vancouver - BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the 'Company' or 'BeMetals') is pleased to announce results from its 2021 core drilling program at the Pangeni Copper Exploration Project, located on the western extension of the Central African Copperbelt in Zambia.
This program comprised six drill holes to test aircore copper anomalies at the D-Prospect and the Q and F targets. The Pangeni Project is located in an area where prospective extensions to the prolific Zambian Copperbelt are covered by a thin veneer of Kalahari sand units.
John Wilton, President and CEO of BeMetals commented, 'The 2021 drilling program at the Pangeni Copper Project has delivered a new and exciting dimension to our copper exploration with drill hole Q3-C1 returning a significant copper intersection hosted in siltstones at the Q-Target. These siltstone units are interpreted to be part of the Katanga Supergroup. Katanga lithologies near basement units are known to be the setting for many world class copper deposits in the Central African Copperbelt. This first Katanga sediment hosted copper intersection adds considerable prospectivity to the Project. We are now designing a follow-up exploration campaign for the Q-Target area to focus on its relatively close proximity to the SW-Prospect and a number of untested shallow aircore copper anomalies to the west and north of the Q3-C1 drill hole intersection.
Including today's results from the D-Prospect, we are also encouraged that five of six core holes completed to date have returned significant copper mineralization. The grades of these intersections are similar to producing operations in the Domes Region, such as First Quantum Minerals' Sentinel and Barrick Gold's Lumwana copper mines in the Zambian Copperbelt. Further exploration to scope the scale potential of the D-Prospect mineralization is also being planned.'
PANGENI COPPER PROJECT
In 2021 the Company completed 1,382 metres of core drilling in six holes, 4,353 metres of shallow aircore, and a helicopter-borne electromagnetic ('EM') survey over the Project. The interpretation of the EM survey data was integrated with previous geophysical and geological interpretations of the Property. The EM data improved exploration target selection and mapping of the Kalahari sand cover units. Four priority targets were identified from the aircore program for testing with core drilling. These were related to both the D-Prospect and two standalone new exploration targets, namely the Q and F targets. The core drilling program was completed in early December and the analytical results were recently received.
Q-TARGET
The intersection of 4.14 metres grading 0.62% Cu (from 92.36 metres drilled depth) is of specific interest as this zone of observed copper oxide mineralization in drill hole Q3-C1 is hosted within siltstones interpreted to be part of the Katanga Supergroup. These siltstones have been intersected in relatively close proximity to what is currently interpreted to be basement hosted copper mineralization at the SW-Prospect. Many of the world class, sediment-hosted, copper deposits and mines of the Central African Copperbelt occur in this type of geological setting when coupled with favourable structural feeders for the copper mineralization.
ABOUT BEMETALS CORP.
BeMetals is a precious and base metals exploration and development company focused on becoming a leading metal producer through the acquisition of quality exploration, development and potentially production stage projects. The Company has recently established itself in the gold sector with the acquisition of certain wholly owned exploration projects in Japan. BeMetals is also progressing both its advanced high-grade, zinc-silver-gold-copper polymetallic underground exploration at the South Mountain Project in Idaho through a preliminary economic assessment, and its tier-one targeted, Pangeni Copper Exploration Project in Zambia. Guiding and leading BeMetals' growth strategy is a strong board and management team, founders and significant shareholders of the Company, who have an extensive proven record of delivering considerable value in the mining sector through the discovery, construction and operation of mines around the world.
Contact:
Derek Iwanaka
Tel: 604-609-6141
Email: diwanaka@bemetalscorp.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains 'forward-looking statements' and 'forward looking information' (as defined under applicable securities laws), based on management's best estimates, assumptions and current expectations. Such statements include but are not limited to, statements with respect to future exploration, development and advancement of the South Mountain Project, the Pangeni project and the Japan properties, and the acquisition of additional base and/or precious metal projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'expects', 'expected', 'budgeted', 'forecasts', 'anticipates', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'aims', 'potential', 'goal', 'objective', 'prospective', and similar expressions, or that events or conditions 'will', 'would', 'may', 'can', 'could' or 'should' occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: the actual results of exploration activities, the availability of financing and/or cash flow to fund the current and future plans and expenditures, the ability of the Company to satisfy the conditions of the option agreements for the South Mountain Project and/or the Pangeni Project, and changes in the world commodity markets or equity markets. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
BEMETALS CORP. 
