Bell Copper Corporation
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in an area that has produced 10% of the world’s copper – Arizona.
Bell Copper is exploring two large Tier 1 porphyry copper systems – its 100%-owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is under an Earn-In/Joint Venture agreement. The two projects are approximately 30 km apart and both located in northwestern Arizona.
Bell Copper is led by Dr. Timothy (Tim) Marsh, former Chief Geologist at Resolution Copper and recognized authority on copper porphyry exploration.
Big Sandy Porphyry Copper Project
The Big Sandy project is a large, truncated porphyry copper-molybdenum prospect located in northwestern Arizona, approximately 30 kilometers from the Company’s Perseverance Project and on trend with other producing porphyry systems. The Big Sandy project comprises approximately 5,733 acres of mineral tenures.
The objective of Bell’s initial drill plan at Big Sandy was to locate the truncated top of the Diamond Joe porphyry system which Bell Copper believed had been transported approximately 12-15 km ENE on to the Big Sandy Claim block.
Bell has initiated metallurgical testing of chalcocite-bearing porphyry core samples from the Big Sandy project.
Perseverance Porphyry Copper Project
On August 27, 2018, Bell Copper entered into an Earn-In/Joint Venture on the Perseverance porphyry copper project with Cordoba Minerals. Cordoba has the option to earn up to 80% of the project with C$17,300,000 in project expenditures.
Management and Directors
Dr. Timothy Marsh, Ph.D., P.Eng., President, CEO & Director
Dr. Marsh has over 30 years experience including former Chief Geologist of Resolution Copper Company (a Rio Tinto Company), geologist for Kennecott Minerals Company on the Cortez Joint Venture in Nevada, AMT International (Manager of Exploration and Geology).
W. Glen Zinn, Director
Mr. Zinn has over 45 years of mining industry experience in senior executive positions including former VP Corporate Development at Hecla Mining Company, former Chief Geophysicist for Union Oil/Molycorp, and was the former Chairman, CEO, and President of Bell Copper Corporation.
Annie Storey, CA, BBA, Chief Financial Officer
Ms. Storey has over 25 year career in accounting, auditing, financial reporting and corporate services for Canadian and US public and private companies.
Jonathan Godbe, Director
Every Godbe generation has been represented in the mining industry since the 1870’s. The last 17 years Mr. Godbe has worked with John Sr. at Godbe Drilling and is the VP of Operations.
Mario Stifano, Director
Mr. Stifano is a seasoned mining executive and Chartered Professional Accountant with over 17 years of experience. Mr. Stifano was Chief Executive Officer of Cordoba Minerals Corp., Vice President and Chief Financial Officer of Lake Shore Gold Corp. Inc. and Ivernia Inc. Mr. Stifano has been instrumental in raising over $700 million to explore and fund mining projects.
Pamela White, Corporate Secretary
Ms. White has over 30 years of experience in the TSX Venture Exchange industry. She currently acts as Corporate Secretary for multiple companies trading on the TSX Venture Exchange.
On April 04, 2023, Bell Copper Corp. has agreed to settle $60,000 of debt owing to a certain creditor by issuing 272,727 common shares in the capital of the company at a deemed price of 22 cents per share. No warrants will be issued in connection with the debt settlement.
The debt settlement transaction is subject to the approval of the TSX Venture Exchange and all shares issued pursuant to the debt settlement will be subject to a four-month statutory hold period. The debt settlement will not create a new control person nor are any insiders participating in the settlement.
On March 01, 2023, Bell Copper Corp. has resumed drilling at its 100-per-cent-owned Big Sandy porphyry copper project, a large, truncated porphyry copper-molybdenum project located in northwestern Arizona, approximately 30 kilometres from the company's Perseverance project.
The company is following up on the previous drill hole, BS-3 which had an intersection of 200 metres of chalcocite-bearing porphyry (see the news release dated June 7, 2022). The company has constructed a new drill pad approximately 900 metres from the previous BS-3 drill site. Initial drilling to bedrock will be completed with an angle capable mud rotary drill, followed by core drilling into bedrock.
On February 08, 2023, The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 15, 2022:
Number of shares: 3,840,166 shares
Purchase price: 12 cents per share
Warrants: 3,840,166 share purchase warrants to purchase 3,840,166 shares
Warrant exercise price: 20 cents for a two-year period
Number of placees: 16 placees
Aggregate existing insider involvement: one insider, 85,000 shares
Aggregate pro group involvement: two placees, 300,000 shares
On February 01, 2023, Bell Copper Corp., further to its news releases of Nov. 15, 2022, and Dec. 30, 2022, has closed its second and final tranche of its non-brokered private placement. In the second tranche, the company issued 2,391,666 units at a price of 12 cents per unit. Total units issued in the financing of 3,840,166 units raised total gross proceeds of $460,819.92.
Funds raised from the financing will be used for the continuing drilling and exploration program at the company's 100-per-cent-owned Big Sandy porphyry copper project and for general working capital.
On December 30, 2023, Bell Copper Corp., further to its news release dated Nov. 15, 2022, has closed a first tranche of its non-brokered private placement. In the first tranche, the company issued 1,448,500 units at a price of 12 cents per unit for total gross proceeds of $173,820. Each unit consists of one common share and one common share purchase warrant. Due to the limitations associated with completing a financing during the holiday season, the TSX Venture Exchange has granted the company an extension to its financing for a further 30 days so the company may have time to collect additional subscriptions.
On November 15, 2022, Bell Copper Corporation announced that it has arranged a non-brokered private placement to raise gross proceeds of up to CDN $3,000,000.00 (the "Financing"). Funds raised from the Financing will be used for the ongoing drilling and exploration program at the Company's 100% owned Big Sandy Porphyry Copper Project and for general working capital. Closing shall be subject to receipt of all necessary corporate and regulatory approvals, including approval of the TSX-V.
On September 15, 2022, Bell Copper Corporation announced that further to its news release of September 14, 2022, it wishes to expand on the details provided on its newest board member, Mr. Eugene K. Schmidt. In addition to his noteworthy vocations publicized in the prior release, Mr. Schmidt’s most recent engagements include being VP Exploration for Cordoba Minerals, consulting to the President of Freeport McMoRan Exploration Co. and acting as consultant for Agnico Eagle’s Project Development Group. He also held the position VP of Exploration for both El Tigre Silver and DiaBras Exploration (now Sierra Metals). Mr. Schmidt holds a master of Science degree in Economic Geology with the University of Arizona, rather than in Geological Engineering as previously reported.
On September 14, 2022, Bell Copper Corporation announced that after a career lasting more than a half a century in the mining business, W. Glen Zinn has retired and has stepped down as a director of Bell Copper. The Company also announces the grant of 200,000 incentive stock options under the 2022 Plan exercisable at a price of $0.20. The options vest immediately and are exercisable for a period of five years from the date of grant.
On July 21, 2022, Bell Copper Corp. has received a preliminary report of metallurgical testing of the most copper-rich interval of drill hole BS-3 at its Big Sandy project in Arizona. Big Sandy is a large, truncated porphyry copper-molybdenum target located in northwestern Arizona, approximately 30 kilometres south of the company's analogous Perseverance project. Drill hole BS-3 cut 200 metres from 1,302 metres to 1,502 metres grading 0.42 per cent copper (8.4 pounds per Cu/st) and 2.4 grams of silver per tonne as supergene chalcocite hosted in strongly pyritic, sericitized porphyry. The hole was terminated in strongly pyritic, sericitized porphyry at an inclined depth of 2,026.33 metres when the mechanical limits of the drill were reached.
On June 07, 2022, Bell Copper Corporation annouced that it has received complete assay results from drillhole BS-3 at its Big Sandy project. Big Sandy is a large, truncated porphyry copper-molybdenum target located in northwestern Arizona, approximately 30 kilometers south of the Company's Perseverance Project. Highlights:
Inclined drillhole BS-3 cut 200 meters grading 0.42 percent copper (8.4 lbsCu/st) and 2.4 grams of silver per tonne from 1302 meters to 1502 meters, including 54 meters grading 0.67 percent copper (13.4 lbsCu/st) and 3.7 grams of silver per tonne from 1445 meters to 1499 meters.
BS-3 drilled an additional 524.33 meters from 1502 to 2026.33 meters (total depth) grading 0.16 percent copper and 2.2 grams of silver per tonne.
The entire bedrock interval in BS-3, extending 834.33 meters from 1192 meters to 2026.33 meters (total depth), consisted of pervasively sericitized quartz monzonite porphyry typical of the low grade, outer "phyllic" or "QSP" (quartz-sericite-pyrite) alteration zone of a porphyry copper system.
Metallurgical testing continues on the 200-meter chalcocite-bearing interval 1302-1502 meters for copper recovery via routine froth flotation and leaching.
On March 22, 2022, Bell Copper Corp. announced that it has initiated metallurgical testing of chalcocite-bearing porphyry core samples from its Big Sandy project.
On March 17, 2022, Cordoba Minerals Corp. has provided an update on drilling at the Perseverance project and informed Bell Copper Corp. that it has expended enough via exploration activities to earn 51 per cent of the project.
Bell Copper president and CEO Dr. Tim Marsh stated: "K-22 was drilled 1,300 metres north of K-20. 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 (zinc-copper-lead), long intervals of propylitic alteration and early chalcopyrite-bearing veinlets sporting K-feldspar jackets. 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 sulphide minerals. Meanwhile, Bell Copper will keep advancing our porphyry copper discovery at Big Sandy."