Bell Copper Corporation

Published : June 20th, 2011

Advances La Balsa Feasibility Study and Van Dyke Programs for 2011

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Keywords :   China | Copper | G Mexico | Growth | Iron | Mexico |

Bell Copper Advances La Balsa Feasibility Study and Van Dyke Programs for 2011

Monday, June 20, 2011

Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) is pleased to announce its exploration and development plans for its La Balsa and Van Dyke projects for the balance of 2011, following the successful closing of its $4.5 million equity private placement.

La Balsa Project, Mexico: At the Company's wholly owned La Balsa project, work continues on the previously announced feasibility study for the mining of low strip-ratio, surface breccia copper resources. This work follows a March 2010 Scoping Study which projected annual production of 21 million pounds of copper per year over a seven year mine life, with cash costs of US $0.81/lb and all-in costs (including capital, and the use of the Company's previously purchased SX-EW processing plant) of $1.22/lb. As part of this study, a 2,000 metre in-fill drill program is commencing to provide further definition to the oxide/sulphide transition zones. Metallurgical testing is also in progress with an aim toward determining the optimal method for processing material within these transition zones.

Drilling to test for a buried copper porphyry under the surface breccias at La Balsa is in progress with the hole at 780 metres depth. The porphyry system is targeted at 800 metres depth, below a thrust fault which is believed to have laterally displaced the known, shallow, Cu-bearing breccia from the targeted underlying porphyry. At present, the hole is crossing through strongly faulted ground believed to be the thrust fault. To date, this hole has intersected low-grade chalcopyrite mineralization hosted in ankeritic carbonate veins and brecciated monzonite porphyry and sericitized andesitic pyroclastic rocks. The mineralization is interpreted to occupy a fault bounded lens of altered rock associated with the thrust zone.

Bell has identified a 12km2 magnetic feature on the La Balsa Project that is similar in dimensions to Arcelor-Mittal's nearby 290 million tonne Las Truchas iron mine, 20 km to the west of La Balsa. This area will be the target of a $250,000 exploration program consisting of a heli-mag survey followed by selective ground based surveys and drill testing of the best targets. High grade surface iron deposits (grading 66% in grab samples) have been identified to date on the eastern and western portions of the 51 km2 claim block, and small scale iron mining companies, under contract to Bell, have been direct shipping iron to China through the nearby port at Lazaro Cardenas. The company expects to generate approximately $600,000 for the year from the sale of iron.

Van Dyke Project, Arizona: The acquisition of the Van Dyke property is expected to close by August 2011. The vendor is in the final steps of consolidating the ownership of the property as required under the acquisition agreement with the Company.

Following the closing of the acquisition, the Company will immediately begin a program to validate the 1.3 billion pounds of historical resources (167 million tons grading 0.41% copper using a 0.1% cut-off grade) and produce a 43-101 compliant report. These resources are historical in nature, should not be relied upon and are cited here for geological purposes only. Work to upgrade these resources will include re-assaying selected intervals of the original core drilled by Occidental Minerals in the 1970's, along with confirmatory drilling within the deposit that could commence as early as October 2011.

While this confirmatory work is being undertaken, the Company will begin its permitting activities for the project as well as undertaking a Preliminary Economic Assessment (PEA) for recovering copper using in-situ leaching (ISL) methods. ISL has been successfully tested on this copper oxide deposit by Occidental Minerals, and the Town of Miami Arizona has already provided a letter of support for the Company's proposed development of the deposit. BHP already operates an ISL project in the Miami area, supporting Management's belief that this project can be permitted. ISL has been used extensively around the world for decades, and its advantages include lower capital and operating costs, no ore moved or tailings created, minimal visual disturbance, fewer permits versus other mining methods, and an ability to produce copper cathodes on site. Future production could include the use of the SX-EW processing plant which the Company already owns, or the use of other SX-EW plants that are currently in operation in proximity to the project. The PEA is expected to take approximately 6 months to complete.

Dr. Michael Werner, the Company's CEO, stated "In Management's opinion the La Balsa Project will allow Bell to move into the ranks of a Junior copper producer with near term growth coming from our acquisition of the Van Dyke deposit. We look forward to moving both of these projects ahead with the support of the Forbes and Manhattan Group of companies.

Corporate Update: The Company announces that the TSX-Venture Exchange has accepted for filing documentation with respect to the closing of its brokered private placement previously announced on May 11, 2011 and June 2, 2011. The Company has issued a total of 22,500,000 units ("Units") at a price of $0.20 per Unit. Each Unit consists of one common share and one share purchase warrant with each warrant entitling the holder to acquire one additional common share at a price of $0.35 per share for a period of 18 months from closing. The Company has paid a cash commission of $278,530 to the brokers, and has issued 1,989,500 brokers' warrants entitling the brokers to acquire one common share of the Company at a price of $0.20 per share for a period of 18 months from closing. There is a statutory hold period of 4 months plus 1 day, expiring September 7 (on 16,200,000 of the Units and 1,114,500 of the brokers' warrants) and September 26, 2011 (on 6,300,000 of the Units and 875,000 of the brokers' warrants) issued pursuant to this private placement.

Subsequent to the recent financing, and the previously announced board of directors and management additions, the Company will be moving its head office to Toronto into the offices of the Forbes and Manhattan Group of Companies effective July 1, 2011. With this transition, Gordon Fretwell has resigned as the Corporate Secretary and Matt Harding has been appointed the new Corporate Secretary. As part of these board and management changes, the Company has, subject to regulatory approval, granted 9,050,000 stock options to directors, officers and consultants of the Company. These options will be exercisable at $0.20 per share for a period of five (5) years from the date of granting.

For the purposes of this news release, the Qualified Person is Timothy Marsh, Ph.D., P.Eng., the Company's President.

About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development and production in North America. The Company has an extensive portfolio of exploration and development projects located in some of North America's premier copper producing regions including Mexico and the Southwestern US.

More information on Bell Copper: www.bellcopper.net

On behalf of the Board of Directors of
Bell Copper Corporation


"Michael Werner"

Michael Werner, CEO & Director

For further information, contact:

Bell Copper Corporation

Sarah Stephanson
Executive Assistant
Tel.: (604) 669-1484
info@bellcopper.net
www.bellcopper.net

Renmark Financial Communications Inc.

Christine Stewart:
cstewart@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

"Neither 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."

You can also view this News Release on our website at:
http://www.bellcopper.net/s/News_Releases.asp?ReportID=463167

Data and Statistics for these countries : China | Mexico | All
Gold and Silver Prices for these countries : China | Mexico | All

Bell Copper Corporation

DEVELOPMENT STAGE
CODE : BCU.V
ISIN : CA0778862080
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Bell Copper is a copper exploration company based in Canada.

Bell Copper develops copper and gold in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main asset in development is LA BALSA in Mexico and its main exploration properties are SOMBRERO BUTTE, KABBA and LEDUC in Canada and SILVER BELL and COPPER SPRINGS (BELLCOPPER) in Mexico.

Bell Copper is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.9 millions as of today (US$ 2.1 millions, € 2.0 millions).

Its stock quote reached its highest recent level on April 13, 2006 at CA$ 6.20, and its lowest recent point on March 06, 2015 at CA$ 0.01.

Bell Copper has 41 410 000 shares outstanding.

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Annual reports of Bell Copper Corporation
Annual Report 2007
Financings of Bell Copper Corporation
3/29/2012Announces Amendments to Private Placement Financing
6/3/2011Closes Balance of $4.5 Million Financing
5/12/2011Closes First Tranche of Financing
4/27/2011Increases Financing to $4 Million and Announces Board and Ma...
6/17/2010Shares Issued to Macquarie, Expiration & Exercise of Share P...
5/17/2010Non-Brokered Private Placement
3/10/2010Closing of Private Placement
1/21/2010Non-brokered Private Placement Increase
11/30/2009Non-Brokered Private Placements
11/2/2009Closing of Private Placement and Warrant Amendment
10/29/2009Non-Brokered Private Placement
8/13/2009Private Placement Closed and Warrant Amendment Approved
8/11/2009Private Placement Increased
7/29/2009Non-Brokered Private Placement
3/10/2009Non-Brokered Private Placement
12/17/2008Kabba Project Drilling - Increased Private Placement
12/11/2008Non-Brokered Convertible Debenture Private Placement
11/3/2008Non Brokered Private Placement
9/25/2008Second Tranche Closing of Private Placement
9/8/2008First Tranche Closing of Private Placement
8/7/2008Non-Brokered Private Placement Terms Amended
7/9/2008Non Brokered Private Placement
4/18/2008Brokered Private Placement Of Units
Nominations of Bell Copper Corporation
2/29/2012Announces Changes to Board of Directors
10/7/2011Announces Appointment of New Corporate Secretary
5/8/2007Appointment to the Board & Exercising of Warrants
Project news of Bell Copper Corporation
8/7/2013(La Balsa)Completes Sale of the La Balsa Project & SXEW Plant - Procee...
7/9/2013(La Balsa)Agreement to Sell the La Balsa Project & SXEW Plant Proceeds...
9/10/2012(Sombrero Butte)Amends Purchase Agreement with Copper Fox Metals and Complet...
4/12/2012(Kabba)Options 60% Interest in Kabba Project to AKA Ventures
3/21/2012(La Balsa)Provides Update on its La Balsa Project
3/12/2012to Complete Van Dyke Acquisition
9/1/2011(Kabba)Intersects Significant Base Metal Mineralization in Kabba Po...
6/30/2010(La Balsa)Drilling Update
5/18/2010(La Balsa)Update
5/13/2010Sombrero 43-101 Technical Report
5/6/2010(La Balsa)Exploitation Agreement
5/4/2010(La Balsa)Drilling commences
2/11/2010(Kabba)Completes Drillhole K-8, Cores K-9
12/16/2009(Granduc Copper Mine)Begins Geophysical Survey of Granduc Mine
12/14/2009(Kabba)Begins Drillhole K-8 at Kabba Project
11/23/2009(Kabba)Kabba Drilling Update
11/6/2009(Kabba)Kabba Drilling Update
11/2/2009(Kabba)Kabba Phase II Drill Update:
7/7/2009(Kabba)Kabba Drilling Update
6/11/2009(Kabba)Kabba Drilling Re-Commences
3/10/2009(Kabba)Kabba Drilling Update
3/2/2009(Kabba)Kabba Drilling Commences
1/27/2009(Sombrero Butte)Mineral Exploration Roundup Core Shack 2009
1/13/2009(Sombrero Butte)Creek-Sombrero Option Agreement Amendment
6/24/2008(Kabba)Kabba Data Compilation Supports Large Porphyry Mo-Cu Target
3/17/2008(Fox River Mafic Belt)Drilling Begins at Fox River Project
2/6/2008Phase II Drilling Complete at Sombrero Butte in Arizona
1/28/2008(La Balsa) Reports La Balsa NI 43-101 Technical Report
7/4/2007(Fox River Mafic Belt)Fox River Exploration Update
5/24/2007More High Grade Copper from Arizona: Bell cuts 66 meters of ...
5/23/2007(Kabba)Drilling of Cu-Mo Porphyry Target Begins at Kabba Project
Corporate news of Bell Copper Corporation
9/17/2015Bell Issues Units, Shares For Debt And Announces Annual Meet...
3/25/2015Non-brokered Private Placement Financing
11/20/2013(Kabba)Kabba NI43-101 Report
9/24/2012Announces Management Changes/Advance Notice Policy
7/9/2012(Sombrero Butte)Signs Purchase Agreement with Copper Fox Metals in Respect o...
6/28/2012Announces Results of Annual and Special Meeting of Sharehold...
6/21/2012Provides Corporate Update
6/8/2012Announces Defaults Under Secured Term Credit Facility
5/31/2012Announces Proposed Share Consolidation
6/27/2011(Kabba)Commences Drilling a 3 km by 5 km Copper-Molybdenum Porphyry...
6/20/2011(La Balsa)Advances La Balsa Feasibility Study and Van Dyke Programs fo...
3/11/2011Announces $2,500,000 Brokered Private Placement Financing
8/19/2010La Balsa Iron Ore Exploitation Agreement
6/2/2010Drillhole K-9 Update
5/12/2010New Director Appointed
5/3/2010Shares Issued To Macquarie
4/29/2010Retains Renmark Financial Communications Inc.
4/9/2010Shares Issued to Macquarie
4/8/2010Van Dyke Copper Mine Purchase
4/6/2010Granduc Option Agreement
3/2/2010Shares Issued To Macquarie
2/4/2010Shares Issued to Macquarie
1/21/2010Management Addition
12/15/2009New Management
12/9/2009Acquisition of 100% Interest in Silver Leduc Mineral Claims
12/7/2009Proposes Spin-Off Transaction
11/5/2009Shares Issued To Macquarie
10/2/2009Shares Issued To Macquarie
9/2/2009Shares Issued to MacQuarie
8/13/2009Gryphon Summit Litigation
7/3/2009Shares Issued To Macquarie
3/4/2009Shares Issued To Macquarie
2/26/2009Debenture Financing Completed
2/6/2009Options
1/23/2009Extension of Macquarie Demand Debenture
12/17/2008Investor Relations
12/4/2008Strategic Plan
11/15/2008CFO, Brian Leeners provides update on Bell Copper's upcoming...
8/23/2008Disclosure Review
7/16/2008Options Interest in Arizona Project
7/14/2008Brian Leeners explains the significance of new breccia pipes...
7/8/2008Discovers Advanced Argillic Alteration in New Breccia Pipes ...
6/25/2008Executive Interview
4/12/2008Announces Final Court Hearing Date for Grandcru-Rogue River ...
4/8/2008 Grandcru Resources and Rogue River Resources Announce Propo...
4/3/2008 Retains Agoracom To Provide Investor Relations, Social Netw...
4/3/2008Exhibiting at the Calgary Resource Investment Conference
3/29/2008, Grandcru Resources And Rogue River Resources Receive Major...
2/28/2008Phase II Drilling Confirms More Copper at Sombrero Butte in ...
12/19/2007Options Outland Silver Bar Property to Glen Hawk Minerals Lt...
10/31/2007Continued Drilling at La Balsa Finds More Copper in New
10/30/2007 Phase II Drilling at Sombrero Butte Targets Suspected Under...
10/16/2007Begins Phase One Drilling Program at Gryphon Project
10/10/2007Provides Gryphon Summit Property Overview
9/25/2007Option Agreement With Golden Gryphon USA, Inc.
9/20/2007Reports La Balsa Project Drill Results of Rogue River Resour...
9/19/2007Drilling Begins at Mesa Well Project in Arizona
9/4/2007Grandcru Resources & Rogue River Resources to Complete Three...
8/15/2007 Continues to Expand Presence in Arizona With New Copper Pro...
8/8/2007Introduces New Porphyry Copper Project in Arizona
7/10/2007Extends Copper Mineralization at Sombrero Butte Project
7/5/2007Engages Barnes McInerney
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