What do you think about BL.V? I tried to post chart but wasn't able to.
Wed Dec 14, 2005
Drilling at Granduc Confirms Grades of up to 3.92% Cu
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Vancouver, British Columbia: Bell Resources Corporation (the "Company") is pleased to report receipt of assays from its 5-hole drilling program on the Granduc Project in northwestern British Columbia. Samples were analyzed by Acme Analytical Laboratories of Vancouver, B.C.
Highlights:
Significant copper intersections of up to 3.92% Cu, including 25.5 ft of 2.57% Cu, 24.9 ft of 2.21% Cu and 26.7 ft of 2.13% Cu
Intersections show an overall pattern of increasing copper grade, thickness, and byproduct metal grades in the downdip and southwest directions, and remain open to extension in these directions
Ore zones have been extended at least 800 feet southward along strike and at least 800 feet down dip from historically mined areas
Drill program focused on less than ten percent of the known 3.5 kilometre strike length of the deposit and sets the stage for a comprehensive 2006 work program
This initial drill program at the Granduc has demonstrated that high grade chalcopyrite-magnetite-pyrrhotite mineralization is indeed the cause of the geophysical anomalies identified earlier in the 2005 field season. The drill program also confirmed that the sulfide ore zones previously mined at Granduc extend at least 800 feet further southward along strike and at least 800 feet further down dip. Much of this additional strike length was previously inaccessible beneath the South Leduc Glacier, which through recent rapid melting has retreated about 700 feet southward and 400 feet vertically downward.
These drill intersections show an overall pattern of increasing copper grade, thickness, and byproduct metal grades in the downdip and southwest directions, where the drillholes cut in-situ metal values exceeding $100 per ton at current market prices. The mineralization in this magmatic massive sulfide system remains open in these directions, and will be drilled in 2006 when the Company pursues the continuations of these thick, higher tenor beds as part of a significantly larger field program to be announced in January 2006. This season's drill program was focused on less than ten percent of the known 3.5 kilometre strike length of this Besshi-type deposit, which are known for their multi-kilometre strike lengths.
"These assays show that we have just begun to scratch the surface of the potential at Granduc", said Tim Marsh, Bell's VP of Exploration.
The following table summarizes the most significant intersections of this program.
Drillhole From (ft) To (ft) Intercept
(ft) True
Thickness
(ft) Cu % Ag g/t Au g/t Co g/t
2005-1 304.0 334.0 30.0 24.9 2.21 11.8 .157 94
2005-1 746.0 754.0 8.0 6.6 1.66 18.8 .112 114
2005-1 806.0 814.0 8.0 6.6 1.85 21.8 .072 203
2005-2 461.8 469.3 7.5 6.1 1.19 16.7 .115 103
2005-3 535.8 557.0 21.2 13.3 1.84 20.7 .127 98
2005-3 646.4 671.7 25.3 15.9 1.49 13.1 .102 128
2005-4 716.0 752.0 36.0 25.5 2.57 6.7 .159 114
2005-4 1199.0 1214.0 15.0 11.1 2.02 20.3 .224 156
2005-5 647.3 657.6 10.3 5.7 2.42 17.4 .236 271
2005-5 863.0 871.8 8.8 4.9 3.92 36.0 .255 168
2005-5 1367.0 1414.8 47.8 26.7 2.13 23.2 .237 139
Note: historic grades were 1.84% Cu, 7 g/t Ag and .1 g/t Au (as last reported by Schmidt, et al 1983 - Non NI43-101)
Core samples obtained during the 2005 drill program were split on site, and then shipped for assay to Acme Analytical Laboratories in Vancouver, B.C. Mineralized intervals were visually selected for assay, based on the presence of coarse-grained chalcopyrite. Field checks of copper grades were made using a portable metal analyzer. An average of one quality control sample (duplicate core, field blank, duplicate pulp, or laboratory standard) was taken for each five core samples analyzed.
All drillholes were located south of historic mining areas, and were targeted to test the along-strike continuity of known ore beds into a region of overlapping geophysical anomalies, formerly located beneath the South Leduc glacier. Drillholes 2005-1, -2, -3, and -5 were drilled along section 9100 North, located 500 feet southwest of the historical limit of past mining. Drillhole 2005-4 was drilled 300 feet further to the southwest along section 8800 North. Each of the drillholes was angled in a due east direction into the 70 degree west-dipping, N20E-striking Granduc Mine Series rocks that host the stratiform copper-iron orebodies. The spacing of the 5 drillholes that were completed this season is inadequate to reliably estimate the volume represented by the sulfide intersections, and a much larger program of infill drilling will be required to bring the mineral resource into compliance with NI43-101.
A map and cross section showing the drill results may be found on the company website www.bellresources.com
For the purposes of this news release, the Company's Vice President of Exploration, Dr. Timothy Marsh, P.E., PhD, is the Qualified Person.
About the Granduc
The Granduc project is a copper-rich magmatic volcanogenic massive sulphide (VMS-Besshi) deposit located 40 km northwest of Stewart in west-central British Columbia. Historically, the Granduc Mine produced copper, silver and gold between 1969 and 1983. Bell Resources is developing the Granduc toward production.
Bell Resources is focused on base metal exploration, development and production opportunities in North America. The current assets range from early stage to advanced stage exploration including the past producing Granduc Property. The management team will utilize the personnel, assets and creativity in its focus of working toward commercial production of copper and associated precious metal credits.
On Behalf of the Board of Directors of
Bell Resources Corporation
"W. Glen Zinn"
W. Glen Zinn, CEO, President & Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
