お知らせ • Jun 09
Bell Copper Corporation And Cordoba Minerals Corp Approve 2026 Exploration Program At Perseverance Copper Project
Bell Copper Corporation and Cordoba Minerals Corp. have approved a 2026 exploration program of 1,700m of drilling at the Perseverance Copper Project in Arizona, USA. Cordoba is also confirming that its earn-in at the Perseverance Copper Project has ended without Cordoba earning an additional interest, meaning the Project is a 51/49 joint venture with Bell Copper. Cordoba completes 51% earn-in of Bell’s Perseverance Porphyry Copper Project, Arizona. JV approves 2026 USD 1.7 million, 1,700-meter drilling program for supergene copper. Bell Copper drilling K-24 to test stacked MT target and faulted Big Sandy analogue target. The Perseverance Copper Project is located in Arizona’s Copper Triangle, a Tier 1 jurisdiction with major copper deposits and mines. The Project is located 50 miles north northwest of Freeport McMoRan’s Bagdad Copper Mine, approximately 19 miles southeast of Kingman, Arizona, and 150 miles northwest of Phoenix, with a land package comprising more than 19,000 acres. The 2026 exploration program will seek to deepen 3 existing drill holes (originally drilled by Rio Tinto) to new depths: K-23: Current ending depth 590m, deepening 500m to 1,100m total depth; K-19: Current ending depth 420m, deepening 700m to 1,100m total depth; K-13: Current ending depth 424m, deepening 500m to 900m total depth. Hole K-23 originally drilled through young valley fill gravels and into a thick basalt layer and terminated in a hematite-stained leached cap. Hole K-19 also drilled through alluvial cover and hit Laramide age granite porphyry at 250m, heavily stained by hematite and goethite indicative of a leached cap. The hole was terminated at 420m in hydrothermal breccia with pyrite and sphalerite in granodiorite porphyry. An induced polarization survey performed by Quantec Geophysics in 2017 for Rio Tinto (who held an option on the property from Bell Copper), shows strong chargeability indicative of sulphide mineralization immediately below where the hole was terminated. Hole K-13 is a 525m step out from K-19. This hole also stopped in hematite, goethite stained leached cap with strong chargeability below where the hole was terminated. The total 2026 exploration program budget is approximately USD 1.7 million, including up to 1,700m of drilling, of which Bell Copper is responsible for funding 49%. Drilling is not expected to commence until required permits have been obtained, which is not anticipated prior to late Third Quarter 2026. Bell Copper is drilling hole K-24 to test two distinct, stacked targets with a single drillhole. Located immediately to the west of State Highway 93, this hole is drilling through water-saturated sand and gravel deposits in order to test the source of a broad, magnetotelluric (MT) resistivity low potentially indicative of conductive sulphide, and which was originally identified in 2020. The lower of the two targets is the faulted top of the Wheeler Wash porphyry root zone, an analogue of the same fault slip vector (13 kilometers at N70E) that yielded the chalcocite blanket discovery in BS-3 at Bell’s Big Sandy project, 30 kilometers to the south. The three holes were stopped in hematite, goethite-rich, “leached cap” rocks beneath a young, 20-million-year-old basalt flow covering Proterozoic and Laramide basement rocks. In Arizona this is indicative for the potential for copper-rich chalcocite replacing pyrite and chalcopyrite below the leached cap rock. The goal is to identify the potential for a high-grade copper deposit at Perseverance that can be mined by similar underground mining methods to the Santa Cruz deposit that is currently being developed by Cordoba’s majority shareholder, Ivanhoe Electric Inc., at Casa Grande south of Phoenix. The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng., the Company’s CEO and President and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.