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    BMET   CA0813791096

BEMETALS CORP.

(BMET)
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BeMetals Corp. Commences Surface Drilling Program At High-Grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho

10/18/2021 | 12:54pm EST

BeMetals Corp. announce the start of an exploratory phase of drilling from surface at its high-grade South Mountain Zinc-Silver-Gold-Copper Project ("South Mountain" or the "Project" or the "Property") in southwest Idaho, U.S.A. This program is designed to further test the down depth extent of mineralization at the DMEA Zone with the objective to significantly expand the scale of the current Mineral Resource Estimate ("MRE") at South Mountain. The DMEA Zone is the largest known body of mineralization on the Property, containing the majority of tonnage in the current MRE, and the mineralized zone remains open at depth. Since optioning the South Mountain Project in early 2019, BeMetals has conducted two phases of underground core drilling at the Property for a combined total of approximately 5,000 metres. All of the drilling results from the Company's past programs have been incorporated into the current MRE for the South Mountain deposit and filed on SEDAR in June 2021. The 2021 MRE is summarised as: Measured & Indicated ("M&I"): 187,650 tonnes grading 9.63% Zinc ("Zn"), 151 grams per tonne ("g/t") Silver ("Ag"), 2.19 g/t Gold ("Au"), 1.01% Lead ("Pb") and 0.63% Copper ("Cu"). This represented a 21.8% increase to the M&I tonnage from the historical 2019 MRE with a 20.36% Zn equivalent grade ("ZnEq"). Inferred: 756,300 tonnes grading 7.63% Zn, 196 g/t Ag, 1.40 g/t Au, 0.97% Pb and 0.81% Cu. This represented a 129.5% increase in the Inferred tonnage from the historical 2019 MRE with a 18.10% ZnEq grade. During the first week of October, a surface drilling rig was mobilized to the Property.


© S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -1,33 M -1,04 M -1,04 M
Net cash 2020 3,24 M 2,54 M 2,54 M
P/E ratio 2020 -32,7x
Yield 2020 -
Capitalization 44,3 M 34,8 M 34,8 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 68,3%
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Managers and Directors
John Wilton President, Chief Executive Officer & Director
Nicholas Furber Chief Financial Officer
Mark Anthony Connelly Non-Executive Chairman
Thomas A. Garagan Independent Director
Roger Thomas Richer Independent Director
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