Bell Copper Corporation reported 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. Disseminated chalcocite (copper sulfide) and pyrite was first encountered in drillhole BS-3 at an inclined depth of 1302 meters, immediately beneath leached capping.

Chalcocite variably overprints predominantly pyritic mineralization from the inclined depth of 1302m to at least 1589m. Chalcocite mineralization in this 287-meter interval is interrupted by spotty jarosite-bearing shear zones lacking pyrite and chalcocite. No copper oxide minerals were encountered in the intersection.

Pyrite content averaged over 9% by weight across the interval. The 200-meter interval between 1302 meters and 1502 meters returned an average grade of 0.42% copper (8.4 lbsCu/st) and 2.4 grams of silver per tonne, including 54 meters from 1445 meters to 1499 meters grading 0.67% copper (13.4 lbsCu/st) and 3.7 grams of silver per tonne. The true thickness of the 200-meter chalcocite- bearing interval is not known.

The maximum copper assay in the interval was 4.30% copper over 0.3 meters. Two other copper assays in the interval exceeded 1% copper, including 2.65% copper over 1.6 meters and 2.12% copper over 0.60 meters. From an inclined depth of 1502 meters to the bottom of the hole at 2026.33 meters, sulfide minerals were dominated by pyrite, accompanied by minor chalcopyrite, tennantite, sphalerite, and trace molybdenite, with pyrite averaging 10% by weight over the interval.

This interval averaged 0.16% copper and 2.2 grams of silver per tonne. The average ratio of pyrite to chalcopyrite in this interval is 20:1 by weight. 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.

BS-3 was terminated when the mechanical limits of the drill were reached. The inclination of the hole steepened to over 80 degrees at the bottom of the hole, so negligible progress was being made to cross laterally through the pyrite zone and into any adjacent copper shell. Future drilling will test hypothetical supergene chalcocite that would be expected to overlie any adjacent copper shell.

Metallurgical Testing Ongoing: A composite sample of coarse assay rejects from the chalcocite-bearing (copper-bearing) interval 1302-1502 meters was shipped to SGS Lakefield lab in Ontario for a bank of scoping metallurgical studies. Chalcocite is being tested for its amenability to recovery by both froth flotation and acid leaching. Molybdenite is being tested for its amenability to concentration by froth flotation and for its rhenium content.