Bell Copper (BCU.V) and its joint venture partner Rio Tinto (RIO) have initiated a second phase drill program at the Kabba copper project in Arizona. The JV partners are testing the theory of Bell Copper’s CEO, Tim Marsh, there might be a large copper porphyry system beneath the surface.
A first phase drill program was completed in September and all (five) holes intersected oxidized and leached capping and although we’re still waiting for the company to publish its assay results, Rio Tinto must have liked what it saw as it made the decision to immediately drill more holes at Kabba.
We will try to catch up with CEO Marsh in Vancouver later this month to get an extensive update. Meanwhile, the market seems to have woken up after the recent copper price rally as Bell Copper is currently trading at C$0.135 (coming from C$0.20 just a few days ago), which is respectively 135% and 59% higher than the company’s share price when our first report was released in July.