Bell Announces Tetra Tech Selected for La Balsa Feasibility Study and Board Changes

TSX-V Symbol: BCU

VANCOUVER, Jan. 14 /CNW Telbec/ - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) is pleased to announce that Tetra Tech Inc. ("Tetra Tech") has been awarded the contract to lead the Feasibility Study ("FS") on the Company's La Balsa Project. La Balsa is a 100% owned project located in the State of Michoacán, Mexico, which the Company has been developing for copper production since 2005. The FS will incorporate all scoping work and engineering completed to date, and will advance the remaining work to FS standards.  This prior work on the project includes the 2008 43-101 resource study (confirming a measured and indicated resource of 11.4 million tons at an average copper grade of 0.77% for 194 million pounds of contained copper) and the 2010 Scoping Study (which projected low cash operating costs (US $0.81/lb) over a seven year life through a combination of SX/EW and subsequent flotation processing methods). The FS is expected to be completed within the third quarter of 2011 at a cost of approximately $1.2 million.

Tetra Tech is a leading provider of consulting, engineering, and technical services, with approximately 12,000 employees located in more than 330 offices worldwide.  Tetra Tech's office in Tucson will be the lead office for the FS.  Other consultants performing specialist roles for the FS include Metcon Research, which will be undertaking supplemental metallurgical test work to expand upon their previous test-work on the deposit.  Metcon Research is an international consulting group that delivers a broad range of services including analytical testing, metallurgical research, and process engineering design for the global mining industry.  Metcon's past work at La Balsa has been excellent and their experience with the project will help facilitate the rapid completion of the FS.

The Company is also pleased to announce that Mr. Keith Droste has joined the Board of Directors of the Company.  As the Company seeks to transition itself into an operating company, Mr. Droste's +40 years experience in ore reserve estimation, mine planning, mine development, environmental permitting and mine operations (for both base and precious metals) will be a welcome addition to Board. Key positions held by Mr. Droste over his career include Director of Acquisitions of FMC Gold, General Manager of Inspiration Gold, Manager of New Mine Development for Hecla Mining, Executive Director of the Saudi Arabian Mining Company, General Manager of Day Mines, Director of Special Projects for Kennecott, and President of the Northwest Mining Association.

The Company has also accepted the resignation of Dr. Geoff Snow and Mr. Chad Boyko from its Board of Directors of the Company. The Company wishes to thank Mr. Snow and Mr. Boyko for their contributions and wish them the best in their future endeavours.  Following these changes, the reduced board is now comprised of Dr. Michael Werner (CEO), Mr. Gord Fretwell (Corporate Secretary and Counsel) along with the independent members Mr. Richard Ternieden, Mr. William Harper and Mr. Keith Droste.

Subject to regulatory approval, the Company also announces that it has issued 1,000,000 stock options to directors and officers exercisable at $0.30 for five years.

About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development and production in North America. The Company has an extensive portfolio of exploration and development projects located in some of North America's premier copper producing regions including Mexico and the Southwestern US.

More information on Bell Copper: www.bellcopper.net

On behalf of the Board of Directors of
Bell Copper Corporation

"Michael Werner"

Michael Werner, CEO & Director

 

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."


SOURCE BELL COPPER CORPORATION

For further information:

Bell Copper Corporation       Renmark Financial Communications Inc.
         
Sarah Ducharme
Executive Assistant
Tel.: (604) 669-1484
info@bellcopper.net
www.bellcopper.net
 
      Christine Stewart:
cstewart@renmarkfinancial.com
Jason Roy:
jroy@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

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BELL COPPER CORPORATION

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