Click here to close now.




















Welcome!

News Feed Item

Bellhaven Adds Gold at the El Limon Target at the La Mina Project, Colombia

DENVER, COLORADO -- (Marketwire) -- 12/27/12 -- Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to report drill results from eight recent holes at the La Mina Project in Colombia (Figures 1 and 6). The first five holes tested new soil geochemical targets associated with the El Limon mineralized porphyry, north of the Middle Zone resource. Two additional holes undercut known historical mine workings on the west side of Middle Zone (an area known as the Adit Target), and finally one hole filled a gap in the deeper portions of the Middle Zone.

The program added much needed information at El Limon, where a 2011 drill hole (LMDDH-21) encountered 67m of 0.25 g/t Au. Two of the El Limon holes confirmed significant widths of alteration and mineralization within 300m of the Middle Zone resource. The Adit Target is a newly realized structure exhibiting higher-grade silver vein-type mineralization that may transition to gold-rich veins at depth. For maps showing the location of the drill holes, as well as the corresponding geologic cross sections highlighting the gold-copper intercepts, please use the following link: http://media3.marketwire.com/docs/BELL1227.pdf.

Patrick Highsmith, Bellhaven's CEO, commented on the latest drilling:

"We have improved upon the best intercept at the El Limon porphyry, but these results don't satisfy our short-term goal for the second half of 2012 of adding near-surface higher-grade mineralization around Middle Zone. There may still be resource additions at El Limon, but they are likely to come from deeper in the system. The first test of the Adit Target confirmed the presence of higher-grade silver in epithermal veins; and these veins may be indicative of deeper porphyry or gold vein mineralization. In the course of executing our systematic exploration plan, it was important to test these shallow targets that adjoin our known resources. However, early in 2013 we turn our attention to the new Garrucha discovery and the un-drilled Cristalina target."

As 2012 comes to an end, Bellhaven has just added some drill holes between La Cantera and Middle Zone, the results of which will be released in January. In early 2013, the technical team will incorporate the new ZTEM geophysical data and proceed with testing new targets at La Garrucha and Cristalina.

The table below summarizes the significant intercepts from these drill holes. There were no significant intervals in drill holes LME-1086 through -1089.


                                                                            
Table 1 - Significant New Drill-Hole Results for La Mina Gold-(Copper)      
 Project, Colombia                                                          
                                                                            
----------------------------------------------------------------------------
              From      To  Intercept     Au    Cu    Ag   AuEq             
Drill Hole     (m)     (m)        (m)  (g/t)   (%) (g/t)  (g/t)     Prospect
----------------------------------------------------------------------------
LME-1084    117.34  196.29      78.95   0.31  0.10   2.1   0.41     El Limon
----------------------------------------------------------------------------
            236.22  281.94      45.72   0.37  0.11   2.0   0.54     El Limon
----------------------------------------------------------------------------
            207.26  208.78       1.52   0.17  0.27 448.0   0.56     El Limon
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LME-1085     33.52   53.94      20.42   0.23  0.19   4.0   0.53     El Limon
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LME-1090    530.58  548.70      18.12   0.34  0.30   1.2   0.81  Middle Zone
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LME-1092    358.00  360.00        2.0   0.42  0.08 299.0   0.55  Adit Target
----------------------------------------------------------------------------
                                                                            
NOTE: Intercepts calculated using a 0.40 g/t AuEq cut-off grade. AuEq (g/t) 
= gold equivalent (g/t). AuEq (g/t) calculated assuming a long-term gold    
price of US $1200/oz and a long-term copper price of US $2.75/lb. No        
adjustment has been made for metallurgical recoveries or net-smelter returns
as these remain uncertain at this time. AuEq formula: AuEq g/t = Au g/t +   
((Cu% x 22.0462 x 2.75)/(1200/31.1035)) g/t; Ag values are not included.    
Gold and copper grades capped at 5 g/t Au and 2% Cu, respectively.          
Intercepts reported as down-hole lengths and may not represent true         
thicknesses.                                                                

Discussion of the Drill-Hole Results

The El Limon holes (LME-1084 to -1088) added considerable understanding of the complex intrusive rocks and breccias at El Limon (Figure 1). The geologists noted significant alteration over long intervals in these holes, but the intensity of mineralization remains lower than at Middle Zone and La Cantera.

The two El Limon holes with significant mineralized intervals (LME-1084 and -1085) are oriented N45W and collared approximately 100m apart on the west side of a previously noted gold and copper soil anomaly (Figures 2 and 3). The gold intercepts in those holes coincide well with the soil anomalies. While these intercepts improve upon the previously reported mineralization in LMDDH-021 (see Company news release dated April 20, 2011), later drill holes (LME-1086, -1087, and -1088) collared to the southwest did not improve upon the grade and thickness of the El Limon mineralization.

The reported high-grade silver interval in LME-1084 (1.5m at 448 g/t Ag) is associated with veinlets and brecciation including molybdenite, chalcopyrite, and possibly scheelite. This style of mineralization has been reported from the Middle Zone and La Cantera mineral systems and is thought to post-date the Au-Cu porphyry mineralization.

Based on the strong alteration observed in LME-1084, drill holes LME-1086, LME-1087, and LME-1088 were collared approximately 50m to the southwest. LME-1086 was drilled parallel to LME-1084; while LME-1087 was drilled at S45E (towards the Middle Zone) from the same platform as LME-1086. These holes encountered anomalous gold near surface, but the grade did not persist to depth (Figure 4). The geologists collared LME-1088 on the same platform but directed it S45W (Figure 5). Although this hole delivered anomalous metal values and thus helped to explain the soil anomaly, the overall intercept was below cutoff grade.

Two holes, LME-1089 and LME-1092, were the first to test an area west of the Middle Zone resource known to have historical gold workings (Figure 6). These workings reportedly included extensive development along a northeast-trending adit. The exact extent of the adit is unknown, and the entrance is now collapsed. However, locally acquired information indicates that it was in operation periodically from the 1920's to about 1970. Miners describe gold-rich shear zone oriented close to N45E. Soil anomalies in Au, As, Cu, Ag, Pb, and Sb confirm a northeasterly trend as well.

Hole LME-1089 was drilled from the NW side of the Adit Target at a bearing of S45E (cross section to be completed after receipt of assays for LME 1091). Hole LME-1092 was drilled due north from the SE side of the adit (Figure 7). These holes encountered several narrow intervals of veining, including silver assays ranging from 37 to 299 g/t and zinc assays approaching 1% over short intervals. Gold was also anomalous over a number of intervals. The veins in this area are geochemically similar to the high-grade silver veins encountered elsewhere on the project.

Hole LME-1090 is located at the same collar as LME-1092, but plunges N45E into a deep part of Middle Zone (Figure 8). It was positioned to fill a gap in the block model for this area. Results confirm the lithological transition from older volcanic rocks to the copper-rich X1 unit in this area. It exhibits a significant interval at depth, supported by high copper.


                                                                            
Table 2 - Drill Hole Location Data from this news release for La Mina Gold- 
 (Copper) Project, Colombia                                                 
                                                                            
               East      North            Azimuth  Plunge    Total          
Hole            UTM        UTM  Elevation   (deg-   (deg-   Length          
Number   Coordinate Coordinate (m.a.s.l.)   rees)   rees) (metres)  Prospect
                                                                            
LME-1084  419026.66  655487.08    1986.53     315     -55   333.75  El Limon
LME-1085  419026.95  655593.22    1917.00     315     -50   353.56  El Limon
LME-1086  418981.98  655450.14    1994.02     315     -51   284.98  El Limon
LME-1087  418984.24  655447.90    1993.80     135     -65   181.35  El Limon
LME-1088  418981.84  655448.59    1994.04     225     -51   152.70  El Limon
                                                                        Adit
LME-1089  418694.04  655043.48    1793.81     135     -51   297.18    Target
                                                                      Middle
LME-1090  418797.95  654904.12    1774.21     045     -64   596.79      Zone
                                                                        Adit
LME-1092  418796.72  654905.36    1773.63     000     -48   446.53    Target
                                                                            
m.a.s.l. = metres above sea level                                           

Laboratory Methodology and Quality Assurance

After logging, cutting, and sampling on site at the La Mina camp, Bellhaven employees transport the core samples to the sample preparation laboratory in Medellin, ALS Colombia Ltda. The lab prepares sample pulps for analysis according to industry standard methodologies and ships the pulps to ALS Laboratories in Lima, Peru and La Serena, Chile. The copper, silver and multi-element analyses are performed by a four-acid digestion and ICP-AES finish at the ALS Lima lab. The gold is determined by fire assay of a 30-gram sample with an atomic-absorption finish in Lima or La Serena, depending on laboratory workflow. Check samples are sent separately by Bellhaven to the SGS Laboratory in Lima, Peru, where they are analyzed by the same methods as listed above for ALS.

The ALS Minerals laboratory in Lima, Peru is registered to ISO 9001:2008 and has received ISO 17025:2005 accreditation for certain specific methods, such as fire assay/AA gold. The SGS laboratory in Lima, Peru, has also received accreditation to ISO/IEC 17025 for certain relevant methods. In addition to the internal QA-QC program used by these accredited laboratories, Bellhaven also maintains an independent QA-QC program that includes the use of certified standard reference materials, blanks, as well as field and pulp duplicates. The quality control data associated with these results falls within acceptable ranges for all relevant parameters.

This news release has been prepared under the supervision of Mr. Thomas J. Drown, P.Geo. Mr. Drown has more than 25 years relevant experience and is a British Columbia Professional Geoscientist. He is a senior project geologist with the Company at the La Mina Project and serves as the qualified person as defined by National Instrument 43-101.

About Bellhaven

Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to be a leader in responsible gold and copper development in Panama and Colombia. Bellhaven will focus on discovery, acquisition, and development of high-quality resources in a safe and responsible manner for the benefit of all of its stakeholders.

The Company's flagship project is the La Mina porphyry gold-(copper) project in the Middle Cauca belt of Colombia. In July 2012, the Company increased the mineral resource inventory at the La Mina Project by 60% with the announcement of an inferred resource at Middle Zone. The total La Mina resource now includes 1.6 Moz gold and 419 million pounds of copper (or 2.55 Moz gold equivalent) contained in 79.87 million tonnes averaging 0.62 g/t Au, 0.24% Cu, or a gold equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade). The Company is currently seeking to grow these resources through ongoing exploration on the La Mina concession. For more information regarding Bellhaven, please visit our website at www.bellhavencg.com.

On behalf of the board of directors,

R. Patrick Highsmith, Chief Executive Officer

BELLHAVEN COPPER & GOLD INC.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the 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.

Contacts:
Bellhaven Copper & Gold Inc.
Nico Wells
Corporate Communications
North America: +1-303-470-8700, ext 24

Contact in Panama:
Bellhaven Copper & Gold Inc.
Julio Benedetti
President/Director
Int'l No: +507-226-3967
www.bellhavencg.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...