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
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that CollabNet (www.collabnet.com) a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The CEO of CollabNet Flint Brenton will also present about DevOps challenges in today’s global, open, and heterogeneous world of software development.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...