Welcome!

Microsoft Cloud Authors: Pat Romanski, Janakiram MSV, Jnan Dash, Andreas Grabner, Lori MacVittie

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.

@ThingsExpo Stories
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often un...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
The security needs of IoT environments require a strong, proven approach to maintain security, 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, vic...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, will discuss how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees will learn how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He will also look at what good leadership must entail in order to accomplish this, and how IT managers ca...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.