Bema Gold Corporation: High Grade Drill Results from the Kupol Property, Russia
Wednesday August 13, 4:07 pm ET
biz.yahoo.com
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 13, 2003--Bema Gold Corporation
("Bema") announces further high grade drill results from the Kupol Property in Chukotka, Far
East Russia. A total of 116 holes totaling 15,100 metres, have been drilled on the property to
date. Over 90% of the drill holes have intersected the mineralized epithermal vein system, which
now extends over 2.8 kilometres of strike length and to a depth of at least 250 metres. The
system remains open along strike to the north and south, and to depth. Please refer to
www.bema.com for a drill hole location map and a long section of the Kupol property.
Assay results have been received for the first 56 holes (16 of which were previously released)
which have been drilled along 2100 metres of strike length and to varying depths with the
deepest holes being approximately 250 metres. Some of the highlights from the new holes are:
hole 47 which intersected 16.80 metres averaging 43.40 grams per tonne (g/t) gold and 330.60
g/t silver; hole 49 which intersected 24.50 metres averaging 41.68 g/t gold and 499.18 g/t silver;
and hole 56 which intersected 13.35 metres averaging 45.92 g/t gold and 281.86 g/t silver in the
zone. Drilling to date on the Kupol epithermal system has identified 4 continuous zones; the
Big Bend Zone, the Central Zone, the North Zone and the South Zone.
Detailed assay results from all 56 holes are summarized by zone below. Drill hole locations, a
summary of Bema's lab procedures and QAQC (Quality Assurance Quality Control) are on the
last page.
The Big Bend Zone is located at a flexure in the main structure and hosts the most significant
intersections to date. The zone is a single wide ore shoot which extends over 500 metres of
strike length and to a depth of at least 250 meters. Further drilling this year on the Big Bend
Zone will consist of 100 by 100 metre spacing some 50 by 50 metre infill and further drilling to
depth. Below are assay results from all holes drilled on the Big Bend Zone to date.
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BB HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03-01(1) 6.20 15.70 9.50 24.13 186.94
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Includes 7.50 11.35 3.85 50.98 406.04
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KP03-03(1) 152.00 167.10 15.10 14.95 181.21
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Includes 158.60 163.75 5.15 27.05 343.44
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KP03-04(1) 148.30 178.20 29.90 27.97 220.90
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Includes 162.60 175.70 13.10 56.99 445.24
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KP03-05(1) 173.55 186.00 12.45 20.85 318.99
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Includes 176.90 183.20 6.30 35.05 595.69
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KP03-06(1) 230.60 243.45 12.85 36.43 370.67
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Includes 238.00 241.00 3.00 87.69 709.53
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KP03-07(1) 14.90 30.40 15.50 43.76 441.18
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Includes 21.30 27.40 6.10 61.17 496.80
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KP03-08(1) 308.4 313.0 4.60 14.07 111.37
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KP03-09(1) 102.50 120.80 18.30 65.05 1021.27
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Includes 113.00 117.00 4.00 143.75 1984.13
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KP03-11(1) 148.90 172.70 23.80 27.04 426.49
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Includes 157.40 164.20 6.80 50.87 1063.14
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KP03-15(1) 26.45 37.60 11.15 36.37 268.11
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KP03-18 36.35 47.05 10.70 27.16 363.76
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KP03-20 81.50 90.50 9.00 17.35 179.87
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KP03-23 161.00 166.20 5.20 18.88 338.79
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KP03-28 59.65 70.35 10.70 15.96 245.79
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KP03-34 Dyked out
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KP03-41 146.50 147.60 1.10 76.37 1522.73 Partly dyked
out
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KP03-49 74.10 98.60 24.50 41.68 499.18
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includes 74.10 77.60 3.50 106.55 1854.37
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KP03-53 16.40 21.80 5.40 21.43 204.91
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KP03-54 43.90 48.30 4.40 32.23 165.19
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KP03-56 60.65 74.00 13.35 45.92 281.86
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Note: hole 52 abandoned.
(1) previously released holes
The Central Zone occurs over 800 metres of strike length and appears to contain several smaller
ore shoots within a lower grade background. The better holes include; hole 39A with 34.72g/t
gold and 178.93 g/t silver over 8.45 metres. Hole 27 is an example of a background hole with
6.48g/t gold and 58.01g/t silver over 25.8 metres. Tighter spaced drilling will be carried out at a
later date to further define the shoots in this area. Assay results from all holes drilled in the
Central Zone are as follows.
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CZ HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03-02(1) 10.70 18.40 7.70 27.04 580.54
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includes 10.70 15.30 4.60 39.92 912.26
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KP03-14(1) 111.85 114.65 2.80 3.44 38.63
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KP03-19 181.20 198.70 17.50 9.47 113.64
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KP03-21 4.90 8.35 3.45 13.43 146.42
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KP03-22 69.10 73.95 4.85 31.74 216.04
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KP03-26 101.70 102.70 1.00 2.86 57.34
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KP03-27 41.85 67.65 25.80 6.48 58.01
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KP03-29A 106.50 113.10 6.60 22.92 288.23
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KP03-32 85.10 103.20 18.10 8.40 204.53
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Includes 85.10 87.40 2.30 28.46 1127.68
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KP03-33 5.40 9.30 3.90 18.05 127.37
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KP03-35 63.63 66.90 3.27 4.87 189.10
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KP03-39A 42.70 58.4 14.70 21.65 138.71
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Includes 47.15 55.60 8.45 34.72 178.93
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KP03-43A 57.25 63.80 6.55 18.39 257.21
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KP03-55 100.7 105.1 4.40 35.26 122.42
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(1) previously released holes
The North Zone extends at least 250 metres north of 2800 north and remains open. Two holes,
47 and 51A appear to outline the start of another major ore shoot which is open down dip and to
the north. Assay results from all holes drilled in the North Zone are as follows.
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NZ HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03-12(1) 14.20 21.00 6.80 25.72 344.71
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KP03-17 48.50 56.30 7.80 14.50 161.34
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includes 53.75 56.30 2.55 30.38 348.31
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KP03-24 14.30 22.90 8.60 8.93 119.46
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KP03-36 118.57 124.70 6.13 22.10 474.32
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includes 122.40 124.70 2.30 42.14 937.64
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KP03-38 247.00 250.60 3.60 8.58 189.79
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KP03-44 103.60 104.70 1.10 15.27 416.79
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plus 108.80 113.55 4.75 9.81 81.22 Parallel vein
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plus 156.08 158.70 2.62 12.39 316.85 Parallel vein
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KP03-47 110.30 127.10 16.80 43.40 330.60
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plus 46.90 154.5 7.60 22.06 132.14 Parallel vein
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KP03-50 75.50 77.70 2.20 15.17 293.01
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plus 81.40 88.40 7.00 8.95 87.99 Parallel vein
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plus 108.50 112.20 3.70 16.77 587.35 Parallel vein
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KP03-51A 145.80 157.50 11.70 12.97 150.72
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Note: hole 48 abandoned.
(1) previously released holes
The South Zone extends for at least 500 metres to the south and remains open. A third ore
shoot appears to be developing around holes 42A and 31 with grades of 33.26 g/t gold and
356.74 g/t silver over 7.5 metres in hole 42A and 14.64 g/t gold and 129.07 g/t silver over 6.8
metres in hole 31. Assay results from all holes drilled in the South Zone are as follows.
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SZ HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03-13 (1) 41.90 43.75 1.85 8.51 62.09
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KP03-10 (1) 23.10 24.10 1.00 5.50 29.40
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KP03-16 (1) 23.80 31.80 8.00 18.08 65.36
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plus 41.50 45.20 3.70 9.65 100.93 Parallel vein
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KP03-25 74.00 78.60 4.60 6.58 90.41
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KP03-30 132.70 136.70 4.00 8.05 86.30
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KP03-31 63.40 70.20 6.80 14.64 129.07
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KP03-37 24.00 25.70 1.70 4.20 39.95
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KP03-40 14.20 16.20 2.00 11.23 497.84
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plus 42.80 48.40 5.60 6.70 34.71 Parallel vein
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KP03-42A 60.00 67.50 7.50 33.26 356.74
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plus 88.40 93.70 5.30 18.05 507.53 Parallel vein
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KP03-45 139.45 141.45 2.00 12.31 78.79
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plus 143.25 145.25 2.00 10.36 50.45 Parallel vein
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KP03-46 296.70 303.0 6.30 8.26 115.47
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(1) previously released holes
These results confirm that the Kupol property hosts a multi-million ounce high grade gold and
silver deposit. A total of 26,000 metres of drilling will be completed in 2003, utilizing two
Canadian and two Russian drill rigs. The remainder of the drilling will focus on determining the
edges of the mineralized zone, further testing to depth, further defining of the high grade ore
shoots and drilling the entire zone at 100 metre centres. More assay results will be released as
they become available.
In addition to drilling Bema has commenced metallurgical test work, baseline engineering,
hydrological and environmental studies on the Kupol project.
The Kupol Project is a joint venture between Bema and the Government of Chukotka. Bema has
the option to purchase a 75% interest in the property from the government.
On behalf of BEMA GOLD CORPORATION
Clive T. Johnson, Chairman, C.E.O., & President
The following table shows the location of the drill holes:
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LOCATION LOCATION LOCATION AZI-
HOLE-ID X Y Z LENGTH SECTION MUTH DIP
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KP03-001 29436362.60 7411833.91 645.30 34.97 1825N 270 -55
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KP03-002 29436355.56 7412597.61 654.35 37.82 2600N 270 -55
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KP03-003 29436488.52 7411889.59 648.87 178.61 1900N 270 -53
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KP03-004 29436480.77 7411989.23 655.21 184.82 2000N 270 -59
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KP03-005 29436488.52 7411889.59 648.87 285.93 1890N 270 -67
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KP03-006 29436549.44 7411990.17 652.37 273.21 2000N 270 -55
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KP03-007 29436350.40 7411683.46 611.28 72.54 1685N 270 -53
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KP03-008 29436550.05 7411990.17 652.37 370.33 2000N 270 -69
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KP03-009 29436403.86 7411682.16 609.20 132.59 1675N 270 -55
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KP03-010 29436252.05 7411265.85 559.04 50.8 1275N 270 -55
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KP03-011 29436404.44 7411682.16 609.20 196.8 1675N 270 -69
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KP03-012 29436317.71 7412920.75 631.78 49 2925N 270 -55
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KP03-013 29436201.25 7411300.08 574.01 67 1300N 270 -55
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KP03-014 29436478.92 7412277.39 653.11 160.63 2275N 270 -55
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KP03-015 29436363.86 7411744.11 623.03 62.48 1750N 270 -55
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KP03-016 29436275.64 7411387.11 570.51 102.8 1390N 270 -55
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KP03-017 29436350.00 7412920.00 626.06 80.9 2925N 270 -55
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KP03-018 29436335.21 7411604.47 599.90 62.18 1600N 270 -55
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KP03-019 29436479.77 7412277.39 652.81 215.49 2275N 270 -74
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KP03-020 29436370.26 7411605.45 597.07 99.36 1600N 270 -56
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KP03-021 29436386.94 7412270.71 657.17 29.57 2275N 270 -54
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KP03-022 29436424.28 7412172.74 659.20 98.45 2175N 270 -54
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KP03-023 29436411.35 7411608.22 597.07 189.59 1600N 270 -64
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KP03-024 29436345.70 7412824.91 637.28 39.8 2825N 270 -55
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KP03-025 29436279.97 7411321.92 560.11 128 1325N 270 -55
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KP03-026 29436482.17 7412388.95 651.34 150.9 2400N 270 -55
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KP03-027 29436394.82 7412682.67 645.76 104 2675N 270 -55
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KP03-028 29436333.26 7411496.32 581.44 99.36 1500N 270 -55
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KP03-029 29436435.42 7412550.25 655.88 63.8 2550N 270 -55
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KP03-029A 29436436.31 7412550.22 655.86 144.8 2550N 270 -55
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KP03-030 29436330.56 7411390.05 566.00 198.7 1400N 270 -60
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KP03-031 29436244.03 7411168.11 539.98 131.3 1175N 270 -55
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KP03-032 29436413.95 7412683.37 643.78 133.2 2670N 270 -61
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KP03-033 29436361.65 7412452.12 661.62 27.7 2450N 270 -55
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KP03-034 29436479.99 7411677.82 613.95 351.13 1675N 270 -65
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KP03-035 29436412.29 7412450.04 658.78 75.7 2450N 270 -55
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KP03-036 29436403.72 7412837.44 629.58 160.6 2825N 270 -55
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KP03-037 29436158.82 7411205.00 551.62 68.8 1200N 270 -55
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KP03-038 29436450.03 7412922.51 618.53 251.16 2917N 270 -60
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KP03-039 29436402.15 7412383.98 656.83 8.2 2375N 270 -55
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KP03-039A 29436411.05 7412383.29 657.17 65.1 2375N 270 -55
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KP03-040 29436121.74 7411050.03 539.76 80.4 1050N 270 -55
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KP03-041 29436388.92 7411495.62 578.92 161.54 1500N 270 -60
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KP03-042 29436167.95 7411050.96 539.81 50.5 1050N 270 -55
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KP03-042A 29436168.00 7411062.11 537.55 154 1062N 270 -55
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KP03-043 29436392.34 7412549.72 656.97 46.3 2550N 270 -55
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KP03-043A 29436398.13 7412550.84 656.27 98.5 2550N 270 -55
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KP03-044 29436384.27 7412921.92 620.99 194.13 2917N 270 -63
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KP03-045 29436322.03 7411264.22 549.99 192.33 1275N 270 -55
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KP03-046 29436404.09 7411263.26 544.59 333.15 1275N 270 -55
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KP03-047 29436421.08 7413002.94 610.62 190.5 3000N 270 -60
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KP03-048 29436504.06 7413002.22 609.66 211.53 3000N 270 -60
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KP03-049 29436391.27 7411742.11 624.22 123.75 1750N 270 -65
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KP03-050 29436388.21 7412855.11 628.26 155 2850N 270 -55
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KP03-051 29436457.81 7413094.39 598.33 35.05 3100N 270 -55
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KP03-051A 29436457.81 7413094.39 598.33 175.87 3090N 270 -60
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KP03-052 29436428.92 7411741.91 623.96 79.49 1750N 270 -64
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KP03-052A 29436423 7411742 624 181.6 1750N 270 -64
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KP03-053 29436362.94 7411798.57 637.65 38.1 1800N 270 -54
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KP03-054 29436391.91 7411791.35 620.72 68.9 1800N 270 -55
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KP03-055 29436422.40 7412599.30 651.47 145.39 2600N 270 -55
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KP03-056 29436392.66 7411791.35 620.81 93.27 1800N 270 -70
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Bema has installed an on site preparation and fire assay laboratory due to the project's remote
location. The lab is managed by an experienced Russian fire assayer and overseen by an
independent consultant. Bema has also retained Smee and Associates Consulting Ltd. to
ensure the lab is operated to the level of North American standards and that a comprehensive
quality control program is run by the lab. The Kupol lab is operated as an independent lab and
no Bema personnel are permitted unsupervised access. Drill samples have been prepped on
site under the supervision of the independent North American consultant and reviewed on site
by Barry Smee who visited the site during lab start-up. Samples are crushed in two passes
within a jaw crusher to 80% passing 2 mm. Approximately 1000 grams are split off the coarse
crush and pulverized to 95% passing 150 mesh. A 200 gram pulverized sample is split and
packaged for the analytical lab.
Due to initial problems with the fire assay furnace on site, samples from the first 16 drill holes
have been assayed at the Julietta Mine site laboratory. In addition duplicate pulp samples from
the first 5 holes are being asssayed in Vancouver by Assayers Labs. All results released in this
news release have been validated by our Quality Control Program (QC) which has been
designed in concert with Smee and Associates to meet or exceed the requirements of NI
43-101. This QC program includes the use of certified standard reference samples, coarse field
blank material and duplicate sampling. Tom Garagan, Vice President of Exploration, is the
Qualified Person for this exploration project.
Bema Gold Corporation trades on The Toronto and American stock exchanges. Symbol: BGO.
Some of the statements contained in this release are forward-looking statements, such as
estimates and statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or
result to occur. Since forward-looking statements address future events and conditions, by their
very nature, they involve inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such statements. |
