SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (18101)4/21/2008 10:29:52 AM
From: LoneClone  Read Replies (1) | Respond to of 193371
 
Bellhaven Copper & Gold Discovers New Mineralized Zone at the Cerro Quema Gold Project
Mon Apr 21, 8:32 AM

ca.news.finance.yahoo.com

PANAMA CITY, Panama, April 21 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce the discovery of a new mineralized zone at its 100% owned Cerro Quema Gold Project in the southern Azuero Peninsula of Panama.

The new zone was discovered during a geo-tech and condemnation drill program that commenced in early March, 2008. As part of the 1400 meter program, eight (8) diamond drill holes were drilled along the north flank of the Cerro Quema ridge between the La Pava and Quemita gold deposits. Several of these holes encountered strong silica-clay alteration in mineralized dacite breccias. In the drill core the mineralized breccias are similar to the ore zones at La Pava and Quemita.

Based on drill hole intercepts and limited surface exposures, the new mineralized zone appears to have a strike length of at least 800 meters, widths of up to 200 meters, and an oxide zone of up to 60 meters in depth (from the surface). Several of the holes bottomed in strong sulfide mineralization. The drill core is currently being sampled and sent for assaying to the SGS Lab in Lima, Peru.


Julio Benedetti, Bellhaven's President and CEO had this to say:


"These drill holes indicate the presence of significant additional mineralization at Cerro Quema and serve to create continuity between the existing deposits. The drill core, which was taken from the area immediately adjacent and between the two proven ore bodies (which now seem to be one larger, continuous body), is very similar to what we have observed throughout the known deposit. We are confident that the reserves will continue to grow as we work toward fully developing the project."

Cerro Quema is a wholly owned and fully permitted gold project set to go online in Q4 2009. The fully owned property is located on Panama's highly prospective Azuero Peninsula amidst 500 plus kilometres of Bellhaven concessions. Current measured and indicated mineral resources at Cerro Quema are 451,400 ozs.


About Bellhaven Copper & Gold


Bellhaven Copper and Gold is Panama's leading exploration company. Bellhaven controls highly prospective gold and copper concessions, totaling over 500 square kilometers, that are located in some of the most mineral-rich regions in the country. Gold has been mined in Panama as far back as the 1500's, when the Spanish extracted a million ounces of high-grade ore from the Cana mine. During modern times, the Santa Rosa and Remance gold mines operated during the 1990's and the Molejon Gold Project is scheduled to come online in 2008. Bellhaven's Cerro Quema project is slated for production in 2009. Adding greatly to the strength of the Company is the fact that many of its senior management and board members are residents and/or citizens of Panama. These individuals have a record of success and achievement, and enjoy excellent working relationships with the government, the native Indian tribes, and within the worldwide mining community.

On behalf of the board of directors,


Julio C. Benedetti, President, CEO
BELLHAVEN COPPER AND GOLD, INC.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts

Corporate
Julio Benedetti
+011(507) 226-3967

or Investor Relations
Miguel Villahermosa
1-866-599-5930
or AGORACOM Investor Relations
agoracom.com Web Site: bellhavencg.com