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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Jimsy who wrote (6743)	6/30/1998 9:31:00 PM
From: Dan Modi	Read Replies (1) \| Respond to of 26850

Attention Business Editors: BELL COAST CAPITAL CORP. ANNOUNCES COMPLETION OF THE FIRST PHASE OF AN EXPLORATORY DRILL PROGRAM ON ITS COPALQUIN PROPERTY IN DURANGO, MEXICO VANCOUVER, June 30 /CNW/ - Bell Coast Capital Corp. VSE Trading Symbol: BCP Bell Coast Capital Corp. (the ''Company'') has completed the first phase of an exploratory drill program testing widespread gold and silver anomalies on its 100% optioned Copalquin property in Durango, Mexico. Shallow angle diamond core NQ holes totaling 600 meters were drilled over a 2 kilometer area to test flat-lying near surface quartz breccia zones. This approach was designed to intercept as many zones as possible and gather enough data to more accurately locate holes during the second phase of drilling. The program was a result of extensive mapping and sampling programs recently conducted by the Company which identified strong precious metal geochemical soil anomalies and confirmed underground values. The Company splits the drill core of potentially mineralized zones and stores these and other sections for future retesting. Diamond drilling was carried out by Boart Longyear and assaying by Chemex Labs Ltd. of North Vancouver, B.C. Three holes were drilled on the El Cometa zone. EC-1 was abandoned after encountering drill problems at 40 meters. EC-2 was drilled with a 45 degree angle and intersected a mineralized zone at 25 meters vertical depth with results summarized in the table below. Microscopic observations of the core reveals fine-grained disseminated free gold occurring within the fault zone and within smoky quartz and open fractures in the adjacent wall rock. El Cometa was originally considered a low grade bulk tonnage target within flat lying quartz breccia. The hole intersected 25 meters of quartz breccia overlain by 15 meters of andesite breccia. The high grades occur in a vertical fault zone crosscutting the horizontal low grade quartz breccia. This interpretation is based on historical work of 80 meters of drifts, crosscuts and small production stopes observed in the El Cometa mine. Tunnels follow the flat lying quartz breccia and raise up on gold and silver enriched vertical structures. Underground workings also exist at the Refugio Mine located 700 meters west of the El Cometa. This mine also follows a flat lying quartz breccia and then raises up on crosscutting vertical structures grading in excess 0.3 oz/ton (10 grams/ton). The El Cometa area lies along a gold and silver geochemical anomaly which extends to the North and East for 400 meters. The anomaly is truncated toward the Refugio mine by a crest of caprock on the ridge. Geological mapping has identified the flat lying quartz breccia along the southern edge of the Refugio mine. << El Cometa No.2 Assayed Results ---------------------------------------------------------------------- Sample Sample Depth (m) Interval Gold Gold Silver Silver Number from to (m) g/t oz/t g/t oz/t ---------------------------------------------------------------------- 204 13.15 14.60 1.45 0.01 0.000 3.00 0.09 205 14.60 16.20 1.60 0.06 0.002 4.70 0.14 206 16.20 18.00 1.80 0.32 0.009 46.50 1.36 207 18.00 20.30 2.30 0.02 0.001 4.50 0.13 208 20.30 21.85 1.55 0.11 0.003 7.40 0.22 209 21.85 23.35 1.50 0.39 0.011 26.00 0.76 250 23.35 24.90 1.55 0.09 0.002 6.80 0.20 210 24.90 26.40 1.50 0.50 0.015 49.50 1.44 211 26.40 27.95 1.55 0.13 0.004 4.00 0.12 212 27.95 29.35 1.40 0.09 0.002 7.30 0.21 213 29.35 30.35 1.00 0.04 0.001 4.60 0.13 214 30.35 31.10 0.75 0.05 0.001 3.40 0.10 251 31.10 32.50 1.40 0.17 0.005 8.20 0.24 215 32.50 33.60 1.10 0.04 0.001 11.50 0.34 216 33.60 34.75 1.15 1.43 0.042 45.00 1.31 217 34.75 35.75 1.00 1.94 0.057 85.00 2.48 218 35.75 36.75 1.00 4.65 0.136 156.00 4.55 219 36.75 37.50 0.75 38.19 1.114 879.00 25.64 220 37.50 38.05 0.55 13.54 0.395 1,220.00 35.58 221 38.05 38.95 0.90 949.40 27.691 7,813.00 227.88 222 38.95 39.75 0.80 104.25 3.041 605.00 17.65 223 39.75 40.95 1.20 0.80 0.023 35.20 1.03 224 40.95 42.15 1.20 3.00 0.087 21.50 0.63 225 42.15 43.35 1.20 0.33 0.010 17.50 0.51 226 43.35 44.35 1.00 0.31 0.009 50.00 1.46 227 44.35 45.35 1.00 0.23 0.007 18.80 0.55 228 45.35 46.35 1.00 4.20 0.122 33.20 0.97 229 46.35 46.85 0.50 0.30 0.009 45.00 1.31 230 46.85 48.35 1.50 0.07 0.002 4.60 0.13 231 48.35 49.85 1.50 0.03 0.001 3.10 0.09 232 49.85 51.15 1.30 0.04 0.001 1.60 0.05 233 51.15 52.65 1.50 0.04 0.001 1.20 0.03 234 52.65 54.15 1.50 0.01 0.000 0.60 0.02 >> Peter Leriche, P.Geo., of Reliance Geological Services calculated the following weighted average gold and silver grades. << Gold From To Interval Actual Cutting factor (35 g/T) (meters) (meters) (meters) ---------------------------------------- g/T oz/t g/T oz/t --------------------------------------------------------------------- 33.60 46.85 13.25 74.87 2.184 8.40 0.245 33.60 42.15 8.55 115.41 3.366 12.40 0.362 36.75 39.75 3.00 324.65 9.469 31.07 0.906 Silver Actual Cutting factor (50 g/T) ----------------------------------------- g/T oz/t g/T oz/t ----------------------------------------- 705.83 20.587 151.42 4.416 1076.81 31.407 217.64 6.348 2948.65 86.002 500.00 14.583 >> A cutting factor of 35 g/T gold and 500 g/T silver was used. Mr. Leriche was used solely to calculate weighted average gold and silver grades over drilled intervals. The Company intends to test the 700 meter long by 400 meter wide anomalous ridge area between these two historic mines. Holes will be drilled in an east-west direction at a 45 degree angle to intercept the vertical fault zones and gather enough data to establish a concise geological model. So far, results are indicating that the predominant mineralized structures occur as a series of roughly parallel North-South high angle fault zones. A third hole, EC-3, located 50 meters to the northeast of EC-1 and drilled south, intersected an average of 0.2 gr/ton over 15 meters within 25 meters of horizontal quartz breccia. This hole is interpreted to have been drilled parallel to (along strike) the high-grade mineralized North-South high angle fault encountered in hole EC-2. One hole was drilled in the area of the La Soledad mine but was abandoned at 60 meters before intersecting the target area due to lost circulation. Three other holes drilled 2 kms east of the El Cometa zone intersected low precious metal values. Given the very favourable results encountered in drill hole EC-2, the Company will re-commence the drilling program immediately. An attempt will be made to establish vertical and horizontal continuity of the El Cometa zone and determine its relationship with the previously mined Refugio zone. On Behalf of the Board of Directors Bell Coast Capital Corp. _____________ Rahoul Sharan President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.