PANAMA CITY, Sept. 25 /CNW/ -- Bellhaven Copper & Gold, Inc.
(TSX-Venture: BHV) (Bellhaven or the Company) announces that it has been
granted three licenses (metallic exploration concessions) covering 6,440
hectares in the Department (Province) of Bolivar, Colombia approximately 275
kilometers from the Atlantic port city of Cartagena. The three licenses are
located in the San Lucas Mountain Range in the Southern Bolivar Mineral Belt.
The Southern Bolivar Mineral Belt extends along a NE-SW trend for more than
150 kilometers. The belt ranges from 15 to 25 kilometers in width and is
nearly coincident with the San Lucas Range.
Hundreds of small prospects and artisanal mine workings are located
within this belt, and are generally characterized by a series of northeast
striking, steeply dipping, shear hosted, quartz-sulfide veins with variable
widths (0.5 to 3 meters). These veins are mined exclusively in the
oxide/gossan zones by the artisanal miners that extract only the high-grade
(+25 g/t Au) free gold. Little to nothing is done with high-grade (+25 g/t Au)
sulfide ore, and oxide material in the 1 to 10 g/t gold range that
characterizes large parts of the vein structure and adjacent wallrocks. In
the San Martin de Loba area the shear/veins are hosted in medium to coarse
grained, quartz monzonite/tonalite with 1 to 4 meter alteration
(quartz-sericite-pyrite) envelopes. In the San Lucas area the veins
(fissure/feeder zones) are hosted in a thick (+300 meters) package of dacitic
to andesitic volcanics (pyroclastic and flow rocks) with an extensive area of
silicic-argillic alteration and disseminated pyrite mineralization.
Prospects throughout the San Lucas Range are found in a sequence of
volcanic rocks (composed of dacitic to andesitic crystal tuffs, tuff breccias
and flows) that begins at an elevation of 150 mts above msl and extends up to
the main summit ridge, were numerous artisanal mining camps are located. These
camps appear to be located along the oxide zones of outcropping fissure/feeder
vein structures that contain high grade (+25 g/t Au) gold mineralization.
Argillic and silicic-argillic alteration of the pyroclastic volcanic rocks are
observed over a large (+10 square kilometers) area. Disseminated sulfides
(iron oxides after pyrite) are common within this extensive alteration zone.
Bellhaven's preliminary surface exploration of 29 samples of altered outcrops
and artisanal workings have returned assay values that average 15 g/t gold and
53 g/t silver. Nearly 50% of the surface samples have assay results greater
than 10 g/t gold, and 25% of the samples have assays greater than 25 g/t gold
and 50 g/t silver.
Julio Benedetti, President & CEO had the following comments:
These three licenses cover a central portion in the San Lucas Trend. Our
surface sampling has provided confirmation of the extension of mineralization
beyond the high grade artisanal mining areas, adding considerable size to the
surface mineralization expressions.
We are preparing a complete exploration program which will include
additional and extensive geochemical testing, geophysics, and if warranted,
drilling. We look to commence fieldwork on this highly prospective
mineralized belt ASAP.
This news release has been prepared under the supervision of Michael D.
Druecker, Ph.D., P.Geo. who serves as the Qualified Person as defined by
National Instrument 43-101 responsible for ensuring that the geological
information in this release is accurate.
Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration and
development company with a portfolio of gold and copper properties in the
Republics of Panama and Colombia. The company has 31.479 Million shares issued
and outstanding. For more information, please visit the web site at
http://www.bellhavencg.com or call Patrick Abraham in Panama at 011-507-340-
On behalf of the board of directors,
Julio C. Benedetti,
Forward Looking Statements: Some statements in this news release contain
forward-looking information. These statements include, but are not limited to,
statements with respect to the completion of transactions, the timing and
amount of issuances of securities and the uses of proceeds. These statements
address future events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the statements.
Such factors include, among others, the ability to complete contemplated
transactions and share issuances and the uses of proceeds.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Corporate Contact: Investor Relations Contact:
Julio Benedetti Patrick Abraham
Int'l No: +507-226-3967 Int'l No: +507-340-9501
For further information:
For further information: Corporate, Julio Benedetti, +507-226-3967, or
Investor Relations, Patrick Abraham, +507-340-9501, both of Bellhaven Copper &
Gold, Inc. Web Site: http://www.bellhavencg.com