PANAMA CITY, April 19 /CNW/ -- Bellhaven Copper & Gold, Inc.
(TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that
it has completed a two year (2005-2006) exploration program within one
concession and six applications covering a nearly contiguous area of
approximately 57,118 hectares. These highly prospective properties located on
the Azuero Peninsula represent the potential to host a gold district of
considerable size within a similar geologic setting to that which hosts the
world-class Pueblo Viejo deposit in the Dominican Republic.
The exploration program carried out at the Azuero property consisted of
extensive rock, soil and stream sediment sampling, trenching, and geologic
mapping and resulted in the generation of three drill-ready targets. These
drill targets, the Bejucosa Target, Caracucho Target, and Cementerio Target
are located within a 1km radius, within the Pitaloza concession and will
target epithermal, high-sulfidation gold. A six (6) hole, 1000 meter diamond
drilling program is proposed for the Bejucosa Target, and a combined six (6)
hole, 1000 meter diamond drilling program is proposed for the Caracucho and
Julio Benedetti, Bellhaven's President and CEO said:
"We are very pleased to provide this update having identified these
highly prospective targets in the historically rich Azuero belt. We will
continue to make progress in this region over the course of 2007-identifying
yet more targets as well as possible joint venture partners to help develop
the property package."
Exploration work at Bejucosa in 2005 and 2006 consisted of geologic
mapping, geochemical sampling, and trenching. Initial ridge and spur rock
sampling over the large alteration zone at the Bejucosa prospect returned
several assays with greater than 1 g/t Au. Highlights from trenching at
Bejucosa (see Feb. 22, 2006 news release) include 52 meters of 2.3 g/t gold
and 12 meters of 8.9 g/t gold including 4 meters of 25 g/t gold.
The proposed diamond core drill program at the Bejucosa Target will test
at least two mineralized zones from the surface to depth, to target high-
sulfidation gold mineralization within siliceous core zones associated with
advanced argillic alteration in the host pyroclastic volcanic unit. The
outcropping pyroclastic rocks are an ideal host for the development of bulk-
tonnage, disseminated gold mineralization-similar to what exists at the Cerro
Quema Gold deposit (Measured and Indicated Resource of 464,744 oz. gold)
located about 20 kilometers southeast of the Bejucosa prospect. A six (6)
drill hole, 1000 meter diamond core drill program is proposed to test the
Exploration work carried out by Aurum in 2005 and 2006 at Caracucho
consisted of additional geologic mapping and limited soil/rock geochemical
sampling within and around the prospects. Additionally, staff compiled and
transferred the previous "paper-copy" data on the properties into a digital
GIS database. Reinterpretation of this database suggests that the previous
drill program (shallow, vertical holes) did not adequately test the gold
mineralized structures near-surface or at depth. Several of the drill holes
at Caracucho bottomed (30 to 40 meters depth) in ore grade gold
mineralization. Reinterpretation of the eastern drill holes suggests that
previous drilling may have penetrated into a new zone of gold mineralization
along the east flank of the structure.
The proposed diamond core drill program at the Caracucho Target will test
several mineralized structure zones from the surface to a proposed depth of
150 meters. A fence of angle core holes will target high-sulfidation gold
mineralization within siliceous core zones.
Exploration work at Cementerio in 2005 and 2006 consisted of additional
geologic mapping and limited rock geochemical sampling. Previous trench assay
results include 15 meters of 0.7 g/t Au and 25 meters of 1.3 g/t Au. Aurum
staff compiled and transferred the previous "paper-copy" data into a digital
At Cementerio, the drill program will test what appears to be an
extensive, largely un-eroded zone of advanced argillic alteration hosting high
sulfidation, epithermal gold mineralization. The outcropping volcanic rocks
are an ideal host for the development of bulk-tonnage, disseminated gold
mineralization. A three drill hole, 500 meter diamond core drill program is
proposed for the Cementerio target.
A comprehensive report on the Azuero property package is available upon
request and will soon be downloadable at the company website.
Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration
company with a portfolio of gold and copper properties in the Republic of
Panama. The company has issued 20,793,151 shares and has no debt. For more
information, please visit the web site at www.bellhavencg.com or call Miguel
Villahermosa at toll free 1-866-599-5930.
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.
For further information:
For further information: Julio Benedetti, +1-507-226-3967, or Investor
Relations, Miguel Villahermosa, Toll Free, +1-866-599-5930 Web Site: