PANAMA CITY, Panama, March 14 /CNW/ -- Bellhaven Copper & Gold, Inc.
(TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that
it has signed a contract with Cabo Drilling Corp. (TSX-V: CBE) (Cabo) of
Vancouver to undertake a 5,000 meter drill program at Bellhaven's Cerro
Chorcha and Rio Liri properties located in the Republic of Panama. A minimum
drill program of 3,000 meters will be conducted at Cerro Chorcha, with 2,000
meters to be conducted at Rio Liri.
The program will include three phases. The first 1,500 meters will test
for extensions of the copper-gold porphyry system at Cerro Chorcha. The drill
will then move to Rio Liri to conduct 2,000 meters that will test a newly
discovered quartz vein stockwork for additional gold mineralization. After Rio
Liri the drill will return to Cerro Chorcha for an additional 1,500 meters of
Bellhaven's Vice President of Operations, Alfredo Burgos, has this to say
of the agreement:
"We now have evidence suggesting that mineralization at Cerro Chorcha and
Rio Liri may be more extensive than initial data indicated -- the recent
trenching and surface sampling at Cerro Chorcha has inspired us to create a
new model which we are anxious to test. Likewise, we have uncovered
interesting evidence at Rio Liri suggesting the possibility of additional,
higher-grade, gold mineralization. This drill campaign will help us to expose
the true potential of these properties, and develop a model that more clearly
reflects the anatomy of each resource."
Cabo's newly purchased drill will be mobilized to Panama during the month
of March, and should be on site at the recently constructed Cerro Chorcha camp
by mid-April, 2007. It is expected that the first phase of drilling at Cerro
Chorcha will be completed by June of this year, and then the drill will be
moved to the Rio Liri project to test additional targets. "We have great
confidence in John Versfelt and his team at Cabo Drilling Corp," said Julio
Benedetti, President and CEO of Bellhaven, "we are confident that Cabo will
deliver the highest level of professionalism and expertise."
Bellhaven signed a definitive Exploration and Development Agreement for
the Cerro Chorcha Project with Empire Minerals Corp. (OTC: EMPL) last week at
the PDAC as announced on March 7, 2007. Under the terms of the agreement
Empire has the option to acquire 65% of Cuprum Resources Corporation
(previously a wholly owned subsidiary of Bellhaven Copper & Gold) and thus
acquire a 65% interest in the Cerro Chorcha Copper Property.
Previous drilling on the Cerro Chorcha project has produced a 43-101
compliant inferred resources of 134.9 million tons of 0.48% copper. This new
drilling will serve to improve on the grade and tonnage of the deposit. On
February 21st Bellhaven released sample results from newly uncovered surface
areas of gold mineralization within Northeast and North-South striking
quartz-magnetite stockwork zones within the property that included 94m of 1.03
g/t Au and 64m of 1.45 g/t Au respectively. We hope to intersect these rich
stockwork zones at depth and continue drilling in areas where much of the
previous drilling terminated within ore grade copper mineralization.
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 & 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, (507) 226-3967, or Miguel
Villahermosa, (866) 599-5930, both for Bellhaven Copper & Gold, Inc. Web Site: