PANAMA CITY, July 30 /CNW/ -- Bellhaven Copper and Gold, Inc.
(TSX-Venture: BHV) ("Bellhaven or the Company") is pleased to announce
pursuant to our news release dated July 25, 2008, that Golden Cross Resources
Ltd. (ASX: GCR) ("GCR") has released the results of the drill program
conducted in the Los Hatillos Concession. Following details are quoted from
GCRA4s news release dated July 29, 2008.
"Drilling has been completed at the Los Hatillos epithermal gold property
in central Panama, with eight holes drilled for 1,033m. Four holes (LHD-01 to
04) were drilled at Veta Blanca prospect, and four holes at EL Tiro prospect
(LHD-05 to 08).
The program was designed to test for down-dip and strike extensions of
mineralization found in underground and surface workings.
Vein textures, and composition and style of alteration observed in the
drill core are indicative of an epithermal system warranting further work.
Results have been received for holes 1-7, which are set out in Table 1,
below. Best results were:
-- 2m at 6.34 g/t gold, in hole 3;
-- 2m at 6.11 g/t gold, in hole 5; and
-- 3m at 5.97 g/t gold, in hole 6.
Significant drilling intersections for the first seven holes are set out
below, with results for hole 8 anticipated by end July.
Table 1 - Summary of Significant Drilling Intersections - Los Hatillos
Hole From To Interval Gold From To Interval Gold
No (m) (m) (m) (g/t) (m) (m) (m) (g/t)
LGD-01 81 83 2 3.71
172 176 4 1.54 Including 175 176 1 3.74
LGD-02 121 132 11 1.10 Including 122 124 2 4.47
LHD-03 100 104 4 3.23 Including 101 103 2 6.34
LHD-04 121 130 9 0.62 Including 126 128 2 2.98
LHD-05 72 78 6 2.19 Including 72 74 2 6.11
LHD-06 35 40 5 3.76 Including 35 38 3 5.97
LHD-07 73 79 6 1.06 Including 77 79 2 2.75
At Veta Blanca all four holes intersected the targeted shear zone at
least 50m below the existing underground workings, confirming the extension of
the vein system at depth.
At El Tiro, hole 5 was targeted to intersect a high grade intersection in
an historical drill hole, which tested for mineralization under historical
surface workings. The remaining three holes tested possible extensions to
this mineralization. Results for hole 5 did not replicate the historical
results of 4.5 meters at 17 g/t gold.
The observed alteration styles, quartz veining, and mineralization
textures in the El Tiro drilling suggest that vein system is more extensive
than previously thought.
Petrographic work was carried out on 10 samples from hole 1. The
alteration-mineralization characteristics of the sample suite are consistent
with those found in low-sulphidation epithermal environments.
Further geological prospecting, sampling and mapping will continue around
Veta Blanca, El Tiro, Faustino and recently identified prospects, to identify
alteration zones and vectors to mineralization within the systems.
Julio Benedetti President of Bellhaven had the following comments:
"These results and GCRA4s decision to continue into the second year of
the JV Agreement are very positive news for Bellhaven. We have now two
JV agreements which have generated good results and moved into the
second year of exploration work."
This news release has been prepared under the supervision of Michael D.
Druecker, PhD., P. Geo. who serves as the Qualified Person for this project
under National Instrument 43-101.
On behalf of the Board of Directors
Julio C. Benedetti
President & CEO
BELLHAVEN COPPER AND GOLD, INC.
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
of this release.
For further information:
For further information: Julio Benedetti, +507-226-3967, or Investor
Relations, Patrick Abraham, +507-340-9501, both of Bellhaven Copper and Gold,
Inc. Web Site: http://www.bellhavencg.com