Belvedere intersects a further high grade zone of 5.2 g/t gold over 15.33 metres on the Kiimala gold property.



    Exchange: TSX V Symbol: BEL

    VANCOUVER, Sept. 6 /CNW/ - Belvedere Resources Ltd. ("Belvedere") is
pleased to announce that the final assay results have been received from the
last five holes of the 2nd phase of diamond drilling on the Dngesneva gold
copper occurrence. The Dngesneva occurrence is one of a number of sub-cropping
historical gold occurrences occurring over a 15 km strike length on the 100%
owned 300 km(2) Kiimala property.
    David Pym (CEO) comments "Significant thicknesses of high grade gold
mineralisation continue to be intercepted within the large lower grade
envelopes at Dngesneva. The current high grade intersection lies 50m to the
south of a similar intersection reported previously in BELANG008 and includes
an interval of 4.54 m @ 12.6 g/t Au. Further drilling is required to determine
controls to the high grade mineralisation and whether these zones are
contiguous."
    The 2nd phase of diamond drilling at Dngesneva totalled 2080m over nine
holes. Results are presented here for the last five holes, BELANG 9-13.
Results form earlier holes are reported previously. The deposit has now been
drilled on 25m sections over a strike length of 300m and remains open at depth
and to the northeast. Current modelling suggests the body strikes NE and dips
at approximately 800 to the East and plunges 400 to the north. The
mineralisation occurs from bedrock surface beneath a 1-3 metre depth of till
to at least 280 metres vertically and has a true thickness of between 50 and
60m. At the northern extents the mineralisation appears to break into upper
and lower zones separated by a 10-15m gap of low grade to barren material. The
mineralisation is hosted in a Proterozoic aged gabbro/diorite intrusive and
occurs in quartz veins and shear zones associated with pyrite, chalcopyrite,
arsenopyrite and pyrrhotite.
    Significant weighted average intersections are summarised in the table
below. True widths are estimated to be 75 - 80% of the intersect widths. The
drillhole plan can be viewed on the company's website
http://www.belvedere-resources.com/.

    
    -------------------------------------------------------------------------
    Hole            From(m)      To(m)      Interval(m)      Au g/t     Cu %
    BELANG009       127.82      206.57        78.75(*)        1.87      0.18
    includes        127.82      143.15        15.33           5.21      0.35
    BELANG010        50.01      127.96        77.95           1.13      0.13
    includes         101.5      128.01        26.51           1.81      0.16
    and             112.48      123.62        11.14           2.83      0.19
    BELANG011        46.58      100.53        53.95           1.16      0.11
    includes        193.27      209.78        16.51           2.02      0.38
    BELANG012       256.58         264         7.42           1.04      0.08
    BELANG012       274.09       275.3         1.21           5.91      0.37
    BELANG013       107.07      108.65         1.58           6.58      0.11
    -------------------------------------------------------------------------
    (*) Intervals are calculated with a 0.6 g/t Au cutoff grade, maximum
        grade assayed is 29.7 g/t Au, no upper cut is applied.
    

    Of the holes drilled in this phase BELANG 9, 10 and 11 intersected the
zone, whilst holes 12 and 13 were drilled to determine the plunge of the
mineralisation.
    The drilling was undertaken by Suomen Malmi Oy of Finland, providing
57.5 mm diameter core. Samples are comprised of half diamond core. Core
samples are sawn in half on site, prepped at the ALS Chemex prep facility in
Sweden, and assayed by 30g fire assay with an ICPAES finish at the ALS Chemex
Vancouver Laboratory. The quality assurance-quality control (QAQC) program of
Belvedere consists of the insertion of certified standards of known gold
content every 20 samples, with blanks at the beginning and end of each batch.
In addition, ALS Chemex inserts a number of blanks and standards into the
analytical process. Standards, blanks and duplicates make up approximately 15%
of the samples assayed. Samples with unusually high gold values are reassayed
by ALS Chemex. The remaining half core is retained on site for verification
and reference purposes.

    About Belvedere:

    Belvedere Resources Ltd. is a publicly-listed junior resource company
engaged in the business of nickel production and exploring, discovering and
developing mineral wealth in Finland. The Dngesneva occurrence is located on
the Kiimala property in western Finland, 30 km north of the Hitura Nickel
Mine. The Kopsa property is also located in western Finland and is 10 km
southeast of the Hitura Nickel Mine.

    Forward Looking Statement:

    Some of the statements contained herein may be forward-looking
statements, which involve known and unknown risks and uncertainties. Without
limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are
forward looking statements that involve various degrees of risk.
Forward-looking statements in this release include statements regarding the
exploration potential of areas and the overall potential of the projects. It
is important to note that the Company's actual results could differ materially
from those in such forward-looking statements.
    This statement is prepared by Dr. Toby Strauss, who is acting as
Qualified Person in compliance with National Instrument 43-101 with respect to
this release.

    BELVEDERE RE

SOURCES LTD. David Pym, CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. %SEDAR: 00005717E

For further information:

For further information: David Pym: +44-7931-371869; Toby Strauss:
+353-87-9870344; Steve Cuthill: (604) 513-0007

Organization Profile

BELVEDERE RESOURCES LTD.

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