PANAMA CITY, Feb. 19 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture:
BHV) ("Bellhaven" or the "Company") in conjunction with its joint venture
partner Dominion Minerals Corp. (OTC: DMNM) is pleased to report summary
copper, gold and silver results from Holes CH-07-01 to CH-07-11 as part of the
recently completed diamond drill program at the Cerro Chorcha porphyry copper
project in the western highlands of Panama.
The 3,615.8 meter drill program confirmed Bellhaven's geologic model
which outlines a structurally controlled mineralized zone with a NE-SW
direction. Holes CH-07-01 to CH-07-11 drilled across the higher grade
stockwork structures, identifying a zone of nearly 900 meters in strike
length, which will be further defined by the next drilling campaign.
Additionally, the drill program confirmed an envelope of medium grades
(ranging from 0.4 to 0.8% Cu) which surround the higher grade stockwork zones.
All holes drilled appear to indicate potential for the extension of the
higher grade zone at depth as evidenced by dipping mineralized structures
observed in drill core and as shown on cross sections. This possibility will
be explored to greater extent by the upcoming 15,000 meter drill program to
begin in Q1 2008.
The recently completed drill program gives better context to the probable
continuity of higher grade stockwork and porphyry-style mineralization within
areas of previously unexplained rock and soil geochemical anomalies
surrounding the known Chorcha deposit. These anomalies are located within 0.5
to 1 kilometer to the north, south and east of the drill indicated resource,
and are now being investigated by field crews to develop drill targets for the
2008 drill program. An updated NI-43-101 report, which will be carried out
within the next few months, should outline an increased ore resource and serve
as the basis for the next 15,000 meter drill program planned for 2008. The
purpose of the upcoming drill program will be to provide greater continuity to
the geological model and to further define the mineralization at Chorcha which
remains open in almost every direction, and to extend porphyry-style copper
and gold mineralization to areas adjacent to and surrounding the known
Summary of 2007 Drill Hole Results:
Hole ID From/To Length Copper Gold Silver
CH-07-01 0-239.4m 239.4m 1.20 % 0.23 g/t 6.1 g/t
CH-07-02 5.1-278m 272.9m 0.73 % 0.06 g/t 2.6 g/t
CH-07-03 4-319.9m 313.9m 0.46 % pending 1.1 g/t
CH-07-04 0-445.78m 445.78m 0.39 % 0.07 g/t 1.4 g/t
CH-07-05 2-386.6m 384.6m 0.43 % 0.06 g/t 1.6 g/t
CH-07-06 0-346m 346m 0.42 % 0.05 g/t 1.4 g/t
CH-07-07 0-305.9m 305.9m 0.57 % 0.04 g/t pending
CH-07-08 0-270m 270m 0.41 % 0.06 g/t pending
CH-07-09 4-295m 287m 0.28 % 0.04 g/t 1.5 g/t
CH-07-10 0-422m 419m 0.19 % 0.03 g/t pending
CH-07-11 4-297.43m 293.43m 0.33 % 0.06 g/t 1.3 g/t
Copper values by ICP-MS (Acme Labs, Vancouver) for Holes CH-07-01 to CH-
07-06, and atomic absorption spectroscopy (SGS Labs, Peru) for Holes CH-07-07
to CH-07-11. Gold values by fire assay prep and AAS finish. Silver values by
ICP-MS analysis. Maps and sections showing the location and assay results of
all drill holes are available at the company's website at www.bellhavencg.com.
Holes CH-07-09, CH-07-10 and CH-07-11 are northwest directed -60 degree
angle holes located several hundred meters to the west of previously reported
Holes CH-07-01 to CH-07-08. Hole CH-07-09 was drilled from a site
approximately 350 meters west of Hole CH-07-01, and encountered an 8 meter
(142-150 m) zone of quartz-magnetite-sulphide stockwork that assayed 0.88 %
copper, 0.15 g/t gold, and 4 g/t silver. Hole CH-07-10 located 75 meters
northeast of Hole CH-07-09 encountered a 20 meter (168-188 m) zone of
stockwork that assayed 0.75 % copper. Holes CH-07-09 and CH-07-10 encountered
strong and continuous zones of faulting and shearing that appear to have
offset the main zone of mineralization. Approximately 100 meters southwest of
Hole CH-07-09, Hole CH-07-11 encountered a 8 meter (100-108 m) stockwork zone
that assayed 0.79 % copper, 0.2 g/t gold and 6.7 g/t silver, and bottomed in
copper mineralization. This extends both the higher grade stockwork and main
porphyry-style mineralization at least 900 meters along trend to the east-
northeast, from Hole CH-07-11 to Hole CH-07-08. Assay results from all Holes
confirm that stockwork and porphyry-style mineralization remains open in all
directions and at depth. The zones of copper-gold-silver mineralization in
Holes CH-07-01 to CH-07-11 are associated with stockwork veins and
disseminations hosted in a quartz diorite to quartz monzodiorite porphyry
within the Cerro Chorcha porphyry intrusive complex.
This news release has been prepared under the supervision of Michael D.
Druecker, Ph.D., P.Geo. who serves as the Qualified Person for this project
under National Instrument 43-101. Sample protocol used at the project
includes standards, duplicates and blanks for each sample shipment.
About Bellhaven Copper & Gold
Bellhaven Copper and Gold is one of Panama's leading exploration
companies. Bellhaven controls highly prospective gold and copper concessions,
totaling over 500 square kilometers, that are located in some of the most
mineral-rich regions in the country. Gold has been mined in Panama as far back
as the 1500's, when the Spanish extracted a million ounces of high-grade ore
from the Cana mine. During modern times, the Santa Rosa and Remance gold mines
operated during the 1990's and the Molejon Gold Project is scheduled to come
online in 2008. Bellhaven's Cerro Quema project is slated for production in
2009. Adding greatly to the strength of the Company is the fact that many of
its senior management and board members are residents and/or citizens of
Panama. These individuals have a record of success and achievement, and enjoy
excellent working relationships with the government, the native Indian tribes,
and within the worldwide mining community.
On behalf of the board of directors,
Julio C. Benedetti, President, CEO
BELLHAVEN COPPER AND GOLD, INC.
Pini Althaus, President, CEO
DOMINION MINERALS CORP.
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: Miguel Villahermosa, 1-866-599-5930; or
AGORACOM Investor Relations, http://www.agoracom.com/IR/Bellhaven Web Site: