PANAMA CITY, Nov. 9 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture:
BHV) ("Bellhaven" or the "Company") in conjunction with its joint venture
partner Empire Minerals Corp. (Pink Sheets: EMPL), is pleased to report the
expansion of its Phase 1 drill program at the Cerro Chorcha Copper Project in
the Western Highlands of Panama. Due to the ongoing success of the current
drill program management has determined that an additional hole (for a total
of eleven holes/approx. 3,600 meters) will be required to expand the
boundaries of the high-grade gold, copper, and silver mineralization which has
already been discovered in multiple quartz-magnetite stockwork zones beginning
at surface and extending to an undetermined depth.
The ongoing objective of the Phase 1 drill program is to test
copper-gold-silver mineralization associated with structurally-controlled
quartz-magnetite stock-work within the larger main porphyry copper system.
Additionally, the drill program is examining the extent of the mineralization,
particularly in areas untested by previous operators. The recently released
data on holes CH-07-01, CH-07-02, and CH-07-03 has provided evidence to
support the existence of deep, higher grade mineralization below the known
areas of copper-gold mineralization at surface. The known surface expression
of copper mineralization (> 0.1% Cu) at Cerro Chorcha is over 1400 meters in
length and over 600 meters in width and remains open in all directions and at
To date, Bellhaven and Empire have completed all 10 of the originally
planned dill holes at its Chorcha property. Currently, holes CH-07-04 through
CH-07-09 are at analytical laboratories pending completion of assay results.
In an effort to expedite the turnaround time for drill core assay results,
management has retained, in addition to Acme labs of Canada, the services of
an additional ISO certified laboratory (SGS Labs) in Peru.
The following chart shows the final depths the Phase 1 drill holes:
CH-07-01 240.00 meters
CH-07-02 241.00 meters
CH-07-03 320.00 meters
CH-07-04 445.78 meters
CH-07-05 386.60 meters
CH-07-06 350.00 meters
CH-07-07 305.90 meters
CH-07-08 270.00 meters
CH-07-09 295.00 meters
CH-07-10 422.00 meters
The holes that have been drilled thus far can be classified as "infill"
or "infill with depth extension step out." The first 200 meters of holes
CH-07-04 and CH-07-05 test, as infill, the mineralized zone defined by
previous drill holes. The remaining meters (245.78 m in hole CH-07-04, and
186.6 m in hole CH-07-05), at depth, step out into previously untested areas
along section to the northwest. This is also true of holes CH-07-09 (95 m of
step out), CH-07-10 and CH-07-11 that infill the area in and along strike of
Previous drill holes G95-19 and G95-21, but test to the northwest and at depth
(step out) areas with no previous drill holes. The remaining holes can be
classified as infill, with holes CH-07-02 (Highlights of hole 2 included 124.9
m of 1.32% Cu, 0.15 g/t Au, and 4.8 g/t Ag) and CH-07-06 filling in
significant areas which were previously untested.
The objective of the last 3 holes (CH-07-09 to 11) located in the
southwestern extension of high grade copper mineralization, are two-fold. Hole
CH-07-09 was sited to test, as an infill, the mineralization encountered in
previous drill holes G95-21 and G95-19. Holes CH-07-9 and CH-07-10 were sited
to test, as an infill/step out, this same mineralization along strike to the
northeast (CH-07-10) and southwest (CH-07-11). Holes 21 and 19 occur
approximately 400m west of our reported CH-07-01 and CH-07-02.
Upon completion of the current drill program management will review the
geologic data and begin preparing an updated NI 43-101 compliant resource
calculation as well as phase 2 drill targets (program to begin in Q1 2008).
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.
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 23,583,101 shares and has no debt. For more
information, please visit the web site at http://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.
Pini Althaus, Chairman & CEO
EMPIRE MINERALS CORP.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Additionally, this document may contain certain forward-looking statements
which involve known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or achievements
of the Company to be materially different from the results, performance or
achievements implied by these forward looking statements.
For further information:
For further information: Corporate, Julio Benedetti, +011 226-3967,
or Investors, Miguel Villahermosa, 1-866-599-5930, both of Bellhaven Copper &
Gold, Inc. Web Site: http://www.bellhavencg.com