Re: News Releases - Thursday, September 25, 2008
Bellhaven Acquires New Properties in Colombia
PANAMA CITY, Sept. 25 /PRNewswire/ -- Bellhaven Copper & Gold, Inc.
(TSX-Venture: BHV) (Bellhaven or the Company) announces that it has
been granted three licenses (metallic exploration concessions) covering
6,440 hectares in the Department (Province) of Bolivar, Colombia
approximately 275 kilometers from the Atlantic port city of Cartagena.
The three licenses are located in the San Lucas Mountain Range in the
Southern Bolivar Mineral Belt. The Southern Bolivar Mineral Belt
extends along a NE-SW trend for more than 150 kilometers. The belt
ranges from 15 to 25 kilometers in width and is nearly coincident with
the San Lucas Range.
Hundreds of small prospects and artisanal mine workings are located
within this belt, and are generally characterized by a series of
northeast striking, steeply dipping, shear hosted, quartz-sulfide veins
with variable widths (0.5 to 3 meters). These veins are mined
exclusively in the oxide/gossan zones by the artisanal miners that
extract only the high-grade (+25 g/t Au) free gold. Little to nothing
is done with high-grade (+25 g/t Au) sulfide ore, and oxide material in
the 1 to 10 g/t gold range that characterizes large parts of the vein
structure and adjacent wallrocks. In the San Martin de Loba area the
shear/veins are hosted in medium to coarse grained, quartz
monzonite/tonalite with 1 to 4 meter alteration
(quartz-sericite-pyrite) envelopes. In the San Lucas area the veins
(fissure/feeder zones) are hosted in a thick (+300 meters) package of
dacitic to andesitic volcanics (pyroclastic and flow rocks) with an
extensive area of silicic-argillic alteration and disseminated pyrite
Prospects throughout the San Lucas Range are found in a sequence of
volcanic rocks (composed of dacitic to andesitic crystal tuffs, tuff
breccias and flows) that begins at an elevation of 150 mts above msl
and extends up to the main summit ridge, were numerous artisanal mining
camps are located. These camps appear to be located along the oxide
zones of outcropping fissure/feeder vein structures that contain high
grade (+25 g/t Au) gold mineralization. Argillic and silicic-argillic
alteration of the pyroclastic volcanic rocks are observed over a large
(+10 square kilometers) area. Disseminated sulfides (iron oxides after
pyrite) are common within this extensive alteration zone. Bellhaven's
preliminary surface exploration of 29 samples of altered outcrops and
artisanal workings have returned assay values that average 15 g/t gold
and 53 g/t silver. Nearly 50% of the surface samples have assay
results greater than 10 g/t gold, and 25% of the samples have assays
greater than 25 g/t gold and 50 g/t silver.
Julio Benedetti, President & CEO had the following comments:
These three licenses cover a central portion in the San Lucas Trend.
Our surface sampling has provided confirmation of the extension of
mineralization beyond the high grade artisanal mining areas, adding
considerable size to the surface mineralization expressions.
We are preparing a complete exploration program which will include
additional and extensive geochemical testing, geophysics, and if
warranted, drilling. We look to commence fieldwork on this highly
prospective mineralized belt ASAP.
This news release has been prepared under the supervision of Michael D.
Druecker, Ph.D., P.Geo. who serves as the Qualified Person as defined
by National Instrument 43-101 responsible for ensuring that the
geological information in this release is accurate.
Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration and
development company with a portfolio of gold and copper properties in
the Republics of Panama and Colombia. The company has 31.479 Million
shares issued and outstanding. For more information, please visit the
web site at http://www.bellhavencg.com or call Patrick Abraham in
Panama at 011-507-340-9500.
On behalf of the board of directors,
Julio C. Benedetti,
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 or accuracy of this release.
Int'l No: +507-226-3967
Investor Relations Contact:
Int'l No: +507-340-9501
Copyright (c) 2008 BELLHAVEN COPPER & GOLD INC. (BHV.H) All rights
reserved. For more information visit our website at
http://www.bellhavencg.com/ or send mailto:email@example.com