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International Bethlehem Reports 3.5 Metres Of 12.1 G/T
Gold In New Zone For The Monte Cristo Property
June 25,
2008
West Vancouver, British Columbia � June 25,
2008 - As reported by Gold
Summit Corporation (�Gold Summit�) (TSX-V: GSM ), International Bethlehem Mining Corp.
(�International Bethlehem�) (TSX:IBC) is pleased to announce
that Gold Summit has received complete assay data from the last three of a
seven hole core drilling program on the Monte Cristo Property in west central
Nevada, located approximately 50 km west north west of Tonopah.
International Bethlehem has an option to
acquire up to a 50% interest in Gold Summit�s Monte Cristo Property by
incurring exploration expenditures of $3 million over four years. In
accordance with the terms of the option agreement, Gold Summit is the
operator for the exploration programs on the Monte Cristo Property.
International Bethlehem has to date already met its minimum exploration
expenditure requirements of $600,000 for 2008.
The following table provided by Gold Summit
(and as reported by Gold Summit in its news release dated June 17, 2008),
shows significant intersections assaying greater than one gram per tonne
gold:
|
Hole No.
|
From
(metres)
|
To
(metres)
|
IW
(metres)
|
Au
(g/t)
|
Ag
(g/t)
|
|
MCC-63
|
230.2
|
231.2
|
1.0
|
5.7
|
99.6
|
|
MCC-64
|
None above
1 g/t Au
|
|
|
|
|
|
MCC-65
Upper Zone
|
72.5
|
76.0
|
3.5
|
12.1
|
2.1
|
|
including
|
72.5
|
73.3
|
0.8
|
40.4
|
10.3
|
|
And
|
75.0
|
76.0
|
1.0
|
12.5
|
1.9
|
|
Main Lode
|
209.3
|
210.5
|
1.2
|
1.1
|
51.7
|
|
|
216.4
|
216.9
|
0.5
|
1.4
|
27.6
|
|
|
220.0
|
221.1
|
1.1
|
1.4
|
9.1
|
The core drill holes were planned to fill in
large gaps within the existing drill pattern and all three intersected the
target McLean Lode. Future plans include more systematic core drilling of the
McLean Lode in an effort by Gold Summit to increase and upgrade its
present 43-101 compliant inferred resource of 331,000 tonnes averaging 6.5 g/t gold to indicated and
measured status. Significantly, Gold Summit reported that drill hole MCC-63
intersected the Lode 50 metres to the north of the resource area, thereby
demonstrating a potential increase in the size of the resource area. As
reported by Gold Summit, drill hole MCC-64 did not intersect significant
mineralization and is outside the resource area.
Gold Summit believes that the shallow high
grade intersection in drill hole MCC-65 is evidence of an upper mineralized
horizon in the system with epithermal characteristics similar to the Main
Lode. Sampling of Gold Summit�s previous core drill holes within this
upper zone has not been completed to date. However, Gold Summit
reported that assay records from historical reverse circulation holes drilled
by Cyprus Copper in 1989 show a similar higher grade interval (i.e. Cyprus
Hole GP-72, drilled 50 metre east of hole MCC-65, intersected an interval of 7.6 metres assaying 16.9 g/t gold, including a 1.5 metre interval assaying 39.4 g/t gold). Gold Summit
has indicated that it is presently examining 22 core previous drill holes in
the area to document and sample the upper horizon. Gold Summit believes that
it has potential to provide another continuous high grade zone and could
significantly increase the size of the McLean Lode.
As reported by Gold Summit, the new assays
are from half cut HQ core at the Sparks Laboratories of American Assay using
standard Fire/AA or gravimetric methods with checks provided by insertion of
blank and standard samples and that quoted assays for Cyprus Hole GP-72 were
from standard 1.3 metre RC splits assayed in Chemex Laboratories in Sparks
using the Fire/gravimetric method with inserted standards,
Larry Kornze, a Gold Summit director and a
registered Professional Geologist, is designated by Gold Summit as its
Qualified Person under National Instrument 43-101 responsible for supervising
the technical work on the Monte Cristo Property and has approved the contents
of Gold Summit�s release dated June 17, 2008. John Kowalchuk, P.Geo., has
reviewed this news release and is the Qualified Person for the Company�s
Monte Cristo Property project.
For further information, contact Mr. Clive
Shallow, investor communications, at 604-922-2030 or visit the Company�s
website at www.bethlehemmining.com
..
International Bethlehem Mining Corp.
�Ronald A. Coombes�
_________________________________
Ronald A. Coombes, President
The TSX Venture Exchange has not reviewed
this news release and does not accept responsibility for the adequacy or
accuracy of this release.
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