Belo Sun Mining Corp. has added a new press release to its web site. For full details please visit the Belo Sun Mining web site at:
Belo Sun Continues to Extend Mineralization at the Ouro Verde Deposit and Announces 70,000 Meter Expansion to Drilling Program at Volta Grande, Brazil
TORONTO, ONTARIO--(Marketwire - Jan. 4, 2012) - Belo Sun Mining Corp. (TSX VENTURE:BSX) (the "Company" or "Belo Sun") is pleased to announce assay results from 67 additional drill holes from the diamond drilling program at its Volta Grande Gold Project located in Para State, Brazil. The complete results and selected cross sections are presented below. These results include assays from 19 drill holes from the Ouro Verde deposit, 42 drill holes from the Grota Seca deposit and six from the South Block target.
-- At the Grota Seca deposit, holes VVGD-175 (Grota Seca Cross Section 875
W) and VVGD-192 (Grota Seca Cross Section 1925 W) which were part of the
infill drilling program intersected multiple high grade mineralized
zones as follows: 18.00 meters grading 3.09 g/t Au (from 105.00 m depth)
including 10.10 meters grading 5.19 g/t Au and 34.35 meters grading 2.71
g/t Au (from 239.00 m depth) including 12.70 meters grading 5.93g/t Au.
-- Since April 2010 Belo Sun has completed 89,576 meters drilling (74,760
in 2011) and expect to release a new mineral resource estimate update
later this month with a corresponding technical report to be filed on
SEDAR in due course. The drill results issued today will not be included
in this resource update as the cut-off for new drilling for the ongoing
resource update calculation was closed approximately two months ago.
Drill results from holes released subsequent to that cut off will be
incorporated into a future resource calculation.
-- The Company is planning to tender an additional 70,000 meters of
drilling for the current year, with 50% of the program scheduled to be
completed in the first half of 2012. The drilling will focus on
continuing to extend the known deposits and evaluating a number of
highly prospective targets within its large land package.
Helio Diniz, the Vice President, Exploration for Belo Sun, stated, "As was reported in Belo Sun's financial statements for the quarter ended September 30, 2011, the Company held C$43 million in cash and cash equivalents as of September 30, 2011. As drill results at the Volta Grande project continue to demonstrate that the deposits are open for further expansion, Belo Sun remains well funded to continue this highly successful drill programme into 2012. The drilling results to date have been very encouraging and we are intersecting numerous higher grade zones. On this basis we will tender a further 70,000 meters of diamond drilling of which 36,000 meters are planned to be completed in the first half of 2012. This programme has been designed to continue to drill the extensions of the existing deposits and test certain prospective targets on our 151,000 hectares land position."
A complete summary of assays are listed below. To date, Belo Sun has completed 346 drill holes at the Volta Grande Gold Project, of which assays remain pending for 41 holes. The current drilling program is designed to upgrade and expand the existing mineral resource and further results will be released as they become available.
The geological map of the Volta Grande Gold Project, with diagrams setting out the main deposit locations, is included below.
TABLE 1 - DIAMOND DRILLING ASSAY RESULTS
The widths reported below represent the core width of the intercepts; true widths are expected to range between 85-95% of the core width.
--------------------------------------------------------------------
Ouro Verde target
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-167 15.00 22.00 7.00 0.93
--------------------------------------------------------------------
and 123.00 142.20 19.20 2.16
--------------------------------------------------------------------
including 123.00 129.80 6.80 5.01
--------------------------------------------------------------------
and 193.78 197.20 3.42 1.78
--------------------------------------------------------------------
and 202.80 238.00 35.20 1.31
--------------------------------------------------------------------
including 229.45 234.60 5.15 2.39
--------------------------------------------------------------------
and 245.00 256.00 11.00 0.61
--------------------------------------------------------------------
and 294.00 315.00 21.00 0.65
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-186 1.00 7.00 6.00 0.80
--------------------------------------------------------------------
and 23.00 29.00 6.00 0.51
--------------------------------------------------------------------
and 31.91 34.91 3.00 0.73
--------------------------------------------------------------------
and 55.00 62.60 7.60 0.85
--------------------------------------------------------------------
and 145.00 151.00 6.00 0.80
--------------------------------------------------------------------
and 158.00 162.70 4.70 0.76
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-189 0.00 5.00 5.00 0.52
--------------------------------------------------------------------
and 51.84 72.00 20.16 0.50
--------------------------------------------------------------------
and 87.00 90.00 3.00 1.61
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-196 0.00 32.00 32.00 1.96
--------------------------------------------------------------------
including 0.00 6.00 6.00 7.66
--------------------------------------------------------------------
and 51.00 54.00 3.00 1.39
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-201 0.00 3.00 3.00 0.50
--------------------------------------------------------------------
and 18.00 42.00 24.00 3.68
--------------------------------------------------------------------
including 32.00 42.00 10.00 8.13
--------------------------------------------------------------------
and 95.00 105.75 10.75 0.88
--------------------------------------------------------------------
and 169.10 178.30 9.20 1.14
--------------------------------------------------------------------
and 195.30 215.15 19.85 1.14
--------------------------------------------------------------------
including 198.00 204.87 6.87 2.45
--------------------------------------------------------------------
and 238.10 247.95 9.85 0.60
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-202 0.00 10.25 10.25 0.63
--------------------------------------------------------------------
and 36.55 40.20 3.65 0.65
--------------------------------------------------------------------
and 45.60 75.60 30.00 2.63
--------------------------------------------------------------------
including 63.55 75.60 12.05 4.13
--------------------------------------------------------------------
and 82.30 97.00 14.70 2.96
--------------------------------------------------------------------
and 110.45 113.45 3.00 0.65
--------------------------------------------------------------------
and 172.00 206.61 34.61 1.04
--------------------------------------------------------------------
including 173.95 180.20 6.25 2.41
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-203 14.00 18.00 4.00 0.70
--------------------------------------------------------------------
and 169.00 172.00 3.00 0.58
--------------------------------------------------------------------
and 184.00 198.00 14.00 0.52
--------------------------------------------------------------------
and 207.40 213.40 6.00 4.04
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-205 112.55 118.71 6.16 1.26
--------------------------------------------------------------------
and 149.14 152.41 3.27 0.70
--------------------------------------------------------------------
and 162.46 171.50 9.04 0.56
--------------------------------------------------------------------
and 221.15 230.00 8.85 0.79
--------------------------------------------------------------------
and 240.18 267.75 27.57 1.17
--------------------------------------------------------------------
including 255.95 264.00 8.05 2.14
--------------------------------------------------------------------
and 280.77 297.45 16.68 1.13
--------------------------------------------------------------------
and 336.40 340.00 3.60 0.82
--------------------------------------------------------------------
and 361.58 365.12 3.54 1.22
--------------------------------------------------------------------
and 381.92 394.43 12.51 0.61
--------------------------------------------------------------------
and 421.70 444.50 22.80 1.72
--------------------------------------------------------------------
including 421.70 429.70 8.00 3.97
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-209 0.00 3.00 3.00 1.17
--------------------------------------------------------------------
and 10.00 21.00 11.00 0.81
--------------------------------------------------------------------
and 47.35 56.55 9.20 0.58
--------------------------------------------------------------------
and 156.70 159.85 3.15 10.75
--------------------------------------------------------------------
and 181.00 185.75 4.75 2.08
--------------------------------------------------------------------
and 212.00 218.00 6.00 0.62
--------------------------------------------------------------------
and 226.00 261.70 35.70 0.54
--------------------------------------------------------------------
and 327.00 332.05 5.05 0.63
--------------------------------------------------------------------
--------------------------------------------------------------------
--------------------------------------------------------------------
Ouro Verde target
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-220 165.00 177.00 12.00 0.82
--------------------------------------------------------------------
and 185.70 196.00 10.30 0.91
--------------------------------------------------------------------
and 232.60 239.00 6.40 0.53
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-223 0.00 12.00 12.00 0.68
--------------------------------------------------------------------
and 71.55 75.00 3.45 1.83
--------------------------------------------------------------------
and 116.06 127.80 11.74 1.01
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-229 0.00 16.00 16.00 0.52
--------------------------------------------------------------------
and 56.25 76.18 19.93 0.71
--------------------------------------------------------------------
and 142.44 148.18 5.74 1.09
--------------------------------------------------------------------
and 160.70 164.51 3.81 0.73
--------------------------------------------------------------------
and 171.60 175.86 4.26 1.27
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-234 86.50 106.35 19.85 0.89
--------------------------------------------------------------------
and 125.10 129.75 4.65 0.91
--------------------------------------------------------------------
and 150.60 155.60 5.00 0.50
--------------------------------------------------------------------
and 201.60 205.10 3.50 1.93
--------------------------------------------------------------------
and 216.70 276.00 59.30 2.59
--------------------------------------------------------------------
including 222.20 243.60 21.40 4.06
--------------------------------------------------------------------
and 324.00 337.30 13.30 2.65
--------------------------------------------------------------------
and 347.40 352.80 5.40 2.88
--------------------------------------------------------------------
and 365.35 369.15 3.80 1.09
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-237 0.00 7.00 7.00 0.57
--------------------------------------------------------------------
and 39.00 53.70 14.70 0.50
--------------------------------------------------------------------
and 101.25 136.25 35.00 0.59
--------------------------------------------------------------------
and 153.50 157.05 3.55 0.79
--------------------------------------------------------------------
and 164.80 172.80 8.00 4.77
--------------------------------------------------------------------
and 181.30 186.25 4.95 0.71
--------------------------------------------------------------------
and 192.50 200.00 7.50 0.53
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-241 39.55 47.00 7.45 0.51
--------------------------------------------------------------------
and 58.00 71.40 13.40 0.66
--------------------------------------------------------------------
and 107.62 111.55 3.93 0.75
--------------------------------------------------------------------
and 131.50 146.65 15.15 1.44
--------------------------------------------------------------------
and 224.50 239.00 14.50 3.84
--------------------------------------------------------------------
including 226.67 234.77 8.10 6.23
--------------------------------------------------------------------
and 245.00 249.65 4.65 0.66
--------------------------------------------------------------------
and 277.40 299.00 21.60 0.80
--------------------------------------------------------------------
and 333.00 343.10 10.10 0.95
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-245 276.65 313.00 36.35 0.86
--------------------------------------------------------------------
and 322.00 327.00 5.00 1.15
--------------------------------------------------------------------
and 389.00 399.00 10.00 1.09
--------------------------------------------------------------------
and 419.20 423.00 3.80 5.69
--------------------------------------------------------------------
and 430.00 436.00 6.00 1.88
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-253 0.00 7.00 7.00 0.74
--------------------------------------------------------------------
and 14.00 34.00 20.00 1.17
--------------------------------------------------------------------
and 50.30 76.50 26.20 0.77
--------------------------------------------------------------------
and 149.80 155.80 6.00 3.10
--------------------------------------------------------------------
and 170.80 180.00 9.20 2.39
--------------------------------------------------------------------
and 203.00 212.00 9.00 0.63
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-259 192.00 212.37 20.37 0.81
--------------------------------------------------------------------
and 222.00 240.00 18.00 1.50
--------------------------------------------------------------------
including 226.16 233.00 6.84 2.74
--------------------------------------------------------------------
and 246.40 266.63 20.23 2.35
--------------------------------------------------------------------
including 246.40 253.60 7.20 6.03
--------------------------------------------------------------------
and 278.00 313.00 35.00 0.76
--------------------------------------------------------------------
and 325.00 357.24 32.24 0.83
--------------------------------------------------------------------
and 363.00 371.88 8.88 3.62
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-270 73.25 77.25 4.00 20.88
--------------------------------------------------------------------
and 101.05 108.00 6.95 0.55
--------------------------------------------------------------------
and 131.05 134.20 3.15 0.54
--------------------------------------------------------------------
and 181.00 200.65 19.65 4.73
--------------------------------------------------------------------
including 184.00 196.20 12.20 6.80
--------------------------------------------------------------------
and 208.60 222.10 13.50 0.57
--------------------------------------------------------------------
and 235.70 242.50 6.80 0.53
--------------------------------------------------------------------
--------------------------------------------------------------------
--------------------------------------------------------------------
Grota Seca target
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-159 29.45 41.05 11.60 1.49
--------------------------------------------------------------------
and 157.19 174.25 17.06 1.39
--------------------------------------------------------------------
including 157.19 166.00 8.81 2.22
--------------------------------------------------------------------
and 181.52 195.61 14.09 0.74
--------------------------------------------------------------------
and 226.50 244.87 18.37 0.85
--------------------------------------------------------------------
including 231.20 234.10 2.90 3.57
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-172 58.75 68.20 9.45 0.53
--------------------------------------------------------------------
and 92.90 96.62 3.72 2.77
--------------------------------------------------------------------
and 115.22 137.75 22.53 1.45
--------------------------------------------------------------------
and 143.18 149.82 6.64 2.30
--------------------------------------------------------------------
and 172.30 182.00 9.70 0.67
--------------------------------------------------------------------
and 189.62 197.05 7.43 0.78
--------------------------------------------------------------------
and 208.00 213.75 5.75 0.93
--------------------------------------------------------------------
and 246.84 254.60 7.76 1.08
--------------------------------------------------------------------
and 309.95 322.35 12.40 11.19
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-175 105.00 123.00 18.00 3.09
--------------------------------------------------------------------
including 106.00 116.10 10.10 5.19
--------------------------------------------------------------------
and 152.60 169.00 16.40 0.74
--------------------------------------------------------------------
and 194.00 199.70 5.70 0.80
--------------------------------------------------------------------
and 208.50 221.00 12.50 2.82
--------------------------------------------------------------------
including 214.80 221.00 6.20 5.45
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-176 0.00 3.00 3.00 0.84
--------------------------------------------------------------------
and 93.00 110.90 17.90 1.03
--------------------------------------------------------------------
and 132.40 142.00 9.60 0.96
--------------------------------------------------------------------
and 153.70 166.60 12.90 0.65
--------------------------------------------------------------------
and 236.70 248.40 11.70 0.67
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-181 30.00 36.10 6.10 0.95
--------------------------------------------------------------------
and 74.00 77.00 3.00 0.68
--------------------------------------------------------------------
and 118.00 123.00 5.00 1.43
--------------------------------------------------------------------
and 132.80 141.60 8.80 0.76
--------------------------------------------------------------------
and 190.80 195.00 4.20 0.52
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-183 23.40 27.60 4.20 0.80
--------------------------------------------------------------------
and 70.50 74.80 4.30 0.64
--------------------------------------------------------------------
and 81.00 94.35 13.35 2.38
--------------------------------------------------------------------
including 89.60 93.35 3.75 7.42
--------------------------------------------------------------------
and 125.95 128.95 3.00 1.10
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-184 1.00 13.00 12.00 0.50
--------------------------------------------------------------------
and 101.10 105.30 4.20 0.79
--------------------------------------------------------------------
and 142.00 148.60 6.60 0.99
--------------------------------------------------------------------
and 159.00 187.00 28.00 2.37
--------------------------------------------------------------------
including 159.00 164.60 5.60 8.12
--------------------------------------------------------------------
and 210.70 221.16 10.46 1.07
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-188 8.60 14.00 5.40 0.64
--------------------------------------------------------------------
and 32.00 38.70 6.70 0.72
--------------------------------------------------------------------
and 92.55 97.50 4.95 0.71
--------------------------------------------------------------------
and 125.00 132.00 7.00 2.04
--------------------------------------------------------------------
and 145.25 161.35 16.10 1.02
--------------------------------------------------------------------
and 192.25 196.13 3.88 0.52
--------------------------------------------------------------------
and 236.00 245.20 9.20 0.54
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-192 221.00 232.50 11.50 2.63
--------------------------------------------------------------------
and 239.00 273.35 34.35 2.71
--------------------------------------------------------------------
including 253.65 266.35 12.70 5.93
--------------------------------------------------------------------
and 280.35 285.40 5.05 0.82
--------------------------------------------------------------------
and 397.02 406.60 9.58 0.90
--------------------------------------------------------------------
and 414.25 424.90 10.65 2.18
--------------------------------------------------------------------
including 419.65 424.05 4.40 4.76
--------------------------------------------------------------------
and 437.40 443.40 6.00 1.17
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-193 37.90 50.00 12.10 0.70
--------------------------------------------------------------------
VVGD-194 0.00 5.00 5.00 0.55
--------------------------------------------------------------------
and 66.55 72.41 5.86 0.55
--------------------------------------------------------------------
and 84.22 90.00 5.78 2.49
--------------------------------------------------------------------
and 193.70 226.50 32.80 1.10
--------------------------------------------------------------------
--------------------------------------------------------------------
--------------------------------------------------------------------
Grota Seca target
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-195 2.90 24.50 21.60 0.54
--------------------------------------------------------------------
and 38.70 45.95 7.25 0.71
--------------------------------------------------------------------
and 53.80 63.35 9.55 1.37
--------------------------------------------------------------------
and 83.78 88.15 4.37 2.65
--------------------------------------------------------------------
and 133.49 140.65 7.16 0.82
--------------------------------------------------------------------
and 149.10 161.13 12.03 0.61
--------------------------------------------------------------------
and 167.31 189.00 21.69 1.81
--------------------------------------------------------------------
including 171.05 177.04 5.99 5.15
--------------------------------------------------------------------
and 205.65 216.10 10.45 1.07
--------------------------------------------------------------------
and 250.00 259.35 9.35 1.16
--------------------------------------------------------------------
and 272.00 277.00 5.00 0.58
--------------------------------------------------------------------
and 307.75 311.50 3.75 0.80
--------------------------------------------------------------------
and 336.13 341.55 5.42 1.16
--------------------------------------------------------------------
and 379.21 383.80 4.59 1.89
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-197 0.00 14.00 14.00 1.06
--------------------------------------------------------------------
and 102.70 109.35 6.65 1.22
--------------------------------------------------------------------
and 167.10 187.20 20.10 1.28
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-199 5.70 9.05 3.35 0.70
--------------------------------------------------------------------
and 51.58 55.85 4.27 2.47
--------------------------------------------------------------------
and 62.79 66.40 3.61 0.62
--------------------------------------------------------------------
and 99.60 112.42 12.82 0.71
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-200 47.35 53.35 6.00 0.89
--------------------------------------------------------------------
and 58.95 69.80 10.85 0.53
--------------------------------------------------------------------
and 80.20 95.75 15.55 1.61
--------------------------------------------------------------------
including 80.20 89.30 9.10 2.31
--------------------------------------------------------------------
and 103.10 120.85 17.75 0.85
--------------------------------------------------------------------
and 151.15 157.50 6.35 0.75
--------------------------------------------------------------------
and 184.30 194.00 9.70 0.97
--------------------------------------------------------------------
and 201.55 205.30 3.75 0.69
--------------------------------------------------------------------
and 291.50 296.85 5.35 1.56
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-204 NSR
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-206 0.00 21.90 21.90 0.81
--------------------------------------------------------------------
and 30.20 43.80 13.60 0.73
--------------------------------------------------------------------
and 66.00 69.70 3.70 1.46
--------------------------------------------------------------------
and 138.20 145.00 6.80 0.63
--------------------------------------------------------------------
and 174.40 185.00 10.60 1.47
--------------------------------------------------------------------
including 174.40 179.50 5.10 2.62
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-207 10.35 21.35 11.00 0.55
--------------------------------------------------------------------
and 37.35 40.35 3.00 1.33
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-208 NSR
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-210 0.00 3.93 3.93 3.21
--------------------------------------------------------------------
and 19.70 24.75 5.05 0.53
--------------------------------------------------------------------
and 45.25 52.70 7.45 0.71
--------------------------------------------------------------------
and 64.70 72.35 7.65 1.59
--------------------------------------------------------------------
and 106..85 114.25 7.40 0.84
--------------------------------------------------------------------
and 158.10 165.75 7.65 0.50
--------------------------------------------------------------------
and 211.00 231.00 20.00 0.66
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-211 191.35 198..15 6.80 0.77
--------------------------------------------------------------------
and 207.00 212.85 5.85 0.58
--------------------------------------------------------------------
and 250.40 272.21 21.81 1.10
--------------------------------------------------------------------
and 277.70 282.00 4.30 0.70
--------------------------------------------------------------------
and 392.62 402.40 9.78 2.55
--------------------------------------------------------------------
and 415.56 420.25 4.69 16.08
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-212 41.70 45.56 3.86 0.78
--------------------------------------------------------------------
and 64.60 68.35 3.75 0.51
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-214 225.60 275.00 49.40 1.42
--------------------------------------------------------------------
including 252.00 266.90 14.90 2.35
--------------------------------------------------------------------
and 314.45 329.70 15.25 2.14
--------------------------------------------------------------------
including 324.70 329.70 5.00 5.56
--------------------------------------------------------------------
and 415.00 420.00 5.00 3.36
--------------------------------------------------------------------
and 443.42 447.50 4.08 0.57
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-217 0.00 9.00 9.00 1.47
--------------------------------------------------------------------
and 38.00 44.10 6.10 0.73
--------------------------------------------------------------------
--------------------------------------------------------------------
--------------------------------------------------------------------
Grota Seca target
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-218 4.00 17.10 13.10 1.10
--------------------------------------------------------------------
and 35.35 54.35 19.00 2.40
--------------------------------------------------------------------
including 35.35 39.98 4.63 8.89
--------------------------------------------------------------------
and 75.80 87.20 11.40 0.66
--------------------------------------------------------------------
and 100.30 109.65 9.35 0.84
--------------------------------------------------------------------
and 143.43 165.00 21.57 0.73
--------------------------------------------------------------------
and 207.95 223.05 15.10 0.93
--------------------------------------------------------------------
and 236.82 243.10 6.28 1.53
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-219 0.00 4.00 4.00 1.62
--------------------------------------------------------------------
and 260.50 286.00 25.50 0.72
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-222 11.30 22.70 11.40 0.64
--------------------------------------------------------------------
and 65.05 74.92 9.87 1.17
--------------------------------------------------------------------
and 162.75 172.52 9.77 2.83
--------------------------------------------------------------------
including 162.75 166.46 3.71 6.82
--------------------------------------------------------------------
and 187.94 195.24 7.30 0.65
--------------------------------------------------------------------
VVGD-224 86.27 93.95 7.68 0.65
--------------------------------------------------------------------
--------------------------------------------------------------------
and 107.36 123.05 15.69 2.32
--------------------------------------------------------------------
including 113.07 117.90 4.83 6.53
--------------------------------------------------------------------
and 143.75 150.27 6.52 1.63
--------------------------------------------------------------------
and 217.32 224.10 6.78 1.09
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-225 228.60 235.00 6.40 0.62
--------------------------------------------------------------------
and 246.00 266.58 20.58 1.24
--------------------------------------------------------------------
including 250.40 256.00 5.60 2.92
--------------------------------------------------------------------
and 292.20 313.30 21.10 0.85
--------------------------------------------------------------------
and 430.00 433.20 3.20 1.40
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-226 90.00 96.20 6.20 1.06
--------------------------------------------------------------------
and 345.55 366.00 20.45 0.77
--------------------------------------------------------------------
and 383.30 392.00 8.70 0.91
--------------------------------------------------------------------
and 399.00 405.00 6.00 2.37
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-227 0.00 3.65 3.65 0.79
--------------------------------------------------------------------
and 198.00 212.55 14.55 0.90
--------------------------------------------------------------------
and 218.90 222.80 3.90 0.85
--------------------------------------------------------------------
and 230.10 253.70 23.60 0.84
--------------------------------------------------------------------
and 280.00 285.70 5.70 1.89
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-231 54.00 57.50 3.50 0.53
--------------------------------------------------------------------
and 131.00 134.65 3.65 1.54
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-232 10.70 24.70 14.00 0.68
--------------------------------------------------------------------
and 159.50 175.79 16.29 1.03
--------------------------------------------------------------------
including 164.00 167.40 3.40 2.37
--------------------------------------------------------------------
and 196.46 206.80 10.34 2.54
--------------------------------------------------------------------
and 232.00 238.80 6.80 0.57
--------------------------------------------------------------------
and 286.68 290.00 3.32 1.50
--------------------------------------------------------------------
and 300.00 309.80 9.80 0.62
--------------------------------------------------------------------
and 329.95 335.00 5.05 0.61
--------------------------------------------------------------------
and 344.20 355.73 11.53 1.37
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-235 128.00 146.75 18.75 0.79
--------------------------------------------------------------------
and 152.00 157.25 5.25 0.52
--------------------------------------------------------------------
and 163.00 174.70 11.70 0.65
--------------------------------------------------------------------
and 329.00 332.40 3.40 0.87
--------------------------------------------------------------------
and 358.80 373.60 14.80 1.15
--------------------------------------------------------------------
and 417.65 420.75 3.10 1.19
--------------------------------------------------------------------
and 439.00 445.00 6.00 0.78
--------------------------------------------------------------------
and 464.25 487.70 23.45 0.67
--------------------------------------------------------------------
including 464.25 469.00 4.75 1.51
--------------------------------------------------------------------
and 541.00 549.90 8.90 1.56
--------------------------------------------------------------------
--------------------------------------------------------------------
--------------------------------------------------------------------
Grota Seca target
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-236 28.00 36.00 8.00 0.64
--------------------------------------------------------------------
and 46.00 52.80 6.80 0.64
--------------------------------------------------------------------
and 62.75 68.00 5.25 0.65
--------------------------------------------------------------------
and 140.25 162.00 21.75 0.68
--------------------------------------------------------------------
and 177.65 186.00 8.35 0.80
--------------------------------------------------------------------
and 260.15 264.50 4.35 0.90
--------------------------------------------------------------------
and 274.00 311.55 37.55 1.45
--------------------------------------------------------------------
including 278.25 293.00 14.75 2.58
--------------------------------------------------------------------
and 320.00 332.00 12.00 0.59
--------------------------------------------------------------------
and 366.45 374.00 7.55 0.52
--------------------------------------------------------------------
and 390.80 394.00 3.20 1.60
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-243 2.25 10.25 8.00 0.65
--------------------------------------------------------------------
and 16.94 24.00 7.06 0.69
--------------------------------------------------------------------
and 173.65 183.65 10.00 1.62
--------------------------------------------------------------------
and 191.85 208.30 16.45 0.78
--------------------------------------------------------------------
and 238.00 257.00 19.00 1.45
--------------------------------------------------------------------
including 241.00 249.30 8.30 2.90
--------------------------------------------------------------------
and 281.00 286.00 5.00 5.00
--------------------------------------------------------------------
and 310.00 314.00 4.00 2.10
--------------------------------------------------------------------
and 352.00 358.00 6.00 0.85
--------------------------------------------------------------------
and 380.15 389.70 9.55 0.58
--------------------------------------------------------------------
and 406.00 421.20 15.20 4.35
--------------------------------------------------------------------
including 417.60 421.20 3.60 16.58
--------------------------------------------------------------------
and 439.00 452.00 13.00 0.69
--------------------------------------------------------------------
and 485.60 490.40 4.80 0.50
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-246 1.00 16.75 15.75 0.91
--------------------------------------------------------------------
and 38.00 64.05 26.05 0.87
--------------------------------------------------------------------
and 84.80 94.00 9.20 1.35
--------------------------------------------------------------------
and 101.00 105.50 4.50 2.03
--------------------------------------------------------------------
and 126.00 129.00 3.00 1.51
--------------------------------------------------------------------
and 135.45 143.00 7.55 2.62
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-250 48.00 57.45 9.45 4.36
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-252 47.66 55.60 7.94 0.91
--------------------------------------------------------------------
and 241.00 247.00 6.00 0.66
--------------------------------------------------------------------
VVGD-260 1.00 18.00 17.00 0.60
--------------------------------------------------------------------
VVGD-262 71.00 79.50 8.50 1.28
--------------------------------------------------------------------
and 143.25 148.11 4.86 0.56
--------------------------------------------------------------------
VVGD-280 21.30 27.00 5.70 0.77
--------------------------------------------------------------------
and 79.50 99.35 19.85 1.94
--------------------------------------------------------------------
and 124.15 130.45 6.30 4.38
--------------------------------------------------------------------
--------------------------------------------------------------------
--------------------------------------------------------------------
South Block
--------------------------------------------------------------------
--------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-163 NSR
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-180 NSR
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-215 13.00 19.75 6.75 0.80
--------------------------------------------------------------------
and 72.67 78.40 5.73 0.90
--------------------------------------------------------------------
VVGD-221 NSR
--------------------------------------------------------------------
--------------------------------------------------------------------
VVGD-233 NSR
--------------------------------------------------------------------
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VVGD-240 NSR
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Quality Assurance and Quality Control
The scientific and technical information in this press release has been reviewed and approved by David Gower, P. Geo., an advisor to Belo Sun and a Qualified Person as defined by National Instrument 43-101. The exploration program is directly supervised by Mr. Carlos Cravo, P. Geo., Belo Sun's exploration manager. Belo Sun's procedures for handling drill core comprise initial description and logging into a Microsoft Access database. Mineralized, suspected mineralized or not intervals in the drill holes are described in detail and marked for sampling. Core is then cut in half with the right-hand portion of the core put into plastic sample bags and sealed. The left-hand portion is returned to the core box and is stored for future reference or study. Assay standard and "Blank" samples are inserted every 20th sample. These samples are then delivered to ACME Labs sample preparation facility at the Project site. The assay samples are then fine-crushed to better than 85% passing 10 mesh screens, with an assay pulp split of up to 1000 grams pulverized to better than 85% passing 200 mesh screen. Samples are assayed at ACME Labs in Santiago, Chile, using a 50 gram fire assay with AAS finish. These QA/QC procedures provide several measures of data quality and assure the Company that the assay data is representative of the original sample.
The impact of these assay results on the projected economics of the Project has not been the subject of a revised pre-feasibility study or feasibility study.
About the Company
Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX Venture Exchange under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.
Cautionary Statement on Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward- looking information includes, without limitation, statements regarding the impact of these drill results on the Company, projected economics of the project, and its understanding of the project; statements with respect to the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The scientific and technical information in this press release has been reviewed and approved by David Gower, P. Geo., an advisor to Belo Sun and a Qualified Person as defined by National Instrument 43-101. The exploration program is directly supervised by Mr. Carlos Cravo, P. Geo., Belo Sun's exploration manager. Belo Sun's procedures for handling drill core comprise initial description and logging into a Microsoft Access database. Mineralized, suspected mineralized or not intervals in the drill holes are described in detail and marked for sampling. Core is then cut in half with the right-hand portion of the core put into plastic sample bags and sealed. The left-hand portion is returned to the core box and is stored for future reference or study. Assay standard and "Blank" samples are inserted every 20th sample. These samples are then delivered to ACME Labs sample preparation facility at the Project site. The assay samples are then fine-crushed to better than 85% passing 10 mesh screens, with an assay pulp split of up to 1000 grams pulverized to better than 85% passing 200 mesh screen. Samples are assayed at ACME Labs in Santiago, Chile, using a 50 gram fire assay with AAS finish. These QA/QC procedures provide several measures of data quality and assure the Company that the assay data is representative of the original sample. The impact of these assay results on the projected economics of the Project has not been the subject of a revised pre-feasibility study or feasibility study.
About the Company
Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX Venture Exchange under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.
Cautionary Statement on Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of these drill results on the Company, projected economics of the project, and its understanding of the project; statements with respect to the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the Maps associated with this press release, please visit the following link: http://media3.marketwire.com/docs/BELOMAPS.pdf.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
Belo Sun Mining Corp.
Mark Eaton
President and CEO
(416) 309-2137
Source: Belo Sun Mining
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