Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Belvedere Resources Ltd.

Publié le 01 mars 2012

Belvedere Substantially Increases Resources at Hitura Nickel Mine

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Cobalt | Copper | Nickel |

Belvedere Substantially Increases Resources at Hitura Nickel Mine, Finland

VANCOUVER, BRITISH COLUMBIA--(March 1, 2012) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere") is pleased to announce an updated resource for the Hitura Nickel Mine. In addition to the current underground reserves and resources, the company is pleased to report a new open pit resource of 3.35 Mt @ 0.42% nickel containing 15,745tonnes (34.7 million pounds) of nickel metal. This resource occurs from surface to 150 metres vertical, and upon completion of a successful feasibility study into restarting operations in the old open pit, due by the end of March, the in-pit portion will be brought into reserves, in preparation for mining.

David Pym (CEO) comments "The open pit cutback is one of a number of initiatives the company is investigating, to increase throughput and lower operating costs at the Hitura mine. The open pit cutback alone once economically proven, will potentially add 3-4 years to the mine life at Hitura.".

The Qualified Person responsible for the Independent Technical Report has determined that the Hitura Nickel Mine has NI 43-101 compliant Mineral Reserves and Resources, reported at a 0.54% Ni cut-off (and 0.3% Ni cut-off for the Open Pit Extension) as follows:

Hitura Mine Mineral Reserve Estimate
Mineral Reserve Estimate Tonnage Ni % Cu% S%
Proven Reserve 312,000 0.61 0.24 2.42
Probable Reserve 444,000 0.59 0.22 2.05
Total Mineral Reserve 756,000 0.60 0.23 2.21
         
Hitura Mine Mineral Resources
Measured Mineral Resource Tonnage Ni % Cu% S%
North Hitura (Cut-off 0.54% Ni) 96,000 0.77 0.28 3.35
Measured Mineral Resource 96,000 0.77 0.28 3.35
         
Indicated Mineral Resource Tonnage Ni % Cu% S%
North Hitura (Cut-off 0.54% Ni) 1,147,000 0.69 0.23 3.34
Middle Hitura (Cut-off 0.54% Ni) 182,000 0.68 0.21 2.33
Indicated Sub Total 1,329,000 0.68 0.23 3.20
Open Pit Extension (Cut-off 0.3% Ni) 3,350,000 0.42 0.13 1.33
Indicated Mineral Resource 4,679,000 0.50 0.16 1.86
         
Total Mineral Resource (M + I) 4,775,000 0.50 0.16 1.89
         
Inferred Mineral Resource Tonnage Ni % Cu% S%
North Hitura (Cut-off 0.54% Ni) 183,000 0.7 0.3 2.9
Middle Hitura (Cut-off 0.54% Ni) 22,000 0.6 0.2 2.2
South Hitura (Cut-off 0.54% Ni) 257,000 0.7 0.3 5.9
W off set (Cut-off 0.54% Ni) 28,000 0.7 0.2 3.2
Inferred Mineral Resource 490,000 0.7 0.3 4.5

Mineral Reserve and Resource Statement:

The mineral reserve and resource estimate for Hitura is effective from 31st December, 2011, and has been prepared by Pekka Lovén and Markku Meriläinen of Outotec (Finland) Oy. The mineral resource and reserve estimates have been prepared under the supervision of Pekka Lovén (MSc), MAusIMM(CP) #301822, who is acting as an Independent Qualified Person in compliance with National Instrument 43-101 with respect to this release.

Mineral reserves are exclusive of mineral resources

The underground mineral resource was calculated using block modelling, made up of 5m x 5m x 5m parent blocks, with sub-blocks of 2.5m x 2.5m x 2.5m constrained by a 0.47% Ni grade envelope. The grades inside the blocks were calculated using a combination of ordinary Kriging and an inverse distance squared method, depending on the quality of the variograms associated with the different ore zones. The maximum search distance was 200m for all estimations. The distance between the drilling profiles used for constructing the grade envelopes, varies from 6 m to 25 m but the most frequent one is 12.5 m. The minimum of 3 and maximum of 15 composites were used to estimate the block grade. An average specific gravity of 2.7 was assigned for all blocks.

The open pit extension mineral resource was calculated using block modelling, made up of 5m x 5m x 10m blocks, constrained by a 0.35% Ni grade envelope. Three separate groups of wireframe solids were constructed representing the east, central and west mineralised bodies. The grades inside the blocks were calculated using an inverse distance squared method, with different search ellipsoids for each body. The maximum search distance was 200m for all estimations. The minimum of 3 and maximum of 20 composites were used to estimate the block grade. An average specific gravity of 2.65 g/cm3 was assigned for all blocks.

The calculation of Reserves is based on the ongoing profitable mining operations at the Hitura Mine. The key economic criteria that have been used for the calculation of reserves are based on the preceding 12 months of production at the mine, through to end of December 2011. The operating cost for this period was € 36.7/tonne of ore. Belvedere has an offtake agreement in place with Jinchuan Group Ltd for a 2 year period ending in February 2014. For the purpose of calculating reserves a nickel price of $20,323 has been used.

The Technical Report supporting this press release will be filed and available on www.sedar.com within the required 45 day period. A statement of "Consent of Qualified Person" relating to this press release has been filed on Sedar.

About Belvedere:

Belvedere Resources Limited is a mining company incorporated in British Columbia with a primary focus on nickel, gold, cobalt and copper in Finland. The Company currently produces 2500t of nickel in concentrate/year from the Hitura nickel mine in Central Finland. The Company has a number of advanced gold projects in close proximity to the Hitura mine.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and uncertainties. Without limitation, statements regarding conversion of resources to reserves, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements.

BELVEDERE RESOURCES LTD.

David Pym, CEO

Suite #404, Vancouver World Trade Centre

999 Canada Place, Vancouver. BC.

V6C 3E2, Canada

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this release.

Contact Information

Scott Findlay
+1 647 274 2536

www.belvedere-resources.com



This message was sent to .com from:

Belvedere Resources | Suite #404, Vancouver World Trade Centre, 999 Canada Place | Vancouver, BC V6C 3E2, Canada

Email Marketing by iContact - Try It Free!

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Belvedere Resources Ltd.

EN DÉVELOPPEMENT
CODE : BEL.V
ISIN : CA0809031077
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Belvedere Res. est une société d’exploration minière de nickel et de cuivre basée au Canada.

Belvedere Res. est en développement de projets de nickel, de cuivre et de cobalt en Finlande, et détient divers projets d'exploration en Finlande.

Ses principaux projets en développement sont HAUTALAMPI et HITURA en Finlande et ses principaux projets en exploration sont LUIKONLAHTI MILL, HIRSIKANGAS, HAARAKUMPU, VALKEISENRANTA, SAHAKOSKI, OSIKONMÄKI, SARKINIEMI, KIIMALA, RANTASALMI et MÄNTYMÄKI en Finlande.

Belvedere Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 60,6 millions CA$ (46,7 millions US$, 39,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 juin 1997 à 9,99 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$.

Belvedere Res. possède 73 904 013 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Belvedere Resources Ltd.
24/12/2013=3A Proposed Private Placement and Share Consolidation
15/02/2011Belvedere Issues 19,094,286 Shares Under Convertible Loan
01/02/2011Belvedere Completes 3,000,000 Private Placement
12/01/2011Private Placement to raise up to CAD $2.5 million
Rapports Financiers de Belvedere Resources Ltd.
30/08/2013Reports Financial and Operating Results for Second Quarter o...
30/05/2013Reports Financial and Operating Results for First Quarter of...
09/07/2011Reports Financial and Operating Results for Q1 2011 -Correct...
Projets de Belvedere Resources Ltd.
14/08/2013(Hitura)Hitura Tailings Expansion Selected as Test Bed for EU Life T...
20/07/2013(Hitura)Provides Status Update on Hitura Nickel Mine and Kopsa Gold ...
23/05/2013(Hitura)to Suspend Nickel Mining Operations at Hitura Nickel Mine
28/01/2013(Hitura): Hitura Mine Operational Update
09/01/2013Belvedere Commences Follow-Up Drilling on Their Antikanper
24/04/2012High Grade Gold Discovery at Osikonmaki Prospect Confirmed a...
29/02/2012Osikonmaki Yields Intersection of 9.6 Metres Averaging 10.0 ...
18/01/2012Reports Further High Grade Gold Drill Results at Kopsa
05/12/2011Ltd: Gold Results From Drilling at Kopsa
11/10/2011Belvedere Significantly Increases Gold Resources on Their Os...
30/06/2011(Rantasalmi)Drilling Continues to Grow Belvedere's Osikonmaki Gold Prosp...
18/05/2011Osikonm=E4ki Prospect delivers further high-grade gold inter...
30/03/2011(Osikonmäki)drills high-grade gold at their Osikonm=E4ki Prospect in Fin...
24/03/2011(Kiimala)Signs LOI With REBgold on the Kiimala and Rantasalmi Gold Pr...
24/03/2011(Rantasalmi)Signs LOI With REBgold on the Kiimala and Rantasalmi Gold Pr...
23/02/2011(Hitura)Commences Open-Pit Expansion Studies at the Hitura Nickel Mi...
01/02/2011(Osikonmäki)commences drilling on their Rantasalmi Gold Property
29/07/2010(Hitura)Restarts production ahead of schedule
17/06/2010(Hitura)On track for the restart
02/06/2010(Kiimala)Indicated Resource Estimate for the K1(Ängesneva) occurrence
07/05/2010Intersects 92 metres averaging 3.2 g/t gold at Kopsa
08/04/2010(Hitura)Plans to Restart the Mine and the Signing of an Offtake Agre...
23/03/2010(Hitura)Evaluates Potential For The Restart & Commences Drilling on ...
15/02/2010(Hitura)Belvedere Re-Acquires Hitura Nickel Mine from Administrators
02/12/2009(Hirsikangas)Maiden Resource Estimate For Hirsikangas
07/10/2009(Kiimala)commences drilling on their Kiimala Gold Property
Communiqués de Presse de Belvedere Resources Ltd.
23/12/2015Belvedere Mining Oy Initiates Voluntary Bankruptcy Proceedin...
04/03/2015Belvedere-Corporate Update
27/01/2015Belvedere Closes Private Placement
26/12/2014Belvedere Resources Ltd.: Correction to December 24, 2014 Ne...
24/12/2014Belvedere Resources Limited: First Tranche of Private Placem...
28/11/2014Belvedere Reports Third Quarter 2014 Financial and Operating...
27/11/2014Belvedere Resources Ltd.: Private Placement
20/11/2014Belvedere Resources Ltd.: Private Placement
15/10/2014Belvedere Resources Ltd: Private Placement and Loan
29/08/2014Belvedere Reports Second Quarter 2014 Financial and Operatin...
29/07/2014Belvedere Closes Non-Brokered Private Placement (Revised)
04/07/2014Belvedere Resources Limited: Proposed Private Placement
30/05/2014Belvedere Reports First Quarter 2014 Financial and Operating...
14/05/2014Belvedere Starts Further Tests on Open-Pit Nickel Ore for Pr...
01/05/2014Belvedere Reports Annual and Fourth Quarter Financial and Op...
30/04/2014CORRECTION FROM SOURCE: Belvedere Closes Non-Brokered Privat...
30/04/2014Belvedere Closes Non-Brokered Private Placement
16/04/2014Belvedere Resources Ltd.: Proposed Non-Brokered Private Plac...
29/11/2013Financial and Operating Results Q3 2013
02/10/2013News Release
02/10/2013Announces Positive PEA on Their Kopsa Gold Copper Project
24/08/2013Announces Agreement With Jinchuan to Defer Preference Shares...
01/05/2013Reports Financial and Operating Results for 2012
19/03/2013Belvedere Confirms Gold Mineralisation Along 2.5 KM Strike a...
19/03/2013Confirms Gold Mineralisation Along 2.5 KM Strike at Antikanp...
08/02/2013: Disclosure Clarification
18/01/2013Booth 1043 Vancouver Resource Investment Conference
09/01/2013Commences Follow-Up Drilling on Their Antikanperä Gold Disco...
29/10/2012Belvedere Announces Mineral Resource Estimate for Kopsa Gold...
29/10/2012Announces Mineral Resource Estimate for Kopsa Gold-Copper Pr...
17/10/2012Belvedere Resources: Osikonm=C3=A4ki East Hanging Wall gold ...
17/10/2012Osikonmaki East Hanging Wall Gold Zone Extended to 200m Down...
19/09/2012: Significant New Gold Discovery on Antikanperä Property
30/08/2012Reports Financial and Operating Results for Second Quarter o...
13/08/2012Belvedere Resources Ltd. Recent Drilling Confirms Potential ...
15/06/2012Belvedere Welcomes New Director
31/05/2012Reports Financial and Operating Results for First Quarter of...
30/04/2012Financial and Operating Results for 2011
19/04/2012Belvedere converts Open Pit Resources to Reserves at Hitura ...
01/03/2012Belvedere Substantially Increases Resources at Hitura Nickel...
09/01/2012(Hitura)Renews Offtake Agreement for Hitura Mine Concentrate
29/11/2011Reports Financial and Operating Results for Q3 2011
29/08/2011Reports Financial and Operating Results for Q2 2011
16/08/2011Engages Investor Relations Firm
21/07/2011REBgold and Belvedere move forward with Finnish JV
06/07/2011Reports Financial and Operating Results for Q1 2011
16/06/2011Kopsa Project Generates +90% Gold and Copper Recoveries Into...
03/05/2011Reports Financial and Operating Results for 2010
20/04/2011Announces Amendment to Agreement With Jinchuan
25/03/2011REBgold Signs LOI with Belvedere on the Kiimala and Rantasal...
19/08/2010Closes Convertible Loan Facility
17/11/2009Announces Material Change
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (BEL.V)
0,820+0.00%
TSX-V
CA$ 0,820
11/06 16:59 -
0%
Cours préc. Ouverture
0,820 0,830
Bas haut
0,820 0,850
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,820 -%
Volume var. 1 mois
20 800 -%
24hGold TrendPower© : 4
Produit
Développe Cobalt - Copper - Nickel
Recherche Cobalt - Copper - Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 08/10/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2018168,85%0,930,20
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,15 AU$-3,77%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
5,77 US$-2,86%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,80 GBX-3,75%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-11,11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,05 CA$+3,02%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,55 CA$+1,18%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,18 CA$+2,86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,30 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,50 CA$+2,46%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
68,46 US$+0,26%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :