Mon December 21, 2010.
Bellhaven commences Drilling at its High-Sulphidation Epithermal Gold Prospect at Bejucosa, Pitaloza, Panama
Applications for all Mineral Exploration Concessions Located within Panama's Azuero Peninsula Now in Progress
Panama, Rep. of Panamá – December 21, 2010. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce that the first drill hole at Bejucosa, one of three prospects at Bellhaven’s 100%-owned Pitaloza project, is now under way. Bellhaven’s 4,000-m drilling program is focused on testing feeder zones and massive silica exposed in trenching and outcrops at both the Bejucosa and Caracucho prospects. These targets have been identified by past exploration efforts, yielding substantial intercepts in excess of 1 g/t Au in select trenches (Bejucosa and Caracucho) and drill holes (Caracucho only—no prior drilling had occurred at Bejucosa). See press releases of April 13th, June 3rd, July 8th, July 28th, and August 3rd for more details.
The Company is also pleased to report that all of its applications for exploration concessions located within Panama’s Azuero Peninsula, which previously had been submitted to the Department of Mineral Resources within the Ministry of Industry and Commerce, have been accepted and are now in process. Management believes its applications for mineral exploration concessions, as well as its request to extend for two years the previously granted mineral exploration concession known as Pitaloza, will be issued within the appropriate time frame.
“We are pleased to be drilling now at our first exploration project at Pitaloza in Panama. There are numerous targets at Pitaloza, so we expect to drill substantially more than 4,000 m in the weeks ahead. We will start drilling first at Bejucosa and then later move to Caracucho. Besides our drilling program, we are moving rapidly to initiate a number of new exploration programs at our other high-sulphidation epithermal prospects located on the Azuero Peninsula. We anticipate that these initiatives will substantially advance the other projects, producing additional drill-ready sites for 2011.”
The Company’s principal assets include the La Mina porphyry gold-(copper) project in the Middle Cauca belt of Colombia, the Pitaloza and three other high-sulphidation epithermal gold-(copper) and porphyry copper prospects located on the Azuero Peninsula in Panama.
On behalf of the board of directors,
Paul L. Zweng, Interim CEO & Director
BELLHAVEN COPPER & GOLD INC.
Corporate Contact in North America: Corporate Contact in Panama:
Paul Zweng, CEO/Director Julio Benedetti, President/Director
+1-808-377-1947 Int’l No: +507-226-3967
For more information, please visit the Company’s web site at www.bellhavencg.com
Neither the 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.