Mon December 13, 2010.
Bellhaven Drills 1 g/t Au and 0.36% Cu (1.6 g/t AuEq) over 126 Meters at the La Mina Porphyry Gold-(Copper) Project, Colombia
Secon Intercept (fourther-down-hole) of 45m @ 0.95 g/t Au & 0.44% Cu (1.7 g/t AuEq)
Panama, Rep. of Panamá – December 13, 2010. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) (“Bellhaven” or the “Company”) is pleased to announce its most recent drill hole (DDH-14), targeting the La Cantera prospect, cut two substantial intervals of porphyry and breccia containing high levels of gold and copper.
This hole was designed to test the down-dip extension of the relatively low-grade gold-copper intercept (54 m @ 0.42 g/t Au, 0.21% Cu, 0.70 g/t AuEq) contained in DDH-04 drilled by prior workers in 2006. The Bellhaven hole was successful in cutting this down-dip extension but found twice the grade over a similar width (45 m @ 0.95 g/t Au, 0.44% Cu, 1.71 g/t AuEq). More importantly, the Bellhaven hole also yielded well over a 100 m of highly mineralized porphyry and breccia higher in the hole (126 m @ 1.02 g/t Au, 0.36% Cu, 1.64 g/t AuEq).
“The La Cantera prospect at La Mina continues to deliver substantial grade and thickness with each hole. Our most recent hole is an improvement over the prior hole drilled in this one specific area in 2006. The second intercept of our hole extended the vertical dimension of that one zone by 150 m, adding size and tonnage. The principal intercept, containing over 100 m of 1 g/t Au and 0.36% Cu, occurs only 70-80 m below the surface and the zone likely extends upwards to the surface. These thick intercepts are compatible with a deposit amenable to a large-scale, open-pit mining scenario.”
“We are continuing to drill at La Cantera and look forward to reporting additional drill results from both La Cantera and the Middle Zone in the months ahead.”
Bellhaven initiated its maiden drilling program at its La Mina project last summer (see press release dated July 27, 2010). Three holes collared at the La Cantera prospect were reported in the September 9th press release. The first four holes drilled at the second prospect, the Middle Zone, were highlighted in the October 12th, November 2nd and 17th press releases. This press release discusses the eighth drill hole of the program, DDH-14, collared at La Cantera. Data related to the drill holes are presented in Tables 1 and 2.
Drill-hole DDH-14 was designed to test the down-dip extension of the 54-m long intercept found in DDH-04 drilled in 2006. Starting at a down-hole depth of 100 m, the hole cut 146 m of mineralized porphyry and breccia averaging 0.93 g/t Au and 0.33% Cu (1.51 g/t AuEq) based on a 0.40 AuEq cut-off grade. Within this zone occurs the 126-m long zone containing 1.02 g/t Au and 0.36% Cu (1.64 g/t AuEq) reported above. The mineralized interval was truncated by a late (post-mineral) porphyry stock. Further down hole, DDH-14 cut the La Cantera diorite porphyry and a series of breccia bodies. These rocks form a 62-m intercept containing 0.75 g/t Au and 0.38% Cu (1.40 g/t AuEq) based on a 0.40 g/t AuEq cut-off grade. Contained within this zone is the 45-m zone averaging 0.95 g/t Au and 0.44% Cu (1.71 g/t AuEq) reported above. This zone represents the downward extension of the 54-m zone cut in DDH-04 in 2006. The vertical distance between the two intercepts is approximately 150 m. Significantly, the downward extension is approximately twice the grade over similar widths. The true width of the intercepts is approximately 64% of the reported intercept length. Both zones remain open to depth. Currently Bellhaven is drilling DDH-15 to test the downward extension of these zones.
ALS Colombia Ltda. prepared the drill-core samples, producing the sample pulps in Bogota. The South American Central Lab of ALS Chemex in Lima, Peru, performed all assays pertaining to the drill-core samples highlighted in the text and table above. Gold was analyzed by fire assay on a 50-gram sample with an atomic-absorption finish. Copper was analyzed using four-acid digestion, ICP-AES. The Company maintains a QA-QC program regarding the preparation, shipping, and checking of all samples, including the use of certified standard reference materials, blanks, as well as field- and pulp duplicates.
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
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.