Bellhaven Copper & Gold Inc. (TSXV:BHV) announced the assay results from eleven holes at the La Mina Project in Colombia.
As quoted in the press release:
The holes tested areas peripheral to the known shallow mineralization, and also probed zones within the deposit where the block model demonstrated unrealized mineralized potential. The most significant intercept is shown below:
- LME-1082 – 115.82m averaging 1.01 g/t Au and 0.08% Cu, or 1.15 g/t Au Equiv;
including 63.32m at 1.48 g/t Au and 0.09% Cu, or 1.62 g/t Au Equiv
Bellhaven CEO Patrick Highsmith commented:
These results are a strong finish to the 2012 Middle Zone drill program. Not only have we extended the footprint of mineralization on three sides of the deposit, but we have also identified considerably higher-grade gold-dominant mineralization in the northeast lobe. Furthermore, all of the significant intercepts reported here today come from less than 200m vertically below surface. The near-surface gold-dominant mineralization at La Mina bodes well for the potential economics of its future development.
We expect these drill results to make accretive contributions to the Middle Zone resource model. We are developing additional drill targets between La Cantera and Middle Zone, and we expect to include all this work in a significant resource update and preliminary economic assessment in the first half of 2013.