BHV

Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is
pleased to announce that the first drill hole is now underway at the Company's
La Garrucha Au-(Cu) prospect. This drill hole, LME-1100, is collared in the
central region of the large magnetic anomaly and will pass directly beneath
where recent channel samples along a stream returned values up to 0.88 g/t gold
and 0.30% copper. The hole is designed to exit the target near where DDH
LME-1096 nicked the edge of the magnetic anomaly, returning 10.81 m averaging
1.10 g/t gold, 0.20% copper (1.40 g/t gold equivalent; see news release of
February 28). 


La Garrucha prospect is a Au-(Cu) porphyry deposit, similar to La Cantera and
Middle Zone deposits where Bellhaven has discovered 2.55 Moz of gold equivalent
located less than a kilometre away (see news release dated July 9, 2012; for
disclosure on gold equivalent, see Forward-Looking Statements at the bottom of
this news release). Gold and copper at La Garrucha and La Cantera are coincident
with strong magnetic anomalies. 


For maps and a cross section of the current drill hole, channel samples, and
associated magnetic anomaly, see the following link:
http://media3.marketwire.com/docs/BHVFigs.pdf


The Company holds an undivided interest in the western portion of La Garrucha
and signed an option agreement to acquire a 100% interest in the remaining
portions of La Garrucha (see news release of March 26). 


Julio Benedetti, Bellhaven's CEO and Chairman, commented as follows:

"In the past all of our drilling at La Garrucha was restricted to the western
fringe of the large magnetic anomaly because of ownership issues. Despite these
challenges, we were pleased with the results-particularly DDH LME-1096 which cut
the edge of the anomaly, returning gold grades up to 2 g/t in the final metres
of the hole. Now that Bellhaven has unified ownership of La Garrucha, the first
test of the core region of the magnetic anomaly can commence. We are excited
finally to begin this test."


About Bellhaven

Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV) exploration
company exploring for gold and copper in Panama and Colombia. The Company's goal
is to be a leader in gold and copper development in Panama and Colombia.
Bellhaven focuses on discovery, acquisition, and development of high-quality
resources in a safe and responsible manner for the benefit of all of its
stakeholders.


The Company's flagship project is La Mina, a series of porphyry gold-(copper)
deposits located in the Middle Cauca belt of Colombia. The total La Mina
resource now includes 1.6 Moz gold and 419 million pounds of copper (or 2.55 Moz
gold equivalent) contained in 79.9 million tonnes averaging 0.62 g/t Au, 0.24%
Cu, or a gold equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade).
The average grade of 1.0 g/t gold equivalent makes La Mina one of the highest
grade gold-(copper) porphyry deposits in the Americas. The Company is currently
seeking to develop and grow these resources through mine development and ongoing
exploration of the La Mina and La Garrucha concessions. For more information
regarding Bellhaven, please visit our website at www.bellhavencg.com.


On behalf of the board of directors,

Julio Benedetti, CEO & Chairman of the Board of Directors

BELLHAVEN COPPER & GOLD INC.

Forward-Looking Statements

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.


Gold equivalent grades have been calculated using the following formula: AuEq =
Au(g/t) + (Cu(%)) x (%Recoverable Cu / %Recoverable Au) x (Net Cu Price/Net Au
Price) x (%Payable Cu / %Payable Au x 22.0462 x 31.1035). Metal recoveries are
estimates based on metallurgical results announced in Bellhaven's news release
dated Nov. 15, 2011. Net metal prices for gold and copper are the long-term
forward-curve metal price minus refining charge. Metal prices based on the
long-term forward curve are as of May 8, 2013. Metal refinery charges and %
payable metal by the smelter are estimates based on third-party consultants.
Metal prices, refinery charges and % payable metal are not constant and are
subject to change. Mineral resources are not mineral reserves and do not have
demonstrated economic viability. There is no certainty that all or any part of
the mineral resources will be converted into mineral reserves.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bellhaven Copper & Gold Inc. - North America:
Mrs. Milagros "Millie" Paredes
President/Director
(971) 344-1500
mparedes@bellhavencg.com


Bellhaven Copper & Gold Inc. - Panama:
Mr. Julio Benedetti
CEO/Chairman
+507-226-3967
juliobenedetti@bellhavencg.com
www.bellhavencg.com

Grafico Azioni Bellhaven Copper & Gold Inc. (TSXV:BHV)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Bellhaven Copper & Gold Inc. (TSXV:BHV)
Storico
Da Giu 2023 a Giu 2024