|
|
| |
|
|
Bellhaven Copper updated on La Mina Project-18th China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
10/27/2016 Copper exhibition -non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
Bellhaven Copper & Gold Inc announced the results of an updated National Instrument 43-101 mineral resource estimate for its 100% controlled La Mina gold-(copper) project Colombia. The Mineral Resource incorporates only La Cantera and Middle Zone prospects and does not include the highly prospective La Garrucha prospect located approximately 800 m to the east. Highlights pertaining to the updated mineral resource estimate include:
1.01 Moz gold equivalent contained in Indicated Mineral Resources and 0.43 Moz gold equivalent contained in Inferred Mineral Resources at base-case 0.25 g/t gold cut-off grade.
1.23 Moz gold-equivalent contained in Indicated Mineral Resources and 0.53 Moz gold equivalent in Inferred Mineral Resources at breakeven 0.10 g/t gold cut-off grade (See Tables 1 and 2 for details on tonnages, grades, and contained metals at various cut-off grades).
Approximately 70% of the Mineral Resources are now classified as Indicated Mineral Resources whereas previously all of the Mineral Resources were defined as Inferred Mineral Resources.
The Mineral Resources are now in-pit constrained mineral resources. Previously the Mineral Resources were in-situ mineral resources.
Dr Paul Zweng CEO and Chairman of Bellhaven said that "We are very pleased with the revised mineral resource estimate for the La Mina Project which incorporates additional drill holes as well as updated metal prices, metallurgical recoveries, and mining/cost factors. The revised Mineral Resources are defined as in-pit resources whereas in the past all were delimited as in-situ resources¡ªthe new Mineral Resources are thus more conservative. The conversion of ~70% of the Mineral Resources to Indicated Mineral Resources is a huge value-add for Bellhaven''s shareholders. These two improvements greatly upgrade the quality of the Mineral Resource, thereby de-risking the Project."
He added that "The aeromagnetic anomaly over the nearby La Garrucha prospect is substantially larger than those over either La Cantera or Middle Zone prospects. Drill holes collared at La Garrucha have yielded multiple 100-m-plus intercepts of 1.0 g/t gold (or better) grades (see press releases of June 5 and 27, July 10, and September 10, 2013). Next year we intend to drill the requisite number of holes at La Garrucha so as to provide the basis for calculating a mineral resource estimate for this prospect."
-18th China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
|
|
|
|
|
