Bellhaven Copper & Gold (BHV-V) hit its best intercept yet at its La Mina Project in Colombia – and it came from a relatively new zone on the property.
The company reports that the highlight intercept of 98 metres averaging 1.24 grams gold and 0.14% copper came from the Middle zone deposit at the project, and that mineralization was struck at just 6 metres of depth.
Another hole, also from the Middle zone returned a highlight intercept of 140 metres grading 0.48 grams gold and 0.18% copper.
The company says the holes expand the volume of the gold-rich style of mineralization both laterally and vertically by more than 100 metres.
In total, the Middle zone’s footprint is now more than 300 metres along a NE-SW axis and 230 metres in the NW-SE direction.
The deposit sits roughly 500 metres to the north-northwest of the La Cantera resource area. In September of last year the company released a maiden resource estimate for La Cantera that outlined inferred resources of 40.5 million tonnes grading 0.77 grams gold and 0.31% copper for 1.65 million gold equivalent ounces.
Drilling at the Middle zone has deepened mineralization to more than 680 metres, at which depth one hole bottomed in mineralization with an intercept of 10.6 metres grading 0.7 grams gold equivalent.
Bellhaven says that the higher gold to copper ratios found in near-surface mineralization at the Middle Zone should have a positive impact on the zones upcoming mineral resource calculation.
The company says that a resource update for the project will be out before the end of the first half of the year.
La Mina sits within the Middle Cauca belt of Miocene-age volcanic and plutonic rocks in central Colombia. The region is known to host large porphyry gold deposits like AngloGold Ashanti’s (AU-V) 12 million oz. La Colosa deposit .
In Toronto on Feb. 9 the company’s shares were up a penny to 45¢ on roughly 350,000 shares traded.
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