Strenghtening gold prices, coupled with the release of excellent drill results from the Kupol project in Russia’s Far East, propelled shares in
Highlights from the drilling include: the extension of high-grade mineralization 250 metres to the north at depth; the discovery of a wide, high-grade vein in multiple veins in the North zone; the discovery of a high-grade, sub-parallel or offset vein in the south; the discovery of a high-grade ore shoot in the Central zone; and strong continuity in the high-grade Big Bend zone.
Bema has completed 38 holes totalling 13,800 metres in the North zone. Infill hole 267 resulted in the discovery of the wide high-grade vein, with a true width of 20 metres averaging 31.3 grams gold and 330.3 grams silver per tonne.
In the Central zone, Bema has drilled 47 drill holes totalling 7,220 metres, including one that returned 16.8 metres at a shallow depth grading 17.2 grams gold and 143.1 grams silver.
Another 39 holes totalling 5,500 metres have been drilled into the South zone so far this year.
The key Big Bend zone, which has returned high grades over substantial widths, was subjected to an additional 99 holes totalling 13,800 metres.
Bema plans to complete infill drilling in early October and use all seven rigs to explore the newly discovered vein to the south, the North and North Extension zones, and parallel veins.
The Kupol project is a jointly held by Bema and the Chukotka government. Bema has an option to earn a 75% interest in the property from the government.
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