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DENVER, COLORADO -- (Marketwire) -- 02/28/13 -- Bellhaven Copper & Gold Inc. (TSX VENTURE: BHV) ("Bellhaven" or the "Company") is pleased to report drill results from four recent holes at the La Mina Project in Colombia (Figures 1 and 4). The two most recent holes test the western edges of the La Garrucha porphyry. Drill hole LME-1096 at La Garrucha returned an impressive run of consistent gold-copper mineralization for over half of its 350-meter length, including the following:
82.36 meters @ 0.48 g/t Au, 0.17% Cu, 0.76 g/t AuEq and 26.85 meters @ 0.64 g/t Au, 0.13% Cu, 0.85 g/t AuEq (to end of hole)
The current program adds much needed information about the geology and grade distribution at La Garrucha, where a 2011-2012 drill program discovered a gold-copper porphyry deposit similar in style to that of La Cantera and Middle Zone. These first holes at La Garrucha collar in an outer unit of marginally mineralized intrusive rock, but two of these holes bottom in +1 g/t Au mineralization. Bellhaven geologists believe this to be a strong indication that the east-directed drilling is just entering the core of a strong mineralizing system.
The two other holes in this news release probe the area between La Cantera and Middle Zone resources (the 'LC-MZ Gap'), where magnetic and IP surveys suggest a possible magnetic intrusive at depth. One of these holes intercepts an intrusive similar to the units encountered at La Cantera, though gold and copper mineralization was relatively low. For maps showing the location of the drill holes, as well as relevant geologic cross sections highlighting the gold-copper intercepts, please use the following link: http://file.marketwire.com/release/bhv228_Figs1-5.pdf
Patrick Highsmith, Bellhaven's CEO, commented on the latest drilling:
"We are very excited to announce results from two more drill holes in the newly discovered La Garrucha porphyry. Drill hole LME-1096 redefined the scale of the Garrucha target, intersecting 208m of continuous mineralization averaging 0.63 g/t Au equivalent without a cutoff grade. These holes are collared in the weakly mineralized halo around the system, but the mineralization strengthens to the east and with depth. The bottom portion of drill hole LME-1096 reaches into the core of a porphyry system having many similarities to the high-grade La Cantera deposit, which is only 700m to the west. Based on the geophysical anomaly, the mineralized porphyry surface showings, and encouraging results from early drilling, we see the potential for a significant gold-copper porphyry deposit at La Garrucha. We currently have one drill at La Garrucha, and we expect to move to the new Cristalina target in March."
The tables below summarize the significant intercepts from the four drill holes.
Table 1 - Significant New Drill-Hole Results for La Garrucha Target, La Mina Gold-(Copper) Project, Colombia
----------------------------------------------------------------------------Drill From To Intercept Au Cu Ag AuEqHole (m) (m) (m) (g/t) (%) (g/t) (g/t) Prospect----------------------------------------------------------------------------LME- La 1095(i) 180.50 188.50 8.00 0.281 0.14 1.6 0.50 Garrucha---------------------------------------------------------------------------- 248.20 280.11 31.91 0.47 0.09 1.8 0.61--------------------------------------------------------------------------------------------------------------------------------------------------------LME- La 1096(i) 150.00 161.54 11.54 0.20 0.16 7.1 0.45 Garrucha---------------------------------------------------------------------------- 174.70 185.22 10.52 0.40 0.22 4.7 0.68---------------------------------------------------------------------------- 199.64 282.00 82.36 0.48 0.17 3.3 0.76---------------------------------------------------------------------------- 293.00 301.45 8.45 0.57 0.11 1.7 0.74---------------------------------------------------------------------------- 322.96 349.81 26.85 0.64 0.13 1.9 0.85----------------------------------------------------------------------------including 339.00 349.81 10.81 1.10 0.20 3.4 1.40----------------------------------------------------------------------------(i) Final reported intervals extend to end of hole.
