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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/13 -- Belvedere Resources Ltd. (TSX VENTURE: BEL)("Belvedere") is pleased to announce results from the reconnaissance drilling campaign on their 10 km2 Antikanpera gold property. This phase of drilling was aimed at investigating the possible strike extents to the Pontio gold discovery, announced in September 2012, along the M2 geophysical trend. Twelve new holes were drilled along a 2.5 km strike for a total of 1167 m. The drilling was successful in intersecting mineralised diorite and plagioclase porphyry of similar style to the initial Pontio discovery in all but three of the drillholes.
Highlights:
-- 15.51 m @ 1.47 g/t Au extending Pontio mineralisation down dip in BelAnp017-- 20.01 m @ 1.07 g/t Au new zone mineralisation intersected 270m south of Pontio in BelAnp026-- 22.04 m @ 0.6 g/t Au in parallel (?) intrusive system 1.4 km south of Pontio in BelAnp023-- 84.03m @ 0.47 g/t Au 2.1 km south of Pontio in BelAnp024
David Pym CEO states "The drilling campaign has been successful in beginning to outline a large strikelength of gold mineralised intrusive over 2.5 km on the M2 geophysical trend. Considering the lack of outcrop, this phase of drilling has been remarkably successful, potentially indicating that a number of mineralised intrusives are present on the trend. The new mineralised zones in BelAnp023 and 024 open up considerable new exploration potential in the southern areas of the trend, with 023 being collared in mineralisation and 024 being mineralised along the entire length of the drillhole"
----------------------------------------------------------------------------Hole_ID From (m) Interval (m) Au g/t Cu (ppm) Gram Metres----------------------------------------------------------------------------BELANP017 59.73 61.07 0.77 524 46.9----------------------------------------------------------------------------including 78.90 4.10 1.51 962 6.2----------------------------------------------------------------------------including 91.12 15.51 1.47 889 22.8----------------------------------------------------------------------------BELANP018 49.40 18.41 0.64 572 11.7----------------------------------------------------------------------------including 50.35 4.53 1.17 748 5.3----------------------------------------------------------------------------BELANP020 79.99 15.41 0.34 223 5.2----------------------------------------------------------------------------BELANP022 1.74 16.20 0.44 362 7.2----------------------------------------------------------------------------BELANP022 36.54 2.22 1.89 539 4.2----------------------------------------------------------------------------BELANP023 1.11 22.04 0.60 582 13.2----------------------------------------------------------------------------including 6.38 1.14 3.85 386 4.4----------------------------------------------------------------------------BELANP024 17.37 84.03 0.47 374 39.6----------------------------------------------------------------------------including 23.40 0.97 3.53 240 3.4----------------------------------------------------------------------------including 66.61 1.34 2.35 694 3.1----------------------------------------------------------------------------BELANP026 44.23 20.01 1.07 701 21.4----------------------------------------------------------------------------BELANP028 29.20 5.21 0.94 596 4.9----------------------------------------------------------------------------including 30.43 1.07 2.94 1050 3.1----------------------------------------------------------------------------BELANP028 58.05 8.85 0.43 344 3.8----------------------------------------------------------------------------
