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Wednesday, June 19 2019 @ 03:33 AM UTC

Bellhaven Copper & Gold & Empire Minerals Drilling Report

Gold & Mining PANAMA CITY, July 31 /CNW/ -- Bellhaven Copper & Gold, Inc. ("Bellhaven" or the "Company") in conjunction with its joint venture partner Empire Minerals Corp. is pleased to announce copper, gold, and silver results from the first completed diamond drill hole of an on-going 3300 meter drill program on the Cerro Chorcha porphyry copper project in the western highlands of Panama. To date three drill holes have been completed. The first drill hole, CH-07-01, was drilled to test a structurally-controlled quartz-magnetite-sulphide stockwork zone that hosts higher grade copper-gold-silver mineralization than what is observed within the larger mineralized Chorcha porphyry system. Results from the sampling of the surface expressions of the stockwork zones were previously reported on April 26, 2007. The main zone of mineralization in Hole CH-07-01 begins at the surface, and is the thickest and the highest grade thus far encountered within the Cerro Chorcha porphyry copper deposit. (more)

Highlights from Hole CH-07-01 include:

From/To Length Copper Gold Silver

0 to 239.4 m 239.4 meters 1.20 % 0.23 g/t 6.1 g/t > > >

Gold values are by fire assay prep and ICP-MS finish, and copper and silver values by multi-acid digestion and ICP-MS analysis. Analyses were performed by ACME Labs in Vancouver.

Hole CH-07-01 is located about 50 meters east of a 1995 Arlo diamond drill hole, G95-10. Hole G95-10 (north azimuth, -60 inclined) cored 309.1 meters (1014.1 feet) of 0.78 % copper and 0.07 g/t gold.

Julio Benedetti, Bellhaven's president and CEO, said this after receiving the results: "The first objective of this drilling program was to find significant high grade near surface mineralization, this first hole goes a long way toward accomplishing that goal. Additionally, we have shown that our new model projects a greater understanding of the resource than has been previously achieved. We are highly enthusiastic about the prospects."

Hole CH-07-01 is a northwest directed -60 degree angle hole that has encountered extensive quartz-magnetite-sulphide stockwork veins and breccias that host the high grade copper-gold-silver mineralization. The entire drill hole (0 to 239.4 meters) (785.43 feet) averages 1.2 % copper, 0.23 grams per tonne of gold and 6.1 grams per tonne of silver. The hole indicates a vector toward greater thickness and grade at depth.

The zone of higher grade copper-gold-silver mineralization in Hole CH-07- 01 is associated with stockwork veins, breccias and disseminations hosted in a quartz diorite to quartz monzodiorite porphyry of probable late Tertiary age within the Cerro Chorcha porphyry intrusive complex. The quartz-magnetite- sulphide stockwork zones appear to be a late, structurally-controlled mineralizing event within the porphyry center. Strong silicification and sericite-chlorite-magnetite alteration are closely associated with quartz- magnetite-sulphide stockwork veining and silica-flooded breccia zones with copper sulphide (chalcopyrite and bornite) mineralization. Minor supergene mineralization (covellite, chalcocite, and native copper) occurs within several meters of the surface and along fault zones at depth. The copper and gold mineralization is hosted in both the oxide and sulfide portions of the stockwork, and is open to the northeast, southeast, southwest, and at depth. The true thickness of the mineralized stockwork zone remains unknown as it is in a porphyry/stockwork environment.

The second drill hole, CH-07-02, is a southeast directed -60 degree angle hole drilled from the same site as Hole CH-07-01. Assay results for Hole CH- 07-02 are pending.

The on-going phase one drill program will serve to test the mineralization at Cerro Chorcha which has a known surface expression of over 1 kilometer in length and over 600 meters in width.

This news release has been prepared under the supervision of Michael D. Druecker, Ph.D., P.Geo. who serves as the Independent Qualified Person for this project under National Instrument 43-101. Sample protocol used at the project includes standards, duplicates and blanks for each sample shipment. A chain of custody review has been completed to ensure the integrity of all sample data. A map and section showing the location of all drill holes is available at the company's website at www.bellhaven-ventures.com.

Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration company with a portfolio of gold and copper properties in the Republic of Panama. The company has issued 20,793,151 shares and has no debt. For more information, please visit the web site at www.bellhavencg.com or call Miguel Villahermosa at toll free 1-866-599-5930.

On behalf of the board of directors,

> Pini Althaus, President, CEO EMPIRE MINERALS CORP. >>

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Additionally, this document may contain certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements.

For further information: Corporate Contact - Julio Benedetti, +1-507-226-3967, or Investor Relations Contact - Miguel Villahermosa, Toll Free: 1-866-599-5930 Web Site: http://www.bellhavencg.com

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