Bellhaven Expands Panama Holdings
Saturday, November 03 2007 @ 03:50 PM UTC
Contributed by: Don Winner
The below is a breakdown of the mineral resources at Cerro Quema:
Cut-off grade Tonnes Grade Ozs
Measured 0.3 8,611,500 1.01 278,400
Indicated 0.3 6,529,400 0.82 173,000
Total 15,140,900 0.93 451,400
(*)Source: "Cerro Quema Concession, Republic of Panama General Update and Revised Mineral Reserve and Resource Estimates As of January 1, 2004, An
addendum To the Mineral Reserve Audit Quema Project Prepared by Chlumsky, Armbrust and Meyer, LLC June 3, 2003, Readdressed to Glencairn Gold Corporation May 4, 2007.
According to the terms of the DA with Glencairn, Bellhaven will pay an aggregate USD$6 million to Glencairn over the next 15 months to acquire Glencairn's 60% interest in the Cerro Quema property (Bellhaven has already
signed a DA with Carena Equities of Panama to acquire 40%).
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 23,583,101 shares and has no debt. For more
information, please visit the web site at http://www.bellhavencg.com or call
Miguel Villahermosa at toll free 1-866-599-5930.
On behalf of the board of directors,
Julio C. Benedetti, President, CEO BELLHAVEN COPPER AND GOLD, INC. >> << Corporate Contact: Investor Relations Contact: Julio Benedetti Miguel Villahermosa Tel: +011(507) 226.3967 Toll Free: 1.866.599.5930 >> 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, Julio Benedetti of Bellhaven Copper & Gold, Inc., +011-507-226-3967; or Investor Relations, Miguel Villahermosa, 1-866-599-5930, for Bellhaven Copper & Gold, Inc. Web Site: http://www.bellhavencg.com