Bellhaven and Dominion Reporting on Minerals
Tuesday, January 08 2008 @ 09:52 pm EST
Contributed by: Don Winner
Editor's Comment: Gold is at historic highs, hitting $887.80 an ounce today as oil prices continue to rise and the dollar continues to drop. High gold prices are good news for the companies exploiting the mineral resources in Panama. Bellhaven is a bit behind Petaquilla, but is the second most active mining project at this time.
Highlights from Hole CH-07-06 include:
From/To Length Copper Gold Silver
0 to 346 m 346 m 0.42 % 0.05 g/t 1.4 g/t
0 to 1135 ft 1135 ft>>
8 to 84 m 76 m 0.66 % 0.11 g/t 1.9 g/t
26 to 276 ft 249 ft>>
8 to 40 m 32 m 1.01 % 0.20 g/t 2.6 g/t
26 to 131 ft 105 ft>>
Highlights from Hole CH-07-07 include:
From/To Length Copper Gold Silver
0 to 305.9 m 305.9 m 0.57 % 0.04 g/t pending
0 to 1004 ft 1004 ft>>
20 to 214 m 194 m 0.72 % 0.05 g/t pending
66 to 702 ft 636 ft>>
166 to 214 m 48 m 0.97 % 0.07 g/t pending
545 to 702 ft 157 ft>>
Copper and silver values are by multi-acid digestion and ICP-MS analysis. Gold values by fire assay prep and ICP-MS finish. Analyses were performed for CH-07-06 by ACME Labs in Vancouver and for CH-07-07 by SGS Labs in Peru.
Hole CH-07-06 is a southeast directed -60 degree angle hole drilled from a site approximately 110 meters northeast of Hole CH-07-03. Hole CH-07-07 is a northwest directed -60 degree angle hole drilled from a site approximately 120 meters east-northeast of Hole CH-07-05 and extends the higher grade mineralized zone to a minimum of 450 meters along strike. Hole CH-07-07 has encountered a nearly 50 meter wide zone of quartz-magnetite-sulphide stockwork veins and breccias that host the higher grade (+1% copper) mineralization. This stockwork zone is similar to the style of mineralization in Holes CH-07-01, 02, 04, 05, but differs in vein density and alteration intensity. The true thicknesses of the mineralized stockwork zones remain unknown as they are in a porphyry/stockwork environment. Maps indicating the precise locations of the drill holes can be found at bellhavencg.com.
The copper mineralization at Chorcha is commonly found at the surface, and is known from previous and present drill results to extend to depths of at least 500 meters. The mineralization in Holes CH-07-06 and CH-07-07 is associated with quartz-magnetite stockwork veins that are hosted by phyllic altered quartz diorite/monzodiorite porphyry that crops out over large areas within the Cerro Chorcha porphyry complex. Holes CH-07-06 and CH-07-07, as well as all previous assayed Holes, have bottomed in porphyry-style copper mineralization.
This news release has been prepared under the supervision of Michael D. Druecker, Ph.D., P.Geo. who serves as the 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 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,
Julio C. Benedetti, President, CEO
BELLHAVEN COPPER AND GOLD, INC.>>
Pini Althaus, President, CEO
DOMINION MINERALS CORP.>>
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Bellhaven Copper & Gold, Inc.
Julio Benedetti, +1-507-226-3967, or Investor Relations, Miguel Villahermosa, +1-866-599-5930, both of Bellhaven Copper & Gold, Inc. Web Site: http://www.bellhavencg.com