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Belo Sun Drills 49.50 Meters Grading 5.04 g/t Au at Northwest Extension of Ouro Verde Deposit, Brazil |
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TORONTO, ONTARIO--(Marketwire ) - Belo Sun Mining Corp.
(TSX:BSX) (the "Company" or "Belo Sun") is pleased to announce assay
results from 14 additional drill holes from the diamond drilling program
at its Volta Grande Gold Project located in Para State, Brazil.
The complete results and selected cross sections are presented below.
The results being released include 12 drill holes from the Ouro Verde
deposit and 2 drill holes from the Grota Seca deposit. These holes are
part of the 2012 drilling program to upgrade and expand the project
estimated mineral resources which will be the basis of the definitive
feasibility study. There are several very significant intercepts in this
round of results as follows:-- Hole VVGD-339 (located at Ouro Verde Cross Section 875 NW) has
intersected multiple mineralized zones such as 49.50 meters grading 5.04
g/t Au (from 184.90 meters) including 8.33 meters grading 21.79 g/t Au
(from 188.12 meters).
-- Hole VVGD-327 (located at Ouro Verde Cross Section 875 NW) has
intersected multiple mineralized zones such as 44.20 meters grading 1.90
g/t Au (from 206.80 meters) including 7.27 meters grading 6.54 g/t Au
(from 221.85 meters).
-- Significant down dip intercepts in the same region also includes VVGD-
331 (Ouro Verde Cross Section 925 NW) with 27.70 meters grading 3.57 g/t
Au (from 146.00 meters) including 11.35 meters grading 7.56 g/t Au (from
146.00 meters) and VVGD-340 (Ouro Verde Cross Section 825 NW) with 29.25
meters grading 2.21 g/t Au (from 214.00 meters) including 9.50 meters
grading 4.50 g/t Au (from 217.00 meters).
Since April 2010 Belo Sun has completed
107,969 meters of drilling and expects to release a new mineral resource
estimate update later this quarter followed by a full report to be
issued and filed on SEDAR in due course.Helio Diniz, the Vice President, Exploration for Belo Sun, stated, "It is very encouraging that the drilling continues to extend the Ouro Verde deposit with such significant intercepts. It demonstrates that the Volta Grande Project north block deposits are part of a major mineralized system that continues to expand beyond the currently known dimensions of about 300-400 meters wide and 4-5 km long. The drilling has shown that the mineralization extends to at least 500 meters from surface. Moreover it is open in all directions". A complete summary of assays are listed below. To date, Belo Sun has completed 364 drill holes at the Volta Grande Gold Project, of which assays remain pending for 24 holes. The current drilling program is designed to upgrade and expand the existing mineral resource estimate and further results will be released as they become available. The geological map of the Volta Grande Gold Project, with diagrams setting out the main deposit locations, is included below. TABLE 1 - DIAMOND DRILLING ASSAY RESULTS
The widths reported below represent the core width of the intercepts; true
widths are expected to range between 85-95% of the core width.
--------------------------------------------------------
Ouro Verde Deposit
--------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
--------------------------------------------------------
VVGD-318 76.30 79.30 3.00 1.31
and 105.00 108.70 3.70 0.56
and 157.60 165.60 8.00 0.51
--------------------------------------------------------
VVGD-319 89.20 96.85 7.65 5.10
and 141.50 144.55 3.05 2.88
and 149.60 164.00 14.40 0.96
and 192.80 197.00 4.20 0.82
and 217.00 231.00 14.00 4.94
and 245.55 256.45 10.90 2.14
and 261.50 264.55 3.05 0.68
and 334.70 340.50 5.80 10.16
--------------------------------------------------------
VVGD-323 0.00 4.14 4.14 0.66
and 143.28 148.32 5.04 0.62
and 205.20 212.93 7.73 1.61
and 236.00 239.62 3.62 0.87
--------------------------------------------------------
VVGD-324 0.00 5.00 5.00 0.67
and 16.00 22.00 6.00 0.90
and 66.00 82.00 16.00 0.82
and 155.00 161.20 6.20 1.34
and 165.00 196.60 31.60 1.47
including 180.00 190.00 10.00 2.76
and 202.00 206.00 4.00 1.54
--------------------------------------------------------
VVGD-327 63.20 70.00 6.80 3.22
and 145.00 155.00 10.00 5.82
and 206.80 251.00 44.20 1.90
including 221.85 229.12 7.27 6.54
and 273.00 284.00 11.00 0.55
and 293.00 296.41 3.41 0.76
and 336.00 340.65 4.65 1.14
and 387.00 394.00 7.00 1.00
--------------------------------------------------------
VVGD-328 0.00 6.00 6.00 0.53
and 131.40 135.20 3.80 0.84
and 158.90 163.60 4.70 2.25
--------------------------------------------------------
VVGD-330 15.00 18.00 3.00 0.52
and 23.69 28.00 4.31 0.60
and 53.15 58.30 5.15 0.54
and 124.75 129.33 4.58 0.92
and 178.90 193.00 14.10 0.98
--------------------------------------------------------
VVGD-331 34.00 41.00 7.00 3.85
and 98.00 101.00 3.00 0.69
and 146.00 173.70 27.70 3.57
including 146.00 157.35 11.35 7.56
and 182.00 190.17 8.17 1.45
and 208.45 221.00 12.55 5.15
including 209.00 215.00 6.00 9.76
and 285.00 289.40 4.40 0.60
and 303.00 308.00 5.00 0.72
--------------------------------------------------------
VVGD-333 83.90 87.10 3.20 0.76
and 92.00 99.20 7.20 0.62
and 183.00 202.30 19.30 2.69
including 193.45 201.30 7.85 4.22
and 271.00 277.00 6.00 1.64
--------------------------------------------------------
VVGD-335 1.00 6.00 5.00 0.81
and 26.00 31.00 5.00 0.64
VVGD-338 107.10 113.00 5.90 0.52
--------------------------------------------------------
VVGD-339 28.00 32.10 4.10 0.59
and 135.00 138.85 3.85 1.73
and 153.29 158.38 5.09 0.54
and 184.90 234.40 49.50 5.04
including 188.12 196.45 8.33 21.79
and 278.00 287.48 9.48 0.61
and 304.85 308.00 3.15 0.82
--------------------------------------------------------
VVGD-340 70.10 74.10 4.00 1.69
and 89.90 98.25 8.35 2.32
and 112.10 115.10 3.00 0.76
and 167.00 173.00 6.00 6.78
and 191.00 200.00 9.00 0.94
and 214.00 243.25 29.25 2.21
including 217.00 226.50 9.50 4.50
and 249.00 259.00 10.00 0.96
and 272.00 275.45 3.45 0.54
and 287.00 291.00 4.00 0.60
and 346.44 354.60 8.16 5.75
and 365.80 371.00 5.20 0.55
and 394.19 398.70 4.51 0.57
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