Bellhaven Copper & Gold

Bellhaven Commences Drilling at its High-Sulphidation Epithermal Gold Prospect at Bejucosa, Pitaloza, Panama
12/21/2010 12:05:54 PM - Market Wire

Applications for all Mineral Exploration Concessions Located within Panama's Azuero Peninsula Now in Progress

PANAMA, REPUBLIC OF PANAMA, Dec 21, 2010 (MARKETWIRE via COMTEX News Network) --

Bellhaven Copper & Gold Inc. (TSX VENTURE: BHV) ("Bellhaven" or the "Company") is pleased to announce that the first drill hole at Bejucosa, one of three prospects at Bellhaven's 100%-owned Pitaloza project, is now under way. Bellhaven's 4,000-m drilling program is focused on testing feeder zones and massive silica exposed in trenching and outcrops at both the Bejucosa and Caracucho prospects. These targets have been identified by past exploration efforts, yielding substantial intercepts in excess of 1 g/t Au in select trenches (Bejucosa and Caracucho) and drill holes (Caracucho only-no prior drilling had occurred at Bejucosa). See press releases of April 13th, June 3rd, July 8th, July 28th, and August 3rd for more details.

The Company is also pleased to report that all of its applications for exploration concessions located within Panama's Azuero Peninsula, which previously had been submitted to the Department of Mineral Resources within the Ministry of Industry and Commerce, have been accepted and are now in process. Management believes its applications for mineral exploration concessions, as well as its request to extend for two years the previously granted mineral exploration concession known as Pitaloza, will be issued within the appropriate time frame.

Paul Zweng, Bellhaven's Interim CEO and Director, commented as follows:

"We are pleased to be drilling now at our first exploration project at Pitaloza in Panama. There are numerous targets at Pitaloza, so we expect to drill substantially more than 4,000 m in the weeks ahead. We will start drilling first at Bejucosa and then later move to Caracucho. Besides our drilling program, we are moving rapidly to initiate a number of new exploration programs at our other high-sulphidation epithermal prospects located on the Azuero Peninsula. We anticipate that these initiatives will substantially advance the other projects, producing additional drill-ready sites for 2011."

"We are also pleased to receive the acceptance of our applications and concession extension from the Government of Panama. We look forward to the finalization of the process in the upcoming year."

About the Pitaloza high-sulphidation epithermal gold project, Panama

The Pitaloza project, owned 100% by Bellhaven, hosts three high-sulphidation epithermal gold-(copper) prospects: Bejucosa, Cementerio, and Caracucho. High-sulphidation epithermal deposits host half of the known gold resources (80 Moz) in the Caribbean Basin and yield annual production in excess of 3 Moz of gold in Peru, alone.

es gab Anfang Oktober ne 5,3 Mio CAD$ Finanzierung! Es ist also erstmal genug Cash für knapp 2 Jahre vorhanden! Bellhaven besitzt unter anderem ne Beteiligung an PERSHIMCO RESOURCES (Kanada TSX:PRO). Zur Zeit knapp 2 Mio $ wert! Mehr Infos: http://www.bellhavencg.com Tip: Schau Dir mal Cliffmont Resources an! Zur Zeit billigster Explorer in Kolumbien mit ca. 5 MIO Dollar!!! 400% sind hier locker drin...glaub mir! Mehr News folgen bald...

an Board das Direktorium, oder wenigstens ein paar Herren davon ? Klingt ja wirklich alles ganz interessant... wie ist die Firma finanziert, habe nichts gefunden...

Bellhaven ist bald richtig angesagt!