Bellhaven Acquires New Properties in Colombia

Bellhaven Acquires New Properties in Colombia

Bellhaven Copper & Gold, Inc. announces that it has been granted three licenses (metallic exploration concessions) covering 6,440 hectares in the Department (Province) of Bolivar, Colombia approximately 275 kilometers from the Atlantic port city of Cartagena. The three licenses are located in the San Lucas Mountain Range in the Southern Bolivar Mineral Belt. The Southern Bolivar Mineral Belt extends along a NE-SW trend for more than 150 kilometers. The belt ranges from 15 to 25 kilometers in width and is nearly coincident with the San Lucas Range.

Hundreds of small prospects and artisanal mine workings are located within this belt, and are generally characterized by a series of northeast striking, steeply dipping, shear hosted, quartz-sulfide veins with variable widths (0.5 to 3 meters). These veins are mined exclusively in the oxide/gossan zones by the artisanal miners that extract only the high-grade (+25 g/t Au) free gold. Little to nothing is done with high-grade (+25 g/t Au) sulfide ore, and oxide material in the 1 to 10 g/t gold range that characterizes large parts of the vein structure and adjacent wallrocks. In the San Martin de Loba area the shear/veins are hosted in medium to coarse grained, quartz monzonite/tonalite with 1 to 4 meter alteration (quartz-sericite-pyrite) envelopes. In the San Lucas area the veins (fissure/feeder zones) are hosted in a thick (+300 meters) package of dacitic to andesitic volcanics (pyroclastic and flow rocks) with an extensive area of silicic-argillic alteration and disseminated pyrite mineralization.

Prospects throughout the San Lucas Range are found in a sequence of volcanic rocks (composed of dacitic to andesitic crystal tuffs, tuff breccias and flows) that begins at an elevation of 150 mts above msl and extends up to the main summit ridge, were numerous artisanal mining camps are located. These camps appear to be located along the oxide zones of outcropping fissure/feeder vein structures that contain high grade (+25 g/t Au) gold mineralization. Argillic and silicic-argillic alteration of the pyroclastic volcanic rocks are observed over a large (+10 square kilometers) area. Disseminated sulfides (iron oxides after pyrite) are common within this extensive alteration zone. Bellhaven’s preliminary surface exploration of 29 samples of altered outcrops and artisanal workings have returned assay values that average 15 g/t gold and 53 g/t silver. Nearly 50% of the surface samples have assay results greater than 10 g/t gold, and 25% of the samples have assays greater than 25 g/t gold and 50 g/t silver.

Julio Benedetti, President & CEO had the following comments: These three licenses cover a central portion in the San Lucas Trend. Our surface sampling has provided confirmation of the extension of mineralization beyond the high grade artisanal mining areas, adding considerable size to the surface mineralization expressions.

We are preparing a complete exploration program which will include additional and extensive geochemical testing, geophysics, and if warranted, drilling. We look to commence fieldwork on this highly prospective mineralized belt ASAP.

This news release has been prepared under the supervision of Michael D. Druecker, Ph.D., P.Geo. who serves as the Qualified Person as defined by National Instrument 43-101 responsible for ensuring that the geological information in this release is accurate.

Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration and development company with a portfolio of gold and copper properties in the Republics of Panama and Colombia. The company has 31.479 Million shares issued and outstanding. For more information, please visit the web site at or call Patrick Abraham in Panama at 011-507-340- 9500.

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