Belo Sun Releases Results for 74 Additional Drill Holes at Its Volta Grande Project
24 Julho 2013 - 6:00PM
Marketwired Canada
Belo Sun Mining Corp. (TSX:BSX) has received assays for 74 additional drill
holes (corresponding to 15,813 meters of drilling) at its Volta Grande Project.
This drilling has been designed to expand and upgrade the current resources
estimate.
The results being released today are being incorporated into a database and will
be used in the new mineral resource estimate expected to be completed in early
Q3 this year. There are no pending results for the 2013 drill program. Belo Sun
has completed 203,235 meters of drilling (767 drill holes) since April 2010.
Included in this release are the assay results from seven drill holes from the
Grota Seca deposit, 23 from the Ouro Verde deposit (most of them from the
"Junction" OuroVerde/Grota Seca area), 35 from the South block area as well as
nine from the Anapu Regional target. The complete results are presented below.
Highlights from the holes included in this release are:
-- For the South Block, at the Pequi target area, hole VVGD-688 intersected
14.09 meters grading 6.32 g/t Au (from 295.56 meters) and shallow high
grade intersections at the Itata target area in hole VVGD-693 with 5.88
meters grading 8.02 g/t Au (from 118.62 meters) and hole VVGD-656 with
4.40 meters grading 11.99 g/t Au (from 26.65 meters).
-- Hole VVGD-689 (at the Grota Seca deposit) intersected 11.65 meters
grading 1.91 g/t Au (from 182.60 meters). This intercept represents a
new mineralized zone that is located parallel to the main "Central"
zone.
-- A significant down dip intercept at the Ouro Verde deposit Northwest
extension in hole VVGD-640 at section 1150 NW with 11.00 meters grading
2.08 g/t Au (from 256.00 meters).
The Volta Grande "Pit constrained" mineral resources has 4.7 million ounces in
the Measured and Indicated category grading 1.68 g/t and 2.2 million ounces
grading 1.85 g/t in the Inferred category (see press release dated April 15th
2013 and Technical Report filed on SEDAR). The focus of this campaign has been
to upgrade Inferred resources into the Measured and Indicated category and to
expand the overall size of the resource.
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.
----------------------------------------------------------------------------
South Block Target
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Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-636 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-639 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-641 30.95 33.85 2.90 9.16
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-644 76.24 78.00 1.76 37.28
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-646 93.20 99.78 6.58 2.13
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-647 82.80 84.93 2.13 6.46
----------------------------------------------------------------------------
and 109.65 114.00 4.35 1.36
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-649 55.50 59.80 4.30 1.26
----------------------------------------------------------------------------
and 72.29 75.59 3.30 1.67
----------------------------------------------------------------------------
and 93.94 101.80 7.86 1.43
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-650 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-653 30.50 32.19 1.69 8.19
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-654 163.60 165.10 1.50 7.07
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-656 26.65 31.05 4.40 11.99
----------------------------------------------------------------------------
and 60.55 63.80 3.25 5.29
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-658 30.00 38.00 8.00 1.41
----------------------------------------------------------------------------
and 163.60 166.00 2.40 7.61
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-660 55.24 59.00 3.76 1.16
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-661 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-663 23.05 27.55 4.50 0.90
----------------------------------------------------------------------------
and 75.50 79.50 4.00 7.37
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-665 163.00 166.00 3.00 5.04
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-667 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-668 0.00 3.90 3.90 0.74
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-669 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-672 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-673 52.65 58.00 5.35 1.76
----------------------------------------------------------------------------
and 97.71 101.30 3.59 2.18
----------------------------------------------------------------------------
and 116.90 120.00 3.10 0.67
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-675 67.93 70.35 2.42 1.71
----------------------------------------------------------------------------
and 76.00 78.60 2.60 2.35
----------------------------------------------------------------------------
and 171.13 176.00 4.87 2.33
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-676 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-679 37.95 41.00 3.05 0.78
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-681 194.75 202.20 7.45 4.29
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-683 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-685 0.00 3.00 3.00 1.04
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-686 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-688 175.00 185.15 10.15 1.95
----------------------------------------------------------------------------
and 295.56 309.65 14.09 6.32
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-690 63.00 68.40 5.40 1.78
----------------------------------------------------------------------------
and 218.40 221.35 2.95 1.72
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-693 93.00 95.00 2.00 2.32
----------------------------------------------------------------------------
and 118.62 124.50 5.88 8.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-696 102.70 105.21 2.51 3.65
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-697 99.37 104.90 5.53 3.87
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-698 90.60 100.60 10.00 0.68
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-699 39.70 41.82 2.12 25.96
----------------------------------------------------------------------------
and 104.00 109.00 5.00 1.85
----------------------------------------------------------------------------
and 128.90 134.93 6.03 2.74
---------------------------------------------------------------------------
and 155.85 163.45 7.60 2.12
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Ouro Verde Deposit
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-635 193.00 196.00 3.00 0.51
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-637 270.50 275.19 4.69 0.52
----------------------------------------------------------------------------
and 319.00 322.00 3.00 3.55
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-638 115.00 118.63 3.63 1.05
----------------------------------------------------------------------------
and 122.00 125.00 3.00 0.87
----------------------------------------------------------------------------
and 140.70 146.40 5.70 1.58
----------------------------------------------------------------------------
and 152.80 164.50 11.70 1.01
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-640 156.00 163.00 7.00 1.60
----------------------------------------------------------------------------
and 232.70 235.83 3.13 6.85
----------------------------------------------------------------------------
and 256.00 267.00 11.00 2.08
----------------------------------------------------------------------------
and 317.00 322.79 5.79 1.26
----------------------------------------------------------------------------
and 358.00 361.45 3.45 0.58
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-642 23.00 26.00 3.00 12.89
----------------------------------------------------------------------------
and 127.00 129.50 2.50 15.76
----------------------------------------------------------------------------
and 181.00 186.00 5.00 1.62
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-643 16.00 21.00 5.00 1.16
----------------------------------------------------------------------------
and 43.00 50.20 7.20 0.78
----------------------------------------------------------------------------
and 70.50 76.23 5.73 1.40
----------------------------------------------------------------------------
and 84.20 89.00 4.80 0.63
----------------------------------------------------------------------------
and 142.00 145.40 3.40 5.20
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-645 11.00 17.00 6.00 2.36
----------------------------------------------------------------------------
and 65.00 68.00 3.00 0.61
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-648 29.00 36.70 7.70 0.65
----------------------------------------------------------------------------
and 65.60 71.00 5.40 0.58
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-651 271.65 274.90 3.25 2.64
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-652 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-655 14.00 18.00 4.00 1.81
----------------------------------------------------------------------------
and 32.00 38.00 6.00 1.46
----------------------------------------------------------------------------
and 74.00 77.00 3.00 2.34
----------------------------------------------------------------------------
and 193.00 195.00 2.00 3.03
----------------------------------------------------------------------------
and 221.00 227.00 6.00 0.79
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-657 141.00 144.00 3.00 0.73
----------------------------------------------------------------------------
and 147.65 153.00 5.35 0.53
----------------------------------------------------------------------------
and 178.80 184.00 5.20 0.93
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-659 59.00 69.00 10.00 1.33
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-670 52.13 58.30 6.17 0.77
----------------------------------------------------------------------------
and 73.00 78.53 5.53 2.15
----------------------------------------------------------------------------
and 85.60 89.00 3.40 0.96
----------------------------------------------------------------------------
and 105.00 109.41 4.41 1.30
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-674 3.15 13.00 9.85 0.69
----------------------------------------------------------------------------
and 34.55 42.40 7.85 4.28
----------------------------------------------------------------------------
and 107.00 115.76 8.76 1.40
----------------------------------------------------------------------------
and 168.33 170.73 2.40 3.45
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-678 60.67 62.80 2.13 0.69
----------------------------------------------------------------------------
and 103.95 109.45 5.50 5.09
----------------------------------------------------------------------------
and 171.00 176.55 5.55 0.86
----------------------------------------------------------------------------
and 180.93 185.00 4.07 0.51
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-680 86.00 91.00 5.00 0.51
----------------------------------------------------------------------------
and 93.70 98.00 4.30 0.66
----------------------------------------------------------------------------
and 102.65 108.20 5.55 0.86
----------------------------------------------------------------------------
and 112.15 115.53 3.38 0.62
----------------------------------------------------------------------------
and 124.70 133.70 9.00 1.46
----------------------------------------------------------------------------
and 181.50 183.70 2.20 3.77
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-684 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-682 12.66 27.30 14.64 0.98
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-687 177.00 183.00 6.00 0.66
----------------------------------------------------------------------------
and 195.24 201.50 6.26 1.45
----------------------------------------------------------------------------
and 241.55 253.65 12.10 1.00
----------------------------------------------------------------------------
and 258.70 264.00 5.30 1.57
----------------------------------------------------------------------------
and 278.00 281.00 3.00 0.77
----------------------------------------------------------------------------
and 295.45 303.60 8.15 1.23
----------------------------------------------------------------------------
and 321.00 323.00 2.00 2.36
----------------------------------------------------------------------------
and 327.00 330.00 3.00 0.62
----------------------------------------------------------------------------
and 382.11 392.75 10.64 1.88
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-691 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-692 74.55 81.45 6.90 0.61
----------------------------------------------------------------------------
and 85.49 101.05 15.56 0.99
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-695 52.50 55.25 2.75 2.17
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Grota Seca Deposit
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-662 5.00 10.00 5.00 0.56
----------------------------------------------------------------------------
and 41.40 44.40 3.00 0.65
----------------------------------------------------------------------------
and 161.60 166.05 4.45 2.81
----------------------------------------------------------------------------
and 173.00 180.00 7.00 0.62
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-664 72.00 76.00 4.00 0.88
----------------------------------------------------------------------------
and 79.61 85.10 5.49 0.87
----------------------------------------------------------------------------
and 178.00 183.50 5.50 0.81
----------------------------------------------------------------------------
and 294.00 298.50 4.50 0.60
----------------------------------------------------------------------------
and 303.00 310.00 7.00 1.75
----------------------------------------------------------------------------
and 334.00 336.85 2.85 3.68
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-666 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-671 71.75 74.07 2.32 12.09
----------------------------------------------------------------------------
and 106.76 110.65 3.89 9.53
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-677 22.15 39.50 17.35 0.92
----------------------------------------------------------------------------
and 76.95 84.16 7.21 2.01
----------------------------------------------------------------------------
and 90.55 93.48 2.93 8.96
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-689 58.00 62.40 4.40 0.52
----------------------------------------------------------------------------
and 104.00 108.50 4.50 0.89
----------------------------------------------------------------------------
and 162.40 167.40 5.00 0.52
----------------------------------------------------------------------------
and 182.60 194.25 11.65 1.91
----------------------------------------------------------------------------
and 202.00 206.09 4.09 0.56
----------------------------------------------------------------------------
----------------------------------------------------------------------------
VVGD-694 10.34 19.65 9.31 0.54
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Anapu Target
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSBD-001 24.45 29.60 5.15 0.73
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSBD-002 51.76 53.64 1.88 1.96
----------------------------------------------------------------------------
and 90.54 91.53 0.99 19.34
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSBD-003 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSBD-004 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSJD-001 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSJD-002 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSJD-003 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSJD-004 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BSJD-005 NSR
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Quality Assurance and Quality Control
The scientific and technical information in this press release has been reviewed
and approved by David Gower, P. Geo., an advisor to Belo Sun and a Qualified
Person as defined by National Instrument 43-101. The exploration program is
directly supervised by Mr. Carlos Cravo, P. Geo., Belo Sun's exploration
manager. Belo Sun's procedures for handling drill core comprise initial
description and logging into a Microsoft Access database. Mineralized, suspected
mineralized or not intervals in the drill holes are described in detail and
marked for sampling. Core is then cut in half with the right-hand portion of the
core put into plastic sample bags and sealed. The left-hand portion is returned
to the core box and is stored for future reference or study. Assay standard and
"Blank" samples are inserted every 20th sample. These samples are then delivered
to ACME Labs sample preparation facility at the Volta Grande Project site. The
assay samples are then fine-crushed to better than 80% passing 10 mesh screens,
with an assay pulp split of up to 1000 grams pulverized to better than 85%
passing 200 mesh screen. Samples are assayed at ACME Labs in Santiago, Chile,
using a 50 gram fire assay with AAS finish. These QA/QC procedures provide
several measures of data quality and provide assurances to Belo Sun that the
assay data is representative of the original sample.
About the Company
Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a
portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is
on advancing and expanding its 100% owned Volta Grande Gold Project, located in
Para State. Belo Sun trades on the TSX under the symbol "BSX". For more
information about Belo Sun please visit www.belosun.com.
Cautionary Statement on Forward Looking Information
This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding: the impact of these drill
results on Belo Sun and its understanding of the project; the development
potential and timetable of the company's projects; the estimation of mineral
resources; realization of mineral resource estimates; the timing and amount of
estimated future exploration; costs of future activities; capital and operating
expenditures; success of exploration activities; currency exchange rates;
government regulation of mining operations; and environmental risks. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including risks inherent in the mining industry and
risks described in the public disclosure of the Company which is available under
the profile of the Company on SEDAR at www.sedar.com and on the Company's
website at www.belosun.com. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
information. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
To view the maps associated with this release, please select the following links:
http://media3.marketwire.com/docs/belo1.jpg
http://media3.marketwire.com/docs/belo2.jpg
FOR FURTHER INFORMATION PLEASE CONTACT:
Belo Sun Mining Corp.
Mark Eaton
President and CEO
(416) 309-2137
www.belosun.com
Belo Sun Mining (TSX:BSX)
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