Bellhaven Copper & Gold Inc. (TSXV: BHV) announced the results of an updated National Instrument 43-101 mineral resource estimate for its La Mina gold-copper project in Colombia.
As quoted in the press release:

Highlights pertaining to the updated mineral resource estimate include:

• 1.01 Moz gold equivalent contained in Indicated Mineral Resources and 0.43 Moz gold equivalent contained in Inferred Mineral Resources at base-case 0.25 g/t gold cut-off grade.
• 1.23 Moz gold-equivalent contained in Indicated Mineral Resources and 0.53 Moz gold equivalent in Inferred Mineral Resources at breakeven 0.10 g/t gold cut-off grade (See Tables 1 and 2 for details on tonnages, grades, and contained metals at various cut-off grades).

Metallurgical testing of material from La Mina has given greater confidence in the classification of its Mineral Resources.  Approximately 70% of the updated Mineral Resources are classified as Indicated. Indicated Mineral Resources were defined as blocks that are within 35 meters of a drill hole and where a minimum of two drill holes were used to determine the estimated grade.  A grade-capping strategy was employed to limit the impact of high-grade outlier samples.  Silver was capped at 25.5 ppm, gold was capped at 4.2 ppm, and copper was capped at 3000 ppm.

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