Bellhaven Announces Updated Mineral Resource Estimates for La Mina Project

- October 24th, 2016

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 … Continued

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.

Click here for the full text release.

Find out what experts are saying about the future of cannabis

 
Read our 2019 conference report today
 

Tags

Tags:

Leave a Reply