News Out...Nice intercept in hole VVGD-009.
Aug 17, 2010 10:51 ET
Belo Sun Mining Intercepts 78 Meters Grading 2.1 g/t Gold Including 9.00 Meters Grading 10.52 g/t Gold at Volta Grande Project, Brazil
TORONTO, ONTARIO--(Marketwire - Aug. 17, 2010) - Belo Sun Mining Corp. (TSX VENTURE:BSX) (the "Company" or "Belo Sun") announces the results of seven additional drill holes from the current diamond drilling program at the Volta Grande Gold Project located in Para State, Brazil. All holes drilled to date have intercepted multiple gold mineralized intervals carrying grades significantly above the 0.5 g/t Au cut off grade used on the previous resource estimate. Hole VVGD-009 is particularly well mineralized with multiple mineralized zones starting at surface. The first 240 meters of this hole is grading 1.12 g/t gold with numerous higher grade intervals over significant widths within the zone (see table below for details).
Belo Sun has completed approximately 5,000 meters (21 holes) of the currently planned 15,000 meter program. Of these, twelve are from the Ouro Verde Deposit (VVGD-001 to VVGD-10, VVGD-017 and VVGD-021), four are from Gameleira Target which is a large geochemical anomaly approximately 1.5 kilometers northwest from Ouro Verde (VVGD-011, VVGD-014, VVGD-16 and VVGD-20), and five are from Grota Seca (VVGD-012, VVGD-013, VVGD-015, VVGD-018 and VVGD-019). The results of the first hole drilled at the Gameleira target (VVGD-011) which is interpreted to represent a possible NW extension of the Ouro Verde deposit confirmed the presence of gold mineralization in the area. The intercepts are high grade (up to 17.9 g/t Au over 0.65 meters). Three additional holes have been completed on this target to date and assays are pending. No assay results are yet available for the holes completed at Grota Seca.