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Tuesday, 19 March 2013
Belvedere sees gold mineralization along 2.5 km of strike at Antikanpera
Belvedere Resources (CVE:BEL) has revealed the results of a reconnaissance drilling program on its Antikanpera gold property in Finland, with the campaign beginning to outline a "large strike length of gold mineralized intrusive", it said.
The phase of drilling was aimed at investigating the possible strike extents to the Pontio gold discovery, announced last September, along the M2 geophysical trend.
"The drilling campaign has been successful in beginning to outline a large strike length of gold mineralised intrusive over 2.5 km on the M2 geophysical trend," said the company in a statement on Tuesday, citing CEO David Pym.
"Considering the lack of outcrop, this phase of drilling has been remarkably successful, potentially indicating that a number of mineralised intrusives are present on the trend."
Pym said that the new mineralised zones in BelAnp023 and 024 open up "considerable new exploration potential" in the southern areas of the trend, with 023 being collared in mineralization and 024 being mineralized along the entire length of the drillhole.
During this phase of drilling, 12 new holes were drilled along a 2.5 kilometre strike. Notable results included 15.51 metres at 1.47 grams per tonne (g/t) gold, extending Pontio mineralization down dip in hole BelAnp017.
The company also said it intercepted 84.03 metres at 0.47 g/t gold 2.1 km south of Pontio in BelAnp024, and hit 22.04 metres at 0.6 g/t gold in a parallel intrusive system 1.4 km south of Pontio in BelAnp023.
In addition, Belvedere returned 20.01 metres at 1.07 g/t gold 270 metres south of Pontio in BelAnp026.
The British Columbia-based company is focused mainly on nickel, gold, cobalt and copper in Finland. It currently produces 2200 tonnes of nickel in concentrate per year from the Hitura nickel mine in Central Finland, and has a number of advanced gold projects nearby the mine.