Bellhaven Clarifies Its Disclosure
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/23/13 -- As a result of a review by the British Columbia Securities Commission, Bellhaven Copper & Gold Inc. (TSX VENTURE: BHV) ("Bellhaven" or the "Company") is issuing the following news release to clarify its disclosure:
The Company has removed the Fraser Mackenzie research report dated April 27, 2012 from the Company's website as it discloses various gold quantity ranges in excess of the Company's current resource estimates. The Company is unable to support the excess disclosed ranges and retracts its disclosure of such gold quantity ranges as being not in compliance with National Instrument 43-101 ("NI 43-101") in that it failed to include grade ranges, failed to discuss the basis for such estimates and did not include the cautionary language required by NI 43-101.
The current La Mina inferred resource estimate is shown on the table below, as reported in the NI 43-101 Technical Report entitled "La Mina Gold-Copper Project" and dated August 15, 2012, as filed on SEDAR.
Table 1.1 La Mina Inferred Resources at July 9, 2012
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Cut off Contained
grade Tonnes Gold Gold lbs
Deposit Au g/t (000s) g/t ounces Cu % (000s)
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La Cantera 0.3 40,560 0.77 1,009,053 0.31 279,882
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Middle Zone 0.3 39,310 0.47 594,000 0.16 139,400
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TOTAL 0.3 79,870 0.62 1,603,000 0.24 419,300
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About Bellhaven
Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE: BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to be a leader in responsible gold and copper development in Panama and Colombia. Bellhaven will focus on discovery, acquisition, and development of high-quality resources in a safe and responsible manner for the benefit of all of its stakeholders. The Company's flagship project is the La Mina porphyry gold-(copper) project in the Middle Cauca belt of Colombia. For more information regarding Bellhaven, please visit our website at www.bellhavencg.com.
On behalf of the board of directors,
Julio Benedetti, CEO & Chairman of the Board of Directors
BELLHAVEN COPPER & GOLD INC.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Bellhaven Copper & Gold Inc. - North America Contact
Mrs. Milagros "Millie" Paredes
President/Director
(971) 344-1500
mparedes@bellhavencg.com
Bellhaven Copper & Gold Inc. - Panama Contact
Mr. Julio Benedetti
CEO/Chairman
+507-226-3967
juliobenedetti@bellhavencg.com
www.bellhavencg.com
