UPDATE: Bellhaven Increases Mineral Resources for La Mina Project, But Shares Drop 4% to Day Lows

By Midnight Trader,  July 09, 2012, 02:14:43 PM EDT

Bellhaven Copper & Gold Inc. (BHV.V) announced today an updated NI 43-101-compliant inferred resource estimate for its 100%-controlled La Mina Project has increased the contained gold by 60% compared to the maiden resource announced in September of 2011.

The new inferred resource at La Mina, which now includes the Middle Zone and La Cantera deposits, contains approximately 1.6 million oz of gold and 419 million pounds of copper (or 2.55 million oz of gold-equivalent) contained in 80 million tonnes averaging 0.62 g/t Au and 0.24% Cu (or 1.0 g/t gold-equivalent).

BHV fell nearly 4% to day low 27 cents. Volume traded is over 4,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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