good to see flayer.  if only gold prices and market appetite returned to marketplace.

 

cheers,

dave.

 

Belo Sun Intersects New High Grade Zone at Grota Seca and Expands Grande Deposit

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TORONTO, ONTARIO--(Marketwire - Jan 28, 2013) - Belo Sun Mining Corp. (BSX.TO) reports assays for 86 additional drill holes (corresponding to 24,015 meters) at its Volta Grande Project as part of its mineral resources expansion and upgrade drilling program.

The results being released today are being incorporated into the company''s database and will be used in the new mineral resource estimate update expected to be completed in early Q2 this year.

Included in this release are the assay results from 47 additional drill holes from the Grota Seca deposit, 28 from the Ouro Verde deposit and 11 from the South block area. The complete results and selected cross sections are presented below. Highlights from the holes contained in this release include:

  • Hole VVGD-529 (Grota Seca Cross Section 1825W) intersected 12.07 meters grading 11.08 g/t Au (from 59.40 meters) including 4.85 meters grading 26.78 g/t Au (from 63.40 meters). This intercept represents a new high grade mineralized zone which is located parallel to the main "Central" zone.
     
  • Hole VVGD-567 (Grota Seca Cross Section 2350W) intersected 13.34 meters grading 4.60 g/t Au (from 119.56 meters).
     
  • Significant down dip intercepts at the Ouro Verde deposit such as in hole VVGD-628 at section 775 NW with 9.75 meters grading 2.80 g/t Au (from 338.95 meters) and 6.30 meters grading 4.46 g/t Au (from 379.00 meters).
     
  • At the South Block, Grande Deposit the highlight is hole VVGD-633 with 9.02 meters grading 5.68 g/t Au (from 168.03 meters) and 4.52 meters grading 15.47 g/t Au (from 201.18 meters).
     

Helio Diniz, Belo Sun''s Vice President of Exploration, stated, "The recent drilling results at Volta Grande with the shallow high grade intercepts continue to demonstrate the potential for further expansion of the mineral resources and combined with the ongoing regional program to the South East of Volta Grande and at Belo Sun''s Patrocinio property in the Tapajos indicate Belo Sun has the potential to expand on the success its exploration team has enjoyed in the past three years."

At present Volta Grande has 4.1 million ounces of gold in the Measured and Indicated category grading 1.73 g/t and 2.8 million ounces of gold grading 1.96 g/t in the Inferred category (see press release dated December 18, 2012).

Ian Pritchard, Chief Operating Officer of Belo Sun, said "The expansion of the Grande deposit, which was estimated to contain 123,900 ounces at a grade of 4.58 g/t in the inferred category (see press release dated June 11th, 2012), has led us to study it as a potential source of high grade feed in the early years of production at Volta Grande and metallurgical tests are currently ongoing."

TABLE 1 - DIAMOND DRILLING ASSAY RESULTS

The widths reported below represent the core width of the intercepts; true widths are expected to range between 85-95% of the core width.

BSX NR - JANUARY 2013
Grota Seca Deposit
Hole # From (m) To (m) Width (m) Au g/t
VVGD-521 0.00 6.25 6.25 1.44
and 14.55 21.00 6.45 3.53
and 139.21 142.00 2.79 5.14
and 180.70 192.18 11.48 1.15
VVGD-522 0.00 5.27 5.27 0.96
and 14.20 18.05 3.85 1.18
and 38.00 40.55 2.55 3.64
and 92.00 102.00 10.00 0.53
and 147.00 153.00 6.00 0.86
and 174.75 185.00 10.25 1.90
and 215.92 222.00 6.08 1.17
and 283.00 287.00 4.00 0.51
and 340.07 342.77 2.70 3.93
VVGD-525 218.70 224.00 5.30 0.66
and 234.80 243.00 8.20 0.67
and 285.00 300.00 15.00 0.63
and 317.50 326.00 8.50 0.62
and 333.00 338.00 5.00 1.05
VVGD-524 110.00 117.00 7.00 0.87
and 183.30 187.30 4.00 6.13
VVGD-528 108.80 111.00 2.20 6.57
and 129.00 137.15 8.15 1.87
VVGD-529 44.00 49.95 5.95 0.60
and 59.40 71.47 12.07 11.08
and 85.70 90.45 4.75 12.09
and 94.85 103.10 8.25 1.02
and 133.75 138.40 4.65 2.68
and 145.00 149.70 4.70 0.60
and 161.80 164.60 2.80 3.25
VVGD-536 135.30 142.05 6.75 2.22
and 282.55 285.25 2.70 6.69
VVGD-537 0.00 6.95 6.95 0.96
and 36.80 44.60 7.80 0.84
and 90.74 101.20 10.46 0.59
and 130.00 133.00 3.00 0.66
and 142.00 145.00 3.00 0.93
VVGD-544 134.20 146.42 12.22 0.97
and 167.25 171.60 4.35 6.39
and 288.25 294.33 6.08 0.71
VVGD-546 39.00 44.40 5.40 0.89
and 51.79 61.10 9.31 0.58
and 161.00 169.00 8.00 1.20
and 225.90 232.70 6.80 1.50
VVGD-547 0.00 4.65 4.65 0.56
and 100.00 103.00 3.00 1.40
and 114.20 120.00 5.80 0.53
and 164.00 166.00 2.00 3.11
and 200.80 205.00 4.20 0.96
and 221.00 225.00 4.00 0.92
VVGD-548  NSR 
VVGD-552 108.00 113.30 5.30 3.33
VVGD-555 134.55 137.64 3.09 0.63
VVGD-557 150.18 153.25 3.07 4.24
and 185.10 191.70 6.60 0.97
and 215.80 221.55 5.75 0.60
and 231.00 237.17 6.17 0.76
VVGD-560 23.35 36.45 13.10 0.67
and 63.00 67.40 4.40 1.35
and 85.00 91.00 6.00 0.76
and 108.00 110.00 2.00 3.91
and 251.00 258.25 7.25 1.00
and 296.00 303.00 7.00 2.06
and 308.00 311.00 3.00 2.21
VVGD-564 69.00 73.20 4.20 2.61
and 77.00 88.00 11.00 0.85
VVGD-567 0.00 10.00 10.00 0.77
and 106.00 115.00 9.00 4.30
and 119.56 132.90 13.34 4.60
and 142.25 147.00 4.75 0.52
and 241.70 245.88 4.18 2.46
VVGD-570 100.20 104.62 4.42 1.47
VVGD-571  NSR 
VVGD-572 2.00 11.00 9.00 0.52
and 165.00 175.70 10.70 2.86
and 192.00 200.78 8.78 7.75
VVGD-573 71.75 74.75 3.00 0.64
VVGD-574 174.60 179.30 4.70 1.08
and 184.00 188.00 4.00 1.07
VVGD-575  NSR 
VVGD-578 0.00 15.00 15.00 0.62
and 92.70 97.20 4.50 2.28
VVGD-579 0.00 3.00 3.00 0.55
and 62.45 73.20 10.75 0.64
and 107.00 113.00 6.00 0.63
and 189.00 197.00 8.00 0.76
VVGD-580 188.55 192.20 3.65 1.05
and 254.00 261.00 7.00 0.61
and 280.00 288.65 8.65 1.45
VVGD-581 34.00 37.00 3.00 1.06
and 48.70 76.60 27.90 1.12
and 100.68 107.00 6.32 0.85
and 187.00 190.20 3.20 2.70
and 208.00 219.70 11.70 1.11
and 236.60 239.65 3.05 0.89
and 301.70 307.25 5.55 1.38
and 319.00 328.80 9.80 1.09
VVGD-582 86.50 92.00 5.50 0.66
and 141.23 148.00 6.77 1.02
VVGD-584 136.00 141.85 5.85 1.78
VVGD-587  NSR 
VVGD-588 11.00 14.60 3.60 1.44
and 28.70 38.00 9.30 0.58
and 43.00 49.00 6.00 2.66
and 83.60 88.10 4.50 1.85
and 134.00 140.70 6.70 0.78
and 156.20 162.32 6.12 1.31
and 195.50 203.40 7.90 1.29
and 256.00 262.20 6.20 0.83
and 310.65 320.00 9.35 2.98
and 324.30 333.30 9.00 0.98
VVGD-589 132.00 137.94 5.94 0.72
and 215.95 220.00 4.05 1.04
and 296.00 302.60 6.60 0.71
VVGD-593 0.00 3.45 3.45 1.29
and 9.75 13.10 3.35 0.52
VVGD-594 0.00 3.00 3.00 0.73
VVGD-596  NSR 
VVGD-597 27.05 30.80 3.75 0.88
and 56.00 64.25 8.25 1.02
and 85.90 89.80 3.90 0.68
VVGD-600 172.27 176.07 3.80 1.16
and 198.70 208.17 9.47 0.84
and 247.60 260.00 12.40 2.03
and 273.00 281.00 8.00 0.74
and 298.75 305.40 6.65 0.77
VVGD-601 198.00 206.00 8.00 1.10
VVGD-605 267.45 272.00 4.55 0.66
VVGD-606 77.67 86.30 8.63 0.59
VVGD-608 6.44 9.92 3.48 0.58
VVGD-611  NSR 
VVGD-612  NSR 
VVGD-617  NSR 
VVGD-621 12.00 19.00 7.00 0.91
and 35.00 43.09 8.09 0.72
and 54.60 61.00 6.40 4.13
and 154.00 162.00 8.00 0.84
and 200.00 209.00 9.00 0.70
and 218.00 250.00 32.00 1.69
and 255.00 258.20 3.20 1.36
and 264.75 275.00 10.25 2.29
and 300.60 306.00 5.40 4.10
VVGD-625  NSR 
 
BSX NR - JANUARY 2013
South Block Target
Hole # From (m) To (m) Width (m) Au g/t
VVGD-591 5.00 9.00 4.00 0.95
VVGD-592  NSR 
VVGD-598 39.25 42.00 2.75 5.79
VVGD-604 103.40 106.48 3.08 0.61
VVGD-609  NSR 
VVGD-613  NSR 
VVGD-622  NSR 
VVGD-624  NSR 
VVGD-627 214.97 219.12 4.15 2.34
VVGD-630 73.30 75.30 2.00 12.85
VVGD-633 64.08 67.40 3.32 0.60
and 168.03 177.05 9.02 5.68
and 181.65 184.00 2.35 17.40
and 201.18 205.70 4.52 15.47
and 216.00 220.00 4.00 0.80
 
BSX NR - JANUARY 2013
Ouro Verde Deposit
Hole # From (m) To (m) Width (m) Au g/t
VVGD-463 43.50 47.05 3.55 0.57
and 152.00 176.00 24.00 1.43
and 194.00 200.00 6.00 0.53
and 213.00 219.00 6.00 0.65
and 228.00 232.00 4.00 0.53
and 249.00 267.00 18.00 1.75
and 272.00 283.00 11.00 1.22
and 288.20 304.00 15.80 1.56
and 313.00 320.00 7.00 0.61
and 430.00 435.00 5.00 0.60
VVGD-541 76.90 82.00 5.10 0.55
and 119.40 122.15 2.75 4.08
and 131.20 143.00 11.80 1.40
and 190.00 193.00 3.00 1.02
VVGD-562 189.00 192.00 3.00 0.85
and 203.00 217.00 14.00 0.68
VVGD-568 18.00 21.40 3.40 0.83
and 46.50 51.00 4.50 1.48
and 55.00 61.50 6.50 0.82
and 76.50 78.40 1.90 3.47
and 178.00 182.60 4.60 0.62
and 204.00 213.09 9.09 1.15
and 222.70 246.03 23.33 0.94
including 237.00 242.00 5.00 2.41
and 252.00 261.00 9.00 0.65
and 301.50 305.30 3.80 3.65
VVGD-576 377.00 380.00 3.00 0.51
and 432.80 444.00 11.20 1.26
and 460.65 467.00 6.35 1.16
and 504.15 515.00 10.85 0.91
VVGD-583 0.00 16.35 16.35 1.47
and 52.05 64.22 12.17 0.96
and 120.60 131.30 10.70 2.26
VVGD-585 24.35 28.00 3.65 6.25
and 189.00 194.00 5.00 0.69
and 231.00 246.60 15.60 2.05
and 259.45 267.25 7.80 0.72
and 325.00 328.00 3.00 1.40
and 336.80 349.00 12.20 1.32
VVGD-586 66.32 73.20 6.88 0.54
and 155.00 159.00 4.00 1.47
and 171.00 174.00 3.00 2.17
and 203.00 210.40 7.40 0.75
and 222.00 228.00 6.00 1.37
and 237.00 252.00 15.00 0.98
and 294.00 297.40 3.40 1.49
and 308.00 312.00 4.00 0.56
and 326.00 336.00 10.00 1.86
VVGD-590 149.00 154.00 5.00 0.72
and 276.17 280.60 4.43 0.76
and 288.43 291.76 3.33 1.10
and 316.15 319.55 3.40 0.76
and 346.55 349.75 3.20 5.44
and 353.75 360.33 6.58 1.01
and 402.00 410.45 8.45 0.70
and 426.80 439.09 12.29 1.03
VVGD-595 61.38 65.40 4.02 3.36
and 163.64 173.25 9.61 1.49
and 177.55 186.00 8.45 1.16
and 195.50 198.60 3.10 2.43
and 252.70 259.00 6.30 0.72
and 266.30 269.00 2.70 5.52
VVGD-599 0.00 10.00 10.00 1.19
and 33.00 37.00 4.00 2.10
VVGD-602  NSR 
VVGD-603  NSR 
VVGD-607  NSR 
VVGD-610 25.80 28.82 3.02 1.19
VVGD-614  NSR 
VVGD-615  NSR 
VVGD-616 40.00 44.25 4.25 0.68
VVGD-618 57.86 61.00 3.14 0.52
VVGD-619  NSR 
VVGD-620  NSR 
VVGD-623 79.00 82.00 3.00 0.84
and 258.00 262.00 4.00 5.13
and 309.50 314.00 4.50 1.23
and 325.00 330.10 5.10 2.77
and 337.00 347.00 10.00 1.40
and 351.67 358.70 7.03 1.99
and 493.75 505.85 12.10 1.02
and 518.34 523.00 4.66 0.76
and 540.40 545.00 4.60 1.28
and 574.15 576.85 2.70 12.92
VVGD-626  NSR 
VVGD-628 241.70 245.80 4.10 0.84
and 251.00 253.60 2.60 3.52
and 319.00 326.00 7.00 0.86
and 330.00 335.00 5.00 0.89
and 338.95 348.70 9.75 2.80
and 352.62 358.50 5.88 0.81
and 365.00 374.60 9.60 1.57
and 379.00 385.30 6.30 4.46
and 398.00 401.00 3.00 1.17
and 464.00 472.00 8.00 1.21
and 476.25 497.00 20.75 0.52
and 519.50 534.00 14.50 1.36
VVGD-629 81.05 88.68 7.63 0.60
and 120.00 124.00 4.00 0.97
VVGD-631  NSR 
VVGD-632 46.38 49.91 3.53 1.93
and 248.65 251.65 3.00 0.57
VVGD-634 228.00 232.00 4.00 1.96