Belo Sun Mining* (BSX : TSX : $1.56), Net Change: 0.15, % Change: 10.64%, Volume: 1,373,437
Carnivale starts early! Shares of Belo Sun jumped after the company announced further drill holes from its Volta Grande Project in Brazil. Assays from a total of 86 holes totalling 24,015 m were released. Highlights from the drill results include hole VVGD-529, which returned 12.07 m grading 11.08 g/t Au (from 59.40 metres) including 4.85 metres grading 26.78 g/t Au (from 63.40 metres). This intercept represents a new high-grade mineralized zone which is located parallel to the main "Central" zone. Helio Diniz, BSX'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." The market wil lnow be focused on the company’s coming Pre-Feasibility Study that is expected late Q1/13 or early Q2/13.