23.01.2013

Belvedere starts follow-up drilling on gold discovery in Finland

Canadian mining company views latest discovery as highly promising.

Canadian mining company Belvedere Resources Ltd has commenced follow-up drilling on their gold discovery in Pöntiö, which is part of the company’s 10 square kilometre Antikanperä gold property in northern Finland.

According to Belvedere’s CEO David Pym, the Pöntio gold discovery is the most promising target intersected to date on the Antikanperä gold property. “Outcrop sampling and drilling have begun to outline what appears to be a significant new mineralised system only 35km to the north of our Hitura nickel mine and mill facilities,” says Pym.

More drilling planned

Belvedere reports that five drillholes have so far defined mineralisation over a strike length of 250 metres. Mineralisation is associated with chalcopyrite and hosted by a steep east dipping dioritic dyke/sill in gneissic metasediments. Outcrop is minimal but grab and channel sampling of available outcrops has outlined a broad mineralised zone over a strike length of more than two kilometres. The outcrop samples indicate the existence of a number of parallel mineralised intrusions, some of which will be investigated in the current drill campaign.

Belvedere Resources Limited is a mining company incorporated in British Columbia with a primary focus on nickel, gold, cobalt and copper in Finland. The Company currently produces 2200 tons of nickel in concentrate per year from the Hitura nickel mine in Central Finland. The Company has a number of advanced gold projects in close proximity to the Hitura mine.

Source: Belvedere Resources Ltd