These assets consist of two mineral exploration concessions pending its time extensions by the Mineral Resources Dept. of Panama and five minerals exploration applications also pending approval.
These assets have been sold as Bellhaven will focus solely in the exploration and development of its flagship LaMina/La Garrucha gold and copper project located in Colombia. The proceeds from this sale will be used for operational purposes.
Bellhaven Copper & Gold Inc. is a Canadian-listed exploration company exploring for gold and copper in Colombia.
The Company’s goal is to be a leader in gold and copper development in Colombia. Bellhaven focuses 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 gold-(copper) porphyry deposit in the Middle Cauca belt of Colombia. The total La Mina resource now includes 1.6 Moz gold and 419 million pounds of copper (or 2.55 Moz gold equivalent) contained in 79.9 million tonnes averaging 0.62 g/t Au, 0.24% Cu, or a gold equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade).
The average grade of 1.0 g/t gold equivalent makes La Mina one of the highest grade gold-(copper) porphyry deposits in the Americas. The Company is currently seeking to develop and to grow these resources through mine development and through ongoing exploration on the La Mina and La Garrucha concessions.
