Belvedere Resources Ltd. (TSX VENTURE:BEL)("Belvedere") is pleased to announce
results from the reconnaissance drilling campaign on their 10 km2 Antikanpera
gold property. This phase of drilling was aimed at investigating the possible
strike extents to the Pontio gold discovery, announced in September 2012, along
the M2 geophysical trend. Twelve new holes were drilled along a 2.5 km strike
for a total of 1167 m. The drilling was successful in intersecting mineralised
diorite and plagioclase porphyry of similar style to the initial Pontio
discovery in all but three of the drillholes.


Highlights: 



--  15.51 m @ 1.47 g/t Au extending Pontio mineralisation down dip in
    BelAnp017 
--  20.01 m @ 1.07 g/t Au new zone mineralisation intersected 270m south of
    Pontio in BelAnp026 
--  22.04 m @ 0.6 g/t Au in parallel (?) intrusive system 1.4 km south of
    Pontio in BelAnp023 
--  84.03m @ 0.47 g/t Au 2.1 km south of Pontio in BelAnp024 



David Pym CEO states "The drilling campaign has been successful in beginning to
outline a large strikelength of gold mineralised intrusive over 2.5 km on the M2
geophysical trend. Considering the lack of outcrop, this phase of drilling has
been remarkably successful, potentially indicating that a number of mineralised
intrusives are present on the trend. The new mineralised zones in BelAnp023 and
024 open up considerable new exploration potential in the southern areas of the
trend, with 023 being collared in mineralisation and 024 being mineralised along
the entire length of the drillhole" 




----------------------------------------------------------------------------
Hole_ID           From (m)  Interval (m)   Au g/t   Cu (ppm)    Gram Metres 
----------------------------------------------------------------------------
BELANP017           59.73       61.07       0.77       524         46.9     
----------------------------------------------------------------------------
including           78.90       4.10        1.51       962          6.2     
----------------------------------------------------------------------------
including           91.12       15.51       1.47       889         22.8     
----------------------------------------------------------------------------
BELANP018           49.40       18.41       0.64       572         11.7     
----------------------------------------------------------------------------
including           50.35       4.53        1.17       748          5.3     
----------------------------------------------------------------------------
BELANP020           79.99       15.41       0.34       223          5.2     
----------------------------------------------------------------------------
BELANP022           1.74        16.20       0.44       362          7.2     
----------------------------------------------------------------------------
BELANP022           36.54       2.22        1.89       539          4.2     
----------------------------------------------------------------------------
BELANP023           1.11        22.04       0.60       582         13.2     
----------------------------------------------------------------------------
including           6.38        1.14        3.85       386          4.4     
----------------------------------------------------------------------------
BELANP024           17.37       84.03       0.47       374         39.6     
----------------------------------------------------------------------------
including           23.40       0.97        3.53       240          3.4     
----------------------------------------------------------------------------
including           66.61       1.34        2.35       694          3.1     
----------------------------------------------------------------------------
BELANP026           44.23       20.01       1.07       701         21.4     
----------------------------------------------------------------------------
BELANP028           29.20       5.21        0.94       596          4.9     
----------------------------------------------------------------------------
including           30.43       1.07        2.94      1050          3.1     
----------------------------------------------------------------------------
BELANP028           58.05       8.85        0.43       344          3.8     
----------------------------------------------------------------------------



Table 1: Intersections using a 0.3 g/t Au cut-off. No top cut is applied.
Maximum grade is 5.3 g/t Au over 0.71m. Intersections are estimated to be 70-90%
of true width. The remaining holes failed to intersect any significant
mineralisation.


The drilling shows some variability of gold mineralisation within the intrusive
dykes/sills. Chalcopyrite remains the best indicator of the presence of gold.
The overall strike and plunge of the Pontio mineralisation and the other
intersections along the trend are still poorly constrained. For instance,
exploration holes 150m to the north of Pontio, BelAnp 020 and 028 intersect
similar intrusive units, but contain only minor mineralisation. It is uncertain
at this stage if they intersected the same intrusive or one of the footwall
intrusives to the west of the Pontio mineralisation, Indications to date are
there are multiple mineralised intrusives, with BelAnp023 and 024 mineralisation
being hosted in plagioclase porphyry gabbro diorites rather than the typical
diorite dyke/sills of the Pontio mineralisation. 




----------------------------------------------------------------------------
HoleID          Easting   Northing   Elevation   Azimuth     Dip   Depth (m)
----------------------------------------------------------------------------
BELANP017       2548175    7121754        87.5       270      45      139.9 
----------------------------------------------------------------------------
BELANP018       2548163    7121853        87.5       270      45      128.2 
----------------------------------------------------------------------------
BELANP019       2548070    7121755          77       270      45       98.2 
----------------------------------------------------------------------------
BELANP020       2548130    7121995          77       270      45      122.1 
----------------------------------------------------------------------------
BELANP021       2548164    7121599          90       270      45     119.15 
----------------------------------------------------------------------------
BELANP022       2548184    7121449          93       270      45      89.45 
----------------------------------------------------------------------------
BELANP023       2548204    7120300          98       270      45      55.55 
----------------------------------------------------------------------------
BELANP024       2548526    7119678         100       270      45      104.4 
----------------------------------------------------------------------------
BELANP025       2548262    7121353          91       270      45       42.9 
----------------------------------------------------------------------------
BELANP027       2548141    7121650          88       270      45      70.25 
----------------------------------------------------------------------------
BELANP026       2548218    7121449        92.5       270      45     101.45 
----------------------------------------------------------------------------
BELANP028       2548093    7122043          84       270      45      95.45 
----------------------------------------------------------------------------



Table 2: Details of drillhole locations

The drilling was undertaken by Drillcon SMOY of Finland, providing 42 mm
diameter core. Samples are comprised of half diamond core. Intersections are
estimated to be 70-90% of true width. No top cut is applied. Maximum grade is
5.3 g/t Au over 0.71m. Core samples are sawn in half on site, prepped and
assayed by 30g fire assay with an AAS finish at the internationally accredited
laboratories of ALS Chemex in Finland. The quality assurance-quality control
(QAQC) program of Belvedere consists of the insertion of certified standards of
known gold content every 20 samples, with blanks at the beginning of each batch.
In addition, ALS Chemex inserts a number of blanks and standards into the
analytical process. Standards, blanks and duplicates make up approximately 15%
of the samples assayed. The remaining half core is retained on site for
verification and reference purposes.


About Belvedere: 

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 2200t of nickel in concentrate/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.


Forward Looking Statement: 

Some of the statements contained herein may be forward-looking statements, which
involve known and unknown risks

and uncertainties. Without limitation, statements regarding future plans and
objectives of the Company (including statements relating to future drilling and
interpreted continuity of the new mineralised zones) are forward-looking
statements that involve various degrees of risk. It is important to note that
the Company's actual results could differ materially from those in such
forward-looking statements. 


Qualified Person 

The technical aspects of this statement have been prepared by Dr Toby Strauss
(CGeol), Chief Operating Officer of Belvedere Resources Ltd, who is acting as a
Qualified Person in compliance with National Instrument 43-101 with respect to
this release. Dr Strauss has verified the data supporting this press release.
Verification included checking the data to the original Laboratory certificates,
examining photographs of the core, reviewing sampling procedures and reviewing
the geological interpretation.


BELVEDERE RESOURCES LTD.

David Pym, CEO; Suite #404, Vancouver World Trade Centre, 999 Canada Place,
Vancouver. BC. V6C 3E2, Canada


FOR FURTHER INFORMATION PLEASE CONTACT: 
Belvedere Resources Ltd.
David Pym
CEO
+1-604-844-2838


Belvedere Resources Ltd.
Toby Strauss
COO
+1-604-844-2838
www.belvedere-resources.com
Belvedere Resources Ltd. (TSXV:BEL)
Historical Stock Chart
From Jul 2024 to Aug 2024 Click Here for more Belvedere Resources Ltd. Charts.
Belvedere Resources Ltd. (TSXV:BEL)
Historical Stock Chart
From Aug 2023 to Aug 2024 Click Here for more Belvedere Resources Ltd. Charts.