azuero

Pitaloza High-Sulphidation Gold Project, Panama

 
Overview


Bellhaven has assembled a large land position on the Azuero Peninsula of Panama, host to a belt of high-sulphidation gold and copper prospects including Pitaloza
The advanced stage Pitaloza project hosts three  highly prospective high-sulphidation epithermal gold-(copper) prospects:
  • Bejucosa
     
  • Cementerio
     
  • Caracucho
The Pitaloza exploration concession is 3,299 hectares in size, 100% owned by Bellhaven Copper & Gold. Inc.  It is located in the same belt of dacitic volcanic rocks as the nearby Cerro Quema gold deposit.

High-sulphidation epithermal deposist similar to Pitaloza and Cerro Quema are host to Goldcorp and Barrick's Pueblo Viejo, which reported proven and probable reserves totalling 302 million tonnes with an average grade of 0.08 ounces per tonne gold for 25 million ounces gold.

Access to Pitaloza from Panama City is by the paved Pan-American Highway through the towns of Chitre, Macaracas, and La Mesa, then via 10 km by unimproved dirt road.  Water and labor in the area are adequate to service the project.

Project History
In 1993-1994; Cyprus Amax  Minerals explored the Caracucho and Cementerio prospects.
Following are trenching and drilling results of their exploration program:
 
 

Trench

Interval (m)

Au (g/t)

01

45

1.10

02

40

2.24

03

40

1.09

Bulldozer Cut A

25

0.84

Bulldozer Cut B

65

1.60

Bulldozer Cut C

30

2.97

 

Drill Hole

Interval (m)

Au (g/t)

Cyprus 94-02

30.79

0.77

Cyprus 94-03

38.72

1.17

 


Exploration Bellhaven
In April 2010, Bellhaven reinitiated exploration activities at Pitaloza (please see press release of June 3, 2010). This exploration included surface sampling, trenching, ground Summaries of the recent work program and its results can be found below under the section, "Pitaloza News Releases".
 

 
Encouraging drilling results:

Drill Hole

Interval (m)

Au (g/t)

BHV CC-01

18.29

1.32

BHV CC-02

49.99

0.98

 


Pitaloza Presentation
(.pdf)
Pitaloza Re-interpreted Resistivity and Chargeability Pseudo-Sections and Plan Maps
 


Pitaloza Maps and Images


Bejucosa trenches (looking north)

Caracucho prospect (looking east)

 

 

Current Status:

In May 2011Bellhaven discontinued the work program and requested an extension to the exploration concession contract. At this time the extension has not been granted.
Bellhaven has also applied for five additional concessions in the Azuero High Sulphidation Trend. At this time we are also waiting for these applications to be granted.

 

Qualified Person:
The information shown on this site, has been prepared under the supervision of Mr. Thomas J. Drown, P. Geo. Mr. Drown has more than 25 years relevant experience and is a British Colombia Professional Geoscientist. He is a senior project geologist with the Company at the La Mina Project and serves as the qualified person as defined by National Instrument 43-101
 

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