Bema Gold Corporation: Drill Results Update for the Kupol Project.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Bema Gold Bema Gold Corporation is a Vancouver, British Columbia based intermediate gold producer with operating mines and development projects in Russia, South Africa, Chile and Canada. Corporation (AMEX AMEX See: American Stock Exchange :BGO BGO Bismuth Germanate BGO Baguio City (Philippines) BGO Blinding Glimpse of the Obvious BGO Bergen, Norway - Flesland (Airport Code) BGO Blue and Gold Officer (United States Naval Academy) )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BGO)(AIM:BAU BAU Business As Usual BAU Bangladesh Agricultural University BAU Beirut Arab University (Lebanon) BAU Behavioral Analysis Unit (FBI NCAVC) BAU Al-Balqa' Applied University (Jordan) ) announces additional high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. drill results from the Kupol Property in Chukotka, North East Russia. A total of 49 holes (including re-drills) totaling 9,000 metres, have been drilled to date (June 20th, 2004). The Kupol mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. epithermal vein system has now been traced for 3.5 kilometres of strike length. Significant gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. has been intercepted over 3.1 kilometres of drilled strike length and to a depth of approximately 400 metres. The system remains open along strike and to depth. Assay results have now been received for 29 drill holes. Two of these holes are condemnation Condemnation bell, book, and candle symbols of Catholic excommunication rite. [Christianity: Brewer Note-Book, 85] Bridge of Sighs passage from Doge’s court to execution chamber in Renaissance Venice. [Ital. Hist. holes drilled in the proposed tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. area. The results from holes 158 to 190 continue to confirm grade continuity and extend mineralization in the four contiguous zones 1. A maritime zone adjacent to the territorial sea that may not extend beyond 24 nautical miles (nms) from the baselines from which the breadth of the territorial sea is measured. : the Big Bend Big Bend A region of southwest Texas on the Mexican border in a triangle formed by a bend in the Rio Grande. The area includes deep river canyons, desert wilderness, mountains rising to 2,386. Zone, The Central Zone the North Zone and the South Zone on the Kupol property. In addition these results indicate that significant mineralization in the North Zone continues at depth. Detailed assay results from the new holes are summarized by zone below. Drill hole locations, a summary of Bema's lab procedures and Quality Assurance, Quality Control (QAQC QAQC Quality Assurance/Quality Control QAQC Quality Assurance/Quality Checks (US DoD) ) are on the last page. Big Bend Zone and Big Bend-Central Zone transition Nineteen holes have been drilled in the Big Bend Zone and the structurally complex between Big Bend and Central Zone. Assays have been received from 13 of these holes. Six of the nineteen holes were drilled as "Twin Drill Holes" of previous Russian holes at the transition zone between the Big Bend and the Central Zone. Drilling to date in 2004 has focused on infilling the area of dyking and faulting at the transition between Big Bend and Central Zone, twinning previously drilled Russian drill holes and drilling two holes at depth. Results from the twin holes and infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. holes in the transition zone confirm earlier wide spaced drilling and indicate the transition zone is a zone of dyking and fault offsets. Two holes, 162 and 172 were drilled deep below Big Bend. Hole 162 intersected a broad zone of banded chalcedonic chal·ced·o·ny also cal·ced·o·ny n. pl. chal·ced·o·nies A translucent to transparent milky or grayish quartz with distinctive microscopic crystals arranged in slender fibers in parallel bands. veining vein·ing n. Distribution or arrangement of veins or veinlike markings. with only minor sulphosalt 400 metres below surface and 200 metres below any previous drilling in the Big Bend. The hole contained low grades, however textures indicate the hole is still within the boiling zone and similar to other low grade holes within the heart of the deposit. Hole 172 carried economic gold results. More drilling will be required to determine the extent of mineralization at depth. One infill hole, (158) has been completed in the heart of the Big Bend and returned significantly higher grade than 3 of the 4 holes previously drilled nearby. Deep drill holes and significantly different Big Bend transition holes are listed below:
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Big Bend From To Length True Width Gold Silver Comments
Hole# (metres) (metres) (metres) (metres) (Au) (Ag)
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KP04-158 133.0 154.9 21.9 13.02 55.82 727.3 Infill
Inferred
Area
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KP04-162 449.95 452.8 2.85 1.92 1.14 18.94 300 m
level
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KP04-164 188.3 199.45 11.15 7.02 19.53 307.96 More
results
pending
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Includes 188.3 195.65 7.35 4.63 25.65 438.77 Deeper
than
previous
drilling
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KP04-172 165.05 173.25 8.2 4.10 11.76 196.72 350 level
border
b/w BB
and South
Zone
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Includes 172.0 173.25 1.25 0.63 45.21 193.7
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And 199.85 202.6 2.75 1.38 15.64 95.12
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Includes 199.85 200.85 1.0 0.50 40.7 24.84
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KP04-176 205.0 207.0 2.0 1.2 3.73 49.5 Dyked out
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KP04-178 Results
pending
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KP04-182 219.1 229.6 10.5 8.85 12.85 175.31 Deeper
than
previous
drilling
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Includes 220.5 226.5 6.0 5.06 20.01 264.62
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KP04-185 Results
pending
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KP04-190 60.3 68.4 8.1 5.67 84.99 670.57 Good Twin
Corre-
lation
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And 74.8 89.0 14.2 9.95 44.95 563.79 Second
vein
found(i)
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Includes 76.1 85.0 8.9 6.24 71.22 888.28
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CKB-02 73.6 80.2 6.6 85.35 704.4 Russian
hole
Twinned
by 190
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(i)Russian drill hole did not go far enough to intersect this vein
Central Zone Seven additional holes were drilled in the Central Zone, two of which were drilled to 300 meters and 400 meters below surface. Results are pending for all holes. North Zone and North Extension Zone Six holes have been drilled in the North Zone and North Extension Zone. Four of these holes have been drilled between 350 and 450 meters below surface. The remaining two were drilled 200 meters north of previous drilling. Assay results have been received for two deep holes and the two northern holes. The deep holes contain broad banded chalcedony chalcedony (kălsĕd`ənē) [from Chalcedon], form of quartz the crystals of which are so minute that its crystalline structure cannot be seen except with the aid of a microscope. and opaline o·pal n. 1. A mineral of hydrated silica. 2. A gemstone made of this mineral, noted for its rich iridescence. [Middle English opalus, from Latin, alteration of Greek veins with significant gold mineralization. The two northern holes contained several narrow stringer string·er n. 1. One that strings: a stringer of beads. 2. Architecture a. A long heavy horizontal timber used as a support or connector. b. A stringboard. banded chalcedony and opaline veins with low grade gold. However, ground magnetometer work carried out north of these holes indicates the mag destructive alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. associated with the mineralization extends beyond this drilling, indicating the mineralized system is not closed to the north. Further drilling will be carried out north of these holes to test this alteration zone. Results are listed below:
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North Zone From To Length True Width Gold Silver Comments
Hole# (metres) (metres) (metres) (metres) g/t g/t
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KP04-159 422.0 434.0 12.0 8.87 128.97 Deep hole
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Includes 422.0 425.0 3.0 1.86 15.87 404.03
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KP04-160 299.3 303.3 4.0 2.38 16.91 461.03 Deep hole
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North From To Length True Width Gold Silver Comments
Exten- (metres) (metres) (metres) (metres) g/t g/t
sion
Hole#
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KP04-I70 317.45 326.95 9.5 6.29 4.83 27.68 Deep hole
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Includes 324.95 326.95 2.0 1.32 15.84 94.3
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And 445.7 448.4 2.7 1.78 3.51 60.27
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Includes 446.2 446.6 0.4 0.26 12.3 221.6
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KP04-173 237.0 237.5 0.5 0.31 11.6 23.3 Results
pending
northern
stepout
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KP04-179 269.75 273.3 3.55 2.32 6.26 39.13 Results
pending
deep hole
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KP04-183 272.0 272.35 0.35 0.25 3.74 7.2 Results
pending
northern
stepout
---------------------------------------------------------------------
South Zone and Extension Assay results from six holes completed in the South Zone and South Zone Extension have been received. Hole 189 contained 14.45 g/t gold and 216.9 g/t silver over a true width of 6.85 meters and may represent a new ore shoot. Follow up drilling around this hole is ongoing. The remaining 5 holes contained low grade gold typical of the weakly weak·ly adj. weak·li·er, weak·li·est Delicate in constitution; frail or sickly. adv. 1. With little physical strength or force. 2. With little strength of character. mineralized parts of the South Zone and Extension. The planned exploration and development program at Kupol in 2004 includes approximately 55,000 metres of drilling designed to further explore the property and conduct infill drilling. In addition to drilling, ground mag and resistivity resistivity Electrical resistance of a conductor of unit cross-sectional area and unit length. The resistivity of a conductor depends on its composition and its temperature. is being carded to the north of the existing drilling to follow the mag destructive alteration and silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. associated with the mineralization. The Big Bend Zone is also being completely exposed on surface to allow for detailed sampling to help predict dilution Dilution A reduction in earnings per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities. Notes: Adding to the number of shares outstanding reduces the value of holdings of existing shareholders. and grade variability for mining. Bulldozer trenching is also ongoing in the South Zone and will be carried out in some of the other veins found last year. In addition to exploration, ongoing engineering work on site includes the commencement of the construction of a runway runway: see airport. for fixed wing aircraft, road building, earth works for mine and mill facilities, geotechnical and condemnation drill programs, final metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. test work, and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of equipment and supplies for 2005 construction activity. The following table shows the location of the drill holes drilled to date.
Hole-ID Location Location Location Length Section Azimuth Dip
X Y Z
KP04-158 77,115.00 90,975.00 619.00 176.00 90975N 270 65
KP04-159 77,213.87 92,399.88 599.95 507.00 92400N 270 -65
KP04-160 77,151.10 92,299.88 609.24 392.50 92300N 270 -65
KP04-161 76,408.00 88,840.00 488.00 129.00 88841N 270 -55
KP04-162 77,372.95 91,099.90 643.74 572.50 91100N 270 -60.2
KP04-I63 76,353.00 89,546.00 499.00 129.30 89546N 270 -55
KP04-164 77,149.72 90,974.62 611.46 223.00 77150N 270 -65
KP04-165 77,117.91 91,112.51 639.63 104.00 91100N 270 -55
KP04-166 77,157.53 91,199.80 650.26 143.00 91200N 270 -55.1
KP04-167 77,195.56 91,187.08 648.82 227.00 91175N 270 -60
KP04-168 76,795.00 89,900.00 569.40 148.50 89900N 270 -55
KP04-169 76,862.10 89,900.90 559.90 240.40 89900N 270 -55
KP04-170 77,287.62 92,600.29 588.16 487.00 92600N 268.4 -60
KP04-171 77,095.79 91,161.63 646.24 61.50 91150N 270 -55
KP04-172 77,077.46 90,749.85 574.66 264.00 90750N 270 -76
KP04-173 77,208.03 92,950.19 514.50 556.00 92950N 270 -65
KP04-I74 77,173.67 91,162.48 646.42 167.00 91150N 270 -55
KP04-175 77,309.92 91,300.14 646.37 448.00 91300N 269.8 -70
KP04-176 77,160.97 91,124.85 640.62 215.00 91125N 270 -68
KP04-177 76,833.70 90,199.80 552.40 105.00 90200N 270 -55
KP04-178 77,159.97 91,124.82 640.77 155.00 91125N 270 -51
KP04-179 77,244.01 92,713.72 556.73 488.00 92750N 270 -64
KP04-180 76,849.70 89,951.20 558.90 180.30 89950N 270 -55
KP04-181 76,804.60 90,125.60 554.20 110.00 90125N 270 -55
KP04-182 77,288.24 91,224.87 648.65 302.00 91225N 270 -48
KP04-183 77,151.04 92,950.02 517.52 444.60 92950N 270 -60
KP04-184 77,267.83 91,475.04 647.27 391.60 91475N 270 -70
KP04-185 77,173.83 91,249.95 654.22 188.80 91250N 270 -60
KP04-186 76,840.05 90,149.04 550.64 175.50 90150N 270 -55
KP04-187 76,894.67 89,773.74 556.00 216.80 89775N 270 -55
KP04-188 77,098.94 91,224.98 652.95 62.00 91225N 270 -55
KP04-189 76,861.20 90,298.52 544.00 84.00 90300N 270 -55
KP04-190 77,118.32 91,274.94 657.79 110.00 91275N 270 -59
KP04-191 77,145.66 91,300.03 657.34 153.00 91300N 270 -55
KP04-192 77,224.94 90,925.17 607.59 401.00 90925N 270 -65
KP04-193 76,891.92 90,299.59 540.98 132.50 90300N 270 -55
RP04-194 77,134.35 91,350.18 661.04 143.00 91350N 270 -60
KP04-195 77,195.47 93,180.12 542.11 422.00 93150N 260 -55
KP04-196 77,242.94 92,499.97 594.59 92500N 270 -60
KP04-197 77,134.87 91,674.93 659.12 107.50 91675N 270 -55
KP04-198 77,184.34 91,350.00 656.70 221.00 901350N 270 -60
KP04-199 76,945.85 90,300.12 534.49 90300N 270 -55
KP04-200 77,087.90 91,699.75 661.66 91700N 270 -55
KP04-201 77,270.72 91,099.83 646.87 91100N 270 -59
KP04-202 92400N
KP04-203 77,177.00 90,899.98 599.87 49.00 90900N 274 -60
KP04-203A 77,177.00 90,899.98 599.87 90900N
Bema has installed an on site preparation and fire assay laboratory due to the project's remote location. The lab is managed by an experienced Russian fire assayer and overseen by an independent consultant. Bema has also retained an independent consultant (the Consultant) to ensure the lab is operated to the level of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. standards and that a comprehensive quality control program is run by the lab. The Kupol lab is operated as an independent lab and no Bema personnel are permitted unsupervised access. Drill samples have been prepped on site under the supervision of the independent North American consultant and reviewed on site by a representative of the Consultant who visited the site during lab start-up. Samples are crushed in two passes within a jaw crusher crusher, machine used to reduce materials such as ore, coal, stone, and slag to particle sizes that are convenient for their intended uses. Crushers operate by slowly applying a large force to the material to be reduced. to 80% passing 2 mm. approximately 800 grams are split off the coarse crush crush A combination commodity trade in which soybean futures are purchased and soybean meal or oil futures are sold. Compare reverse crush. and pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. to 95% passing 150 mesh Refers to an interconnect architecture that cross- connects several devices. See mesh network, wireless mesh network and switch fabric. (character) mesh - The INTERCAL name for hash. . A 200 gram pulverized sample is split and packaged for the analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. lab. All results released in this news release have been validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by BSDlO. Quality Control Program ("QC") which has been designed in concert with an independent consultant to meet or exceed the requirements of N1 43-101. This QC program includes the use of certified See certification. standard reference samples, coarse field blank material and duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. sampling. Tom Garagan, Vice President of Exploration for Bema Gold Corporation, is the Qualified Person for this exploration project. The Kupol project is a joint venture between Bema and the Government of Chukotka. Bema has the option to earn a 75% interest in the property from the Government. On behalf of BEMA GOLD CORPORATION Clive T. Johnson Chairman, C.E.O., & President The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. neither approves nor disapproves the information contained in this news release. Some of the statements contained in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. |
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