Bema Gold Corporation: Kupol Drill Results; New Vein Discovered and Extension of Main Vein.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 (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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) )(AMEX AMEX See: American Stock Exchange :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) ) is pleased to announce additional high grade drill results from the Kupol Project in Chukotka, Russia. Fifty three holes totaling 14,414 metres have been completed to date of the 45,000 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, 2005 drilling program. Highlights of the recent drilling include the discovery of a second new vein 1 kilometre southwest of 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, extension of the 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. a further 200 metres north along strike, intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of the South zone offset vein and continued success in deeper exploration drilling of the Central zone. New Vein Discovery Drilling from three holes in the southwest region of the Kupol property has intersected a new vein called Vtoryi II, approximately 1 kilometre southwest of the Big Bend zone and 350 metres west of the Southern Extension zone. The first hole, KP05-487, intersected 1.60 metres (approximately 1.1 metres true width) grading 15.4 g/t gold and 383.9 g/t silver. The second hole, KP05-500, an undercut undercut, n 1. the portion of a tooth that lies between its height of contour and the gingivae, only if that portion is of less circumference than the height of contour. 2. of the first, appears to have been partially drilled down dip and returned 12.80 metres (approximately 3-4 meters true width)(i) grading 26.2 g/t gold and 758.4 g/t silver. A third hole, KP05-513, contained low grade gold 25 meters south and near surface, but confirmed a northwest strike and westerly Westerly, town (1990 pop. 21,605), Washington co., extreme SW R.I., between the Pawcatuck River and Block Island Sound; inc. 1669. Its textile industry dates from 1814, and granite has been quarried there since c.1850. dip. One drill will be dedicated to following up this new vein discovery, which occurs in a mag low associated with intense clay alteration, while a second drill will continue to test for additional veining vein·ing n. Distribution or arrangement of veins or veinlike markings. within the broad zones of alteration encountered to date in the Vtoryi zone. (i)True widths for the remaining holes in this news release are approximately 60%-80% of the stated intercepts. The Vtoryi II vein is approximately 500 metres northeast of the previously unnamed vein discovered in hole KP05-457 (2.95 meters of 44.54 g/t silver) announced on June 3, 2005. This vein is now being called Vtoryi I. Follow up drilling on Vtoryi I intersected a stibnite stibnite (stĭb`nīt), antimony sulfide, Sb2S3, a mineral, silvery gray in color, with a metallic luster. It crystallizes in the orthorhombic system. rich zone in hole KP05-475, which returned 0.40 g/t gold and 615.70 g/t silver over 0.65 metres. Vtoryi I will be followed up with further drilling at a later date.
Selected results from the Vtoryi zone are show below:
Vtoryi Zone From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t)
KP05-475 192.45 193.10 0.65 0.4 615.7
KP05-487 29.80 31.40 1.60 15.4 383.9
KP05-500 96.60 109.40 12.80 26.2 758.4
Incl. 102.50 108.70 6.20 50.3 1,152.3
KP05-513 27.90 28.70 0.80 0.5 117.2
North Extension Zone Step-out drilling to the north has extended the North Extension zone, at depth, for a further 200 metres for a total increase of strike length of 300 meters in 2005. The zone remains open to the north and at depth.
Selected drill results are as follows:
North Extension From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t)
KP05-461 264.70 268.15 3.45 11.2 14.4
Incl. 264.70 265.70 1.0 26.4 24.3
KP05-484 309.0 310.45 1.45 26.8 36.3
and 314.80 319.10 4.30 24.5 276.5
Incl. 314.80 318.10 3.30 30.5 349.4
KP05-492 370.50 375.20 4.70 13.5 105.6
Incl. 373.50 374.50 1.00 30.5 49.6
North Zone In order to meet Russian reserve requirements Reserve Requirements Requirements regarding the amount of funds that banks must hold in reserve against deposits made by their customers. This money must be in the bank's vaults or at the closest Federal Reserve Bank. , additional 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. drilling was completed in the area of the indicated resource on the North zone. Selected results from this program are shown below:
North Zone From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t)
KP05-469 129.00 154.10 25.10 6.6 68.1
Incl. 136.00 154.10 18.10 8.6 86.2
KP05-476 140.80 158.40 17.60 14.2 156.6
Incl. 144.50 152.40 7.90 24.9 277.0
KP05-480 215.80 223.70 7.90 14.0 207.6
Incl. 217.90 222.85 4.95 20.0 298.3
and 233.80 250.20 16.40 28.5 103.5
Incl. 233.80 245.80 12.00 37.3 130.5
and 251.80 253.20 1.40 19.1 54.1
and 256.75 271.90 15.15 16.0 282.1
Incl. 258.20 267.20 9.00 23.8 394.2
and 283.90 290.70 6.80 8.7 37.9
Incl. 286.90 288.90 2.00 24.2 84.6
KP05-488 180.90 184.00 3.10 8.5 85.4
and 246.00 250.00 4.00 11.3 71.3
and 254.10 275.40 21.30 12.6 146.8
Incl. 254.10 266.50 12.40 17.6 218.9
KP05-493 151.70 157.45 5.75 51.9 392.8
Central Zone Nine holes totaling 2,337 metres have been completed in the Central zone in 2005 and results from exploration drilling at depth have been received. Highlights of this drilling are hole KP05-464 (4.0 metres grading 35.4 g/t gold and 746.5 g/t silver) and hole KP05-467 (14.40 metres grading 17.1 g/t gold and 302.8 g/t silver). This drilling shows that the Central zone is more continuous in the transition from the Big Bend zone than previously thought.
Selected results are presented below:
Central Zone From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t)
KP05-464 180.30 184.30 4.00 35.4 746.5
Incl. 181.00 184.00 3.00 45.4 985.3
KP05-467 225.00 239.40 14.40 17.1 302.8
KP05-472 260.50 268.20 7.70 9.1 97.0
KP05-474 218.00 221.20 3.20 10.9 184.9
and 225.30 234.80 9.50 17.7 168.3
Incl. 225.30 233.00 7.70 21.4 203.1
KP05-481 201.60 205.50 3.90 20.1 188.0
KP05-482 280.45 289.00 8.55 8.5 106.4
Incl. 282.30 289.00 6.70 10.3 133.7
KP05-490 199.30 203.40 4.10 18.4 487.8
South Zone Five holes totaling 1,282 metres have been drilled to date in 2005 on the South zone to test for the continuity of the South offset vein and continue exploration of the South zone veins at depth. Three holes have intersected the South offset vein so far, which is approximately 80 metres east of the known South zone veins; KP05-460 (2.20 metres grading 12.1 g/t gold and 141.3 g/t silver), KP05-471 (1.20 metres grading 8.0 g/t gold and 35.3 g/t silver) and KP05-499 (5.30 metres grading 24.6 g/t gold and 134.7 g/t silver). Drilling has determined that the offset vein has a different strike and dip Strike and dip refer to the orientation or attitude of a geologic feature. The strike of a stratum or planar feature is a line representing the intersection of that feature with the horizontal. than the South zone veins. Both the South zone vein and the South offset vein remain open along strike and at depth.
Selected results from the South zone are summarized below:
South Zone From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t)
KP05-460 46.80 49.00 2.20 12.1 141.3
Incl. 46.80 48.00 1.20 17.7 202.3
and 123.60 124.60 1.00 45.3 102.9
KP05-471 37.00 38.20 1.20 8.0 35.3
and 150.00 154.00 4.00 17.2 209.5
and 156.20 157.20 1.00 10.0 134.9
190.30 192.50 2.20 13.9 83.3
Incl. 190.30 192.10 1.80 16.4 93.5
KP05-499 31.30 32.20 0.90 8.4 70.2
33.10 38.40 5.30 24.6 134.7
Incl. 35.70 38.40 2.70 35.6 167.3
and 86.00 86.90 0.90 46.2 325.9
Incl. 86.60 86.90 0.30 105.1 747.5
and 96.10 98.20 2.10 27.1 119.1
Bema recently released (see news release dated June 3, 2005) a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. for the Kupol project demonstrating that it is technically feasible and can be developed as a high grade, low cost gold and silver mine with robust project economics. The 2005 development program is ongoing with road and airstrip construction and site earth works. Materials for the 2006 development program are currently being procured and will be shipped to the Pevek (Russia) storage facility this summer for delivery to the Kupol site next year. The main construction years at Kupol will be 2006 and 2007, with production scheduled for mid 2008.(i) (i)Subject to financing and final permitting. For a table of drill results from all of the holes drilled to date in the 2005 program, please refer to the Bema web site at www.bema.com. All results contained 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 a 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 as described at length in earlier news releases and in the recently released technical reports for the Kupol project on April 4, 2005 and July 5, 2005. 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 Johnson, Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , President Bema Gold Corporation trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX) and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX). Symbol: BGO. Bema Gold also trades on the London Stock Exchange's Alternative Investment Market (AIM). Symbol: BAU. 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. " within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied. The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. Bema Gold Corporation (TSX:BGO) (AMEX:BGO) (AIM:BAU) |
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