Bellhaven Copper and Gold (BHV.V) has updated the market on their exploration plans at their Colombian Las Minas project which currently holds 2.6M gold-equivalent ounces.
The company will drill-test four targets near the La Cantera and the Middle Zone through a 5,000m drill program and plans to fly a ZTEM survey over the entire Las Minas zone. Bellhaven’s technical team is also putting all available geophysical data into a 3D model, in order to define the geological structures of the porphyry systems on the property. It’s also interesting to note that there is more and more evidence the Cantera and Middle zones are connected with each other at depth.
Bellhaven currently has in excess of C$4M in working capital, so they don’t have to raise additional money in the next few months. At a share price of 20 cents, they currently have an enterprise value of C$20M.
Disclosure: The author holds no position in Bellhaven Copper and Gold Inc. yet. Please see our disclaimer for current positions.
