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Bema Gold Corporation: More High Grade Drill Results from the Kupol Property, Russia

Thursday October 16, 11:14 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 16, 2003--Bema Gold Corporation ("Bema") announces additional high-grade drill results from the Kupol Property in Chukotka, Far East Russia. A total of 162 holes (including redrills) totaling 21,860 metres, have been drilled to date. The Kupol mineralized epithermal vein system has now been traced for 3.5 kilometres of strike length. Significant gold mineralization has been intercepted over 3.1 kilometres of drilled strike length and to a depth of at least 300 metres (with a vertical extent of at least 400 metres). The system remains open along strike and to depth. Please refer to www.bema.com for an updated drill hole location map and a long section of the Kupol property.

Assay results have now been received for 151 drill holes (116 of which were previously released). The results from holes 117 to 151 continue to confirm grade continuity and extend mineralization in the four contiguous zones; the Big Bend Zone, the Central Zone, the North Zone and the South Zone. In addition these results indicate that the North Zone continues underneath the clay alteration north of the fault and remains open to the north and 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 QAQC (Quality Assurance Quality Control) are on the last page.

Big Bend Zone

Eleven additional holes were drilled in the Big Bend Zone which is located at a flexure in the main structure and hosts some of the most significant intersections to date. Recent drilling focused on depth continuity and the geostat cross. Holes 108, 118 and 143 indicate mineralization remains open at depth. In addition hole 143 intercepted four separate high grade veins. Holes 135, 136, and 138 in the geostat cross indicate good short range grade continuity. The zone remains as a single wide high grade ore shoot which now extends over at least 650 metres of strike length and to a depth of at least 250 metres. Assay results from all the new holes drilled on the Big Bend Zone are listed below.

CONTINUED AT:

http://biz.yahoo.com/bw/031016/165478_1.html