Bell Coast releases Shadow Mountain information
Bell Coast Capital Corp BCP
Shares issued 30,900,356 Jun 21 close $0.11
Tue 22 Jun 2004 News Release
Mr. Rahoul Sharan reports
BELL COAST CAPITAL CORP - MONGOLIA EXPLORATION UPDATE
Bell Coast Capital Corp. has released information on its Mongolian
exploration program consisting of induced polarization surveys over the
buried intrusive on the company's Shadow Mountain property.
The Shadow Mountain prospect, located in the southwest corner of the Gobi
desert, covers approximately 100,000 hectares and is in close proximity to
Ivanhoe mines to the north and east. To date, Bell Coast geologists have
completed surface prospecting, limited shallow drilling, mapping, and
magnetic and induced polarization (IP) geophysical surveys. The exploration
team has observed copper staining and copper mineralization in 10 separate
locations within an east-trending zone that is three kilometres long and
between 200 metres and 300 metres wide. Surface samples collected within
this zone have assayed up to 2.76 per cent copper, 1.64 grams per tonne
(g/t) gold and 0.27 per cent molybdenum. Results from recently completed IP
and magnetic surveys and shallow drilling have yielded several promising
targets.
Insight Geophysics Inc. of Toronto, Canada, has been contracted to conduct
the survey using an innovative, deep penetrating, diagnostic technique
designed by the principles of Insight. The Insight geophysical crew
demobilized from the Shadow Mountain property on June 13, 2004.
While on-site, the crew completed just over 240 kilometres of tuned
gradient IP/resistivity surveying and approximately 17 line kilometres
detailed Insight sections over areas of geophysical and geological
anomalous interest. A total of 9 Insight sections of lengths varying from
1,000 metres to 3,000 metres were constructed on nine separate lines. The
positioning of the Insight sections was determined through the
collaborative efforts of Insight Geophysics geophysicists and Bell Coast
Capital geologists. The Insight sections were placed in areas where the
geophysical responses from the tuned gradient IP/resistivity survey were of
the appropriate signature to indicate the possible presence of an increased
concentration of sulphides subsurface. Further, the placement of the
Insight sections also made use of all geological mapping and knowledge to
insure that the Insight sections were being constructed in areas
appropriate to the properties geological model.
A variety of geophysical targets have been defined by the survey as being
worthy of drill testing. At present, David Dawson (chief geophysicist of
Insight Geophysics) is compiling all the data to produce the final maps in
preparation of writing the final interpretation report. The final
interpretation report will contain a complete geophysical description of
all significant anomalous zones and recommendations on how to best drill
test the targets. Insight will require geological input from Bell Coast
Capital to produce an optimal report.
Bell Coast's exploration programs are under the direction of the company's
two senior geologists, Ken Thorsen, PEng, and Robert Weicker, PGeol
(qualified person). Following the recent surface discovery at Shadow
Mountain, Mr. Thorsen joined the company as a member of the board and
vice-president of exploration. Mr. Thorsen has over 35 years experience in
mineral exploration worldwide. He was formerly the president of Teck
Exploration and has been credited with the discovery of several mines. He
has vast experience in exploration for many commodities, including gold,
silver, copper, zinc, nickel, platinum, palladium, diamonds and uranium,
and has been involved in exploration programs in Mexico, Canada, U.S.,
Peru, Chile, Brazil, Argentina, Venezuela, Australia, China, Africa, Panama
and Central Asia.
Bell Coast has assembled a team of professionals that is familiar with the
geology and operational logistics of Mongolia. Mine Info Inc., a
Mongolian-based exploration team of Soviet-trained geologists, with
regional experience in the South Gobi region, has been retained by the
company on a contract basis to assist in various work programs. The team
can handle multiple functions related to acquisition, evaluation and
exploration with support from the Canadian office. In addition, Bell Coast
maintains an office in Mongolia's capital city, Ulaan Bataar.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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