Belo Sun Mining Corp. (BSX)

[Tommy]

$BSX.TO - Belo Sun Releases Results for 74 Additional Drill Holes at Its Volta Grande Project

http://www.belosun.com/News/News-Releases/News-Releases-Details/2013/Belo-Sun-Releases-Results-for-74-Additional-Drill-Holes-at-Its-Volta-Grande-Project/default.aspx

TORONTO, ONTARIO--(Marketwired - July 24, 2013) - Belo Sun Mining Corp. (TSX:BSX) has received assays for 74 additional drill holes (corresponding to 15,813 meters of drilling) at its Volta Grande Project. This drilling has been designed to expand and upgrade the current resources estimate.

The results being released today are being incorporated into a database and will be used in the new mineral resource estimate expected to be completed in early Q3 this year. There are no pending results for the 2013 drill program. Belo Sun has completed 203,235 meters of drilling (767 drill holes) since April 2010.

Included in this release are the assay results from seven drill holes from the Grota Seca deposit, 23 from the Ouro Verde deposit (most of them from the "Junction" OuroVerde/Grota Seca area), 35 from the South block area as well as nine from the Anapu Regional target. The complete results are presented below. Highlights from the holes included in this release are:

For the South Block, at the Pequi target area, hole VVGD-688 intersected 14.09 meters grading 6.32 g/t Au (from 295.56 meters) and shallow high grade intersections at the Itata target area in hole VVGD-693 with 5.88 meters grading 8.02 g/t Au (from 118.62 meters) and hole VVGD-656 with 4.40 meters grading 11.99 g/t Au (from 26.65 meters).



Hole VVGD-689 (at the Grota Seca deposit) intersected 11.65 meters grading 1.91 g/t Au (from 182.60 meters). This intercept represents a new mineralized zone that is located parallel to the main "Central" zone.



A significant down dip intercept at the Ouro Verde deposit Northwest extension in hole VVGD-640 at section 1150 NW with 11.00 meters grading 2.08 g/t Au (from 256.00 meters).



The Volta Grande "Pit constrained" mineral resources has 4.7 million ounces in the Measured and Indicated category grading 1.68 g/t and 2.2 million ounces grading 1.85 g/t in the Inferred category (see press release dated April 15th 2013 and Technical Report filed on SEDAR). The focus of this campaign has been to upgrade Inferred resources into the Measured and Indicated category and to expand the overall size of the resource.

TABLE 1 - DIAMOND DRILLING ASSAY RESULTS

The widths reported below represent the core width of the intercepts; true widths are expected to range between 85-95% of the core width.
South Block Target
Hole # From (m) To (m) Width (m) Au g/t
VVGD-636 NSR
VVGD-639 NSR
VVGD-641 30.95 33.85 2.90 9.16
VVGD-644 76.24 78.00 1.76 37.28
VVGD-646 93.20 99.78 6.58 2.13
VVGD-647 82.80 84.93 2.13 6.46
and 109.65 114.00 4.35 1.36
VVGD-649 55.50 59.80 4.30 1.26
and 72.29 75.59 3.30 1.67
and 93.94 101.80 7.86 1.43
VVGD-650 NSR
VVGD-653 30.50 32.19 1.69 8.19
VVGD-654 163.60 165.10 1.50 7.07
VVGD-656 26.65 31.05 4.40 11.99
and 60.55 63.80 3.25 5.29
VVGD-658 30.00 38.00 8.00 1.41
and 163.60 166.00 2.40 7.61
VVGD-660 55.24 59.00 3.76 1.16
VVGD-661 NSR
VVGD-663 23.05 27.55 4.50 0.90
and 75.50 79.50 4.00 7.37
VVGD-665 163.00 166.00 3.00 5.04
VVGD-667 NSR
VVGD-668 0.00 3.90 3.90 0.74
VVGD-669 NSR
VVGD-672 NSR
VVGD-673 52.65 58.00 5.35 1.76
and 97.71 101.30 3.59 2.18
and 116.90 120.00 3.10 0.67
VVGD-675 67.93 70.35 2.42 1.71
and 76.00 78.60 2.60 2.35
and 171.13 176.00 4.87 2.33
VVGD-676 NSR
VVGD-679 37.95 41.00 3.05 0.78
VVGD-681 194.75 202.20 7.45 4.29
VVGD-683 NSR
VVGD-685 0.00 3.00 3.00 1.04
VVGD-686 NSR
VVGD-688 175.00 185.15 10.15 1.95
and 295.56 309.65 14.09 6.32
VVGD-690 63.00 68.40 5.40 1.78
and 218.40 221.35 2.95 1.72
VVGD-693 93.00 95.00 2.00 2.32
and 118.62 124.50 5.88 8.02
VVGD-696 102.70 105.21 2.51 3.65
VVGD-697 99.37 104.90 5.53 3.87
VVGD-698 90.60 100.60 10.00 0.68
VVGD-699 39.70 41.82 2.12 25.96
and 104.00 109.00 5.00 1.85
and 128.90 134.93 6.03 2.74
and 155.85 163.45 7.60 2.12

Ouro Verde Deposit
Hole # From (m) To (m) Width (m) Au g/t
VVGD-635 193.00 196.00 3.00 0.51
VVGD-637 270.50 275.19 4.69 0.52
and 319.00 322.00 3.00 3.55
VVGD-638 115.00 118.63 3.63 1.05
and 122.00 125.00 3.00 0.87
and 140.70 146.40 5.70 1.58
and 152.80 164.50 11.70 1.01
VVGD-640 156.00 163.00 7.00 1.60
and 232.70 235.83 3.13 6.85
and 256.00 267.00 11.00 2.08
and 317.00 322.79 5.79 1.26
and 358.00 361.45 3.45 0.58
VVGD-642 23.00 26.00 3.00 12.89
and 127.00 129.50 2.50 15.76
and 181.00 186.00 5.00 1.62
VVGD-643 16.00 21.00 5.00 1.16
and 43.00 50.20 7.20 0.78
and 70.50 76.23 5.73 1.40
and 84.20 89.00 4.80 0.63
and 142.00 145.40 3.40 5.20
VVGD-645 11.00 17.00 6.00 2.36
and 65.00 68.00 3.00 0.61
VVGD-648 29.00 36.70 7.70 0.65
and 65.60 71.00 5.40 0.58
VVGD-651 271.65 274.90 3.25 2.64
VVGD-652 NSR
VVGD-655 14.00 18.00 4.00 1.81
and 32.00 38.00 6.00 1.46
and 74.00 77.00 3.00 2.34
and 193.00 195.00 2.00 3.03
and 221.00 227.00 6.00 0.79
VVGD-657 141.00 144.00 3.00 0.73
and 147.65 153.00 5.35 0.53
and 178.80 184.00 5.20 0.93
VVGD-659 59.00 69.00 10.00 1.33
VVGD-670 52.13 58.30 6.17 0.77
and 73.00 78.53 5.53 2.15
and 85.60 89.00 3.40 0.96
and 105.00 109.41 4.41 1.30
VVGD-674 3.15 13.00 9.85 0.69
and 34.55 42.40 7.85 4.28
and 107.00 115.76 8.76 1.40
and 168.33 170.73 2.40 3.45
VVGD-678 60.67 62.80 2.13 0.69
and 103.95 109.45 5.50 5.09
and 171.00 176.55 5.55 0.86
and 180.93 185.00 4.07 0.51
VVGD-680 86.00 91.00 5.00 0.51
and 93.70 98.00 4.30 0.66
and 102.65 108.20 5.55 0.86
and 112.15 115.53 3.38 0.62
and 124.70 133.70 9.00 1.46
and 181.50 183.70 2.20 3.77
VVGD-684 NSR
VVGD-682 12.66 27.30 14.64 0.98
VVGD-687 177.00 183.00 6.00 0.66
and 195.24 201.50 6.26 1.45
and 241.55 253.65 12.10 1.00
and 258.70 264.00 5.30 1.57
and 278.00 281.00 3.00 0.77
and 295.45 303.60 8.15 1.23
and 321.00 323.00 2.00 2.36
and 327.00 330.00 3.00 0.62
and 382.11 392.75 10.64 1.88
VVGD-691 NSR
VVGD-692 74.55 81.45 6.90 0.61
and 85.49 101.05 15.56 0.99
VVGD-695 52.50 55.25 2.75 2.17

Grota Seca Deposit
Hole # From (m) To (m) Width (m) Au g/t
VVGD-662 5.00 10.00 5.00 0.56
and 41.40 44.40 3.00 0.65
and 161.60 166.05 4.45 2.81
and 173.00 180.00 7.00 0.62
VVGD-664 72.00 76.00 4.00 0.88
and 79.61 85.10 5.49 0.87
and 178.00 183.50 5.50 0.81
and 294.00 298.50 4.50 0.60
and 303.00 310.00 7.00 1.75
and 334.00 336.85 2.85 3.68
VVGD-666 NSR
VVGD-671 71.75 74.07 2.32 12.09
and 106.76 110.65 3.89 9.53
VVGD-677 22.15 39.50 17.35 0.92
and 76.95 84.16 7.21 2.01
and 90.55 93.48 2.93 8.96
VVGD-689 58.00 62.40 4.40 0.52
and 104.00 108.50 4.50 0.89
and 162.40 167.40 5.00 0.52
and 182.60 194.25 11.65 1.91
and 202.00 206.09 4.09 0.56
VVGD-694 10.34 19.65 9.31 0.54

Anapu Target
Hole # From (m) To (m) Width (m) Au g/t
BSBD-001 24.45 29.60 5.15 0.73
BSBD-002 51.76 53.64 1.88 1.96
and 90.54 91.53 0.99 19.34
BSBD-003 NSR
BSBD-004 NSR
BSJD-001 NSR
BSJD-002 NSR
BSJD-003 NSR
BSJD-004 NSR
BSJD-005 NSR

Quality Assurance and Quality Control

The scientific and technical information in this press release has been reviewed and approved by David Gower, P. Geo., an advisor to Belo Sun and a Qualified Person as defined by National Instrument 43-101. The exploration program is directly supervised by Mr. Carlos Cravo, P. Geo., Belo Sun's exploration manager. Belo Sun's procedures for handling drill core comprise initial description and logging into a Microsoft Access database. Mineralized, suspected mineralized or not intervals in the drill holes are described in detail and marked for sampling. Core is then cut in half with the right-hand portion of the core put into plastic sample bags and sealed. The left-hand portion is returned to the core box and is stored for future reference or study. Assay standard and "Blank" samples are inserted every 20th sample. These samples are then delivered to ACME Labs sample preparation facility at the Volta Grande Project site. The assay samples are then fine-crushed to better than 80% passing 10 mesh screens, with an assay pulp split of up to 1000 grams pulverized to better than 85% passing 200 mesh screen. Samples are assayed at ACME Labs in Santiago, Chile, using a 50 gram fire assay with AAS finish. These QA/QC procedures provide several measures of data quality and provide assurances to Belo Sun that the assay data is representative of the original sample.

About the Company

Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.