Bema Gold Corporation: High Grade Mineralization Discovered in Two New Zones at Kupol
15 8월 2006 - 4:01PM
UK Regulatory
FOR: BEMA GOLD CORPORATION
TSX, NYSE SYMBOL: BGO
AIM SYMBOL: BAU
August 15, 2006
Bema Gold Corporation: High Grade Mineralization Discovered in Two New Zones at Kupol
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2006) - Bema Gold Corporation (TSX:BGO)(NYSE:BGO)(AIM:BAU)
is pleased to announce the initial results from the 2006 exploration drilling program at its 75% owned Kupol
project in Chukotka, Russia. Fifty-two holes totaling 18,484 metres have been completed to date of the original
20,000 metre 2006 drilling program. Drilling in 2006 has concentrated on testing geological, geochemical and
geophysical exploration targets within the license area, away from the main Kupol deposit, and continuing to
evaluate the potential for stacked mineralized zones at depth under the main deposit.
This year's exploration has been successful in identifying two new zones of high grade mineralization in the
southern portion of the property. Initial drill results from these zones include intercepts of 6.30 metres
grading 50.62 grams per tonne (g/t) gold and 1701.30 g/t silver from the 650 zone and 0.60 metres grading
251.14 g/t gold and 134.04 g/t silver from the South East Breccia zone. Drilling is ongoing with two drills
exploring the new discoveries and a third drill continuing to test other targets on the property.
650 and South-East Breccia Zones
High grade mineralization was initially discovered 490 metres south of the 2005 Kupol Inferred Resource
boundary (see February 8, 2006 news release) while targeting the intersection of the Vtoryi II and South
Extension Kupol main vein system. The newly discovered area of mineralization is comprised of two principal
zones; the 650 and the South-East Breccia Zones. The 650 Zone consists of a series of north to northwest
trending quartz-adularia veins and vein zones which have been traced over a distance of 450 metres and to a
depth of 200 metres below surface. The steeply dipping veins in the 650 zone may represent the strike
continuation of the South Extension zone. The South-East Breccia Zone is located approximately 100 metres east
of the 650 zone and is comprised of a series of north-northwest trending, steeply dipping, vein breccia bodies
and quartz-adularia-amethyst veins that have been traced over a strike length of 125 metres and down dip for
275 metres. Both zones remain open at depth and along strike and more drilling will be needed to test the
margins and define ore shoot geometry.
The 650 Zone discovery hole, KP06-650, intersected several brecciated, crustiform, quartz-adularia veins with
selected assay results from this hole including 1.70 metres grading 12.99 g/t gold and 167.95 g/t silver and
3.85 metres grading 13.83 g/t gold and 81.36 g/t silver. Additional intersections from the 650 zone include:
hole KP06-688 which intersected 1.90 metres grading 68.83 g/t gold and 150.67 g/t silver; KP06-693 which
intersected 2.20 metres grading 15.67 g/t gold and 317.86 g/t silver and 8.0 metres grading 23.41 g/t gold and
50.38 g/t silver; and KP06-695 which intersected 6.30 metres grading 50.62 g/t gold and 1701.30 g/t silver,
including 0.90 metres grading 232.38 g/t gold and 6671.90 g/t silver. Twelve holes have been drilled in the
zone to date and results have been received for eleven holes. The geometry of the zones is not well understood
at this time so true widths will be defined at a later date. Significant results from the 650 Zone are shown
below:
/T/
Hole # From (m) To (m) Length (m) Gold (g/t) Silver (g/t)
KP06-650 100.70 101.65 0.95 9.79 72.21
and 141.30 143.00 1.70 12.99 167.95
and 146.00 149.85 3.85 13.83 81.36
and 189.70 190.20 0.50 5.26 831.88
KP06-669 98.90 101.10 2.20 7.66 160.11
and 133.00 134.00 1.00 5.76 1.30
and 137.70 138.70 1.00 7.68 73.70
KP06-688 180.70 185.70 5.00 2.20 21.76
and 210.10 212.0 1.90 68.83 150.67
KP06-692 133.00 143.00 10.00 4.40 24.35
incl. 141.00 142.00 1.00 27.74 134.80
KP06-693 136.60 144.60 8.00 23.41 50.38
incl. 136.60 137.40 0.80 207.36 104.00
and 152.20 154.40 2.20 15.67 317.86
KP06-694 233.60 235.0 1.40 4.38 59.65
and 250.2 250.8 0.60 13.20 12.10
KP06-695 134.40 140.70 6.30 50.62 1701.30
incl. 138.90 139.80 0.90 232.38 6671.90
and 147.10 152.50 5.40 6.86 33.05
/T/
The South-East Breccia Zone (SEBZ) consists of a set of quartz-adularia-amethyst veins and polymictic breccia
pipes or dykes. This zone has been tested by three holes: hole KP06-654, which intersected 0.60 metres grading
251.14 g/t gold and 134.04 g/t silver, KP06-658, which intersected 0.65 metres grading 6.46 g/t gold and 71.60
g/t silver and KP06-659, which intersected 0.85 metres grading 8.64 g/t gold and 11.70 g/t silver and 1.50
metres grading 13.66 g/t gold and 224.00 g/t silver. Significant results from the South East Breccia Zone are
listed in the table below:
/T/
Hole # From (m) To (m) Length (m) Gold (g/t) Silver (g/t)
KP06-654 340.20 340.80 0.60 251.14 134.04
KP06-658 166.00 166.65 0.65 6.46 71.60
KP06-659 299.40 300.25 0.85 8.64 11.70
and 306.60 308.10 1.50 13.66 224.00
/T/
Trenching of the 650 and South-East Breccia Zone is currently underway and will be followed up by additional
drilling to further delineate the new discoveries.
Trenching
Initial trench results have been received from the South Zone stripping immediately east where the new South
portal of the Kupol mine is being developed. To date 60 metres of strike length has been stripped and sampled
in an effort to assist in mine planning. Results to date confirm the high grade nature of the zone and suggest
that there may be potential to revise the current mine plan to include a small open pit in this area.
Significant trench results include:
/T/
Trench # From (m) To (m) Length (m) Gold (g/t) Silver (g/t)
TP90345.2 11.57 15.00 3.43 18.92 133.70
TP90255.1 20.29 28.04 7.75 9.47 104.00
incl. 22.14 23.80 1.66 17.35 194.17
TP90355.2 0.00 8.84 8.84 5.04 77.70
TP90365 17.61 23.07 5.46 8.23 204.20
TP90385 12.29 20.04 7.75 10.67 95.78
incl. 14.88 16.63 1.75 34.89 181.95
TP90395 6.76 14.56 7.80 14.54 103.13
incl. 6.76 10.35 3.59 26.08 146.78
TP90405.2 4.10 8.11 4.01 9.27 55.38
/T/
Infill Drilling
Six infill holes totaling 1,355.5 metres were drilled on the main Kupol vein system in order to satisfy Russian
mineral reserve classification requirements for completion of the 2005 Russian Resource and Reserve estimate.
Comparison of the infill holes, within the February 8, 2006 mineral resource model, indicates that the both the
vein geometry and grade for the areas targeted by the six holes are well represented by the model and as such
the holes will not have a significant influence on the overall resource. Significant results from the six
infill holes are shown below:
/T/
From To Length Gold Silver
Hole # (m) (m) (m) (g/t) (g/t) Zone
KP06-672 104.60 109.00 4.40 5.76 99.62 Central
KP06-674 256.00 258.60 2.60 5.51 10.00 Central
and 262.00 264.80 2.80 31.56 448.28 Central
KP06-676 184.10 215.40 31.30 13.09 146.19 North
KP06-677 136.50 163.30 26.80 6.74 147.43 Central
KP06-678 145.00 146.00 1.00 11.14 240.80 North
Extension
and 200.60 244.30 43.70 10.09 85.98 North
Extension
KP06-679 194.70 229.00 34.30 4.09 29.29 North
Extension
/T/
Drilling is ongoing on the 650 Zone with two of three rigs operating to expand and partially infill this zone
by the end of the season. The third rig is continuing exploration on other targets. An additional 2,500
metres of drilling has been added to this years' budget to follow up on these two new zones.
All results contained in this news release have been validated by a Quality Control Program ("QC"), which has
been designed in concert with an independent consultant to meet or exceed the requirements of NI 43-101. This
QC program includes the use of certified standard reference samples, coarse field blank material and duplicate
sampling as described at length in earlier news releases and in the technical reports for the Kupol project
dated 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.
On Behalf Of Bema Gold Corporation
Clive Johnson, Chairman, CEO, President
Some of the statements contained in this release are "forward-looking statements" within the meaning of
Canadian Securities law requirements and 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 by such forward-looking statements. Forward-looking statements in this
release include statements regarding: the Company's projections regarding mineral resource and reserve
estimates in future periods. Factors that could cause actual results to differ materially from anticipated
results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and
production costs; mining and development risks; the risk of commodity price fluctuations; political and
regulatory risks; risks of obtaining required operating permits and other risks and uncertainties detailed in
the Company's Form 40-F Annual Report for the year ended December 31, 2005, which has been filed with the
Securities and Exchange Commission, and the Company's Annual Information Form for the year ended December 31,
2005, which is available under the Company's name at www.sedar.com. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Bema Gold Corporation
Ian MacLean
Vice President, Investor Relations
(604) 681-8371
investor@bemagold.com
www.bema.com
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