resource upgrade 2.8mil oz

BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE

RESOURCE UPGRADE
2.8 MILLION OUNCES
Bellamel Mining Limited is very pleased to announce that it has
increased the JORC resource at the Kalgoorlie West Gold
Project by a further 70% to almost 2.8 million ounces of gold as
a result of drilling and re-modelling of the Ben Hur Deposit.
The Ben Hur Deposit covers approximately 2.5 kilometres of strike
at the southern end of the Kalgoorlie West Project and includes 3
deposits previously reported as Ben Hur 1, 2, and 3. The new
resource estimate for the Ben Hur Deposit is 32 million tonnes at
1.19g/t Au for over 1.2 million ounces of contained gold and is
classified as follows:
Class Tonnes Grade (g/t) Ounces Au
Measured 4,261,800 1.21 165,180
Indicated 3,291,600 1.24 131,240
Inferred 24,555,600 1.17 923,800
Total 32,109,000 1.19 1,220,850
Within this resource a higher grade resource of 384,000 tonnes at
4.96g/t gold (over 60,000 ounces of contained gold) has been
delineated below cover in the Ben Hur 3 area. While this resource
is currently classed as inferred it remains open along strike and at
depth and has the potential to be exploited by underground
development.
The new Ben Hur resource brings the total resource for the
Kalgoorlie West Project to:
74 million tonnes at 1.17g/t gold for
2.8 million ounces of contained gold.
The resource is classified as follows and includes over 1.1 million
ounces in the Measured and Indicated categories:
Class Tonnes Grade (g/t) Ounces Au
Measured 13,299,000 1.15 491,500
Indicated 15,167,000 1.35 658,380
Inferred 45,383,000 1.12 1,628,050
Total 73,849,000 1.17 2,777,930
A table detailing the resource contained in each of the 9 deposits at
the Kalgoorlie West Gold Project is attached to this announcement.
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
The Ben Hur orebody is hosted in a conglomerate unit which
has been weakly deformed against a porphyry body during
regional folding. Mineralisation appears to have occurred in
two phases – an initial lower grade phase which mineralised
the entire unit and a second, higher-grade phase associated with
quartz veining. The basement porphyry is also mineralised in
places which may be a result of this second event or indicate
that it is a metal source.
The deeper mineralisation at Ben Hur 3 was discovered by
Placer Dome after hole BHD039 returned 15m at 3.29g/t Au.
Bellamel successfully targeted the extension to this
mineralisation in KWDD002 with an intersection of 16m at
5.05g/t. Subsequently holes KWDD011 – 018 were drilled
resulting in the definition of a higher-grade sub resource of
384,000 tonnes at 4.96g/t gold. The Company is currently
designing follow-up programmes to extend and better delineate
this high-grade zone with the aim of defining an underground
resource.
About Bellamel Mining
Since listing in November 2007, Bellamel Mining has
aggressively explored the Kalgoorlie West Gold Project,
completing over 60,000m of drilling in that time.
In addition the Company has outlined over 2.8 million ounces
of resources at its Kalgoorlie West Gold Project as detailed in
the attached table. The strategy of increasing potentially open
pittable resources is ongoing and further resource upgrades are
expected.
On 29 May 2008, Norton Gold Fields Limited announced its
intention to make an off market takeover offer for all of the
ordinary shares in Bellamel Mining Limited (the Offer). Under
the Offer Bellamel shareholders will receive 4 Norton Shares
for every 5 Bellamel Shares held.
After careful consideration (including separate assessment by
the directors), the directors of Bellamel have unanimously
resolved to recommend that Shareholders ACCEPT the Offer.
Matthew Wood
Chairman
BELLAMEL MINING LIMITED
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
The information in this report that relates to Mineral Resources is based on information compiled by Mr Matthew Wood
and/or Mr Peter Ball who are Members of the Australian Institute of Mining and Metallurgy. Mr Wood is the Chairman
of Bellamel Mining Limited. Mr Ball is the Manager of DataGeo. Mr Wood and Mr Ball have sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Mr Wood consents to the inclusion in the report of the
matters based on his information in the form and context in which it appears. Mr Ball consents to the inclusion in the
report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Mineralisation and Exploration Results is based on information compiled
by Mr Bill Oliver who is a Member of the Australian Institute of Mining and Metallurgy and the Australian Institute of
Geoscientists. Mr Oliver is the Exploration Manager of Bellamel Mining Limited. Mr Oliver has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Mr Oliver consents to the inclusion in the report of the
matters based on his information in the form and context in which it appears
.
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
BEN HUR 3
BEN HUR 2
BEN HUR 1
CENTURION
NEFERTITI
BEN HUR DEPOSIT
SHOWING BELLAMEL DRILLING
AND ALL INTERSECTIONS > 1 g/t
500m
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
KWDD018
KWDD014
KWDD015
KWDD013
KWDD017
KWDD016
KWDD002
KWDD011
KWDD012
BEN HUR 3
DRILLHOLE PLAN
4m at 17.4g/t Au
16m at 5.05g/t Au
66m at 1.68g/t Au
6m at 5.76g/t Au
3m at 8.32g/t Au
8m at 3.23g/t Au
2m at 8.48g/t Au
70m at 1.18g/t Au
50m
Tonnes
Grade
(g/t Au)
Contained
Ounces Au Tonnes
Grade
(g/t Au)
Contained
Ounces Au Tonnes
Grade
(g/t Au)
Contained
Ounces Au Tonnes
Grade
(g/t Au)
Contained
Ounces Au
Apache Historical 562,000 1.7 30,600 64,000 1.5 3,000 627,000 1.7 33,600
Ben Hur 1-3 Bellamel 4,261,800 1.21 165,810 3,291,600 1.24 131,240 24,555,600 1.17 923,800 32,109,000 1.19 1,220,850
Centurion Bellamel 1,854,000 1.20 71,395 3,134,000 1.17 118,375 1,247,000 1.11 44,520 6,235,000 1.17 234,290
Fort William Bellamel 3,466,820 1.91 213,035 1,681,080 1.68 90,925 5,147,900 1.84 303,960
Fort Scott Bellamel 130,090 2.02 8,450 130,090 2.02 8,450
Navajo Chief* Bellamel 7,183,000 1.10 254,280 4,495,325 1.04 150,330 17,395,175 0.97 540,870 29,073,500 1.01 945,480
Pitman South Historical 86,000 2.3 6,400 18,000 1.5 900 104,000 2.2 7,300
Walsh Historical 220,000 1.7 11,900 220,000 1.7 11,900
Walsh North Historical 131,000 2.0 8,400 72,000 1.6 3,700 203,000 1.8 12,100
13,298,800 1.15 491,485 15,166,745 1.35 658,380 45,382,945 1.12 1,628,065 73,849,490 1.17 2,777,930
* The Navajo Chief Deposit includes the 5 smaller deposits historically reported as Navajo North, South, West and Beaver / Beaver East
Historical models utilised polygonal sectional estimation methods and were reported at a 1g/t cut-off
The recent Bellamel modelling has been carried out on broad zones representing supergene and primary mineralisation defined by geology and Au grade.
The mineralised zones have been solid modelled and the drill holes composited to 1m down hole against these solids.
Block models were created from these zones with parent cell dimensions varying between 10 to 20mN (along strike) x 5 to 20mE (across strike) x 2 to 5mRL (down dip)
Au grade was estimated into block models using Multiple Indicator or Ordinary Kriging depending on data density and grade continuity conditions.
Tonnes were assigned using default specific gravities dependent on weathering conditions, this varied between 1.85t/m3 (completely oxidised) to 2.7t/m3 (completely fresh)
The mineral resource is classified according to geological continuity, grade continuity, a measure of drill spacing based on kriging error and comparison to mining history.
The resource is reported at a 0.6g/t cutoff below the recorded extents of old open cut workings.
MINERAL RESOURCES AT THE KALGOORLIE WEST GOLD PROJECT
Deposit Source
Measured Indicated Inferred Total
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
Appendix 1. Ben Hur diamond drilling table with significant intersections
All intersections > 1m with grade > 1g/t and include internal waste if present
Hole Id
Project Grid Total
Depth
Dip/
Azimuth
Intercept
Easting Northing From To Interval Grade
Au g/t
KWDD002 7590 2500 306.5 -60 / 050 221 222 1 2.76
227.9 229 1.1 2.62
232 248 16 5.05
including 232 233 1 10.6
including 236 238 2 20.6
including 243 244 1 11.7
249.9 250.9 1 6.75
256 257 1 2.13
268 269 1 1.76
302 303 1 1.31
KWDD003 7840 3320 360.4 -55 / 050 117 122 5 1.04
145 146 1 1.42
176 177 1 2.04
208 218 10 1.56
221 222 1 1.39
227 242 15 4.23
including 228 229 1 28.6
including 235 236 1 9.48
248 254 6 1.80
316 317 1 2.41
336 339 3 1.97
KWDD011 7580 2540 336.5 -60 / 050 241 311 70 1.18
including 250 255 5 2.38
including 261 270 9 3.30
including 295.8 297 1.2 5.86
KWDD012 7590 2460 333.5 -60 / 050 136 139 3 1.00
154 255 101 1.46
including 154 166 12 3.16
including 163 166 3 8.32
including 179 180 1 20.3
including 208 211 3 4.21
including 215 216 1 13.4
including 231 239 8 3.23
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
KWDD013 7520 2500 420.5 -60 / 050 206 207 1 1.67
215 216 1 3.65
228 234 6 1.69
287 288 1 3.04
308 309 1 2.91
316 317 1 1.01
319 320 1 1.48
347 348 1 2.16
357.1 358 0.9 2.40
385 389 4 1.03
395 400 5 1.63
404 410.9 6.9 1.27
KWDD014 7600 2580 360.4 -60 / 050 227 228 1 1.00
231 232 1 1.90
237 238 1 1.29
243 251 8 1.02
258 259 1 2.58
263 264 1 2.98
269 272 3 1.21
274 275 1 1.78
278 280 2 1.28
319 321 2 3.94
327 328 1 1.64
333 334.1 1.1 1.00
336 337 1 1.33
KWDD015 7520 2540 447.5 -60 / 050 99 100 1 2.26
119 120 1 1.91
218 219 1 4.49
281 282 1 1.37
284 285 1 1.49
289 290 1 1.43
302 306 4 1.49
332 333 1 6.25
344 345 1 2.65
367 369 2 3.10
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
KWDD015 (continued) 373 378 5 2.11
383 400 17 1.90
including 388 389 1 11.0
411 412 1 2.30
417 419 2 1.13
427 428 1 1.65
KWDD016 7550 2420 444.4 -60 / 050 143 144 1 1.66
166 167 1 3.73
181 182 1 2.69
186 187 1 1.14
269 274 5 2.06
276 277 1 1.15
280 281 1 1.37
310.5 312.5 2 8.48
322 326 4 17.4
including 323 324 1 49.4
353 354 1 1.21
359 360 1 1.34
365 366 1 2.18
374 392 18 1.23
401 402 1 1.20
412 416 4 1.22
424 426 2 1.62
KWDD017 7530 2460 465.6 -60 / 050 68 70 2 1.20
87 88 1 1.22
285 288 3 2.06
291 294 3 1.42
303 313 10 2.88
including 310 311 1 19.95
327 331 4 1.33
336 338 2 5.50
344 345 1 2.31
348 349 1 1.11
375 376 1 1.19
378 379 1 1.07
BELLAMEL MINING LIMITED – BEN HUR DRILL RESULTS AND RESOURCE UPGRADE
KWDD017 (continued) 384 405 21 3.02
including 389 390 1 7.66
including 394 400 6 5.76
461 462 1 1.21
KWDD018 7540 2580 421.9 -60 / 050 62 63 1 1.66
103 104 1 1.04
262 263 1 1.16
271 272 1 1.45
273 274.1 1.1 1.21
278 279 1 2.7
288 290 2 3.70
296 297 1 2.56
320 386 66 1.68
including 332 340 8 2.48
including 368 380 12 3.00
405 410 5 1.35
414 415 1 1.65
EOH 420 421.9 1.9 3.33