Market Overview

Belo Sun Releases Results for 85 Additional Drill Holes at Its Volta Grande Project

Share:

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - Belo Sun Mining Corp. (TSX:BSX) reports assays for 85 additional drill holes (corresponding to 27,261 meters) at its Volta Grande Project as part of its mineral resources expansion and upgrade drilling program.

The results being released today are being incorporated into the company's database and will be used in the new mineral resource estimate update expected to be completed later this year. This mineral resource estimate update represents a very important milestone for the company as it will be the largest in terms of number of new holes (263) and meters (73,675) in the history of the Volta Grande Project (See press releases dated June 27th, 2012 and Sept 4th, 2012).

Included in this release are the assay results from 59 additional drill holes from the Grota Seca deposit, 24 from the Ouro Verde deposit and 2 from the South block area. The complete results and selected cross sections are presented below. Highlights from the holes contained in this release include:



-- Hole VVGD-542 (Grota Seca Cross Section 862.5W) intersected 39.00 meters
grading 5.25 g/t Au (from 71.00 meters) including 12.00 meters grading
10.09 g/t Au (from 75.00 meters)

-- Significant down dip intercepts at the Ouro Verde deposit such as in
hole VVGD- 444 at section 725 NW with 12.10 meters grading 4.90 g/t Au
(from 401.85 meters) and 16.73 meters grading 2.00 g/t Au (from 483.50
meters).

-- Hole VVGD-566 which is located in the Ouro Verde / Grota Seca "Junction"
(Ouro Verde Cross Section 350J) intersected multiple mineralized zones
suggesting possible continuity of the mineralization between the two
deposits.

-- At the South Block, Grande Deposit the highlight is hole VVGD-465 with
4.65 meters grading 6.13 g/t Au.



Helio Diniz, the Vice President of Exploration for Belo Sun, stated, "We are very pleased to see the results confirming our expectations about the quality of the Volta Grande gold deposits. In addition, the modelling of the deposits are meeting our expectations to deliver the new resource estimate before the end of the year, which will be incorporated into a new mining plan that will be the basis of the pre-feasibility study to be released in Q1 2013."

At present Volta Grande has 2.85 million ounces in the measured and indicated category grading 1.69 g/t and 2.3 million ounces grading 1.81 g/t in the inferred category (see press releases dated April 25th, 2012 and June 11th, 2012). 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 estimate.

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.



----------------------------------------------------------------------------
NR 11/07/2012
----------------------------------------------------------------------------
Grota Seca Deposit
----------------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
VVGD-414 111.00 116.00 5.00 0.52
and 136.00 142.00 6.00 0.59
and 171.00 174.00 3.00 0.70
and 288.60 293.00 4.40 0.78
----------------------------------------------------------------------------
VVGD-420 39.00 44.05 5.05 0.86
and 118.00 123.80 5.80 3.29
and 182.00 187.40 5.40 1.38
and 321.00 326.00 5.00 2.59
----------------------------------------------------------------------------
VVGD-440 0.00 3.70 3.70 1.04
and 51.00 56.20 5.20 2.50
and 67.00 79.70 12.70 0.85
and 202.00 205.40 3.40 1.36
and 245.00 250.00 5.00 0.96
and 322.00 325.00 3.00 5.17
and 330.50 334.27 3.77 2.22
and 414.46 419.80 5.34 0.76
and 509.00 517.00 8.00 3.04
----------------------------------------------------------------------------
VVGD-456 0.00 5.00 5.00 1.03
and 80.65 85.70 5.05 1.13
and 121.00 134.00 13.00 0.98
and 153.00 155.80 2.80 3.89
and 177.04 187.00 9.96 1.27
and 332.00 340.00 8.00 7.35
----------------------------------------------------------------------------
VVGD-457 13.00 17.00 4.00 0.54
and 146.60 153.75 7.15 6.69
----------------------------------------------------------------------------
VVGD-464 44.00 54.75 10.75 1.68
and 221.00 226.00 5.00 1.33
and 337.00 342.80 5.80 0.72
and 354.00 360.00 6.00 1.50
----------------------------------------------------------------------------
VVGD-468 191.55 200.83 9.28 0.74
and 248.31 252.00 3.69 0.51
and 266.00 276.70 10.70 0.57
and 339.00 345.00 6.00 0.70
and 351.20 354.20 3.00 0.99
----------------------------------------------------------------------------
VVGD-469 0.00 3.51 3.51 0.80
and 7.00 11.35 4.35 0.58
and 37.00 55.30 18.30 0.57
and 171.33 175.00 3.67 0.82
and 190.00 195.00 5.00 0.67
and 237.70 258.00 20.30 1.11
and 340.00 357.00 17.00 2.21
----------------------------------------------------------------------------
VVGD-471 0.00 4.00 4.00 0.73
and 229.00 233.75 4.75 0.74
----------------------------------------------------------------------------
VVGD-472 0.00 6.80 6.80 1.28
and 16.95 28.15 11.20 3.36
and 72.25 79.00 6.75 0.64
and 92.64 100.20 7.56 0.93
and 111.00 116.15 5.15 2.71
and 190.25 199.00 8.75 0.73
and 286.00 296.45 10.45 0.81
and 319.55 337.60 18.05 1.30
and 356.00 359.20 3.20 4.64
and 404.15 411.00 6.85 2.00
----------------------------------------------------------------------------
VVGD-476 0.00 5.05 5.05 1.17
and 11.70 15.20 3.50 0.59
----------------------------------------------------------------------------
VVGD-477 NSR
----------------------------------------------------------------------------
VVGD-478 15.30 19.00 3.70 1.38
and 85.00 89.00 4.00 1.51
and 121.00 126.50 5.50 0.63
and 141.20 145.00 3.80 0.74
and 208.75 214.00 5.25 0.54
and 329.00 337.00 8.00 0.85
----------------------------------------------------------------------------
VVGD-479 38.00 47.45 9.45 0.55
and 51.12 71.00 19.88 0.76
and 75.00 84.00 9.00 1.27
----------------------------------------------------------------------------
VVGD-480 0.00 6.30 6.30 0.71
and 176.94 182.35 5.41 7.21
and 213.00 222.00 9.00 0.93
and 248.72 253.00 4.28 7.87
----------------------------------------------------------------------------
VVGD-481 0.00 3.25 3.25 1.21
and 241.00 248.80 7.80 1.44
and 254.00 260.00 6.00 0.56
and 396.40 408.00 11.60 0.94
and 417.00 432.60 15.60 2.63
----------------------------------------------------------------------------
VVGD-483 74.90 83.00 8.10 0.63
and 213.25 215.45 2.20 3.04
----------------------------------------------------------------------------
VVGD-485 159.09 165.71 6.62 0.71
and 182.65 188.20 5.55 4.73
and 195.55 198.80 3.25 0.55
and 203.80 212.00 8.20 0.63
and 226.90 230.80 3.90 0.84
----------------------------------------------------------------------------
VVGD-489 NSR
----------------------------------------------------------------------------
VVGD-491 0.00 31.10 31.10 0.83
and 71.00 77.10 6.10 5.78
and 113.85 117.40 3.55 2.03
and 174.00 177.70 3.70 0.63
and 267.00 276.10 9.10 1.02
and 291.50 303.60 12.10 5.75
and 309.00 319.00 10.00 1.75
----------------------------------------------------------------------------
VVGD-494 168.00 173.00 5.00 0.97
and 239.35 250.00 10.65 0.74
and 259.90 267.75 7.85 0.92
----------------------------------------------------------------------------
VVGD-495 85.00 91.50 6.50 2.14
and 105.00 114.00 9.00 1.29
and 145.00 153.00 8.00 1.15
and 165.00 169.15 4.15 0.50
and 208.00 213.25 5.25 5.16
and 249.00 261.00 12.00 1.70
and 274.00 278.00 4.00 2.72
and 282.50 304.70 22.20 0.92
and 313.25 317.00 3.75 0.63
and 477.00 482.85 5.85 0.51
and 489.20 492.20 3.00 8.04
----------------------------------------------------------------------------
VVGD-499 232.00 240.80 8.80 1.85
and 262.00 276.00 14.00 1.18
----------------------------------------------------------------------------
VVGD-501 125.35 129.00 3.65 0.50
and 141.65 144.75 3.10 0.58
and 159.00 165.30 6.30 0.91
and 177.70 182.06 4.36 2.02
and 186.00 192.00 6.00 0.74
and 200.00 203.00 3.00 0.73
and 232.00 235.30 3.30 0.67
----------------------------------------------------------------------------
VVGD-502 123.20 126.00 2.80 1.40
and 172.00 183.00 11.00 0.59
and 189.00 193.76 4.76 0.61
and 196.00 200.00 4.00 0.54
and 207.00 210.00 3.00 0.99
and 218.00 223.00 5.00 1.49
and 243.00 251.00 8.00 4.03
and 268.07 273.00 4.93 1.02
and 287.66 295.00 7.34 1.00
and 429.00 436.00 7.00 2.70
and 456.00 460.00 4.00 2.84
----------------------------------------------------------------------------
VVGD-503 0.00 3.00 3.00 0.52
and 66.90 71.00 4.10 0.56
and 95.62 99.00 3.38 0.62
and 228.60 232.90 4.30 6.06
and 246.00 249.00 3.00 3.79
and 353.03 357.50 4.47 0.86
----------------------------------------------------------------------------
VVGD-505 47.00 50.25 3.25 1.55
and 76.80 80.00 3.20 1.31
----------------------------------------------------------------------------
VVGD-507 47.43 65.15 17.72 3.95
and 140.00 144.00 4.00 0.59
----------------------------------------------------------------------------
VVGD-508 52.00 60.00 8.00 1.29
and 121.00 140.00 19.00 0.60
and 221.00 228.00 7.00 0.69
----------------------------------------------------------------------------
VVGD-509 113.40 116.72 3.32 0.80
and 130.00 133.00 3.00 0.81
----------------------------------------------------------------------------
VVGD-510 0.00 3.70 3.70 2.16
and 50.80 56.40 5.60 0.61
and 112.00 116.00 4.00 1.03
and 160.89 166.40 5.51 2.98
and 170.12 173.85 3.73 1.34
and 189.00 192.40 3.40 0.89
and 207.00 211.84 4.84 6.87
and 218.00 227.80 9.80 4.07
----------------------------------------------------------------------------
VVGD-511 0.00 8.00 8.00 0.70
and 126.10 130.00 3.90 0.89
and 144.05 153.00 8.95 0.93
and 158.40 162.00 3.60 0.59
and 165.30 169.20 3.90 0.71
and 190.50 194.90 4.40 0.54
----------------------------------------------------------------------------
VVGD-512 67.00 69.00 2.00 1.85
and 143.20 146.95 3.75 1.97
and 191.00 199.20 8.20 0.99
----------------------------------------------------------------------------
VVGD-513 0.00 6.00 6.00 0.64
and 18.00 32.00 14.00 0.52
and 183.00 187.00 4.00 4.09
and 218.00 224.00 6.00 1.55
----------------------------------------------------------------------------
VVGD-514 0.00 5.00 5.00 12.61
and 70.50 72.80 2.30 34.50
and 117.20 120.30 3.10 0.81
and 126.55 133.00 6.45 0.51
and 168.85 173.50 4.65 1.68
and 182.00 197.88 15.88 0.81
and 212.75 220.50 7.75 2.53
and 243.50 248.05 4.55 1.47
and 325.00 329.50 4.50 0.68
and 342.96 377.73 34.77 1.63
Including 362.15 373.50 11.35 2.33
and 461.74 465.00 3.26 0.80
and 490.60 501.24 10.64 0.91
and 510.20 513.59 3.39 0.76
----------------------------------------------------------------------------
VVGD-517 126.80 139.39 12.59 2.44
and 145.85 149.20 3.35 1.89
----------------------------------------------------------------------------
VVGD-518 0.00 3.80 3.80 0.98
and 16.00 22.70 6.70 1.31
and 63.55 77.00 13.45 1.33
and 99.00 104.00 5.00 0.57
and 111.00 116.00 5.00 1.36
and 130.00 139.00 9.00 1.00
----------------------------------------------------------------------------
VVGD-520 0.00 4.80 4.80 0.62
and 111.00 114.30 3.30 1.56
and 159.00 163.00 4.00 0.54
----------------------------------------------------------------------------
VVGD-523 0.00 4.00 4.00 0.91
and 14.30 18.50 4.20 1.11
and 42.00 46.00 4.00 2.43
and 77.35 83.80 6.45 0.61
and 91.75 100.75 9.00 0.82
and 104.50 108.65 4.15 1.33
----------------------------------------------------------------------------
VVGD-526 0.00 6.00 6.00 0.64
and 11.00 15.00 4.00 0.79
and 57.00 61.00 4.00 0.72
and 65.80 68.00 2.20 8.29
----------------------------------------------------------------------------
VVGD-530 142.00 150.00 8.00 0.67
and 156.00 171.00 15.00 0.92
and 199.00 204.00 5.00 0.95
and 221.00 224.60 3.60 3.49
and 303.00 306.00 3.00 2.25
and 373.00 376.40 3.40 1.29
and 385.00 392.30 7.30 1.55
and 402.40 407.00 4.60 0.82
and 414.00 418.00 4.00 2.65
and 423.00 431.00 8.00 0.52
and 440.00 446.00 6.00 0.62
and 462.00 473.00 11.00 1.09
and 538.00 544.00 6.00 7.74
and 572.50 582.60 10.10 0.67
and 620.00 624.00 4.00 0.80
----------------------------------------------------------------------------
VVGD-531 0.00 4.00 4.00 1.69
and 46.80 53.45 6.65 0.75
and 65.00 69.45 4.45 0.91
----------------------------------------------------------------------------
VVGD-533 3.51 28.00 24.49 2.83
Including 11.00 28.00 17.00 3.91
----------------------------------------------------------------------------
VVGD-534 0.00 6.10 6.10 1.83
and 54.00 60.00 6.00 0.72
and 68.00 71.40 3.40 1.41
----------------------------------------------------------------------------
VVGD-535 0.00 3.00 3.00 0.54
and 80.72 96.00 15.28 3.10
----------------------------------------------------------------------------
VVGD-538 17.35 24.87 7.52 0.85
and 95.00 104.20 9.20 0.82
and 147.80 161.00 13.20 1.02
and 177.00 182.20 5.20 2.43
and 204.00 207.00 3.00 0.81
and 258.00 262.00 4.00 1.87
and 267.85 271.00 3.15 0.86
and 277.00 280.00 3.00 0.52
and 299.00 303.20 4.20 0.53
and 359.41 363.80 4.39 1.12
----------------------------------------------------------------------------
VVGD-539 49.00 57.00 8.00 0.59
and 67.00 78.00 11.00 0.75
and 81.70 101.37 19.67 1.19
Including 83.00 91.00 8.00 2.04
and 105.00 110.07 5.07 0.57
and 119.00 122.00 3.00 0.62
and 152.00 154.20 2.20 16.32
----------------------------------------------------------------------------
VVGD-542 7.00 17.00 10.00 0.55
and 31.00 35.00 4.00 1.22
and 39.30 63.00 23.70 0.85
and 71.00 110.00 39.00 5.24
Including 75.00 87.00 12.00 10.09
----------------------------------------------------------------------------
VVGD-543 8.00 14.40 6.40 1.23
and 118.60 125.05 6.45 3.21
and 137.69 144.45 6.76 0.67
----------------------------------------------------------------------------
VVGD-545 0.00 5.00 5.00 0.67
and 51.00 67.00 16.00 3.11
and 106.62 111.00 4.38 0.60
and 175.00 194.00 19.00 2.02
and 198.87 206.00 7.13 0.76
----------------------------------------------------------------------------
VVGD-550 NSR
----------------------------------------------------------------------------
VVGD-551 0.00 8.40 8.40 0.57
----------------------------------------------------------------------------
VVGD-553 0.00 4.57 4.57 1.21
and 102.00 107.20 5.20 0.55
and 132.00 136.30 4.30 0.78
and 149.00 154.00 5.00 0.57
and 166.60 175.00 8.40 1.46
----------------------------------------------------------------------------
VVGD-556 24.10 27.40 3.30 0.93
and 36.00 39.00 3.00 0.87
and 103.75 107.70 3.95 0.71
----------------------------------------------------------------------------
VVGD-561 0.00 3.50 3.50 1.07
and 14.60 29.00 14.40 0.54
and 127.40 131.00 3.60 0.58
and 174.40 184.70 10.30 3.25
and 198.60 203.20 4.60 4.05
and 229.60 231.75 2.15 8.74
and 259.00 281.00 22.00 0.89
and 350.00 358.00 8.00 0.58
and 367.00 370.60 3.60 1.57
and 412.40 418.50 6.10 0.86
and 463.00 469.00 6.00 1.97
and 480.00 485.00 5.00 0.72
and 534.40 538.00 3.60 1.01
and 559.00 566.60 7.60 0.85
and 587.00 590.00 3.00 0.58
and 615.00 618.20 3.20 1.86
----------------------------------------------------------------------------
VVGD-563 0.00 5.00 5.00 0.66
and 175.00 179.70 4.70 1.82
and 247.00 250.00 3.00 0.56
----------------------------------------------------------------------------
VVGD-569 26.00 28.00 2.00 1.86
----------------------------------------------------------------------------
VVGD-570 100.20 104.62 4.42 1.47
----------------------------------------------------------------------------
VVGD-577 56.21 58.70 2.49 5.97
----------------------------------------------------------------------------


----------------------------------------------------------------------------
NR 11/07/2012
----------------------------------------------------------------------------
Ouro Verde Deposit
----------------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
VVGD-404 98.00 101.00 3.00 1.80
and 195.17 201.00 5.83 0.55
and 236.00 242.00 6.00 1.84
and 264.00 268.00 4.00 0.55
and 273.70 283.00 9.30 1.03
and 288.00 300.00 12.00 1.70
and 328.00 333.00 5.00 0.63
and 371.00 374.00 3.00 18.97
and 381.00 390.00 9.00 1.52
and 485.00 489.00 4.00 3.00
----------------------------------------------------------------------------
VVGD-407 148.00 153.00 5.00 0.73
and 174.00 181.89 7.89 0.66
and 185.00 193.00 8.00 1.22
and 234.60 240.00 5.40 1.31
and 254.25 263.00 8.75 0.94
and 271.00 280.40 9.40 0.74
and 293.60 299.00 5.40 0.71
and 373.00 381.00 8.00 2.54
and 418.00 421.00 3.00 1.11
----------------------------------------------------------------------------
VVGD-436 NSR
----------------------------------------------------------------------------
VVGD-438 0.00 6.60 6.60 2.36
and 112.60 116.08 3.48 0.92
and 125.97 137.07 11.10 1.63
and 148.90 153.90 5.00 0.70
and 166.50 178.00 11.50 2.43
----------------------------------------------------------------------------
VVGD-444 80.00 85.00 5.00 9.20
and 124.00 131.45 7.45 1.74
and 135.40 141.12 5.72 7.54
and 235.48 247.38 11.90 0.92
and 255.46 266.00 10.54 0.98
and 297.25 306.20 8.95 0.94
and 338.00 342.45 4.45 1.12
and 353.95 361.25 7.30 0.63
and 374.25 381.40 7.15 0.97
and 401.85 413.95 12.10 4.90
and 425.34 459.25 33.91 1.13
including 435.85 442.22 6.37 2.94
and 463.00 468.50 5.50 2.01
and 483.50 500.23 16.73 2.00
----------------------------------------------------------------------------
VVGD-470 23.85 29.00 5.15 1.44
and 33.50 38.20 4.70 1.08
----------------------------------------------------------------------------
VVGD-474 175.00 183.00 8.00 0.50
and 188.90 207.15 18.25 1.49
and 287.00 330.00 43.00 1.45
and 360.00 379.30 19.30 1.30
and 453.30 462.00 8.70 5.36
and 492.00 495.20 3.20 0.61
----------------------------------------------------------------------------
VVGD-482 113.00 119.51 6.51 0.82
and 141.00 151.00 10.00 1.12
and 155.00 158.15 3.15 1.69
and 174.00 177.70 3.70 0.50
and 234.84 237.10 2.26 3.35
----------------------------------------------------------------------------
VVGD-488 230.00 237.00 7.00 0.66
and 263.10 275.66 12.56 3.90
and 285.00 293.00 8.00 0.56
and 301.50 310.00 8.50 1.51
and 314.00 317.00 3.00 0.96
and 333.00 336.60 3.60 2.31
and 342.40 357.00 14.60 1.67
and 399.00 407.00 8.00 0.75
and 448.00 451.70 3.70 0.64
and 457.50 459.60 2.10 19.35
and 463.80 467.00 3.20 1.92
and 472.00 480.00 8.00 2.30
and 493.00 502.00 9.00 1.44
and 514.00 517.96 3.96 5.45
----------------------------------------------------------------------------
VVGD-498 89.00 98.00 9.00 1.94
and 177.00 186.00 9.00 1.65
and 200.00 209.50 9.50 0.66
and 222.40 225.00 2.60 8.09
and 238.00 242.00 4.00 0.52
and 259.00 282.20 23.20 1.27
and 290.70 294.80 4.10 0.81
and 303.00 313.00 10.00 0.65
and 320.92 325.00 4.08 0.53
and 349.00 356.00 7.00 0.73
and 363.00 372.00 9.00 2.20
and 388.00 394.40 6.40 1.35
and 434.00 445.37 11.37 3.02
----------------------------------------------------------------------------
VVGD-504 358.60 364.05 5.45 3.21
and 405.00 426.75 21.75 2.93
including 417.60 426.75 9.15 5.89
and 447.32 459.75 12.43 1.13
and 480.00 491.00 11.00 0.89
and 496.00 500.00 4.00 0.60
and 574.55 583.70 9.15 1.23
----------------------------------------------------------------------------
VVGD-506 80.25 83.05 2.80 1.71
and 149.00 151.00 2.00 2.01
and 208.00 217.00 9.00 2.06
and 223.20 229.13 5.93 0.78
and 250.10 265.49 15.39 1.86
including 250.10 256.85 6.75 2.78
and 272.00 281.35 9.35 1.00
----------------------------------------------------------------------------
VVGD-515 15.00 18.00 3.00 1.56
and 104.00 107.00 3.00 0.98
and 135.00 139.00 4.00 0.75
and 147.00 152.00 5.00 0.98
and 159.00 174.00 15.00 0.53
and 179.80 198.70 18.90 0.86
----------------------------------------------------------------------------
VVGD-516 369.00 374.00 5.00 1.11
and 379.00 383.00 4.00 0.78
and 397.00 401.00 4.00 0.68
and 414.00 424.00 10.00 1.19
and 460.00 471.00 11.00 1.12
and 486.00 491.00 5.00 0.60
----------------------------------------------------------------------------
VVGD-519 138.00 141.00 3.00 0.96
and 233.00 239.50 6.50 2.48
and 261.70 273.40 11.70 2.52
and 283.00 288.56 5.56 0.87
and 303.60 307.00 3.40 1.10
and 315.00 321.00 6.00 2.30
and 325.00 328.45 3.45 1.51
and 333.20 337.40 4.20 1.56
----------------------------------------------------------------------------
VVGD-527 167.00 180.00 13.00 1.16
and 186.20 198.00 11.80 0.73
and 230.00 238.00 8.00 2.09
and 259.00 270.00 11.00 1.30
and 275.00 279.00 4.00 1.53
and 288.00 291.20 3.20 0.60
and 295.00 299.00 4.00 0.55
----------------------------------------------------------------------------
VVGD-532 249.00 255.00 6.00 0.74
and 287.30 298.50 11.20 2.44
and 302.00 317.00 15.00 1.40
and 321.80 325.00 3.20 0.68
and 352.00 356.30 4.30 1.01
and 379.00 384.00 5.00 0.57
and 388.00 394.00 6.00 1.17
and 403.00 410.00 7.00 1.57
and 432.00 444.00 12.00 0.98
----------------------------------------------------------------------------
VVGD-540 0.00 5.50 5.50 0.96
and 123.92 133.20 9.28 2.05
----------------------------------------------------------------------------
VVGD-549 123.00 139.00 16.00 0.62
and 187.00 190.00 3.00 1.07
----------------------------------------------------------------------------
VVGD-554 280.00 284.20 4.20 0.86
and 346.00 364.50 18.50 1.01
and 375.75 385.00 9.25 3.81
and 405.35 409.00 3.65 0.59
and 412.50 420.00 7.50 1.60
----------------------------------------------------------------------------
VVGD-558 NSR
----------------------------------------------------------------------------
VVGD-559 7.00 14.90 7.90 0.64
and 36.00 44.00 8.00 0.88
and 151.00 154.00 3.00 0.56
and 156.00 159.00 3.00 0.57
and 188.00 220.00 32.00 1.20
and 231.10 238.00 6.90 1.59
and 247.00 253.00 6.00 0.81
and 313.00 316.00 3.00 0.55
and 323.60 328.00 4.40 0.85
----------------------------------------------------------------------------
VVGD-565 207.00 209.32 2.32 1.83
----------------------------------------------------------------------------
VVGD-566 22.00 30.00 8.00 1.15
and 35.45 48.75 13.30 0.61
and 53.00 55.25 2.25 4.75
and 103.55 109.17 5.62 1.40
and 265.70 270.00 4.30 1.42
----------------------------------------------------------------------------


----------------------------------------------------------------------------
South Block Target
----------------------------------------------------------------------------
Hole # From (m) To (m) Width (m) Au g/t
----------------------------------------------------------------------------
VVGD-422 82.00 92.00 10.00 1.04
and 150.90 157.00 6.10 3.47
----------------------------------------------------------------------------
VVGD-465 117.70 123.30 5.60 1.76
and 218.00 222.65 4.65 6.13
----------------------------------------------------------------------------



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 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 1,000 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 assure the company 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.

Cautionary Statement on Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of drill results on the Company and its understanding of the project; statements with respect to the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward- looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the maps associated with this release, please visit the following link: http://media3.marketwire.com/docs/BeloSunfigures.pdf.

FOR FURTHER INFORMATION PLEASE CONTACT:
Belo Sun Mining Corp.
Mark Eaton
President and CEO
(416) 309-2137
www.belosun.com

View Comments and Join the Discussion!