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News Saturday, 10 Jan, 2009
Belvedere discovers new mineralized zone at Hitura nickel mine

Canadian listed junior Belvedere Resources announced further assay results from ongoing diamond drilling at the company's 100% owned Hitura Nickel Mine in Central Finland.

The Hitura intrusive complex is 1.3 kilometer long and consists of three tectonically separated intrusive bodies, Hitura North, Mid and South. All mining activities to date have been concentrated on the North Hitura intrusion. This phase of drilling has been focused on the Mid Hitura intrusion as part of an extensive exploration program to develop new areas for mining in Mid and South Hitura.

Drilling Highlights
1. R 1964 61.49m @ 0.59% Ni, 0.17% Cu
2. R 1969 19.32m @ 0.69% Ni, 0.19% Cu

Mr David Pym CEO of Belvedere Resources said that "This new discovery in Mid Hitura underlines our belief in the development potential at Hitura. The new zone may indicate the continuity of mineralization from North Hitura into Mid-Hitura of the very thick eastern ore zone which constitutes a large portion of the current reserve base of the mine. "


 
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