NASDAQ_400
09-08-2003, 12:23 PM
Bema Gold Corporation: High Grade Drill Results from the Kupol Property, Russia
via COMTEX
September 8, 2003
VANCOUVER, BRITISH COLUMBIA, Sep 8, 2003 (CCNMatthews via COMTEX) --
Bema Gold Corporation ('Bema') announces additional high-grade drill results from the Kupol Property in Chukotka, Far East Russia. A total of 130 holes totaling 17,052 metres, have been drilled on the property to date confirming that the Kupol Property hosts a multi-million ounce gold and silver deposit. The Kupol mineralized epithermal vein system has now been traced for 3.5 kilometres of strike length and gold mineralization has been intercepted over 2650 metres of drilled strike length to a depth of at least 250 metres. The system remains open along strike to the north and south, and to depth. Please refer to www.bema.com for a drill hole location map and a long section of the Kupol property.
Assay results have been received for the first 116 holes (56 of which were previously released). The results from holes 57 to 116 continue to confirm grade continuity and extend mineralization in the four contiguous zones; the Big Bend Zone, the Central Zone, the North Zone and the South Zone. In addition, the new results have extended the strike length of the highest grade Big Bend Zone by a further 150 metres to the South and to a depth of at least 250 metres. In the Central Zone, hole 102 intersected a new vein some 60 metres to the east of the main Kupol structure and in the North Zone hole, 86 returned the best drill intercept on the property to date.
Detailed assay results from the new holes are summarized by zone below. Drill hole locations, a summary of Bema's lab procedures and QAQC (Quality Assurance Quality Control) are on the last page.
Big Bend Zone
Thirteen additional holes were drilled in the Big Bend Zone which is located at a flexure in the main structure and hosts some of the most significant intersections to date. Recent drilling focused on stepping out along strike to the south and at depth. The zone remains as a single wide high grade ore shoot which now extends over at least 650 metres of strike length and to a depth of at least 250 meters. Some highlights of the new Big Bend drill results are: hole 113 which intersected 9.8 metres averaging 77.1 grams per tonne (g/t) gold and 949.9 g/t silver; hole 111 which intersected 17.9 metres averaging 37.4 g/t gold and 371.6 g/t silver; and hole 108 which intersected 10 metres averaging 32.7 g/t gold and 596.5 g/t silver at a depth of 250 metres. Further drilling this year on the Big Bend Zone will consist of additional 100 metre drill step-outs and some infill holes and further drilling to depth. Assay results from all the new holes drilled on the Big Bend Zone to date are listed below.
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BIG BEND HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03-52-A 153.75 177.00 23.25 29.60 404.97
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Includes 154.30 167.60 13.30 45.02 677.12
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KP03 - 59 20.20 26.90 6.70 9.95 199.39
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KP03 - 61 26.30 27.30 1.00 11.98 91.98
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And 39.20 44.30 5.10 5.50 42.54
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KP03 - 62 47.55 55.05 7.50 21.49 178.98
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Includes 47.55 49.55 2.00 66.70 618.90
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KP03 - 66 94.40 102.60 8.20 46.46 486.73
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Includes- 96.30 100.90 4.60 72.27 775.25
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KP03 - 68 11.10 20.12 9.02 8.74 83.55
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And 29.80 41.40 11.60 40.10 312.68
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KP03 - 97 281.75 293.60 11.85 8.96 96.60
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KP03 - 101 99.00 101.00 2.00 19.69 51.98
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KP03 - 103 228.00 229.90 1.90 4.73 16.00
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KP03 - 108 232.70 242.70 10.00 32.67 596.28
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KP03 - 111 116.00 133.90 17.90 37.41 371.61
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Includes 126.50 133.90 7.40 52.93 541.51
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KP03 - 113 42.50 52.30 9.80 77.05 949.87
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Includes 44.40 46.20 1.80 291.53 3444.69
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KP03 - 116 133.55 143.37 9.82 37.17 511.40
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Includes 134.55 138.07 3.52 72.98 1011.64
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Central Zone
Twenty seven additional holes were drilled on the Central Zone in 50 to 100 metre step outs. Significant intercepts exist to a depth of 200 meters below surface and the zone remains open to depth. The Central Zone is contiguous with, and directly north, of the Big Bend Zone and has been drill tested along a strike length of 800 metres. Significant new intercepts include hole 71 with 12.9 metres of 45.25 g/t gold and 346.47 g/t silver; hole 99 with 5.4 metres of 48.71 g/t gold and 323.07 g/t silver. A new vein was intercepted in hole 102, 60 metres east of the main vein in the hanging wall, and returned 1.0 metre of 102.94 g/t gold and 636.0 g/t silver. This is significant as it represents the first occurrence of another mineralized vein system that will be followed up with additional drilling. Assay results from all of the new holes drilled in the Central Zone are as follows.
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CENTRAL
ZONE HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03 - 58 NSV
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KP03 - 60 81.40 83.70 2.30 5.40 66.95
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KP03 - 64 61.20 66.30 5.10 5.27 47.89
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And 71.60 72.90 1.30 18.31 475.59
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KP03 - 65 NSV
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KP03 - 67 32.00 40.55 8.55 39.34 313.67
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KP03 - 69 35.65 40.60 4.95 6.70 80.62
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Includes 35.65 37.80 2.15 12.49 151.56
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KP03 - 71 84.90 87.90 3.00 13.95 182.17
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And 114.70 127.60 12.90 45.25 346.47
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KP03 - 72 91.55 102.70 11.15 6.79 54.62
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Includes 93.05 95.20 2.15 24.15 112.59
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KP03 - 73 4.20 33.50 29.30 14.25 113.40
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Includes 7.60 15.30 7.70 37.57 329.59
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KP03 - 74 31.90 38.00 6.10 15.87 196.19
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And 44.50 47.25 2.75 44.15 154.17
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KP03 - 75 136.20 139.20 3.00 13.47 177.60
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And 152.20 156.00 3.80 17.42 579.38
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KP03 - 76 78.30 80.50 2.20 13.36 93.55
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KP03 - 78 47.60 49.00 1.40 10.13 176.85
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KP03 - 79 46.00 56.50 10.50 6.37 143.61
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Includes 54.20 56.50 2.30 20.70 485.09
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KP03 - 81 14.50 18.50 4.00 19.84 179.79
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KP03 - 82 Nsv In
front of
vein
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KP03 - 83 44.10 49.80 5.70 28.58 276.58
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KP03 - 89 38.80 39.62 0.82 2.84 41.88
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KP03 - 91 175.45 181.15 5.70 12.80 173.87
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Includes: 176.00 177.30 1.30 34.68 520.18
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KP03 - 92 140.00 143.10 3.10 23.42 644.13
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KP03 - 93 309.00 313.40 4.40 5.03 93.57
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KP03 - 95 234.85 240.75 5.90 4.45 102.63
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KP03 - 99 225.50 230.90 5.40 48.71 323.07
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Includes 225.95 227.60 1.65 144.28 739.11
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KP03 - 102 245.85 246.85 1.00 102.94 636.00 New
vein
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KP03 - 107 265.30 268.00 2.70 2.09 12.70
---------------------------------------------------------------------
Note: Hole 85 and 114 abandoned.
Note: No Significant Values (NSV)
North Zone
The North Zone extends at least 350 metres north of, and is contiguous to, the Central Zone. The previously discovered high grade shoot in the North Zone has been better defined by several hole including holes 86 which returned 33.5 metres of 32.76 g/t gold and 406.24 g/t silver and hole 77 with 11.40 metres of 20.01 g/t gold and 303.53 g/t silver. The North Zone remains open at depth and appears to be offset to the north by an east -west fault that may have down-dropped the vein structure. Four holes drilled north of the fault, in what is called the North Extension Zone, intercepted very intensely clay-altered volcanics with low temperature stringer veins. Future exploration will test the Northern Extention Zone under the clay alteration.
Assay results from all of recent holes drilled in the North Zone are as follows:
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NORTH
ZONE HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03 - 70 64.50 65.20 0.70 7.66 94.06
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And 74.30 74.90 0.60 7.50 143.02
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KP03 - 77 80.80 92.20 11.40 20.01 303.53
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Includes 89.40 91.60 2.20 71.82 1075.34
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KP03 - 84 20.40 30.55 10.15 14.24 37.95
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Includes 26.75 30.55 3.80 23.24 34.10
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Plus 47.25 49.60 2.35 13.23 90.66
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KP03 - 86 8.20 41.70 33.50 32.76 406.24
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Includes 26.10 36.60 10.50 94.23 1204.67
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KP03 - 88 33.40 34.40 1.00 8.84 182.82
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KP03 - 90 83.50 107.30 23.80 10.81 173.59
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Includes: 92.20 95.20 3.00 28.53 306.51
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KP03 - 90A Assays
Pending
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KP03 - 115 29.50 35.20 5.70 20.78 878.35
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Includes 31.50 32.50 1.00 51.60 1329.98
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Note: Hole 77 and 90 had very poor core recovery and will be re-drilled to obtain a more representative sample.
North Extension Zone - All holes intersected intense clay alteration.
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KP03 - 94 NSV
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KP03 - 98 NSV
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KP03 - 105 NSV
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KP03 - 109 NSV
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Note: No Significant Values (NSV)
South Zone
The South Zone extends for at least 600 metres to the south of the Big Bend Zone. Three additional holes were drilled to further test the ore shoot defined by previously released holes 42A and 31, with grades of 33.26 g/t gold and 356.74 g/t silver over 7.5 metres in hole 42A and 14.64 g/t gold and 129.07 g/t silver over 6.8 metres in hole 31. Hole 63 undercut hole 42A, but was cut-off by a dyke shortly after intersecting the vein.
A series of seven widely spaced holes were drilled south of the South Zone along a mineralized trend called the South Extension Zone. This zone extends another 750 meters south of the South Zone and is defined by alteration, vein float and outcrop. Holes 87 and 96 intersected dykes and did not hit the vein zone. Holes 110 and 112 are believed to be too short and did not intersect the mineralized structure. The South Zone and South Extension Zone will be further drill tested in 2004.
Assay results from all the recent holes drilled in the South Zone and South Extension Zones are as follows.
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South
Zone HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03 - 57 NSV
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KP03 - 63 104.80 111.70 6.90 4.10 36.28
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Includes 104.80 105.40 0.60 15.33 133.35
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And 110.90 111.70 0.80 13.54 77.26
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KP03 - 80 53.00 54.70 1.70 9.48 529.56
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Plus 59.60 62.80 3.20 6.13 22.04
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South Extension
HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03 - 87 37.10 37.40 0.30 9.08 83.20
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KP03 - 96 NSV
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KP03 - 100 98.40 100.40 2.00 2.52 96.84
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KP03 - 104 42.90 44.50 1.60 9.13 96.78
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KP03 - 106 41.90 42.20 0.30 3.16 31.90
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KP03 - 110 Dyke
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KP03 - 112 too short
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Note: No Significant Values (NSV)
A further 9,000 metres of drilling is scheduled to be completed in 2003 on the Kupol Property, weather dependant, utilizing two Canadian and two Russian rigs. More assay results will be released as they become available.
In addition to drilling, Bema's surface sampling program on the Kupol Property has identified new parallel vein structures that will be drill tested. Bema has also commenced metallurgical test work, baseline engineering, hydrological and environmental studies on the Kupol Project.
The Kupol Project is a joint venture between Bema and the government of Chukotka. Bema has the option to purchase a 75% interest in the property from the government.
On behalf of BEMA GOLD CORPORATION
Clive T. Johnson, Chairman, C.E.O., &President
The following table shows the location of the drill holes:
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LOCATION LOCATION LOCATION LENGTH AZI-
HOLE-ID X Y Z (m) SECTION MUTH DIP
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58 KP03
-052A 29,436,431.4 7,411,743.7 624.4 182.58 1750N 270 -63.5
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63 KP03
-057 29,436,099.8 7,410,957.4 548.1 102.50 950N 270 -55
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64 KP03
-058 29,436,340.1 7,412,749.1 646.0 39.40 2750N 270 -55
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65 KP03
-059 29,436,382.4 7,411,855.6 645.0 59.74 1850N 270 -55
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66 KP03
-060 29,436,424.3 7,412,500.0 658.1 134.22 2500N 270 -55
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67 KP03
-061 29,436,398.7 7,411,903.8 649.4 71.93 900N 270 -55
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68 KP03
-062 29,436,420.8 7,411,950.1 655.4 71.93 1950N 270 -55
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69 KP03
-063 29,436,224.3 7,411,056.3 533.3 178.20 1050N 270 -55
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70 KP03
-064 29,436,398.2 7,412,745.3 639.9 114.91 1750N 270 -55
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71 KP03
-065 29,436,359.0 7,412,748.4 644.3 57.60 2750N 270 -55
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72 KP03
-066 29,436,420.8 7,411,950.1 655.5 129.54 1950N 270 -70
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73 KP03
-067 29,436,374.9 7,412,604.3 656.0 81.38 2600N 270 -55
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74 KP03
-068 29,436,388.8 7,411,986.5 655.6 45.72 1950N 270 -55
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75 KP03
-069 29,436,377.7 7,412,712.1 643.1 59.45 2712.5N 270 -55
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76 KP03
-070 29,436,383.6 7,413,004.1 612.1 96.90 3000N 270 -55
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77 KP03
-071 29,436,453.5 7,411,995.1 655.9 150.57 2000N 264 -58
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78 KP03
-072 29,436,423.2 7,412,709.6 640.5 135.33 2712.5N 270 -55
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79 KP03
-073 29,436,372.3 7,412,023.3 656.2 47.55 2025N 270 -55
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80 KP03
-074 29,436,385.4 7,412,028.3 655.9 53.64 2025N 270 -55
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81 KP03
-075 29,436,459.1 7,412,712.1 639.9 181.97 2712.5N 270 -55
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82 KP03
-076 29,436,423.5 7,412,020.3 658.9 113.08 2025N 270 -57
---------------------------------------------------------------------
83 KP03
-077 29,436,402.3 7,413,048.5 605.9 114.90 3050N 270 -55
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84 KP03
-078 29,436,386.7 7,412,048.7 657.9 60.35 2050N 270 -58
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85 KP03
-079 29,436,375.4 7,412,802.4 636.4 102.72 2800N 270 -55
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86 KP03
-080 29,436,060.6 7,410,892.6 552.1 90.00 900N 270 -55
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87 KP03
-081 29,436,373.3 7,412,125.8 659.6 25.60 2125N 270 -55
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88 KP03
-082 29,436,373.1 7,412,223.8 656.3 47.55 2225N 270 -55
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89 KP03
-083 29,436,413.9 7,412,224.2 657.8 95.40 2225N 270 -55
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90 KP03
-084 29,436,352.3 7,412,876.4 630.4 75.30 2875N 270 -54.3
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91 KP03
-085 29,436,430.0 7,412,345.9 664.9 61.26 2350N 270 -55
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92 KP03
-086 29,436,323.8 7,412,951.2 621.1 66.14 2950N 270 -55
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93 KP03
-087 29,436,061.7 7,410,805.7 555.9 139.70 800N 270 -55
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94 KP03
-088 29,436,395.3 7,413,102.9 600.1 65.00 3100N 270 -55
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95 KP03
-089 29,436,388.0 7,412,500.3 659.3 62.79 2500N 270 -55
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96 KP03
-090 29,436,367.3 7,412,951.3 615.6 124.05 2950N 270 -55
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97 KP03
-091 29,436,491.8 7,412,499.4 655.6 215.20 2500N 270 -65
---------------------------------------------------------------------
98 KP03
-092 29,436,458.1 7,412,598.8 647.3 230.73 2600N 270 -67
---------------------------------------------------------------------
99 KP03
-093 29,436,584.0 7,412,498.0 643.3 335.89 2500N 270 -65
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100 KP03
-094 29,436,422.9 7,413,199.3 584.5 95.40 3200N 270 -55
---------------------------------------------------------------------
101 KP03
-095 29,436,512.8 7,412,598.3 642.3 281.03 2600N 270 -62
---------------------------------------------------------------------
102 KP03
-096 29,436,045.4 7,410,705.7 564.9 95.00 700N 270 -55
---------------------------------------------------------------------
103 KP03
-097 29,436,557.7 7,411,906.4 652.5 321.56 1900N 270 -65
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104 KP03
-098 29,436,447.1 7,413,199.2 582.8 59.70 3200N 270 -55
---------------------------------------------------------------------
105 KP03
-099 29,436,467.1 7,412,637.1 642.9 255.12 2636N 270 -69
---------------------------------------------------------------------
106 KP03
-100 29,436,020.0 7,410,557.4 576.9 125.00 1250N 270 -55
---------------------------------------------------------------------
107 KP03
-101 29,436,422.9 7,411,857.6 646.7 120.09 1850N 270 -60
---------------------------------------------------------------------
108 KP03
-102 29,436,538.1 7,412,681.2 636.3 381.00 2675N 270 -65
---------------------------------------------------------------------
109 KP03
-103 29,436,476.2 7,411,800.5 635.3 254.91 1800N 270 -65
---------------------------------------------------------------------
110 KP03
-104 29,435,987.3 7,410,467.5 555.7 112.00 475N 270 -55
---------------------------------------------------------------------
111 KP03
-105 29,436,389.8 7,413,199.7 588.1 109.20 3200N 270 -55
---------------------------------------------------------------------
112 KP03
-106 29,436,012.2 7,410,357.6 542.2 110.00 350N 270 -55
---------------------------------------------------------------------
113 KP03
-107 29,436,538.1 7,412,681.2 636.3 460.55 2675N 270 -72
---------------------------------------------------------------------
114 KP03
-108 29,436,469.9 7,411,742.7 628.1 279.20 1750N 270 -63.5
---------------------------------------------------------------------
115 KP03
-109 29,436,427.9 7,413,289.1 571.7 72.40 3300N 270 -55
---------------------------------------------------------------------
116 KP03
-110 29,436,035.5 7,410,251.2 533.6 112.00 250N 270 -55
---------------------------------------------------------------------
117 KP03
-111 29,436,425.3 7,411,801.8 636.1 166.42 1800N 270 -66
---------------------------------------------------------------------
118 KP03
-112 29,436,051.0 7,410,049.6 519.9 101.20 50N 270 -55
---------------------------------------------------------------------
119 KP03
-113 29,436,360.9 7,411,651.7 604.8 76.50 1650N 270 -53.5
---------------------------------------------------------------------
120 KP03
-114 29,436,473.4 7,412,803.4 628.7 241.10 2800N 270 -65
---------------------------------------------------------------------
121 KP03
-115 29,436,379.2 7,413,050.6 607.6 60.90 3050N 270 -55
---------------------------------------------------------------------
122 KP03
-116 29,436,385.2 7,411,651.5 605.2 160.32 1650N 270 -71
---------------------------------------------------------------------
123 KP03
-117 29,436,049.6 7,410,450.8 533.1 150.00 450N 270 -55
---------------------------------------------------------------------
124 KP03
-118 29,436,468.9 7,411,648.8 611.6 260.91 1650N 270 -58
---------------------------------------------------------------------
125 KP03
-119 29,436,380.8 7,413,427.9 559.3 103.00 3425N 90 -55
---------------------------------------------------------------------
126 KP03
-120 29,436,087.0 7,410,550.0 569.0 220.20 550N 270 -55
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127 KP03
-121 29,436,338.2 7,411,562.0 588.8 80.47 1550N 270 -55
---------------------------------------------------------------------
128 KP03
-122 29,436,387.0 7,412,650.0 648.5 85.80 2650N 270 -55
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129 KP03
-123 29,436,363.0 7,411,550.0 588.5 129.24 1550N 270 -62
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130 KP03
-124 29,436,292.5 7,411,450.0 577.5 84.12 1450N 270 -55
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17052.58
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Bema has installed an on site preparation and fire assay laboratory due to the project's remote location. The lab is managed by an experienced Russian fire assayer and overseen by an independent consultant. Bema has also retained Smee and Associates Consulting Ltd. to ensure the lab is operated to the level of North American standards and that a comprehensive quality control program is run by the lab. The Kupol lab is operated as an independent lab and no Bema personnel are permitted unsupervised access. Drill samples have been prepped on site under the supervision of the independent North American consultant and reviewed on site by Barry Smee who visited the site during lab start-up. Samples are crushed in two passes within a jaw crusher to 80 % passing 2 mm. Approximately 800 grams are split off the coarse crush and pulverized to 95 % passing 150 mesh. A 200 gram pulverized sample is split and packaged for the analytical lab.
All results released in this news release have been validated by our Quality Control Program (QC) which has been designed in concert with Smee and Associates 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. Tom Garagan, Vice President of Exploration, is the Qualified Person for this exploration project.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. Bema Gold Corporation trades on The Toronto and American stock exchanges. Symbol: BGO.
More:
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=T.BGO
via COMTEX
September 8, 2003
VANCOUVER, BRITISH COLUMBIA, Sep 8, 2003 (CCNMatthews via COMTEX) --
Bema Gold Corporation ('Bema') announces additional high-grade drill results from the Kupol Property in Chukotka, Far East Russia. A total of 130 holes totaling 17,052 metres, have been drilled on the property to date confirming that the Kupol Property hosts a multi-million ounce gold and silver deposit. The Kupol mineralized epithermal vein system has now been traced for 3.5 kilometres of strike length and gold mineralization has been intercepted over 2650 metres of drilled strike length to a depth of at least 250 metres. The system remains open along strike to the north and south, and to depth. Please refer to www.bema.com for a drill hole location map and a long section of the Kupol property.
Assay results have been received for the first 116 holes (56 of which were previously released). The results from holes 57 to 116 continue to confirm grade continuity and extend mineralization in the four contiguous zones; the Big Bend Zone, the Central Zone, the North Zone and the South Zone. In addition, the new results have extended the strike length of the highest grade Big Bend Zone by a further 150 metres to the South and to a depth of at least 250 metres. In the Central Zone, hole 102 intersected a new vein some 60 metres to the east of the main Kupol structure and in the North Zone hole, 86 returned the best drill intercept on the property to date.
Detailed assay results from the new holes are summarized by zone below. Drill hole locations, a summary of Bema's lab procedures and QAQC (Quality Assurance Quality Control) are on the last page.
Big Bend Zone
Thirteen additional holes were drilled in the Big Bend Zone which is located at a flexure in the main structure and hosts some of the most significant intersections to date. Recent drilling focused on stepping out along strike to the south and at depth. The zone remains as a single wide high grade ore shoot which now extends over at least 650 metres of strike length and to a depth of at least 250 meters. Some highlights of the new Big Bend drill results are: hole 113 which intersected 9.8 metres averaging 77.1 grams per tonne (g/t) gold and 949.9 g/t silver; hole 111 which intersected 17.9 metres averaging 37.4 g/t gold and 371.6 g/t silver; and hole 108 which intersected 10 metres averaging 32.7 g/t gold and 596.5 g/t silver at a depth of 250 metres. Further drilling this year on the Big Bend Zone will consist of additional 100 metre drill step-outs and some infill holes and further drilling to depth. Assay results from all the new holes drilled on the Big Bend Zone to date are listed below.
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BIG BEND HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
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KP03-52-A 153.75 177.00 23.25 29.60 404.97
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Includes 154.30 167.60 13.30 45.02 677.12
---------------------------------------------------------------------
KP03 - 59 20.20 26.90 6.70 9.95 199.39
---------------------------------------------------------------------
KP03 - 61 26.30 27.30 1.00 11.98 91.98
---------------------------------------------------------------------
And 39.20 44.30 5.10 5.50 42.54
---------------------------------------------------------------------
KP03 - 62 47.55 55.05 7.50 21.49 178.98
---------------------------------------------------------------------
Includes 47.55 49.55 2.00 66.70 618.90
---------------------------------------------------------------------
KP03 - 66 94.40 102.60 8.20 46.46 486.73
---------------------------------------------------------------------
Includes- 96.30 100.90 4.60 72.27 775.25
---------------------------------------------------------------------
KP03 - 68 11.10 20.12 9.02 8.74 83.55
---------------------------------------------------------------------
And 29.80 41.40 11.60 40.10 312.68
---------------------------------------------------------------------
KP03 - 97 281.75 293.60 11.85 8.96 96.60
---------------------------------------------------------------------
KP03 - 101 99.00 101.00 2.00 19.69 51.98
---------------------------------------------------------------------
KP03 - 103 228.00 229.90 1.90 4.73 16.00
---------------------------------------------------------------------
KP03 - 108 232.70 242.70 10.00 32.67 596.28
---------------------------------------------------------------------
KP03 - 111 116.00 133.90 17.90 37.41 371.61
---------------------------------------------------------------------
Includes 126.50 133.90 7.40 52.93 541.51
---------------------------------------------------------------------
KP03 - 113 42.50 52.30 9.80 77.05 949.87
---------------------------------------------------------------------
Includes 44.40 46.20 1.80 291.53 3444.69
---------------------------------------------------------------------
KP03 - 116 133.55 143.37 9.82 37.17 511.40
---------------------------------------------------------------------
Includes 134.55 138.07 3.52 72.98 1011.64
---------------------------------------------------------------------
Central Zone
Twenty seven additional holes were drilled on the Central Zone in 50 to 100 metre step outs. Significant intercepts exist to a depth of 200 meters below surface and the zone remains open to depth. The Central Zone is contiguous with, and directly north, of the Big Bend Zone and has been drill tested along a strike length of 800 metres. Significant new intercepts include hole 71 with 12.9 metres of 45.25 g/t gold and 346.47 g/t silver; hole 99 with 5.4 metres of 48.71 g/t gold and 323.07 g/t silver. A new vein was intercepted in hole 102, 60 metres east of the main vein in the hanging wall, and returned 1.0 metre of 102.94 g/t gold and 636.0 g/t silver. This is significant as it represents the first occurrence of another mineralized vein system that will be followed up with additional drilling. Assay results from all of the new holes drilled in the Central Zone are as follows.
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CENTRAL
ZONE HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
---------------------------------------------------------------------
KP03 - 58 NSV
---------------------------------------------------------------------
KP03 - 60 81.40 83.70 2.30 5.40 66.95
---------------------------------------------------------------------
KP03 - 64 61.20 66.30 5.10 5.27 47.89
---------------------------------------------------------------------
And 71.60 72.90 1.30 18.31 475.59
---------------------------------------------------------------------
KP03 - 65 NSV
---------------------------------------------------------------------
KP03 - 67 32.00 40.55 8.55 39.34 313.67
---------------------------------------------------------------------
KP03 - 69 35.65 40.60 4.95 6.70 80.62
---------------------------------------------------------------------
Includes 35.65 37.80 2.15 12.49 151.56
---------------------------------------------------------------------
KP03 - 71 84.90 87.90 3.00 13.95 182.17
---------------------------------------------------------------------
And 114.70 127.60 12.90 45.25 346.47
---------------------------------------------------------------------
KP03 - 72 91.55 102.70 11.15 6.79 54.62
---------------------------------------------------------------------
Includes 93.05 95.20 2.15 24.15 112.59
---------------------------------------------------------------------
KP03 - 73 4.20 33.50 29.30 14.25 113.40
---------------------------------------------------------------------
Includes 7.60 15.30 7.70 37.57 329.59
---------------------------------------------------------------------
KP03 - 74 31.90 38.00 6.10 15.87 196.19
---------------------------------------------------------------------
And 44.50 47.25 2.75 44.15 154.17
---------------------------------------------------------------------
KP03 - 75 136.20 139.20 3.00 13.47 177.60
---------------------------------------------------------------------
And 152.20 156.00 3.80 17.42 579.38
---------------------------------------------------------------------
KP03 - 76 78.30 80.50 2.20 13.36 93.55
---------------------------------------------------------------------
KP03 - 78 47.60 49.00 1.40 10.13 176.85
---------------------------------------------------------------------
KP03 - 79 46.00 56.50 10.50 6.37 143.61
---------------------------------------------------------------------
Includes 54.20 56.50 2.30 20.70 485.09
---------------------------------------------------------------------
KP03 - 81 14.50 18.50 4.00 19.84 179.79
---------------------------------------------------------------------
KP03 - 82 Nsv In
front of
vein
---------------------------------------------------------------------
KP03 - 83 44.10 49.80 5.70 28.58 276.58
---------------------------------------------------------------------
KP03 - 89 38.80 39.62 0.82 2.84 41.88
---------------------------------------------------------------------
KP03 - 91 175.45 181.15 5.70 12.80 173.87
---------------------------------------------------------------------
Includes: 176.00 177.30 1.30 34.68 520.18
---------------------------------------------------------------------
KP03 - 92 140.00 143.10 3.10 23.42 644.13
---------------------------------------------------------------------
KP03 - 93 309.00 313.40 4.40 5.03 93.57
---------------------------------------------------------------------
KP03 - 95 234.85 240.75 5.90 4.45 102.63
---------------------------------------------------------------------
KP03 - 99 225.50 230.90 5.40 48.71 323.07
---------------------------------------------------------------------
Includes 225.95 227.60 1.65 144.28 739.11
---------------------------------------------------------------------
KP03 - 102 245.85 246.85 1.00 102.94 636.00 New
vein
---------------------------------------------------------------------
KP03 - 107 265.30 268.00 2.70 2.09 12.70
---------------------------------------------------------------------
Note: Hole 85 and 114 abandoned.
Note: No Significant Values (NSV)
North Zone
The North Zone extends at least 350 metres north of, and is contiguous to, the Central Zone. The previously discovered high grade shoot in the North Zone has been better defined by several hole including holes 86 which returned 33.5 metres of 32.76 g/t gold and 406.24 g/t silver and hole 77 with 11.40 metres of 20.01 g/t gold and 303.53 g/t silver. The North Zone remains open at depth and appears to be offset to the north by an east -west fault that may have down-dropped the vein structure. Four holes drilled north of the fault, in what is called the North Extension Zone, intercepted very intensely clay-altered volcanics with low temperature stringer veins. Future exploration will test the Northern Extention Zone under the clay alteration.
Assay results from all of recent holes drilled in the North Zone are as follows:
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NORTH
ZONE HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
---------------------------------------------------------------------
KP03 - 70 64.50 65.20 0.70 7.66 94.06
---------------------------------------------------------------------
And 74.30 74.90 0.60 7.50 143.02
---------------------------------------------------------------------
KP03 - 77 80.80 92.20 11.40 20.01 303.53
---------------------------------------------------------------------
Includes 89.40 91.60 2.20 71.82 1075.34
---------------------------------------------------------------------
KP03 - 84 20.40 30.55 10.15 14.24 37.95
---------------------------------------------------------------------
Includes 26.75 30.55 3.80 23.24 34.10
---------------------------------------------------------------------
Plus 47.25 49.60 2.35 13.23 90.66
---------------------------------------------------------------------
KP03 - 86 8.20 41.70 33.50 32.76 406.24
---------------------------------------------------------------------
Includes 26.10 36.60 10.50 94.23 1204.67
---------------------------------------------------------------------
KP03 - 88 33.40 34.40 1.00 8.84 182.82
---------------------------------------------------------------------
KP03 - 90 83.50 107.30 23.80 10.81 173.59
---------------------------------------------------------------------
Includes: 92.20 95.20 3.00 28.53 306.51
---------------------------------------------------------------------
KP03 - 90A Assays
Pending
---------------------------------------------------------------------
KP03 - 115 29.50 35.20 5.70 20.78 878.35
---------------------------------------------------------------------
Includes 31.50 32.50 1.00 51.60 1329.98
---------------------------------------------------------------------
Note: Hole 77 and 90 had very poor core recovery and will be re-drilled to obtain a more representative sample.
North Extension Zone - All holes intersected intense clay alteration.
---------------------------------------------------------------------
KP03 - 94 NSV
---------------------------------------------------------------------
KP03 - 98 NSV
---------------------------------------------------------------------
KP03 - 105 NSV
---------------------------------------------------------------------
KP03 - 109 NSV
---------------------------------------------------------------------
Note: No Significant Values (NSV)
South Zone
The South Zone extends for at least 600 metres to the south of the Big Bend Zone. Three additional holes were drilled to further test the ore shoot defined by previously released holes 42A and 31, with grades of 33.26 g/t gold and 356.74 g/t silver over 7.5 metres in hole 42A and 14.64 g/t gold and 129.07 g/t silver over 6.8 metres in hole 31. Hole 63 undercut hole 42A, but was cut-off by a dyke shortly after intersecting the vein.
A series of seven widely spaced holes were drilled south of the South Zone along a mineralized trend called the South Extension Zone. This zone extends another 750 meters south of the South Zone and is defined by alteration, vein float and outcrop. Holes 87 and 96 intersected dykes and did not hit the vein zone. Holes 110 and 112 are believed to be too short and did not intersect the mineralized structure. The South Zone and South Extension Zone will be further drill tested in 2004.
Assay results from all the recent holes drilled in the South Zone and South Extension Zones are as follows.
---------------------------------------------------------------------
South
Zone HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
---------------------------------------------------------------------
KP03 - 57 NSV
---------------------------------------------------------------------
KP03 - 63 104.80 111.70 6.90 4.10 36.28
---------------------------------------------------------------------
Includes 104.80 105.40 0.60 15.33 133.35
---------------------------------------------------------------------
And 110.90 111.70 0.80 13.54 77.26
---------------------------------------------------------------------
KP03 - 80 53.00 54.70 1.70 9.48 529.56
---------------------------------------------------------------------
Plus 59.60 62.80 3.20 6.13 22.04
---------------------------------------------------------------------
---------------------------------------------------------------------
South Extension
HOLE # FROM TO LENGTH GOLD g/t SILVER g/t COMMENTS
---------------------------------------------------------------------
KP03 - 87 37.10 37.40 0.30 9.08 83.20
---------------------------------------------------------------------
KP03 - 96 NSV
---------------------------------------------------------------------
KP03 - 100 98.40 100.40 2.00 2.52 96.84
---------------------------------------------------------------------
KP03 - 104 42.90 44.50 1.60 9.13 96.78
---------------------------------------------------------------------
KP03 - 106 41.90 42.20 0.30 3.16 31.90
---------------------------------------------------------------------
KP03 - 110 Dyke
---------------------------------------------------------------------
KP03 - 112 too short
---------------------------------------------------------------------
Note: No Significant Values (NSV)
A further 9,000 metres of drilling is scheduled to be completed in 2003 on the Kupol Property, weather dependant, utilizing two Canadian and two Russian rigs. More assay results will be released as they become available.
In addition to drilling, Bema's surface sampling program on the Kupol Property has identified new parallel vein structures that will be drill tested. Bema has also commenced metallurgical test work, baseline engineering, hydrological and environmental studies on the Kupol Project.
The Kupol Project is a joint venture between Bema and the government of Chukotka. Bema has the option to purchase a 75% interest in the property from the government.
On behalf of BEMA GOLD CORPORATION
Clive T. Johnson, Chairman, C.E.O., &President
The following table shows the location of the drill holes:
---------------------------------------------------------------------
LOCATION LOCATION LOCATION LENGTH AZI-
HOLE-ID X Y Z (m) SECTION MUTH DIP
---------------------------------------------------------------------
58 KP03
-052A 29,436,431.4 7,411,743.7 624.4 182.58 1750N 270 -63.5
---------------------------------------------------------------------
63 KP03
-057 29,436,099.8 7,410,957.4 548.1 102.50 950N 270 -55
---------------------------------------------------------------------
64 KP03
-058 29,436,340.1 7,412,749.1 646.0 39.40 2750N 270 -55
---------------------------------------------------------------------
65 KP03
-059 29,436,382.4 7,411,855.6 645.0 59.74 1850N 270 -55
---------------------------------------------------------------------
66 KP03
-060 29,436,424.3 7,412,500.0 658.1 134.22 2500N 270 -55
---------------------------------------------------------------------
67 KP03
-061 29,436,398.7 7,411,903.8 649.4 71.93 900N 270 -55
---------------------------------------------------------------------
68 KP03
-062 29,436,420.8 7,411,950.1 655.4 71.93 1950N 270 -55
---------------------------------------------------------------------
69 KP03
-063 29,436,224.3 7,411,056.3 533.3 178.20 1050N 270 -55
---------------------------------------------------------------------
70 KP03
-064 29,436,398.2 7,412,745.3 639.9 114.91 1750N 270 -55
---------------------------------------------------------------------
71 KP03
-065 29,436,359.0 7,412,748.4 644.3 57.60 2750N 270 -55
---------------------------------------------------------------------
72 KP03
-066 29,436,420.8 7,411,950.1 655.5 129.54 1950N 270 -70
---------------------------------------------------------------------
73 KP03
-067 29,436,374.9 7,412,604.3 656.0 81.38 2600N 270 -55
---------------------------------------------------------------------
74 KP03
-068 29,436,388.8 7,411,986.5 655.6 45.72 1950N 270 -55
---------------------------------------------------------------------
75 KP03
-069 29,436,377.7 7,412,712.1 643.1 59.45 2712.5N 270 -55
---------------------------------------------------------------------
76 KP03
-070 29,436,383.6 7,413,004.1 612.1 96.90 3000N 270 -55
---------------------------------------------------------------------
77 KP03
-071 29,436,453.5 7,411,995.1 655.9 150.57 2000N 264 -58
---------------------------------------------------------------------
78 KP03
-072 29,436,423.2 7,412,709.6 640.5 135.33 2712.5N 270 -55
---------------------------------------------------------------------
79 KP03
-073 29,436,372.3 7,412,023.3 656.2 47.55 2025N 270 -55
---------------------------------------------------------------------
80 KP03
-074 29,436,385.4 7,412,028.3 655.9 53.64 2025N 270 -55
---------------------------------------------------------------------
81 KP03
-075 29,436,459.1 7,412,712.1 639.9 181.97 2712.5N 270 -55
---------------------------------------------------------------------
82 KP03
-076 29,436,423.5 7,412,020.3 658.9 113.08 2025N 270 -57
---------------------------------------------------------------------
83 KP03
-077 29,436,402.3 7,413,048.5 605.9 114.90 3050N 270 -55
---------------------------------------------------------------------
84 KP03
-078 29,436,386.7 7,412,048.7 657.9 60.35 2050N 270 -58
---------------------------------------------------------------------
85 KP03
-079 29,436,375.4 7,412,802.4 636.4 102.72 2800N 270 -55
---------------------------------------------------------------------
86 KP03
-080 29,436,060.6 7,410,892.6 552.1 90.00 900N 270 -55
---------------------------------------------------------------------
87 KP03
-081 29,436,373.3 7,412,125.8 659.6 25.60 2125N 270 -55
---------------------------------------------------------------------
88 KP03
-082 29,436,373.1 7,412,223.8 656.3 47.55 2225N 270 -55
---------------------------------------------------------------------
89 KP03
-083 29,436,413.9 7,412,224.2 657.8 95.40 2225N 270 -55
---------------------------------------------------------------------
90 KP03
-084 29,436,352.3 7,412,876.4 630.4 75.30 2875N 270 -54.3
---------------------------------------------------------------------
91 KP03
-085 29,436,430.0 7,412,345.9 664.9 61.26 2350N 270 -55
---------------------------------------------------------------------
92 KP03
-086 29,436,323.8 7,412,951.2 621.1 66.14 2950N 270 -55
---------------------------------------------------------------------
93 KP03
-087 29,436,061.7 7,410,805.7 555.9 139.70 800N 270 -55
---------------------------------------------------------------------
94 KP03
-088 29,436,395.3 7,413,102.9 600.1 65.00 3100N 270 -55
---------------------------------------------------------------------
95 KP03
-089 29,436,388.0 7,412,500.3 659.3 62.79 2500N 270 -55
---------------------------------------------------------------------
96 KP03
-090 29,436,367.3 7,412,951.3 615.6 124.05 2950N 270 -55
---------------------------------------------------------------------
97 KP03
-091 29,436,491.8 7,412,499.4 655.6 215.20 2500N 270 -65
---------------------------------------------------------------------
98 KP03
-092 29,436,458.1 7,412,598.8 647.3 230.73 2600N 270 -67
---------------------------------------------------------------------
99 KP03
-093 29,436,584.0 7,412,498.0 643.3 335.89 2500N 270 -65
---------------------------------------------------------------------
100 KP03
-094 29,436,422.9 7,413,199.3 584.5 95.40 3200N 270 -55
---------------------------------------------------------------------
101 KP03
-095 29,436,512.8 7,412,598.3 642.3 281.03 2600N 270 -62
---------------------------------------------------------------------
102 KP03
-096 29,436,045.4 7,410,705.7 564.9 95.00 700N 270 -55
---------------------------------------------------------------------
103 KP03
-097 29,436,557.7 7,411,906.4 652.5 321.56 1900N 270 -65
---------------------------------------------------------------------
104 KP03
-098 29,436,447.1 7,413,199.2 582.8 59.70 3200N 270 -55
---------------------------------------------------------------------
105 KP03
-099 29,436,467.1 7,412,637.1 642.9 255.12 2636N 270 -69
---------------------------------------------------------------------
106 KP03
-100 29,436,020.0 7,410,557.4 576.9 125.00 1250N 270 -55
---------------------------------------------------------------------
107 KP03
-101 29,436,422.9 7,411,857.6 646.7 120.09 1850N 270 -60
---------------------------------------------------------------------
108 KP03
-102 29,436,538.1 7,412,681.2 636.3 381.00 2675N 270 -65
---------------------------------------------------------------------
109 KP03
-103 29,436,476.2 7,411,800.5 635.3 254.91 1800N 270 -65
---------------------------------------------------------------------
110 KP03
-104 29,435,987.3 7,410,467.5 555.7 112.00 475N 270 -55
---------------------------------------------------------------------
111 KP03
-105 29,436,389.8 7,413,199.7 588.1 109.20 3200N 270 -55
---------------------------------------------------------------------
112 KP03
-106 29,436,012.2 7,410,357.6 542.2 110.00 350N 270 -55
---------------------------------------------------------------------
113 KP03
-107 29,436,538.1 7,412,681.2 636.3 460.55 2675N 270 -72
---------------------------------------------------------------------
114 KP03
-108 29,436,469.9 7,411,742.7 628.1 279.20 1750N 270 -63.5
---------------------------------------------------------------------
115 KP03
-109 29,436,427.9 7,413,289.1 571.7 72.40 3300N 270 -55
---------------------------------------------------------------------
116 KP03
-110 29,436,035.5 7,410,251.2 533.6 112.00 250N 270 -55
---------------------------------------------------------------------
117 KP03
-111 29,436,425.3 7,411,801.8 636.1 166.42 1800N 270 -66
---------------------------------------------------------------------
118 KP03
-112 29,436,051.0 7,410,049.6 519.9 101.20 50N 270 -55
---------------------------------------------------------------------
119 KP03
-113 29,436,360.9 7,411,651.7 604.8 76.50 1650N 270 -53.5
---------------------------------------------------------------------
120 KP03
-114 29,436,473.4 7,412,803.4 628.7 241.10 2800N 270 -65
---------------------------------------------------------------------
121 KP03
-115 29,436,379.2 7,413,050.6 607.6 60.90 3050N 270 -55
---------------------------------------------------------------------
122 KP03
-116 29,436,385.2 7,411,651.5 605.2 160.32 1650N 270 -71
---------------------------------------------------------------------
123 KP03
-117 29,436,049.6 7,410,450.8 533.1 150.00 450N 270 -55
---------------------------------------------------------------------
124 KP03
-118 29,436,468.9 7,411,648.8 611.6 260.91 1650N 270 -58
---------------------------------------------------------------------
125 KP03
-119 29,436,380.8 7,413,427.9 559.3 103.00 3425N 90 -55
---------------------------------------------------------------------
126 KP03
-120 29,436,087.0 7,410,550.0 569.0 220.20 550N 270 -55
---------------------------------------------------------------------
127 KP03
-121 29,436,338.2 7,411,562.0 588.8 80.47 1550N 270 -55
---------------------------------------------------------------------
128 KP03
-122 29,436,387.0 7,412,650.0 648.5 85.80 2650N 270 -55
---------------------------------------------------------------------
129 KP03
-123 29,436,363.0 7,411,550.0 588.5 129.24 1550N 270 -62
---------------------------------------------------------------------
130 KP03
-124 29,436,292.5 7,411,450.0 577.5 84.12 1450N 270 -55
---------------------------------------------------------------------
17052.58
---------------------------------------------------------------------
Bema has installed an on site preparation and fire assay laboratory due to the project's remote location. The lab is managed by an experienced Russian fire assayer and overseen by an independent consultant. Bema has also retained Smee and Associates Consulting Ltd. to ensure the lab is operated to the level of North American standards and that a comprehensive quality control program is run by the lab. The Kupol lab is operated as an independent lab and no Bema personnel are permitted unsupervised access. Drill samples have been prepped on site under the supervision of the independent North American consultant and reviewed on site by Barry Smee who visited the site during lab start-up. Samples are crushed in two passes within a jaw crusher to 80 % passing 2 mm. Approximately 800 grams are split off the coarse crush and pulverized to 95 % passing 150 mesh. A 200 gram pulverized sample is split and packaged for the analytical lab.
All results released in this news release have been validated by our Quality Control Program (QC) which has been designed in concert with Smee and Associates 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. Tom Garagan, Vice President of Exploration, is the Qualified Person for this exploration project.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. Bema Gold Corporation trades on The Toronto and American stock exchanges. Symbol: BGO.
More:
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=T.BGO