Belvedere Commences Follow-Up Drilling on Their Antikanperä

Belvedere Commences Follow-Up Drilling on Their Antikanperä Gold
Discovery in Finland 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/13 -- Belvedere
Resources Ltd. (TSX VENTURE:BEL)  ("Belvedere") is pleased to
announce that it has commenced a 2,000 metre diamond drill program on
their 10 km(2) Antikanpera gold property to begin follow up on the
Pontio gold discovery.  
The Pontio prospect is a blind discovery made in 2012. It sub-crops
under shallow peat cover and shows significant size potential, with a
true thickness estimated to be approximately 60 metres. Five
drillholes have so far defined mineralisation over a strike length of
250 metres. The deepest intersection to date is 50 metres vertically
below surface. Mineralisation is associated with chalcopyrite and
hosted by a steep east dipping dioritic dyke/sill in gneissic
metasediments. Outcrop is minimal but grab and channel sampling of
available outcrops has outlined a broad mineralised zone over a
strike length of more than two kilometres. The outcrop samples
indicate the existence of a number of parallel mineralised
intrusions, some of which will be investigated in the current drill
campaign. Results from the five Pontio drillholes announced on
September 19th 2012 are re-presented below. 
David Pym CEO states "The Pontio gold discovery is the most promising
target intersected to date on the M2 geophysical trend on the
Antikanpera gold property. Outcrop sampling and drilling have begun
to outline what appears to be a significant new mineralised system
only 35 km to the north of our Hitura nickel mine and mill
facilities". 


 
                                                                        Gram
HOLE_ID         From(m)     To(m) Interval(m)     Au g/t    Cu ppm    Metres
----------------------------------------------------------------------------
BELANP011         24.99     45.84       20.85       1.13       499      23.6
----------------------------------------------------------------------------
BELANP012          8.95     81.05        72.1       0.88       621      63.1
----------------------------------------------------------------------------
Including         59.24     78.02       18.78       1.34       583      25.1
----------------------------------------------------------------------------
BELANP013         19.14     81.18       62.04       1.08       614      67.1
----------------------------------------------------------------------------
Including         53.22     68.04       14.82       2.29      1220      33.9
----------------------------------------------------------------------------
BELANP014          25.3      32.2         6.9       1.01       704       7.0
----------------------------------------------------------------------------
BELANP014         38.26     43.15        4.89       0.95       280       4.6
----------------------------------------------------------------------------
BELANP014         54.12     78.18       24.06       1.44       498      34.6
----------------------------------------------------------------------------
BELANP015           5.5     12.61        7.11       0.63       367       4.5
----------------------------------------------------------------------------
BELANP015         18.87     21.84        2.97       1.85      1043       5.5
----------------------------------------------------------------------------
BELANP015         27.01      50.7       23.69       1.44       668      34.0
----------------------------------------------------------------------------
Including         27.01     36.07        9.06       2.32       729        21
----------------------------------------------------------------------------
BELANP015         73.29     77.14        3.85       0.83       482       3.2
----------------------------------------------------------------------------

 
Table 1: Intersections using a 0.5 g/t Au cut-off. No top cut is
applied. Maximum grade is 15.35 g/t Au over 0.35 m, one of four
individual samples over 5 g/t Au. Intersections are estimated to be
70-90% of true width. 


 
Hole_ID                  x         y         z   azimuth       dip    length
----------------------------------------------------------------------------
BELANP011          2548106   7121756    85.055     269.1        45     85.85
----------------------------------------------------------------------------
BELANP012          2548141   7121755    85.468       271        45    119.45
----------------------------------------------------------------------------
BELANP013          2548143   7121807    86.859       271        45     90.65
----------------------------------------------------------------------------
BELANP014          2548140   7121709    85.658       271        45     83.25
----------------------------------------------------------------------------
BELANP015          2548131   7121853    85.275       269        45     89.15
----------------------------------------------------------------------------

 
Table 2: Details of drillhole locations 
The drilling was undertaken by Drillcon SMOY of Finland, providing 42
mm diameter core. Samples are comprised of half diamond core.
Intersections are estimated to be 70-90% of true width. No top cut is
applied. Maximum grade is 15.35 g/t Au over 0.35 m, one of four
individual samples over 5 g/t Au. Core samples are sawn in half on
site, prepped and assayed by 30g fire assay with an AAS finish at the
internationally accredited laboratories of ALS Chemex in Finland. The
quality assurance-quality control (QAQC) program of Belvedere
consists of the insertion of certified standards of known gold
content every 20 samples, with blanks at the beginning of each batch.
In addition, ALS Chemex inserts a number of blanks and standards into
the analytical process. Standards, blanks and duplicates make up
approximately 15% of the samples assayed. The remaining half core is
retained on site for verification and reference purposes. 
About Belvedere: 
Belvedere Resources Limited is a mining company incorporated in
British Columbia with a primary focus on nickel, gold, cobalt and
copper in Finland. The Company currently produces 2200t of nickel in
concentrate/year from the Hitura nickel mine in Central Finland. The
Company has a number of advanced gold projects in close proximity to
the Hitura mine. 
Forward Looking Statement: 
Some of the statements contained herein may be forward-looking
statements, which involve known and unknown risks and uncertainties.
Without limitation, statements regarding future plans and objectives
of the Company (including statements relating to future drilling and
interpreted continuity of the new mineralised zones) are
forward-looking statements that involve various degrees of risk. It
is important to note that the Company's actual results could differ
materially from those in such forward-looking statements. 
Qualified Person 
The technical aspects of this statement have been prepared by Dr Toby
Strauss (CGeol), Chief Operating Officer of Belvedere Resources Ltd,
who is acting as a Qualified Person in compliance with National
Instrument 43-101 with respect to this release. Dr Strauss has
verified the data supporting this press release. Verification
included checking the data to the original Laboratory certificates,
examining photographs of the core, reviewing sampling procedures and
reviewing the geological interpretation. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the contents of this
release. 
Contacts:
Belvedere Resources Ltd.
David Pym
CEO
+1-604-844-2838 
Belvedere Resources Ltd.
Toby Strauss
COO
+1-604-844-2838 
Belvedere Resources Ltd.
Suite #404, Vancouver World Trade Centre, 999 Canada Place
Vancouver. BC. V6C 3E2, Canada
www.belvedere-resources.com
 
 
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