Bell Coast unsuccessful in Mongolia

Vancouver — Bell Coast Capital‘s (BCP-V) drilling of its Shadow Mountain project, in the southwestern Gobi Desert of Mongolia, has met with disappointment.

The 5-hole, 1,500-metre program failed to intersect any significant copper-gold mineralization, the best assays being 0.04% copper and 0.09 gram gold per tonne.

The 1,000-sq.-km property was drilled after an induced-polarization survey returned several anomalies attributed to buried intrusives.

The survey’s results pointed to the possibility of a large, porphyry copper-gold system, but subsequent drilling revealed the system to be weakly mineralized and structurally controlled.

Meanwhile, in south-central Wyoming, the company is exploring its recently acquired Sheep Mountain uranium project, which is shared equally with US Energy (USEG-Q). From the late 1960s through to 1980, the Sheep Mountain mine extracted 17.4 million lbs. of uranium from 4.6 million tonnes of ore grading 0.17% U3O8.

At presstime, Bell Coast’s stock shed a few cents to the 80. Shares recently touched a 52-week high of 92 — well up from its year-low of 8.