International Bethlehem Furthers Exploration of the Eva Kitto Property
Platinum Group Element Project, Thunder Bay Mining Divi
July 27, 2009
West Vancouver, British Columbia â€" July 27, 2009 â€" International Bethlehem Mining Corp. (â€śInternational Bethlehemâ€ť or the â€śCompanyâ€ť) is pleased to announce that planning is underway for a further phase two exploration program for the 210 claim unit â€śEva Kitto Propertyâ€ť located near the town of Beardmore, Ontario and approximately 180 km north-northeast of Thunder Bay, Ontario, which property is part of the Proterozoic Nipigon Basin.
The Eva Kitto Property covers an area over a 10 km diameter ultramafic intrusion. Additional exploration on the potential feeder dike targets beneath the 10 km diameter cone shaped ultramafic intrusion is the primary target. The new program will also include further detailed surface exploration for potential platinum showings. A surface showing occurs in a creek-valley wall where it cuts into the ultramafic intrusion. This disseminated sulphide horizon is thought to occur elsewhere within the significant ultramafic body, however, the exploration focus currently remains on the highly prospective feeder dikes, since they are generally known to be associated with platinum group element (â€śPGEâ€ť) discoveries (as recently discovered north of Thunder Bay and south of the Seagull intrusion).
In December 2008, drill hole EK08-1 was drilled to a depth of 245.36 metres and bottomed in an ultramafic unit interpreted to be a feeder dike (see the Companyâ€™s news release dated January 26, 2009). When the program continues this summer, this hole will be deepened to explore the potential of the dike and step out holes are planned to test a nearby PGE occurrence.
Under the Companyâ€™s option agreement with East West Resource Corporation (â€śEast Westâ€ť), International Bethlehem is required to spend $500,000 in exploration expenditures on the Property by November 2009 in order to acquire its initial 30% interest ($150,000 of which has been spent so far) and the Company has the right to earn up to a 51%, 60% and 75% interest, respectively, by incurring additional exploration expenditures.
The phase two program is being supervised by Mr. Robert Middleton, P. Eng, Geophysicist and is the Qualified Person for this project in accordance with the regulations under the NI 43-101.
For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Companyâ€™s new website at www.bethlehemmining.com.
International Bethlehem Mining Corp.
â€śRonald A. Coombesâ€ť
Ronald A. Coombes, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed â€śforward-looking statementsâ€ť. All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.