Belvedere Resources Ltd. announced that it has commenced a 2,000 meter diamond drill program on their 10 km 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 meters.

Five drillholes have so far defined mineralization over a strike length of 250 meters. The deepest intersection to date is 50 meters vertically below surface. Mineralization 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 mineralized zone over a strike length of more than two kilometers. The outcrop samples indicate the existence of a number of parallel mineralized intrusions, some of which will be investigated in the current drill campaign. Results from the five Pontio drill holes announced on September 19, 2012 are re-presented below.