The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Bellavista Resources (BVR) extends the mineralisation at its Brumby project in Western Australia
  • While assays from the first round of drilling are pending, BVR says all the diamond holes completed intersected the target zone, extending mineralisation to over seven kilometres
  • Regional structures and secondary sulphide has also been observed, which Executive Director Mick Wilson says demonstrates an extensive mineralised footprint
  • Phase two follow up drilling is planned for early in quarter four of this year, subject to clearing of tracks and pads
  • Bellavista shares are down five per cent to trade at 24 cents at 1:52 pm AEST

Bellavista Resources (BVR) has extended the mineralisation at its Brumby project in Western Australia.

The zinc-silver-copper project lies 130 kilometres southwest of Newman and sits among Bellavista’s Edmund Basin projects.

Phase one drilling, comprising seven diamond and four reverse circulation drill holes, was completed across the project, with the aim of expanding the known mineralisation and targeting areas where new mineralisation may exist.

While assays are pending, BVR said all the diamond drill holes intersected the target zone and extended the known mineralisation to over seven kilometres.

The target horizon follows two parallel traverses around 2.5 kilometres apart, and the mineralised system is open in all directions.

Executive Director Mick Wilson said the visual results demonstrate an extensive mineralised footprint and the company is encouraged by the presence of regional structures and secondary sulphide.

“We now have a ‘library’ of diamond drill core across seven kilometres of strike of the Brumby system,” he said.

“We can compare grade distribution and the other geological characteristics in the process of vectoring toward feeder zones and areas where metal-bearing fluid has migrated up deep tapping structures.”

Samples from the reverse circulation drilling have been sent to a laboratory for assaying with results expected in six to eight weeks.

All core samples are being prepared and dispatched for continuous XRF testing to select certain zones from each hole to be cut, sampled and sent for assaying.

The company has also deployed passive seismic phones covering eight square kilometres to identify contrasts in the basement and around zones of thickening or higher-grade mineralisation.

Theses phones will be collected next week and the data will be used to prepare a three-dimensional model.

Bellavista is working to secure a reverse circulation drill rig from its drilling partner, Strike Drilling, in anticipation of a phase two program pitted for early in the fourth quarter of this year, subject to the clearing of tracks and pads.

An Indigenous Heritage survey is set to begin shortly to clear the entire area ahead of the next phase of drilling.

Bellavista shares were down 3.03 per cent to trade at 24 cents at 1:52 pm AEST.

BVR by the numbers
More From The Market Online

Inca’s plan to drill IOCG targets in the Top End sends shares soaring 40%

Inca Minerals keep pushing up - rising 40 percent - as the company announces plans to…
The Market Online Video

Market Update: Real estate opens ASX door into the green zone

The ASX is up more than half a per cent – beating future’s earlier predictions.

Brightstar kicks off drilling at expanded 1.45Moz portfolio

Brightstar Resources has rolled out a program of up to 30 kilometres of drilling across its…