- Bellevue Gold (BGL) has successfully completed its first phase of infill drilling at its Bellevue Gold Project in Western Australia
- The completion of this drilling ensures that the company is on track to publish a maiden indicated resource in the June quarter
- The infill program consisted of 94,000 metres of diamond drilling and final assay results are pending for a quarter of the holes
- Bellevue is now planning to drill two highly promising conductors that were recently identified at the Deacon lode
- Company shares are up a slight 4.41 per cent on the market today and shares are trading for 35.5 cents each
Bellevue Gold (BGL) has successfully completed its first phase of infill drilling at its Bellevue Gold Project in Western Australia.
This completion ensures that Bellevue is on track to publish a maiden indicated resource in the June 2020 quarter.
Bellevue currently has an inferred resource of 2.2 million ounces at 11.3g/t gold and this infill drilling program was designed to upgrade the shallow resource areas and selected deeper lodes to the indicated category.
The new indicated resource will enable Bellevue to start economic studies and this will be boosted by successive infill drilling in other areas.
Managing Director Steve Parsons said the completion of the infill drilling program marked another milestone along the path to project development.
“With this key drilling program now completed, we can move to finalising a maiden indicated resource, which will, in turn, underpin economic studies,” Steve said.
“Now we have completed the first phase of infill drilling ready for the maiden indicated resource, two rigs will remain on-site, one focused on resource growth and one on further indicated drilling,” he added.
A total of 94,000 metres of infill drilling has now been completed and results are pending for around 15,700 metres.
Results that have already been identified include 2.9 metres at 36.5g/t gold from 137.4 metres, three metres at 22g/t gold from 237 metres, and 4.7 metres at 32.7g/t gold from 600.7 metres.
Step-out drilling will now continue at Bellevue with the aim of growing the global resource.
Bellevue also plans to drill two highly promising conductors that were recently identified at the Deacon lode.
Company shares are up a slight 4.41 per cent on the market today and shares are trading for 35.5 cents each at 1:15 pm AEDT.