- Bellevue Gold (BGL) has found outstanding results from its infill drilling campaign at the Bellevue Gold Project in Western Australia
- The company found excellent results at the Deacon lodge, where the inferred resource stands at 410,000 ounces at 12.3 g/t of gold
- Best results include 5.3 metres at 54.5 g/t gold from 650.9 metres
- This drilling points to the potential of further high-grade shoot definition
- These latest infill results will support the project’s maiden indicated resource, which is set to be announced mid-year
- Bellevue is down 1.34 per cent on the market this morning, trading for 74 cents each
Bellevue Gold (BGL) has found outstanding results from its infill drilling at Bellevue Gold Project in Western Australia.
The company found excellent results at the Deacon lodge, where the inferred resource stands at 410,000 ounces at 12.3 g/t of gold.
Results include 5.3 metres at 54.5 g/t gold from 650.9 metres and 1.5 metres at 168.8 g/t gold from 651.7 metres, including 0.5 metres at 499.1 g/t of gold.
Bellevue received results from 16 drill holes at the Central Deacon discovery. This drilling points to the potential of further high-grade shoot definition.
Managing Director Steve Parsons says these latest results show the quality of the mineralisation at the project.
“The extremely high grades and the continuity of the mineralisation augur very well for both the upcoming Resource upgrade and the project’s economics. The Deacon lode is emerging as a repeat of the adjacent Bellevue deposit, which was well-known for its extensive high-grade mineralisation,” he said.
“The mineralisation at Deacon is also characterised by consistent free visible gold and high pyrrhotite percentages,” he added.
These latest infill results will support the project’s maiden indicated resource, which is set to be announced mid-year.
“Bellevue [is] set to achieve several key milestones in coming months, including the maiden indicated resource, re-establishment of access to the underground mine infrastructure and the delivery of economic studies,” Steve told the market.
Bellevue is down 1.34 per cent on the market this morning, trading for 74 cents each at 11:33 am AEST.