Bellevue Gold (ASX:BGL) - Managing Director, Steve Parsons
Managing Director, Steve Parsons
Source: Bellevue Gold
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  • Bellevue Gold (BGL) has intersected high-grade mineralisation outside and in the resource boundary of its namesake project in WA
  • Bellevue targeted the Deacon, Deacon North and Bellevue lodes and hit outstanding grades of up to 89.4 and 163.2 grams per tonne gold
  • The company is conducting infill and extensional drilling to upgrade the Bellevue Gold’s indicated resource later in the quarter
  • Currently, the indicated and inferred mineral resource stands at 7.03 million tonnes at 10g/t gold for 2.26 million ounces
  • Company shares are trading 4.63 per cent higher for $1.07

Bellevue Gold (BGL) has intersected high-grade mineralisation outside and in the resource boundary of its namesake project in Western Australia.

The company has been conducting infill and extensional drilling to upgrade the indicated resource later in the quarter.

The Bellevue Gold Project currently has an indicated and inferred resource of 7.03 million tonnes at 10g/t gold for 2.26 million ounces.

Step-out drilling up to 200 metres along strike at the Deacon lode has resulted in three new extensions to the known mineralisation.

Results include 9.3 metres at 5.8g/t gold from 757.3 metres, 1.4 metres at 63.2g/t gold from 434.9 metres and 3.5 metres at 10.6g/t gold from 387.5 metres.

Further, extensional drilling at Deacon North also returned significant gold grades. These include 5.1 metres at 7.8g/t gold from 626.1 metres, 1.6 metres at 89.4g/t gold from 629.5 metres and 2.5 metres at 11.5g/t gold from 660 metres.

Recent drilling at the Bellevue lode has focused on targeting high-grade extensions to mineralisation. A previously unknown lode position has been discovered in the footwall along with multiple high-grade intercepts that extend known mineralisation.

Bellevue is evaluating where lodes sitting in the northern portion can be included in the mine schedule as it is aiming to convert further mineralisation to the indicated category later in the quarter.

Best results from the Bellevue lode include 0.7 metres at 163.2g/t gold from 245.9 metres, 4.6 metres at 34.8g/t gold from 241.8 metres and 3.7 metres at 26.2g/t gold from 372.3 metres.

“This all points to a larger overall mineralised envelope with more gold in the high-confidence Indicated category, which in turn gives us even greater scale while continuing to de-risk the project,” Managing Director Steve Parsons said.

Company shares are trading 4.63 per cent higher for $1.07 at 2:11 pm AEST.

BGL by the numbers
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