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Bellevue Gold Ltd

Bellevue Gold delineates 1.8 million ounces in under 18 months at namesake WA project

Six drill rigs are onsite targeting Viago, Tribune & Bellevue Surrounds Lodes for step-out expansion drilling targeting further resource growth.

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The company is advancing the project back into a high-grade gold operation

Bellevue Gold Ltd (ASX:BGL) is well funded to restart gold mining and production at its namesake project in WA, with $19.8 million in cash as at June 30, 2019.

High grade gold was mined at the project at various times for over 100 years at the Bellevue lode through to 1997 when the operation shut down at around 430 metres below surface.

Around 800,000 ounces of gold have been produced at a reported head grade of about 15 g/t from a narrow vein operation.

After the mine closure in 1997 very little modern exploration was completed at the project and Bellevue Gold is undertaking the first systematic exploration at the property in the last 20 years.

READ: Bellevue Gold expands high-grade gold resource; six drill rigs active on site

Bellevue has delineated 1.8 million ounces of gold in less than 18 months from discovery, making it one of the fastest and highest-grade gold discoveries globally.

In addition to the continued expansion of the current high-grade gold resource, Bellevue has made significant progress in early permitting and development works to de-risk the recommencement of mining.

With six drill rigs currently operating on site, the company intends to build on step-out expansion drilling, target the exciting new deeper targets beneath the old Bellevue Mine and commence first pass infill drilling over the current resource areas.

 

Bellevue managing director Steve Parsons recently said: “It is an exciting time for the company with the resource estimate continuing to grow and early development and permiting works beginning to advance with the addition of a project director to the Bellevue team.

“The company anticipates to continue progress over coming quarters with our growth and derisking strategy to advance the Bellevue Gold Project back into a high grade gold operation”

Quick facts: Bellevue Gold Ltd

Price: 0.47 AUD

Market: ASX
Market Cap: $267.86 m
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Bellevue Gold reveals further high-grade upgrade at flagship gold project

Bellevue Gold Ltd's (ASX:BGL) Steve Parsons caught up with Proactive's Andrew Scott after announcing a further high-grade resource upgrade at their project in Western Australia. The latest update incorporates the recent Viago North and Tribune North strike extensions which are in the...

on 11/7/19

2 min read