Sign up Australia
Proactive Investors - Run By Investors For Investors
Why invest in BGL?

Bellevue Gold continues to expand one of the highest-grade new gold discoveries in Australia

Significant scope for quick expansion both along strike and at depth with ongoing drilling throughout the remainder of 2018.
project area
Recent high-grade hit of 58.8 g/t gold from 575.5 metres

Bellevue Gold Ltd (ASX:BGL) Is progressing a unique opportunity to unlock the potential of one of Australia's historic high-grade gold mines, the Bellevue Gold Mine in Western Australia.

The mine historically produced about 800,000 ounces of gold at 15 g/t gold.

The last time the mine operated

The project has been forgotten for the last 20 years missing major advances in exploration techniques and the resurgence in gold price in recent times.

Bellevue Gold is the first company to explore the mine systematically for gold using modern techniques in nearly two decades.

Last month, Bellevue confirmed a new gold discovery from recent drill results at the Bellevue Gold Project.

READ: Bellevue Gold confirms deep gold discovery at WA project

Named the Viago lode, the discovery is directly below Bellevue’s underground workings and was defined by scout diamond drilling for 800 metres of strike and remains open.

An exceptional intersection was recorded, hitting 4.3 metres at 58.8 g/t gold from 575.5 metres.

The result is reminiscent of the high-grade bonanza ore shoots at the historical Bellevue mine in geology, grades and width.

READ: Bellevue Gold accelerates drilling at high-grade underground lode Viago

The company is now accelerating its diamond drilling efforts at the new Viago lode discovery.

A second diamond rig has been added to the drilling program for the 800-metre shear strike, with a third rig to come on board next month.

3 x diamond drill rigs currently drilling onsite

Bellevue executive director Steve Parsons said: “Attention of the exploration team has now shifted to defining an initial resource at the exciting Viago discovery and with the addition of two more drill rigs at the Bellevue Gold Project.

“We intend to hit the Viago lode hard over the next couple of months, hoping to build on the recently announced maiden resource inventory at the project in rapid time.”

READ: Bellevue Gold reveals maiden high-grade resource of 500,000 gold ounces

In early August 2018, Bellevue revealed a high-grade maiden resource of 1.9 million tonnes at 8.2 g/t gold for 500,000 ounces at its Bellevue Gold Project.

The resource estimate extends from surface with >90% of the reported resource from surface and within the top 450 metres.

Project camp

The company has achieved the rapid delineation of the maiden resource in only eight months since the first drill holes at the Tribune Lode discovery.

It is worth noting that the resource is located on a granted mining license and in very close proximity to the historical underground mine development and infrastructure.

Moreover, there is significant scope for quick expansion both along strike and at depth with ongoing drilling throughout the remainder of 2018.

View full BGL profile View Profile

Bellevue Gold Ltd Timeline

Related Articles

drill intersection
October 02 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.
September 27 2018
Vanadium has outperformed the market significantly over the past three years, and Anglo Pacific is benefittng
St George drills up nickel
October 08 2018
The company is addressing UK investors this week and Australian nickel market players later this month.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use