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Bellevue Gold drill results reveal multiple gold extensions

The positive results will feed into an updated resource estimate due in the March quarter 2019.

diamond drill rig
Drilling continues with 4 rigs in operation, more assays remain pending

Bellevue Gold Ltd (ASX:BGL) has received assay results from 11 diamond drill holes at its flagship 1.04 million ounce Bellevue Gold Project in Western Australia. 

Drilling was targeting previously unmined gold mineralisation around and along strike of the historic Bellevue mine underground workings, known as the Bellevue Surrounds.

Multiple new unmined high-grade gold lodes were intersected with highlights featuring 2.4 metres at 26.1 g/t gold and 3.9 metres at 16.0 g/t gold.

Notably, drill results confirm that the Bellevue Lode extends a further 230 metres to the south of historic underground workings and remains open.

READ: Bellevue Gold has major shareholder Bank of Nova Scotia increase stake

Bellevue’s managing director Steve Parsons said: “The results from the recent drilling at the historic Bellevue underground mine area as well as mineralised extensions immediately to the south of the underground workings have confirmed the company’s view that there is significant amount of high-grade gold mineralisation remaining in and around the historic Bellevue underground area, known as the Bellevue Surrounds.

“This remaining gold mineralisation is in close proximity to existing underground development infrastructure (currently flooded).

JORC resource estimate being prepared for Bellevue Surrounds

“Resource estimation work is now underway on the Bellevue Surrounds mineralised area which we expect to be able to bring into resource category in early first quarter 2019 and add to the global inferred resource estimate for the Bellevue Gold Project which currently stands at 1.04 million ounces gold at 12.3 g/t gold.

Drilling continues with four rigs operating at Viago Lode

“In the meantime, four diamond core drill rigs have now turned to extending the Viago Lode southwards and targeting extensions of the Bellevue Mineralised Shear Zone.

“There are also a number of exciting targets we are following up and look forward to updating the market further on these over coming weeks.”

Quick facts: Bellevue Gold Ltd

Price: 0.54 AUD

ASX:BGL
Market: ASX
Market Cap: $307.62 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...

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