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Bellevue Gold enters trading halt ahead of capital raising

Earlier this month, the company increased the gold resource at its Bellevue Gold Project in Western Australia.

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Further resource upgrade slated for the second quarter

Bellevue Gold Ltd (ASX:BGL) has been granted a trading halt by the ASX this morning pending the release of information regarding a capital raising.

Shares in the company will remain halted until the earlier of, either the release of relevant information, or the commencement of trading on Friday 22 February 2019.

READ: Bellevue Gold increases gold deposit to over 1.5 million ounces, shares rise

Earlier this month, the company increased the JORC resource at its Bellevue Gold Project in Western Australia by 47% to 1.53 million ounces grading 11.8 g/t gold.

The upgrade is the result of drilling completed in the December quarter to extend mineralisation of the Bellevue Lode and mineralisation adjacent the underground workings.

 

The drilling at Bellevue Gold Project is ongoing and a further resource upgrade is slated for the second quarter.

Quick facts: Bellevue Gold Ltd

Price: 0.965 AUD

ASX:BGL
Market: ASX
Market Cap: $660.59 m
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