Proactive Investors - Run By Investors For Investors

Bellevue Gold extends high-grade strike at Viago and Tribune gold lodes within Bellevue Project

The company has about $27 million in cash to maintain its ongoing drilling campaign throughout 2019, with a resource upgrade expected in the second quarter of 2019 to increase the current 1,530,000 ounces at 11.8 g/t gold estimate.
Bellevue Gold extends high-grade strike at Viago and Tribune gold lodes within Bellevue Project
The project is 400 kilometres northwest of Kalgoorlie

Bellevue Gold Ltd (ASX:BGL) has substantially extended high-grade strike extensions at the Viago and Tribune gold lodes in first-pass step-out drilling within its Bellevue Gold Project in WA.

Drilling has confirmed the high-grade gold mineralisation remains open with the four diamond drill rigs having moved from resource drilling at Bellevue Surrounds to focus on step-out drilling at Viago and Tribune.



READ: Bellevue Gold secures $20 million in new funding for gold project

Bellevue Gold managing director Steve Parsons said: “Since the latest resource estimate upgrade at the Bellevue Surrounds in January the drill rigs have moved from Bellevue Surrounds resource area and have commenced step-out extensional drilling at the Viago, Tribune and Bellevue lodes.

“We are extremely excited by this latest round of first pass step-out drill holes that confirm both Viago and Tribune lodes extend a significant distance both north and south and that the high-grade mineralisation remains open.

“The discovery of the Viago Lode continuing to the north is extremely encouraging and we are looking forward to the next phase of drilling that will infill and target the high priority downhole electromagnetic (DHEM) conductors in this new mineralised area.

“There is a startling resemblance of the Viago North drilling to the initial drilling at the Viago discovery prior to the later infill drilling and drill testing of high tenor DHEM conductors.”

READ: Bellevue Gold substantial holder Bank of Novia Scotia increases stake to 12.27%

Best drill results at the Tribune Extension include 6 metres at 24.9 g/t gold and 6.5 metres at 22.2 g/t gold.

Results at Viago North new discovery returned 2.6 metres at 15.4 g/t and 2.4 metres at 15.5 g/t and the Viago extension recorded 4 metres at 14.8 g/t and 1.7 metres at 34.6 g/t.

Parsons added: “We are continuing with four diamond core drill rigs at site to target high priority DHEM targets at Viago North, resource definition as well as further step-out extension drilling at the Tribune, Viago and Bellevue lodes.

“The company expects to update the Bellevue project resource estimate in the second quarter this year with ongoing drill results continuing to confirm that the Bellevue Gold Project is a globally significant high-grade gold discovery.”



Four diamond drill rigs are operating on double shift at the project and is focused on drilling out the multiple new lodes as well as the continuation of the Viago and Tribune lodes in the Bellevue hanging wall.

The company has planned about 20,000 metres of drilling in the near term to update the resource estimate in this area using three of the rigs.

The other drill rig will be dedicated to further step-out extension drilling to the south and north of Viago following up new high priority targets identified by DHEM surveys and the updated geological structural targeting.

View full BGL profile View Profile

Bellevue Gold Ltd Timeline

Related Articles

A 3D model of Black Rock Mining’s flagship project in Tanzania
April 17 2019
The company is aiming to start production of graphite from its Tanzanian project in 2020.
electric car charging
April 09 2019
The Vancouver-based junior company has a unique business model that has the potential to disrupt a $6 billion market dominated by Chinese production
A map of Torrens ground's proximity to high-profile mining deposits in the Olympic Dam province
April 04 2019
The company holds the Torrens project with Aeris Resources, a copper producer at the Tritton operations in NSW.

© Proactive Investors 2019

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