viewBellevue Gold Ltd

Bellevue Gold identifies new high-grade gold targets at namesake WA project

The company expects to update the Bellevue inferred resource estimate, which is 1.53 million ounces at 11.8 g/t gold, later this quarter.

Project overview
The project is 400 kilometres northwest of Kalgoorlie within a high-grade gold and nickel district

Bellevue Gold Ltd (ASX:BGL) has identified three high-grade gold target areas along strike of the Bellevue gold deposit at its namesake project near Kalgoorlie in Western Australia’s Goldfields.

Work has been ongoing, developing targets towards initial drill testing through a combination of low-cost exploration including mapping, rock chipping and data review of multiple historical data sets.

The Bellevue North-West, Bellevue West and Government Well target areas contain multiple walk-up drill targets and all sit within 20 kilometres of the Bellevue deposit.

READ: Bellevue Gold’s exploration demonstrates further growth potential: Canaccord Genuity

Bellevue Gold managing director Steve Parsons said: “In tandem with the company’s resource step out and extension drilling that is ongoing at the high-grade Bellevue deposit the company has commenced a significant near-mine exploration targeting program over the past few months focused on developing multiple, high-grade targets along strike of the high-grade discovery at Bellevue.

“Bellevue Gold’s land package includes 18 kilometres of strike potential of the Bellevue gold trend as well as a significant area outside the immediate Bellevue mine that remains highly prospective for repeats and satellite ore bodies of which this latest work has focused on getting these targets into a drill-ready state.

“Excitingly the mineralisation styles and high-grade nature of the identified near mine targets exhibit strong similarities to those observed at the globally significant Bellevue gold deposit.

“With four diamond core drill rigs focused on delivering an update to the resource estimate in the second quarter this year, the recently identified targets will be subjected to further exploration through a combination of surface and geophysical exploration ahead of initial drill testing in the very near term.”

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

Historical shallow broad spaced drill results for follow-up include:

  • 2 metres at 19.7 g/t gold from 32 metres; and
  • 2 metres at 22.8 g/t from 8 metres.

High-grade rock chip results include 102 g/t, 87.6 g/t and 40 g/t.

The current exploration focus is on supporting the four diamond rigs drilling extensions to the Tribune, Viago and Bellevue lodes with follow-up drilling for the near mine exploration targets proposed to begin once regulatory approvals have been put in place.

Near mine work for the coming quarter will be focused on improving drill targeting through follow-up mapping, rock chipping, surface geochemical sampling and geophysical programs ahead of drilling.

Quick facts: Bellevue Gold Ltd

Price: 0.965 AUD

Market: ASX
Market Cap: $660.59 m

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