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Bellevue Gold in trading halt to respond to takeover speculation

The company’s flagship asset is its 1.53-million-ounce Bellevue Gold Project in Western Australia.

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The project’s resource is very high-grade at 11.8 g/t gold

Bellevue Gold Ltd (ASX:BGL) has been granted a trading halt pending a response to media speculation regarding a potential acquisition.

Shares in the company will remain halted until the earlier of either the release of the response, or, the commencement of trade tomorrow.

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

Bellevue is drilling at its flagship Bellevue Gold Project with the goal of upgrading the JORC Inferred resource of 1.53 million ounces grading 11.8 g/t gold.

Shares have more than doubled over the past 12 months, last trading at 51 cents before being halted.

Quick facts: Bellevue Gold Ltd

Price: 0.475 AUD

ASX:BGL
Market: ASX
Market Cap: $270.71 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...

on 11/7/19

2 min read