The September quarter got off to a strong start with a resource upgrade in July, incorporating the Viago North and Tribune North strike extensions into the Bellevue Hangingwall.
The upgrade to 1.8 million ounces grading 11.1 g/t gold was a 25% increase in global tonnes and 17% increase in contained metal.
Notably, mineralisation remains open and further expansion drilling is continuing on site with six diamond core drill rigs currently operating.
The resource is split across four areas - Bellevue Surrounds, Viago and Viago North Lode, Tribune and Tribune North Lode, and Southern Belle Lode.
Deacon and Mavis Lodes could grow resource further
Since the resource upgrade, diamond drilling outside the resource area has identified bonanza grades in a new significant shear zone named the Deacon and Mavis Lodes.
These Lode systems sit directly below the historic Bellevue underground mine in an area previously undrilled.
Significant intersections to date include 4.4 metres at 62.4 g/t gold, 3.6 metres at 18.3 g/t gold and 2.2 metres at 38.0 g/t gold.
Infill drilling at Tribune has been progressing well with a total of 21 holes completed on 40x20-metre centres.
Drilling has consistently intersected the Tribune Shear Zone at the anticipated horizon and has returned a number of visually significant intervals which are currently being logged.
Bellevue was formerly an operating gold mine
High-grade gold was mined at the project at various times for over 100 years at the Bellevue lode through to 1997 when the operation shut down at around 430 metres below surface.
Around 800,000 ounces of gold have been produced at a reported head grade of around 15 g/t from a narrow vein operation.
After the mine closure in 1997, very little modern exploration was completed at the project and Bellevue Gold is undertaking the first systematic exploration at the property in the last 20 years.
The culmination of all-time high AUD gold prices and the discovery of new gold resource surrounding the historical Bellevue underground gold mine has made the company an ASX success story.
This success has led Bellevue to be included in the S&P/ASX 300 Index as of 23 September 2019.