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Bellevue Gold remains focused on enhancing and growing namesake gold project in WA

Published: 14:39 18 Sep 2020 AEST

Bellevue Gold Ltd -
Underground portal works at the Paris pit

Bellevue Gold Ltd (ASX:BGL) is focused on enhancing and growing the golden bounty at its namesake Bellevue Gold Project in Western Australia through development plans and aggressive exploration.

The company has established a three-pronged dual exploration and development strategy comprising investment in low capital underground drill platforms and developing towards high grade areas, ongoing exploration to grow the resource and de-risk the development pathway and lastly a $35 million exploration program.

Key exploration activities

Bellevue’s $35 million budget is set to span across 18 months, focusing on simultaneously increasing the indicated category and growing global resource.

Key activities to increase the indicated resource include:

  • Infill drilling to 40 metre x 40 mere spacing;
  • Grade control drilling to de-risk early stage mine schedule;
  • Two drill rigs;
  • Around 30,000 metres of surface drilling; and
  • Around 30,000 metres of underground drilling.

Exploration drilling to increase the global resource will include:

  • Around 42,000 metres of surface drilling;
  • Around 20,000 metres of underground drilling;
  • Around 5,000 metres of EIS drilling focussing on deeper targets; and
  • 10,000 metres of follow-up to recent Government Well discovery targets.

Part of the $35 million exploration spend will utilise existing infrastructure to accelerate exploration and reduce capital intensity of exploration spend.

Bellevue has stated in its latest investor presentation that around $40 million of development capital will give early access to high-grade areas.

The company’s recent $100 million institutional placement to investors provides flexibility to accelerate development and activities at Bellevue, with a view to finalising economic studies in Q1.

Current development timetable

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