THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) rattled the tent on Day One of the Diggers & Dealers Forum in Kalgoorlie after releasing drilling results it claims to have confirmed the recent 800 metre strike length discovery at the company’s Bellevue gold project in Western Australia.
Bellevue Gold encountered an intersect of 4.3 metres at 58.8 grams per tonne gold in the Tribune Footwall directly below the Bellevue underground workings.
Bellevue Gold has named the discovery the Viago Lode (Viago Shear Zone) that has been defined by scout diamond drilling for 800 metres of strike and remains open.
The company said it considers the latest drill result as highly significant given the exceptional tenor of mineralisation and the wide spacings of the current drill grid (approx. 240 metres).
Bellevue described the result as reminiscent of the high-grade bonanza ore shoots at the historical Bellevue mine in geology, grades and width.
“We are very pleased with how this new discovery continues to firm up, with the latest drill result confirming the Viago Lode to be another significant discovery for the company,” Bellevue Gold executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.
“To have intercepted visible gold mineralisation in all but a single hole with scout drilling over 800 metres of strike length is quite exceptional and now with the receipt of this latest bonanza grade intersection the potential of the Viago Lode is starting to become clear.
“To have a second, high-grade gold discovery in such a short period of time points to the quality of the Bellevue Lode system.
“We are very excited to add another drill rig and anticipate we will upgrade the recent maiden resource estimate in Q4 of this year.”