Bellevue Gold Confirms Deacon and Mavis Gold Discoveries

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) declared that recent diamond core drilling outside of the current resource area at the company’s Bellevue gold project in Western Australia has confirmed its latest gold discovery.

Bellevue Gold said the drilling had identified bonanza grade ore shoots at the new Deacon Lode and while confirming a new parallel Lode named Mavis that contains high-grade gold mineralisation.

The recently identified high-grade Deacon & Mavis Lode system sits directly below the historic Bellevue underground mine in an area previously undrilled.

Mineralisation is open up and down dip as well as north and south along strike, which Bellevue claimed to represent, “yet another major ‘resource drill ready’ target for the company”.

Bellevue Gold has received results for 10 holes from a completed 14 holes targeting the Deacon discovery with Bellevue style biotite shearing which was intercepted in all drill holes with quartz sulphide visible gold mineralisation logged in eight of the holes.

Results from the first seven holes include intercepts of:

4.4 metres at 62.4 grams per tonne gold from 692m;

3.6m at 18.3g/t gold from 654.6m, including 2.2m at 27.8g/t gold from 656m and 2.2m at 38g/t gold, including 1.1m at 75.3g/t gold from 654.6m; (Mavis Lode)

1.8m at 5.9g/t gold from 653m;

2m at 4.2g/t gold from 669m and 2.4m at 4.9g/t gold from 676m;

2.5m at 5.1g/t gold from 753m;

2m at 4.9g/t gold from 748m; and

9.5m at 0.5g/t gold from 594.5m. (Deacon Lode – 300m northern step-out hole)

“These recent high-grade drill results and DHEM conductors confirm the presence of very high-grade gold mineralised shoots within the Deacon Lode analogous to the historic Bellevue mine and our Viago discovery,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“It is important to note, the current drilling is on very broad centres and the results received for the initial few holes over the 1,400 metres of strike have comparable intersections and scale to the adjacent Bellevue Lode that was mined from 1986 to 1997 and produced 800,000 ounces of gold at 15 grams per tonne.”

Bellevue Gold has drilling continuing at the Bellevue project with six diamond rigs operating on double shift.

A total of three rigs are currently testing the new high-grade Deacon and Mavis discoveries and also following up on resource step-out targets.

The remaining three drill rigs have commenced infill on shallow areas to upgrade the resource category.