Bellevue Gold Drills Potential Beyond Feasibility Study

THE DRILL SERGEANT: As Bellevue Gold (ASX: BGL) managing director Steve Parsons was striding towards the podium for his address at the 2021 Diggers & Dealers forum in Kalgoorlie, the company released high-grade infill and extensional drilling results from its eponymous gold project.

Bellevue Gold recently released a global Resource upgrade of 3 million ounces at 9.9 grams per tonne gold, including 1.4 million ounces at 11g/t gold of Indicated Resources, which the company expects to form the basis of the Stage 2 Feasibility Study scheduled for release in coming weeks.

Bellevue said the latest drilling highlighted potential to increase the Resource and mine life at the project beyond the imminent Stage 2 Feasibility Study.

The results come from infill and extension drilling and sit outside the current Resource/Reserve model.

They include intersections from the Armand Lode, which is not included in the current Resource and outside of the Stage 2 Feasibility Study.

Drilling continues from surface with recent results including:

DRDD720W1
7.5m at 53.3g/t gold from 348.2m, including 4.1m at 91.6g/t gold from 348.2m;

DRDD561
2.0m at 21.5g/t gold from 363.6m; and

DRDD573
2.5m at 20.2g/t gold from 458.2m and 4.5m at 3.8g/t gold from 473.5m.

Further grade control drilling on the Tribune lode returned strong results, including:

DRRC516
8m at 21.4g/t gold from 122m;

DRRC497
2m at 48.5g/t gold from 104m;

DRRC490
2m at 37.1g/t gold from 51m;

DRRC473
5m at 14.0g/t gold from 79m;

DRDD713
3.5m at 15.8g/t gold from 109.3m;

DRRC486
12m at 4.5g/t gold from 80m;

DRDD706A
2.2m at 23.4g/t gold from 150.8m;

DRRC511
4m at 12.9g/t gold from 101m; and

DRDD702
3.6m at 13.6g/t gold from 88m.

“These results show that Bellevue is still very much a come-growth stock,” Bellevue Gold managing director Steve Parsons said in the company’s ASX announcement.

“The upcoming Stage 2 Feasibility Study is designed to demonstrate that Bellevue can generate further increases in forecast production and cashflow.

“We will aim to achieve this by increasing the processing capacity by 33 per cent to one million tonnes per annum and including the recently released 1.4 million ounces at 11 grams per tonne gold Indicated Resource.

“At the same time, we aim to create further value for shareholders by growing the total Resource and mine life.

“These latest results, which are expected to form part of a Resource update to be published after the Stage 2 Feasibility Study, show that this strategy is well on track.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investors@bellevuegold.com.au

 

Web: www.bellevuegold.com.au