Bellevue Gold Hits More High-Grade Gold on Road to Resource Upgrade

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) jumped out of the blocks this morning to announce that extensional and infill exploration drilling at the company’s Bellevue gold project in Western Australia has intersected high-grade mineralisation both outside and within the existing know Resource boundary.

Bellevue Gold’s current drilling approach includes infill drilling to upgrade the Indicated Resource later in the December quarter and the resumption of exploration step out drilling at the project.

Step out drilling at the Deacon Lode has resulted in three new extensions to the known mineralisation.

The recent drilling, up to 200m along strike on the Deacon lode, encountered mineralisation in previously untested locations in the central and northern areas.

Results include:

9.3 metres at 5.8 grams per tonne gold from 757.3m;

1.4m at 63.2g/t gold from 434.9m; and

3.5m at 10.6g/t gold from 387.5m.

Infill drilling undertaken at Deacon North also returned multiple intersections, including:

5.1m at 7.8g/t gold from 626.1m;

1.6m at 89.4g/t gold from 629.5m;

3.7m at 8g/t gold from 636.3m; and

2.5m at 11.5g/t gold from 660m.

Drilling on the Bellevue Lode focussed on targeting high-grade extensions to mineralisation returning intersections from areas away from existing stoping and near underground development.

Results include:

4.6m at 34.8g/t gold from 241.8m;

6.1m at 14.5g/t gold from 457.5m;

3.7m at 26.2g/t gold from 372.3m;

0.7m at 163.2g/t gold from 245.9m; and

3m at 14.5g/t gold from 319.2m.

“We have hit more high-grade mineralisation in previously-untested areas,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“These results extend the known limits of the mineralisation.

“At the same time, our infill drilling continues to return strong results which should help drive an increase in the Indicated Resource.

“This all points to a larger overall mineralised envelope with more gold in the high-confidence Indicated category, which in turn gives us even greater scale while continuing to de-risk the project.”

Bellevue Gold indicated its drilling is on track to deliver a further increase in the Indicated Resource in the December quarter, with Stage Two infill drilling to upgrade more of the Resource, which currently stands at 2.3 million ounces at 10g/t gold (860,000oz at 11.6g/t Indicated and 1.4Moz at 9.2g/t Inferred).