Bellevue Gold Identifies New Near-Mine Gold Targets

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) updated the market on regional exploration activities underway within 20 kilometres of the company’s Bellevue gold deposit in Western Australia.

Bellevue Gold has been busy, developing targets towards initial drill testing implementing a combination of low-cost exploration including mapping, rock chipping and data review of multiple historic data sets.

The company has identified three high-grade gold target areas within the Agnew-Wiluna Greenstone Belt to the immediate north and west of its gold discovery at Bellevue.

The targets include the Government Well prospect, a four-kilometre-long gold trend the company defined by mapping, rock chipping and looking at historical drilling.

Recent rock chip results recorded results of 40 grams per tonne gold, 31.8g/t gold and 31.9 g/t gold.

There has been limited historic drilling undertaken at Government Well, however historical shallow drill results include 2 metres at 19.7g/t gold from 32 m; and 2m at 22.8g/t gold from 8 m.

Recent rock chip results from the Bellevue North West prospect returned 102g/t gold.

There has also been multiple, undrilled, Bellevue Style mineralised veins identified that are ready for drill testing.

Bellevue North West is 1.6km along strike from the recent high-grade drill intercept the company achieved at Tribune Lode of 6.5m at 22.2g/t gold.

The Bellevue West prospect demonstrates multiple new Bellevue Style mineralised veins to the west of current BGL drilling with initial rock chip results of 4.3g/t and 2.9g/t gold.

There has been over 2km of highly anomalous downhole gold identified in historical drilling with Bellevue Lode style mineralisation observed in historical drill chips.

Wide spaced and shallow historical drill results include: 1m at 4.58g/t gold and 1m at 3.25g/t gold.

“In tandem with the company’s resource step-out and extension drilling that is ongoing at the high-grade Bellevue gold deposit the company has also commenced a significant near-mine exploration targeting program over the past few months that has been focussed on developing multiple, high-grade gold targets along strike of the high-grade gold discovery at Bellevue,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Bellevue Gold’s land package includes eighteen kilometres of strike potential of the Bellevue Gold Trend as well as a significant area outside the immediate Bellevue mine that remains highly prospective for repeats and satellite orebodies of which this latest work has focussed on getting these targets into a drill ready state.

“Excitingly, the mineralisation styles and high-grade nature of the identified near mine targets exhibit strong similarities to those observed at the globally significant Bellevue gold deposit.

“With four diamond core drill rigs focussed on delivering an update to the resource estimate in the second quarter of this year the recently identified targets will be subjected to further exploration through a combination of surface and geophysical exploration ahead of initial drill testing in the very near term.”