Bellevue Gold Ready to Start Calculating Indicated Resource

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) completed its first phase of infill drilling at the company’s Bellevue gold project in Western Australia.

Bellevue Gold has completed a total of 94,000 metres of infill drilling at the project that it says has typically supported the existing Inferred Resource model and defined higher-grade shoots within the lode positions, analogous to the historic Bellevue mine.

The company declared it is well on track to publish a maiden Indicated Resource in the June quarter, 2020.

Bellevue currently has an Inferred Resource of 2.2 million ounces at 11.3 grams per tonne gold and the company indicated it expects the drilling, which was designed to upgrade the shallow resource areas and selected deeper lodes to the Indicated category, will result in an upgraded Resource being released once all assays have been received and resource modelling has been completed by an independent consultant.

The Indicated Resource will enable Bellevue to start economic studies and will be supplemented by subsequent infill drilling in other areas.

“With this key drilling program now completed, we can move to finalising a maiden Indicated Resource, which will in turn underpin economic studies,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The infill drilling has demonstrated the excellent continuity of gold mineralisation as well as robust grades and widths.

“Now we have completed the first phase of infill drilling ready for the maiden Indicated Resource, two rigs will remain on site, one focused on resource growth and one on further indicated drilling.

“We are also continuing with step-out drilling with the aim of growing the global resource at Bellevue and we plan to drill two highly promising conductors identified recently at the Deacon lode.”