Bellevue Gold Returns Further High-Grade Gold Hits

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) is beavering away at the company’s Bellevue gold project in Western Australia.

Bellevue Gold has a total of eight rigs are currently operating after an additional two further rigs were added to the fleet to drill through to the end of the year.

The company said the drilling is targeting exploration step out at the new Deacon & Mavis Discoveries and to infill areas to upgrade the resource category at the other target areas which currently form the current resource of 1.8 million ounces at 11.1 grams per tonne gold of Inferred category resources.

High-grade gold drill results have continued to flow from ongoing diamond core from infill drilling at the Tribune and Viago Lodes.

Shallow infill drilling the company has completed at Tribune Lode in the top 200 metres from surface has consistently intersected the Lode as expected with numerous high-grade gold results reinforcing the current inferred resource model.

A large portion of the current Tribune Lode inferred resource has now been infilled to 40m by 20m spacing, aimed at increasing the confidence level of the resource to be updated in 2020.

Results include:

9.6 metres at 14.1 grams per tonne gold from 107.9m;

3m at 33g/t gold from 162m;

1.9m at 29.3g/t gold from 58m;

5.2m at 5.4g/t gold from 203m; and

0.6m at 273.5g/t gold from 155m.

Bellevue has also commenced infill drilling at the Viago Lode with drilling to continue over the coming months ready for conversion to a higher resource confidence level in 2020.

Results include

0.7m at 74.8g/t gold from 590.4m;

5m at 11.1g/t gold from 606m; and

3m at 19.8g/t gold from 580.5m.

The company’s infill diamond core drilling program is now underway at the Viago, Bellevue South and Vlad Lodes with two rigs currently operating.

Bellevue has allocated additional resources to the Deacon and Mavis discovery with six rigs targeting step out expansion drilling as well as targeting a number of high-priority off-hole DHEM conductors during the remainder of Q4 2019.

Several new visual drill core intersections have been reported with visible gold from Deacon & Mavis Lodes drilling.

Results expected to be received in the coming weeks.

“Around 35 per cent of the infill drill program has now been completed and we anticipate making significant progress by the end of Quarter one 2020,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Infill drill results continue to demonstrate the quality and high-grade of the Bellevue mineralised gold system.

“The company has also sourced a further two diamond core drill rigs to operate through until the end of 2019 to allow the assessment of what looks like a very large and significant target at the Deacon and Mavis Lodes discovery.

“We now have six drill rigs operating over 1.8 kilometres of strike on this new discovery taking the total rigs to eight on site.

“We are very excited by what we are seeing at the Deacon & Mavis discovery and intend to update the market as further results become available.”