THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) reported a sizeable high-grade gold hit achieved more than seven kilometres from the company’s Bellevue gold project in Western Australia.
Bellevue Gold completed a four-hole reverse circulation drill program at the Government Well prospect, which although being 7.4 kilometres away is part of the Bellevue gold project.
Government Well is the first target Bellevue has tested within 20km of the under-explored regional Bellevue Trend.
The target was previously rock chipped by Bellevue Gold returning results up to 32 grams per tonne gold from outcropping veins as well as a Sub Audio Magnetic (SAM) survey completed at the prospect in 2019.
The company’s first pass program drilling has focussed on the central 500m of the Government Well prospect, which has been defined over 1.2km by field mapping, following up on previous shallow drilling that had intersected two zones of quartz veining.
The recent drilling encountered two high-grade gold intervals of:
3 metres at 9.7 grams per tonne gold from 19m; and 3m at 11.6g/t gold from 33m within an overall interval of 17m @ 4.2 g/t gold.
Drill hole DRRC217 was collared 180m to the south of DRRC214 and about 20m down dip of the historical drilling and results are still pending for this drillhole.
Bellevue noted DRRC217 intersected pyrite quartz veining with visible gold observed in chips over 1m from 54m.
Follow up diamond drilling is planned at the prospect to determine whether the shallow pyrite is reflective of retrograde pyrhotite mineralisation suitable for targeting with DHEM as is the case at Bellevue or whether it reflects a new mineralisation style at the project.
“This result supports our view that there is huge scope to grow the inventory at Bellevue,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.
“The Bellevue Gold Mine sits within a 20 kilometres-long mineralised corridor which has been subjected to very limited exploration.
“The drilling at Government Well represents our first foray away from the mine area and given the strength of this result, we will conduct follow-up drilling at the first opportunity.”
In concert with the exploration drilling, Bellevue Gold is finalising its upcoming maiden Indicated Resource at Bellevue, where the Inferred Resource currently stands at 2.2 million ounces at 11.3g/t gold, and has initiated economic studies on the project.