Draig Resources Hits New High-Grade Zone at Bellevue

THE DRILL SERGEANT: Draig Resources reported results of the completion of the first deeper drill hole carried out at he company’s Bellevue gold project in Western Australia.

Draig Resources explained the drilling had been designed to test an area at the project known as the ‘Gap’ targeting the offset and extension of the historic high-grade Bellevue Lode position.

The drilling, targeting the Bellevue underground mine extension, intersected a new high-grade mineralised gold zone. Results include:

3.4 metres at 10.4 grams per tonne gold from 576.2m within 4.3m at 8.8g/t gold from 575.3m downhole and 5.9m below the main zone and a secondary zone of 0.3m at 44.4g/t gold from 584.3m.

Draig said the results are similar in widths and style of mineralisation to the historical Bellevue mine.

“The company is very excited with this initial drill hole and the high-grade gold mineralisation that has been intercepted,” Draig Resources executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The drill hole was designed to test the potential of the offset and extension of the Bellevue Lode which historically produced 800,000 ounces at 15 grams per tonne gold down to only 450 metres below surface.

“The new mineralised intercept is only 500 metres below surface and is located 190 metres west of the southern extent of previous underground mine workings.

“The company is highly encouraged by the observed style of mineralisation and grade tenor in the hole, and the significance of the mineralised gold zone is currently being assessed by the technical team.

“The company will now undertake a broad spaced step out drill program within the 1200 metres of untested strike potential of the Tribune Footwall known as the ‘Gap’.”


Email: admin@draigresources.com

Website: www.draigresources.com