Join our daily newsletter At The Bell to receive exclusive market insights
- Bellevue Gold (BGL) receives encouraging results from control drilling at its namesake project located northwest of Kalgoorlie in WA
- Recent results come from reverse circulation control drilling across a ten-by-ten-metre grid at a section of the project called the Tribune lode
- Two drill rigs operate at Tribune, with diamond grade control drilling underway beneath the planned Tribune open pit
- Assays from the diamond drilling are pending as BGL prioritises drilling at the Marceline and Deacon North lodes ahead of a stage two feasibility study
- Shares are trading 1.2 per cent higher at 84 cents apiece
Bellevue Gold (BGL) has received encouraging results from control drilling at its namesake project located northwest of Kalgoorlie in WA.
The Bellevue Gold Project sits within a high-grade gold and nickel district on the prolific Wiluna-Norseman gold belt.
The company is focussed on de-risking the project through underground development, underground drilling and grade control drilling, while continuing resource growth drilling from both surface and underground in an attempt to grow the global resources and reserves.
The most recent results come from reverse circulation control drilling across a ten-by-ten-metre grid at a section of the project called the Tribune lode.
Results from the first 34 holes have been received with intersections grading up to 176.6 grams per tonne (g/t) of gold.
Other intersections included two metres at 48.9 g/t from 20 metres and five metres at 31.7 g/t from 43 metres.
Managing Director Steve Parsons said the latest results provide evidence that the mineralisation at the project is high grade and continuous.
“The continuity is highly valuable because it helps underpin the de-risking and the successful development of the project,” he explained.
Two rigs are operating on grade control at Tribune, one is dedicated to the open pit areas while the other is at the early underground development areas.
Beneath the planned Tribune open pit, diamond grade control drilling is underway which the company said is consistently intersecting the lode at the expected position.
Assays from this diamond drilling are pending as the company is prioritising drilling at the Marceline and Deacon North lodes ahead of a stage two feasibility study.
Step-out and infill drilling is continuing at both the Marceline and Deacon North lodes, with four surface rigs and two underground rigs targeting further resource growth.
Further, the company said underground development is continuing ahead of schedule with more than two kilometres of development complete.
Shares were trading 1.2 per cent higher at 84 cents apiece at 12:01pm AEST.
