Bellevue Gold demonstrates continuity of high-grade orebody with successful grade control drilling

Bellevue Gold Ltd (ASX:BGL) (OTCMKTS:BELGF) has received a host of strong grade control drilling results from the southern region of the planned Tribune open pit that demonstrate the continuity of high-grade mineralisation at its Bellevue Gold Project in Western Australia.

Highlights of the grade control drilling program include:

• 5 metres at 76.4 g/t gold from 55 metres including 2 metres at 176.6 g/t;
• 5 metres at 31.7 g/t from 43 metres;
• 5 metres at 30.5 g/t from 28 metres;
• 2 metres at 48.9 g/t from 20 metres;
• 5 metres at 17.1 g/t from 52 metres;
• 3 metres at 24.8 g/t from 42 metres;
• 5 metres at 14.5 g/t from 27 metres; and
• 5 metres at 12.5 g/t from 35 metres.

“De-risking project development”

The results demonstrate the excellent continuity of the high-grade mineralisation at Bellevue and further de-risk the project as well as reinforcing the robustness of the resource within the planned open pit development at Bellevue.

Bellevue managing director Steve Parsons said: “These results provide more firm evidence that not only is the Bellevue mineralisation exceptionally high grade, but it also exhibits strong continuity.

“Whilst expected, the continuity is highly valuable because it helps underpin the de-risking and the successful development of the project.”

Long section looking east showing the area of the reported grade control RC drilling.

Looking forward

Bellevue now has two rigs exclusively drilling grade control at Tribune, one of which is dedicated to the open pit areas and the other to the early underground development areas.

Assays for the Tribune diamond drilling are pending due to the prioritisation of Marceline and Deacon North drilling ahead of the Stage 2 Feasibility Study.

In addition, step-out and infill drilling is ongoing at both the Marceline and Deacon North lodes with four surface rigs and two underground rigs targeting further resource growth.

Underground development continues ahead of schedule with more than 2 kilometres of development completed.

The Armand and Marceline declines are currently being accessed in conjunction with the rehabilitation of the existing decline.

Shares have been as much as 5.5% higher to A$0.975 while the company’s market cap was approximately A$710.7 million pre-open.

Story by ProactiveInvestors