- Bellevue Gold (BGL) announces results following infill drilling at its namesake project in Western Australia
- Drilling returned “exceptionally” high-grade gold intersects, surpassing the reserve grade of six g/t gold
- Downhole intersects included 18.4 metres at 52.9 g/t gold, 10.2 metres at 61.1 g/t gold and 11.7 metres at 47.9 g/t gold
- The company remains on track to deliver gold production in December 2023 quarter
- Bellevue Gold is trading up 1.71 per cent, trading at $1.49 at 1:59 pm AEST
Bellevue Gold (BGL) has announced results following infill drilling at its namesake project in Western Australia.
Drilling returned “exceptionally” high-grade gold intersects, surpassing the reserve grade of six grams per tonne (g/t) gold.
The infill drilling uncovered high grades at both the Bellevue South and the Armand Main areas.
Downhole intersects included 18.4 metres at 52.9 g/t gold, 10.2 metres at 61.1 g/t gold and 11.7 metres at 47.9 g/t gold.
Other hits included 10.4 metres at 36.9 g/t gold, 8.1 metres at 32.9 g/t gold and 1.9 metres at 99.2 g/t gold.
Bellevue believes the results have underscored the strength of its early production profile.
“The grades are well above those in the reserve estimation and demonstrate why we are very confident about meeting our key targets as we move into production,” BGL Managing Director Darren Stralow said.
Meanwhile, the company announced mining progress at the Bellevue underground is on schedule, with the Upper Armand work area now operational.
The second mining area, Bellevue South, has also been reached, and ore driving has begun. High-grade development ore has been intersected as expected, contributing to the production schedule for FY2024.
Furthermore, exploration drilling outside the resource at Armand Main has identified a new easterly dipping discovery with encouraging mineralisation results, highlighting potential for further resource expansion.
Bellevue Gold was trading up 1.71 per cent, trading at $1.49 at 1:59 pm AEST.