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Bellevue Gold Ltd.

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Summary

Project:

Bellevue

Deposit:Bellevue
Location:Australia
Commodities:Gold
Date:7/7/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-7-2020: Bellevue Gold Ltd. announces a Resource Estimation report for its Bellevue deposit at the Bellevue project. Upgraded Mineral Resource Estimate for Project. Bellevue Gold (ASX: BGL) is pleased to announce a maiden Indicated Resource of 860,000oz
Resources:(Resources, I+I): 7.03Mt @ 10.0g/t Au (2.26Moz Au)
CP/QP:[Resource] Brian Wolfe (IRS International Solutions Pty Ltd.)
ABSTRACT:Bellevue Gold (ASX: BGL) is pleased to announce a maiden Indicated Resource of 860,000oz at 11.6g/t gold at its Bellevue Gold Project in West Australia. The Indicated Resource forms part of Bellevue’s total 2.3Moz global Resource at 10g/t (860,000oz at 11.6g/t Indicated and 1.4Moz at 9.2g/t Inferred). A total of 240,000m of diamond drilling has now been completed at the Project, infilling selected areas of the previous 80m x 80m drill grid on which the Inferred Resources were based, to 40m x 20m and 40m x 40m drill spacing and in places a closer drill spacing. All drilling has been conducted as diamond core from surface. Included in the Indicated Resource is a spectacular higher-grade core of mineralisation including 480,000 ounces at 15.5g/t gold Indicated hosted in the Viago and Deacon Main Resource areas. This mineralisation is within a few hundred metres of existing development and contains consistent high-grade high sulphide mineralisation that will be targeted in the early mine life at the project.

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