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Bellevue Gold Ltd.
Summary
| Project: | Bellevue | |
|---|---|---|
| Deposit: | Bellevue, Viago | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-10-2018: Bellevue Gold Ltd. announces a Resource Estimation report for its Bellevue, Viago deposit at the Bellevue project. Updated mineral resource estimate at the project. Bellevue Gold Limited (ASX: BGL) is pleased to update the independent Inferred | |
| Resources: | (Resource, Inf.): 2.6Mt @ 12.3g/t Au for 1.040Moz Au contained | |
| CP/QP: | [Resources]: Brian Wolfe (Independent) | |
| ABSTRACT: | Bellevue Gold Limited (ASX: BGL) is pleased to update the independent Inferred resource estimate for the Bellevue Gold Project which includes the maiden resource estimate for the very high-grade Viago Lode. Executive Director Mr Steve Parsons commented: “The company is pleased to report the interim resource statement at the Viago deposit which has demonstrated to be a high-quality discovery of exceptional gold grade. The global resource base has now increased to over a million ounces at an impressive 12.3 g/t gold in less than 12 months since we commenced drilling at the Bellevue Project. As the geological understanding of this very high-grade gold system increases we have numerous high priority targets to progress to expand the current resource inventory and we intend to continue exploration drilling targeting for resource expansion. We look forward to keeping the market informed of progress of this exciting discovery as exploration progresses and we move towards an updated resource estimate in the first quarter of 2019.” Bellevue Gold Limited is pleased to report a resource upgrade at the Bellevue Gold Project, Western Australia. The upgraded resource contains the maiden estimate for the recently discovered Viago Lode over a total strike length of 700 metres. All metal reported from the Viago Lode is between 470 metres and 590 metres from surface. The Viago Lode is located less than 150 metres from the historic Bellevue underground workings. Resource estimates for the previously reported deposits/lodes of the Bellevue project have not been updated from the previous estimate and are included in the global resource reported here. The change in reported tonnage and grade is derived solely from the inclusion of the Viago Lode into the resource inventory. The upgraded global resource is a material increase on the maiden resource reported on the 01/08/2018 containing 1.9Mt @ 8.2 g/t for 500,000 ounces2 (Inferred category). The company views the current resource statement as an interim resource with resource expansion drilling set to continue through Q4 2018 and Q1 2019 with two diamond rigs operating. | |
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