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Bellevue Gold Ltd.

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Summary

Project:

Bellevue

Deposit:Deacon
Location:Australia
Commodities:Gold
Date:5/27/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-5-2020: Bellevue Gold Ltd. announces an Exploration/Drilling Update report for its Deacon deposit at the Bellevue project. Drilling results incl. 0.3m @ 1,169.1g/t Au from 100m. Bellevue Gold Limited (ASX: BGL) is pleased to announce a host of exceptio
Resources:(Resources, Inf.): 1.0Mt @ 12.3g/t Au (0.41Moz Au) at Deacon
CP/QP:[Reserve] n/a (n/a)
ABSTRACT:Bellevue Gold Limited (ASX: BGL) is pleased to announce a host of exceptional infill drilling results which will help underpin the upcoming maiden Indicated Resource at its Bellevue Gold Project in Western Australia. The results include exceptionally high-grade intersections from the Deacon lode, where the Inferred Resource stands at 410,000oz at 12.3 g/t gold1 . This is part of the total Inferred Resource at Bellevue of 2.2Moz at 11.3 g/t gold. 1 Bellevue Managing Director Steve Parsons said the latest results highlighted the quality of the Bellevue mineralisation. “The extremely high grades and the continuity of the mineralisation augur very well for both the upcoming Resource upgrade and the project’s economics,” Mr Parsons said. “The Deacon lode is emerging as a repeat of the adjacent Bellevue deposit, which was well-known for its extensive high-grade mineralisation. “The mineralisation at Deacon is also characterised by consistent free visible gold and high pyrrhotite percentages.” Mr Parsons said operational activity on site continues at pace, with the dewatering of the existing underground mine proceeding to plan and initial inspections used to determine the refurbishment required to regain access for drilling and eventual development highly encouraging. Geotechnical, metallurgical and mining studies are also well underway.

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