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Bellevue Gold Ltd.
Summary
| Project: | Bellevue | |
|---|---|---|
| Deposit: | Deacon Lode, Viago Lode, Tribune Load | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-8-2019: Bellevue Gold Ltd. announces an Exploration/Drilling Update report for its Deacon Lode, Viago Lode, Tribune Load deposit at the Bellevue project. Drilling results incl. 3.6m @ 18.3g/t Au from 654.6m. Bellevue Gold Limited (ASX: BGL) is pleased t | |
| Resources: | (Resource, Inf.): 5.0Mt @ 11.1g/t Au for 1.8Moz Au contained | |
| CP/QP: | [Overall Report]: Sam Brooks (Internal) | |
| ABSTRACT: | Bellevue Gold Limited (ASX: BGL) is pleased to announce the first assay results from the major new target area identified in the foot wall to the Bellevue Mine. The new discovery has been named the Deacon Lode and is located offset around 400 metres to the east of the base of the historic Bellevue underground mine. Exploration drilling has been conducted on 200 – 240 metre spaced drill lines with only a single hole completed on each of the sections from 550 metres depth from surface to about 750 metres below surface. A total of 8 holes have been drilled so far with results received for the first 7 holes. Bellevue style biotite shearing was intercepted in all drillholes with quartz sulphide +- visible gold mineralisation logged in 6 of the holes. Managing Director Mr Steve Parsons commented: “The discovery of offset mineralisation in the Bellevue footwall below the historic Bellevue underground workings represents a major milestone in exploration at the Bellevue Gold Project. The recent drilling has opened up exploration below the Bellevue mine and confirms the Bellevue system is alive below the limit of the historic mine. The strike rate on this first pass broad centres is similar to that at the Bellevue Mine when considered on 200 metre drill spacings and the tenor and size of the DHEM plates is very similar to the historic mine. This new discovery despite being offset ~400 metres from the base of the old mine the exploration team believes the recent drilling reflects the likely continuation of the Bellevue shear lode system beneath the old mine. Following the recent capital raising the company is fully funded to continue with our strategy to continue to expand the extents of the mineralised system in combination with starting to increase confidence in the current 1.8 Million oz Inferred resource estimate. With 6 x diamond core drill rigs operating at the project the company anticipates significant newsflow over the next 6 – 12 months.” | |
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