Bellevue Gold will transition to the project development phase at the Bellevue gold project in Western Australia after confirming a high-grade resource.The maiden indicated resource, located in the Viago and Deacon Main resource areas, features a high-grade mineralisation core of 860,000 ounces at 11.6 grams per tonne of gold, as estimated by an independent consultant.Bellevue is anticipating a further increase in the indicated resource in the December quarter, with stage two infill drilling standing at 2.3 million ounces at 10 grams per tonne of gold.Bellevue managing director Steve Parson said the project offered strong potential to increase the company’s inventory.“This indicated resource and the increases to come will underpin the economic studies on the project, which are now well underway,” he said.“Completion of these studies will mark the transition to the project development phase, which we believe will demonstrate the technical and economic strengths which come from having a large, high-grade project with simple metallurgy and access to existing infrastructure in a tier-1 location.“There is also huge potential to continue growing the overall inventory at Bellevue, where the mineralisation remains open in multiple directions and we have numerous well-established targets, some with known mineralisation.“We are confident that the combination of economic and technical studies and resource growth will drive further increases in shareholder value.”Most of the Bellevue gold project’s indicated resource is made up of a high-grade core of 480,000 ounces at 15.5. grams per tonne of gold at the Viago and Deacon lodes.To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Ok Tedi Mining has halted operations in Tabubil, Papua New Guinea after the mining town recorded seven positive COVID-19 cases. Deep dive We explore the investor case for growth companies Stockhead's morning newsletter makes things simple: Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox every morning.
BGL Share Price and Trading History RELATED STOCKHEAD STORIES HotCopper has news, discussion, prices and market data on BELLEVUE GOLD LIMITED. Check out the latest news, insights and unique analysis brought to you by Stockhead's team of business journalists and industry experts on Bellevue Gold. The company will look at the various uses of its photogrammetry software, ContextCapture and how it can be applied to your existing workflows, check for potential geotechnical issues, and disaster response planning. Bellevue Gold Limited - Quote and News Morningstar provides investment research for stocks, funds, ETF's, credit, and LIC's as well as financial data, news, and investing articles and videos. Bellevue Gold share price hits record high on metallurgical testing www.msn.com - June 24 at 3:45 AM: Why I think Bellevue shares are ‘gold’ for your portfolio www.fool.com.au - June 17 at 9:10 AM: Bellevue Gold: An Explorer To Keep A Close Eye On seekingalpha.com - June 15 at 2:03 PM: Bellevue Gold … This field is for validation purposes and should be left unchanged.
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Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment.Two days left to a live webinar with Bentley Systems! For investors, getting access to the right information is critical. 2.3 Moz High-Grade Gold & Rapidly Growing Welcome to Bellevue Gold Limited Bellevue Gold Limited (ASX:BGL) is advancing the historic Bellevue Gold Mine in Western Australia which was in its day one of Australia’s highest-grade gold mines, producing 800,000oz @ 15g/t gold from 1986 to 1997. The Company’s core asset is the historic Bellevue Gold Mine in Western Australia which was one of Australia’s highest-grade gold mines producing around 800,000oz @ 15g/t gold. Check out the latest news, insights and unique analysis brought to you by Stockhead's team of business journalists and industry experts on Bellevue Gold.Stockhead is providing factual information where there is a reasonable likelihood of doubt. Bellevue is anticipating a further increase in the indicated resource in the December quarter, with stage two infill drilling standing at 2.3 million ounces at 10 grams per tonne of gold.