Bellevue hits new high on met results

Shares in Bellevue Gold hit fresh highs after the company reported “exceptionally strong” results from metallurgical testwork (reports MiningNews).
26th June 2020
Resources Rising Stars

Shares in Bellevue Gold hit fresh highs after the company reported “exceptionally strong” results from metallurgical testwork (reports MiningNews).

The testwork, on ore from the Bellevue project near Leinster, generated recoveries averaging 97.8% across the multiple lodes using conventional gravity and leaching processes and standard reagents.

Gravity-only recoveries ranged from 72.6% to 91.7%.

The company said the results were in line with historical recoveries from Bellevue, which averaged about 96% while in production between 1988 and 1996.

Independent metallurgical consultant Nathan Stoitis has been appointed to assist with further testwork as the company moves into feasibility studies.

Entech has been appointed as study manager.

The maiden indicated resource, which will underpin studies, is due within weeks.

Canaccord Genuity has forecast an indicated resource of 550,000-650,000oz at 8-10gpt gold, growing to 1 million ounces by the end of the year.

Bellevue already has an inferred resource of 2.2Moz at 11.3 grams per tonne gold.

Managing director Steve Parsons said the met results added to the company's recent achievements, which included hitting high-grade gold 7km from Bellevue.

"These exceptional recovery rates, combined with the economic studies and other preparations underway, will position us to develop a project in a tier one location with very high grades and a host of other extremely attractive features," he said.

Read more at https://www.miningnews.net/feasibility/news/1389552/bellevue-hits-new-high-on-met-results

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