Bellevue still only scratching the surface

Despite moving to development, Bellevue Gold sees the potential to continue rapid growth in its gold inventory at its namesake project near Leinster in Western Australia (reports MiningNews).
23rd October 2020
Resources Rising Stars

Despite moving to development, Bellevue Gold sees the potential to continue rapid growth in its gold inventory at its namesake project near Leinster in Western Australia (reports MiningNews).

Bellevue has gone from zero to 2.3 million ounces in two and a half years, making it one of the largest gold discoveries in Western Australia in the past decade.

At a resource grade of 10 grams per tonne gold, the project is running at about 10 times the grade of the average gold mine.

Bellevue is continuing to add gold resources "at a rapid rate of knots", with about 75,000 ounces added to both inferred and indicated resources every month.

"We expect that to continue, month in, month out, as we have six rigs turning, all diamond core," Bellevue managing director Steve Parsons said.

The indicated resource stands at 860,000oz at 11.6gpt gold, which includes a high-grade core of 480,000oz at 15.5gpt gold.

An update to the indicated resource is due in the current quarter.

Canaccord Genuity sees the potential for another 150,000-250,000oz at over 15gpt gold to be added to the indicated resource in the next update.

Bellevue took analysts, media and WA mines minister Bill Johnston to site just before Diggers & Dealers and the day after it announced the discovery of a new high-grade lode called Armand.

Armand, has been defined over a 450m strike length, but remains open to the north, down-dip and down-plunge.

Armand returned high-grade results including 4.6m at 13.8gpt gold from 364.8m; 1.9m at 58gpt gold from 380.5m; 2.3m at 27gpt gold from 416.3m; 1.9m at 29.7gpt from 378.8m; 2.1m at 9.8gpt gold from 369.1m; and 1.5m at 14.6gpt from 352.2m.

Drill core from the Armand discovery

"We now have seven lodes we've discovered on the property," Parsons said.

Armand has been defined as a previously undiscovered extension of the historical Bellevue lode and sits near existing underground workings.

"We see that as coming into the mine life very early," Parsons said.

Read more at https://www.miningnews.net/site-visits/news/1397449/bellevue-still-only-scratching-the-surface

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