Bellevue weighs up high-grade starter pits
Bellevue Gold is evaluating the potential to establish high-grade starter open pits to generate early cashflow ahead of an underground operation
20th March 2020
Resources Rising Stars
Bellevue Gold is evaluating the potential to establish high-grade starter open pits to generate early cashflow ahead of an underground operation (reports MiningNews).
The company has completed a 94,000m infill drilling program on 40m by 20m and 40m by 40m grids at its namesake project near Leinster in Western Australia.
That will pave the way for the release of a maiden indicated resource during the June quarter.
The project already has an inferred resource of 2.2 million ounces at 11.3 grams per tonne gold.
The indicated resource will underpin development studies.
One option that will be looked at is the potential to establish multiple high-grade open pits at Bellevue and Tribune, given mineralisation starts at surface.
The pits would lead into an underground development.
Bellevue had up to eight drill rigs on site during the latest program, and managing director Steve Parsons said two rigs would remain, one focused on resource growth and the other on further indicated drilling.
"We are also continuing with step-out drilling with the aim of growing the global resource at Bellevue and we plan to drill two highly promising conductors identified recently at the Deacon lode," he said.
Analysts from Canaccord Genuity and Argonaut Securities expect the maiden indicated resource to come in at around 300,000-500,000 ounces of gold.
Argonaut expects the total resource to exceed 3Moz later this year.
Image: Bellevue Gold
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