High grades could see Leinster’s Bellevue Gold mine brought back to life
An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life ...
29th May 2020
Resources Rising Stars
An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life next year (reports The Kalgoorlie Miner).
Bellevue Gold yesterday revealed infill drilling had hit a grade of more than one kilogram per tonne at its namesake project north of Leinster.
The headline-grabbing 0.3m at 1169g/t might ordinarily be brushed off as an anomaly.
But the mid-tier hopeful toasted other stellar intersections of 1.5m at 168.8g/t, including 0.5m at 499.1g/t.
Other hits, including 5.3m at 54.5g/t, 2.5m at 49.2g/t and 2m at 64.4g/t, reinforced mineralisation at the project dubbed “a forgotten treasure” was not a one-off and should be taken seriously.
Bellevue boss Steve Parsons yesterday told the Kalgoorlie Miner it was “without a doubt one of the best announcements” he had been involved in during his time in the industry.
“It’s pretty rare to get that many high-grade consistently good intersections in one announcement,” he said.
“If you go through all the numbers there it is just drill hit after drill hit that would be a standout in its own right for most gold projects, but here we are putting out 10 or 15.
“It certainly bodes well for the upcoming resource update that we’re going to be doing in a couple of months’ time.”
Bellevue is looking to convert a portion of its inferred resource into the indicated category in July, with another resource update expected for the December quarter.
The first update will form the backbone for the start of an economic engineering study being targeted for the second half of the year that will then inform a final feasibility study scheduled for early next year.
The mine that historically produced 800,000 ounces at 15g/t shut in 1997.
Bellevue started drilling holes at the project 21 years later and it now boasts a resource of 6.1 million tonnes at 11.3g/t for 2.2Moz.
There is 28km of underground workings at the site and the explorer is currently dewatering 200m below surface.
Mr Parsons said he was recently underground at site and the ground conditions were “pristine”.
“Because the old mine historically produced a lot of gold and it finished in 1997 there is a lot of underground development sitting there which has been under water,” he said.
“Our view was if we dewatered that and then went down to have a look at what the conditions were like then we may be able to fast-track into production by utilising that underground development because it is a huge cost saving and it’s a massive time saving as well.
“Some of the resources sit very, very close to development so you’re literally right there on the edge.”
While Bellevue revelled in its recent drilling success, another northern Goldfields-focused explorer also celebrated recent hits.
The once-troubled Kin Mining yesterday revealed a headline hit of 4m at 113g/t from surface at its Cardinia gold project near Leonora.
Other hits included 2m at 8.1g/t from 37m and had Kin boss Andrew Munckton lauding a “bonanza grade intercept”.
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