| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Bellevue Gold Ltd. |
| Project name: | Bellevue |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 5.5m @ 37.1g/t Au from 134m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Bellevue Gold Limited (ASX: BGL) is pleased report more strong drilling results which point to further growth in Reserves at its Bellevue Gold Project in Western Australia. The latest results, which include intersections of up to 53g/t gold, support the Company’s strategy to continue increasing the inventory, forecast production rate and mine life. The results come from infill drilling within the Inferred Resource and have identified new mineralisation outside the Resource on three lodes. The Company continues to make strong progress with development of the Bellevue project. Stage 1 of the underground works is nearing completion, with 4,060m of development completed to date. Construction of the camp is well underway and long-lead items are expected to be ordered in March. Progress is in line with Bellevue’s timetable for first production in the June quarter of 2023. The project’s Stage 2 Feasibility Study forecasts average production of 183,000ozpa over the project’s current 8.1-year mine life which includes 200,000ozpa at an all-in sustaining cost of A$922/oz in the first five years. Bellevue Managing Director Steve Parsons said: “The combination of these latest strong drilling results and the excellent development progress shows that we are delivering on our two-pronged strategy to generate growth and project construction in parallel. |
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