PERTH (miningweekly.com) – Gold developer Bellevue Gold has reported a 20% increase in the indicated resource at its namesake gold project, in Western Australia.
Infill drilling at the Deacon and Bellevue North lodes has increased the indicated resource estimate to 1.04-million ounces, at 11.4 g/t gold. The total Bellevue resource now stands at 2.41-million ounces, at 10 g/t gold.
The company told shareholders on Wednesday that the increased resource estimate would further strengthen the baseline economic study now under way at the Bellevue project, providing scope for a longer mine life, increased production and stronger financial returns.
“This is an outstanding result which demonstrates the exceptional quality of the mineralised system at Bellevue,” said MD Steve Parsons.
“To have an indicated resource of this size and this grade and with such immense scope for further increases, highlights the underlying strength of the project.”