PERTH (miningweekly.com) – Junior Bellevue Gold has reported a maiden indicated resource of 860 000 oz, at 11.6 g/t gold at its namesake project in Western Australia.
The indicated resource forms part of the global 2.3-million ounce resource, at 10 g/t gold, at the Bellevue project, of which some 1.4-million ounces was classified as inferred.
Bellevue on Tuesday noted that infill drilling is ongoing and an increase in the indicated resource is expected in the December quarter, and would likely convert more of the inferred resource adjacent to the high-grade core as a priority.
“This indicated resource and increases to come will underpin the economic studies on the project, which are now well under way,” said MD Steve Parsons, noting that the company now had to clear avenues to create value for shareholders.
“Completion of these studies will mark the transition to the project development phase, which we believe will demonstrate the technical and economic strengths which come from having a large, high-grade project with simple metallurgy and access to existing infrastructure in a Tier 1 location.
“There is also huge potential to continue growing the overall inventory at Bellevue, where the mineraliation remains open in multiple directions and we have numerous well-established targets, some with known mineralisation.
“We are confident that the combination of economic and technical studies and resource growth will drive further increases in shareholder value,” said Parsons.