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WINNER: EXPLORER








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                            Bellevue was almost halfway through an 80,000m infill diamond drilling programme on the Tribune and Viago lodes.
                                                                     A resource update is on schedule for the first half of 2020


           All eyes will again be on Bellevue Gold Ltd in 2020 with a resource update expected in the first

                           half of the year from its namesake project in Western Australia.
                                                    by Mark Andrews



              on-stop  drilling  during  2019  saw  800,000oz  @  11  g/t   “Bellevue is certainly one of the better new discoveries that is
          Ngold added, giving Bellevue a total inferred resource of   happening out there not just in Australia, but globally. The grade
          1.8 moz @ 11.1 g/t.                                   stands out and the size is now getting up to global significance,”
          News flow continues to provide encouragement to the market   Bellevue managing director Steve Parsons told GMJ.
          that the rate of discovery success in the past 12 months could   The gold sector has been bereft of new discoveries and stories
          be replicated and there is no shortage of effort going into making   to get excited about hence the significant following Bellevue has
          that happen.                                          garnered in a relatively short amount of time.
          At the time of print, Bellevue had eight rigs engaged, with two   “There has certainly been a lot of interest not only from investors
          diamond rigs dedicated to increasing confidence levels in the   and  analysts,  but  also  on  the  corporate  side  as  well. This  is
          resources at the Tribune and Viago lodes.             such a standout project and the support we have got from our
          Recent results from shallow infill drilling at Tribune (top 200m   investors is that we need to be taking this the whole way through
          from surface) has delivered what Bellevue was expecting, with   into development and production; that is where the real value
          highlights from the large portion of the resource infill drilled on   uplift will be for the Bellevue shareholders,” Parsons said.
          40m x 20m spacing including 9.6m @ 14.1 g/t gold from 107.9m,   Bolstering the team with the requisite skills to take Bellevue to its
          3m @ 33 g/t from 162m, 1.9m @ 29.3 g/t from 58m, 5.2m @ 5.4   desired outcome of developing a mining project, 400km north-
          g/t from 203m, 0.6m @ 273.5 g/t from 155m.            west of Kalgoorlie, has begun. Former Northern Star Resources
          The second diamond rig conducting infill drilling at Viago ready   Ltd general manager Craig Jones was appointed chief operating
          for conversion to a higher resource confidence is also going well   officer at Bellevue in December.
          with hits of 0.7m @ 74.8 g/t gold from 590.4m, 5m @ 11.1 g/t   Dewatering  activities  were  scheduled  to  start  post-Christmas
          from 606m, and 3m @ 19.8 g/t from 580.5m reported.    and carry on through to May/June.
          Meanwhile, six rigs were in operation at the new Deacon and   The historic Bellevue mine produced 800,00oz @ 15 g/t gold
          Mavis discoveries where step-out expansion drilling and testing   in  its  heyday,  and  with  some  underground  infrastructure  to
          of several significant off-hole DHEM conductors were targeted   be  leveraged  from,  there  may  be  an  opportunity  for  some
          in late 2019.                                         underground material to be extracted for cash flow in 2020.


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