An exploration drilling campaign by Bellevue Gold (ASX: BGL) has identified three high-grade gold deposits containing walk-up drill targets along strike of its flagship Bellevue project, 400 kilometres north-west of Kalgoorlie.
The Bellevue North-West, Bellevue West, Government Well discoveries lie within the prolific Agnew-Wiluna greenstone belt to the immediate north and west of the high-grade gold project which hosts a recently-updated inferred resource of 1.53 million ounces at 11.8 grams per tonne gold.
The targets were identified during the first round of regional step-out testing along a 20km mineralised corridor to the north of Bellevue and have been considered high priority.
Initial testing will be conducted once regulatory approvals are in place and the company’s diamond rigs have finished drilling extension work at the bonanza-grade Viago lode and neighbouring Tribune and Bellevue lodes.
Managing director Steve Parsons said the new drilling program will be over an area which remains highly-prospective for repeat mineralisation and satellite ore bodies.
“The style of mineralisation and the high-grade nature of these targets exhibit strong similarities to those observed at our globally-significant Bellevue project,” he said.
“They will be the focus of further exploration through a combination of surface and geophysical exploration ahead of initial drill testing in the very near term.”
Mr Parsons said the assays will be used to update Bellevue’s resource estimate by mid-year.
Surface mapping at the Bellevue North-West target identified multiple new and partially outcropping Bellevue-style veins around 1.6km along strike from a recent high-grade drill intercept at Tribune of 6.5m at 22.2g/t gold.
Results up to 102g/t gold were returned from rock chip sampling at the prospect, which has been considered an immediate drill target for possible resource extension at Tribune.
A trend of >100 parts per billion maximum gold in wide spaced historical drilling was identified at Bellevue West under thin transported soil cover, over a strike length of more than 2km and a distance of less than 1km to the west of the main deposit.
Initial rock chip results grading between 2.9g/t gold and 4.3g/t gold highlighted the target’s prospectivity, which the company said has remained largely untested to date.
Multiple gold trends over more than 4km in strike length were identified from historical drilling, old workings and recent rock chip sampling at the Government Well area, 4.5km north of the main deposit.
Only 500m of these trends has been tested to date with grades up to 22.58g/t gold, with the remainder representing a “significant opportunity” for Bellevue to uncover further high-grade results.
“Much of the tested section is covered by thin, wind-blown sands, and has rendered the surface geochemical exploration techniques used by previous explorers largely ineffective,” Mr Parsons said.
“Recent rock chipping from shallow excavations and old shafts in the area have consistently yielded high-grade results of up to 40g/t so there and we believe there is great potential still to be found here.”
At midday, shares in Bellevue were steady at $0.58.