Bellevue Gold Limited

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Bellevue Gold Limited (ASX:BGL) is advancing the historic Bellevue Gold Mine in Western Australia which was in its day one of Australia’s highest-grade gold mines, producing 800,000oz @ 15g/t gold from 1986 to 1997. The company has a global JORC Resource of 2.3 Moz at 10 g/t gold, including an indicated resource of 860,000 oz at 11.6 g/t and an inferred resource of 1.4 Moz at 9.2 g/t, making it one of the highest grade undeveloped gold discoveries in the world. The resource has been independently estimated by a leading consultant and includes the Viago and Deacon Lodes which host an indicated resource inventory of 480,000 ounces of contained gold at an impressive 15.5 g/t. Infill drilling is ongoing, with an increase to the indicated resource expected in the December 2020 quarter. The historic mine was closed and forgotten for over 20 years and has not benefited from modern exploration and development advances. Bellevue Gold is the first company to apply modern exploration techniques and since work commenced in late 2017 the company has discovered numerous new high grade lodes and anticipates further discovery success as it continues to drill with multiple rigs during 2020. The Bellevue Gold Project is located approximately 30km north of Leinster township and sits in a major gold and nickel producing district with mines such as Jundee (ASX:Northern Star), Agnew & Lawlers (Goldfields), Darlot (ASX:Red 5), Bronzewing (ASX:Echo), Sons of Gwalia (ASX:St Barbara) & Thunderbox (ASX:Saracen) all in close proximity. The Company has a highly skilled management team with a track record of discovery success. With a strong cash balance, Bellevue Gold Ltd is set to define further high grade ounces rapidly using the drill bit in 2020


Bellevue's golden boost
BGL - Macquarie rates the stock as Outperform
BGL - Macquarie rates the stock as Outperform