Bellevue today announced their latest drill results which confirms the significance of the new >800 metre strike length discovery in the Tribune Footwall directly below the Bellevue underground workings - The Viago Lode.
- 4.3 m @ 58.8 g/t gold a result of over 250 gram metres (refer figure 1).
- Nearest drill holes are:
3.4 m @ 10.4 g/t gold & 0.3m @ 44.4g/t gold step-out drill hole 150 metres to the north in hole DRDD059 (refer ASX 17/07/2018)
11.4 m @ 9.6 g/t gold step-out drill hole 150 metres to the south in DRDD060 (refer ASX 17/07/2018)1
The latest drill result is considered highly significant by the company given the exceptional tenor of mineralisation and the wide spacings of the current drill grid (~240 metres). The result is very reminiscent of the high-grade bonanza ore shoots at the historical Bellevue mine in geology, grades and width.
Executive Director Mr Steve Parsons said, “We are very pleased with how this new discovery continues to firm up, with the latest drill result confirming the Viago Lode to be another significant discovery for the Company. To have intercepted visible gold mineralisation in all but a single hole with scout drilling over 800 metres of strike length is quite exceptional and now with the receipt of this latest bonanza grade intersection, the potential of the Viago Lode is starting to become clear.
To have a second, high-grade gold discovery in such a short period of time points to the quality of the Bellevue Lode system. We are very excited to add another drill rig and anticipate we will upgrade the recent maiden resource estimate in Q4 of this year.”