Bellevue Gold (BGL) has released an updated JORC Resource for its 100% owned Bellevue Gold Project in Western Australia, comprising 7.0Mt @ 10.0g/t Au for 2.3Moz contained gold. This included a maiden Indicated Resource of 860koz @ 11.6g/t, beating Argonaut’s prediction of 600-800koz. The Viago and Deacon lodes contain a higher-grade sub-Resource of 480koz @ 15.0g/t, which could support higher gold production in the early years of mine life to accelerate capital payback and increase the project NPV. Strong newsflow is set to continue in H2 2020 with ongoing drilling and further resource updates.
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