News Articles for Bellevue Gold

Bellevue Gold (formerly Draig Resources) has boosted its coffers with a $15 million share placement to fund exploration work at the company's Bellevue project near Leinster.

Bellevue Gold has doubled the global inferred resource at its namesake project northwest of Leinster in the Goldfields of WA to 2.6Mt @ 12.3g/t for 1.04 million ounces of contained gold. This is due to its reporting a maiden resource of 800,000t at an impressive grade of 22g/t gold, or 550,000 ounces of contained gold. There is potential for further upside as Viago remains open in all directions.

Bellevue Gold's drilling program at the Viago lode at the Bellevue gold project in WA's Goldfields region continues to return high grade hits including an intersection of 3m @ 85.9g/t gold from 597m down-hole which contains a 0.5m section going a whopping 445g/t gold. Step out drilling will be carried out to define the limits of the Viago lode, which remains open in all directions.

Bellevue Gold has continued its dream run at the company's namesake gold project near Leinster with a spectacular 10m drill intersection grading almost an ounce to the tonne gold. The company recently added a further drill rig on site to speed up the definition of the Viago lode and it is working on an updated mineral resource due later this year, which should reflect the latest exceptional results.

ASX listed Bellevue Gold's infill drilling program has returned more high grade near surface gold hits including an impressive 2m @ 40.8g/t gold at the Tribune Lode within its Bellevue gold project in the W.A. Goldfields region. The company is also accelerating exploration at the its Viago Lode discovery with a view towards defining an initial resource that will upgrade the project's current half a million ounce resource.

ASX listed Bellevue Gold has made a bonanza hit of 4.3m @ 58.8g/t gold that is located between two previous high grade intersections at the Viago Lode discovery within its Bellevue gold project. The results have led the company to draw comparisons to the high-grade ore shoots at the historical Bellevue mine in terms of geology, grades and width.

Bellevue Gold has announced a high grade mineral resource of 1.9 million tonnes grading 8.2g/t gold for 500,000 ounces at its namesake project, near Leinster in the Goldfields of W.A. The resources lie adjacent to existing underground workings from surface to a depth of 450m. The company says this is an interim resource that still has significant scope to increase with more drilling.

Draig Resources has discovered high grade gold mineralisation from deep exploratory scout drilling below the historical Bellevue gold mine near Leinster in W.A. Results include 2.5m @ 13.1g/t, 1.4m @ 9.6g/t and 0.3m @ 35.9g/t gold and are strongly supported by down-hole EM surveys showing off-hole conductors. The 800m long shear zone is interpreted to be an overlooked offset position from the original Bellevue ore lode.

Draig Resources' metallurgical tests have resulted in gold recoveries of up to 98.8% using conventional gravity and cyanide processing on ore from the Tribune Lode discovery just 2km from the historical Bellevue gold mine in W.A. Draig will test deeper extension targets below the Bellevue mine and it expects to complete a resource estimate for the project in the third quarter of 2018.

Draig Resources has announced that a deep exploratory drill hole has intersected 4.3m @ 8.8g/t gold from 575.3m down-hole and is interpreted to be a faulted offset to the main lode at the old Bellevue gold mine that produced 800,000 ounces at around 15 grams per tonne gold. The new discovery is 190 metres west of the historic underground workings and located 500m from surface.

Draig Resources has announced further high grade gold drill results from drill programs at its Tribune lode discovery, adjacent to the historical Bellevue mine near Leinster. Down-hole electromagnetic surveys have identified new ore shoot positions at depth with best results of 4.4m @ 13.5g/t from 305.5m down-hole and 9.5m @ 5.0g/t from 324.5m down-hole. A maiden mineral resource estimate is underway.

There has been a big increase this year in the number of ASX-listed companies, primarily junior explorers in WA, forced to retract announcements.

Draig Resources has grown its holdings in the northern Goldfields by over 2,000 square kilometres in a mining district well endowed with gold and base metals. Historical exploration was largely ineffective due to poor outcropping and masking cover that downgraded the potential. The company believes there is great opportunity for the discovery of new mineral resources on the new tenements.

Innovative shareholder registry management company, Advanced Share Registry is pleased to announce it has signed a binding agreement with Private Company Platform Pty Ltd to acquire a 51% sharehold

Another impressive round of high-grade drill hits from Draig Resources has extended the strike length and depth of the company's Tribune Lode gold discovery parallel to the famed Bellevue mine in the Wiluna belt. Mineralisation has now been confirmed over a strike length of 550 metres and one of the next priorities is to test for continuity with the Southern Belle Lode 800 metres further south.

Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue

Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.

Draig Resources' punt on a high-grade parallel lode to the famed and now closed Bellevue mine in the Wiluna belt continues to pay off, with a new series of high-grade gold hits at the Tribune Lode. Latest drill results have extended the depth of Bellevue-style quartz sulphide gold and confirmed the continuity, prompting acceleration in drilling activity.

Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares.

Draig Resources has added some choice acreage to its gold portfolio by acquiring the Yandal South Prospect which is close to some of Western Australia's once great, but subsequently forgotten gold mines. The junior explorer is aiming to re-shine a number of abandoned West Australian mines by introducing state-of-the-art, modern exploration techniques into the equation.

Junior miners Draig Resources and Capricorn Metals will tap investors in separate capital raisings as both companies advance their respective Western Australian gold projects.

Shares in junior mining explorers Draig Resources and St George Mining have nearly doubled today after both companies announced positive drilling results.

Newly appointed chief executives in WA are on substantially lower salary packages compared with recent years, a Business News survey has found.

Draig Resources has a new management team that includes former Gryphon Minerals managing director Stephen Parsons, who will focus on the company's recently acquired Bellevue gold project west of Laverton.

Investors who kept their money in Australia's top blue chip stocks enjoyed great returns in the 2012-13 financial year.

Draig Resources says it is close to establishing a JORC-compliant resource at its coal exploration projects in Mongolia.

MAYBE it's human nature when times are uncertain, but when corporate finance players in Perth were asked to comment on market trends over the past year, most had a glass half-empty perspective.

West Perth-based explorer C @ Limited says it will launch a $28 million capital raising to acquire and explore eight highly-prospective Mongolian coal tenements from US giant Peabody Energy.