You beauty! Bellevue funded through to 2021

Mar 25, 2020 | News

Pictured: Bellevue Gold Managing Director Steve Parsons

With many companies battling to see the light that marks a new day, Bellevue Gold Ltd has moved to consolidated its development aspirations by aiming to raise $26.5 million.

The company has received firm commitments for the proposed share placement at 30c – 7.7% discount to the last trading day price of 32c/share – as it prepares to release a maiden indicated resource estimate this quarter from its namesake project in Western Australia.

An inferred resource at Bellevue of 6.1mt @ 11.3 g/t gold for 2.2 moz  has already excited the market and the company aims to maintain the momentum it has generated in the past 2-3 years.

Infill drilling that will now take place is designed to add to the indicated resource and overall inventory through step-out and exploration campaigns at the two highly promising conductors at the Deacon lode, among other priority targets.

“To complete a raising such as this in any environment is an excellent achievement but to do it in the current market circumstances is exceptional. Under the current budget, we are funded through to mid calendar year 2021” Bellevue managing director Steve Parsons said.

Australia’s Paydirt and Gold Mining Journal have followed the Bellevue Gold story closely and will continue to do so in our upcoming April edition of Paydirt.

www.paydirt.com.au https://www.paydirt.com.au/magazines/subscriptions/