Bellevue Gold Limited · ASX:BGL
Bellevue Gold — NewGen Gold Conference 2019
30 slides from Bellevue Gold's conference presentation, November 2019
Slide 1: New Discovery In a Historic High Grade Gold Field
New Discovery In a Historic High Grade Gold Field Through the Application of Modern Exploration Techniques BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Fo l low us @ bellev u egol d N o v em be r 2 01 9 N E W G E N G O L D C O N FE RE N C E WWW.BELLEVUEGOLD.COM.AU | ASX: BGL
Slide 2: Cautionary Statements and Disclaimer
DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER DISCLAIMER This presentation has been prepared by Bellevue Gold Limited (the Company) based on and risks that cause actions, events or results not to be anticipated, estimated or intended, information from its own and third party sources and is not a d
Slide 3: Bellevue Gold Project Location and Overview
Bellevue Gold Project Location and Overview North Eastern Goldfields Region of Western Australia’s Yilgarn Craton • Located 430km North of Kalgoorlie and 40km North of Leinster, adjacent to the Goldfields Highway. • Brownfields Gold Discovery. • Narrow vein high grade gold project which historically
Slide 4: Regional Geology
Regional Geology • Bellevue sits within the Yakabindie domain of the Agnew-Wiluna Greenstone Belt of the Eastern Goldfields Superterrane. • The Yakabindie Greenstone belt consists of the layered Kathleen Valley Gabbro overlain by the tholeiitic Mt Goode sequence. A mixed sequence of metamorphosed ul
Slide 5: Project History
Project History Mining for over 100 years off and on but very limited exploration • Mineralisation first exploited in the turn of the 20th century with shallow quartz reefs exploited at the project. • Historic town of Sir Samuel located on the leases early mining centre. • Modern exploration and Min
Slide 6: Bellevue Mine 1986-1997
Bellevue Mine- 1986-1997 16th of December 1988 ASX: BGL | 6
Slide 7: Ownership History Since 1986
Ownership History…………..Since 1986 Transferred through a series of mergers into Jubilee Nickel for dewatering Cosmos Queen Charlotte Mines Spargos Plutonic Forsyth NL ASX: BGL | 7
Slide 8: Ownership History: Actual Exploration
Ownership History…………..Actual Exploration Queen Charlotte Mines Spargos Plutonic Forsyth NL 68,000 meters of Surface Diamond drilling only Exploration gap with no drilling for 21 years Opportunity to revisit with modern exploration ASX: BGL | 8
Slide 9: Recent Project History Continued
Recent Project History Continued • Change of Management in March 2017. • Initial placement to fund exploration. • Low cost data review REBRANDED TO and reconstruction of the BELLEVUE GOLD IN geological model 2018 • Drilling commenced in September 2017 ASX: BGL | 9
Slide 10: Bellevue Gold Exploration
Bellevue Gold Exploration • Total= 142,000 metres of Diamond Core Footnotes: 1. refer ASX Resource Estimate 11/7/2019 ASX: BGL | 10
Slide 11: Local Geology
Local Geology Summary • Local geology is dominated by a suite of tholeiitic mafic extrusive rocks (basalts and dolerites) belonging to the Mt Goode sequence of the Yakabindie Domain. • Units dip steeply to W and NW, are overturned and younging to the Vanguard SE. Corridor Western • Bounded to East b
Slide 12: Tribune-Bellevue Rocks
Lithology Country Rock: Mafic volcanics of the Mt Goode Mafic succession are the dominant lithologies in the Bellevue Mine Area • Broadly divided into: Tribune-Bellevue Rocks • Lower (older) series of Pillow Basalts with multiple medium and coarse grained dolerites with a Feldspar Phyric Marker hori
Slide 13: Alteration
Alteration Viago G*m Au vs Biotite All rocks have been metamorphosed to Upper Greenschist/Lower Amphibolite facies Alteration is typically narrow, focused in and around shears: No Assay Observed alteration minerals include: • Chlorite: Both early (shear foliation parallel) and late (shear foliation
Slide 14: Mineralisation
Mineralisation Veins: Two types of Mineralised veins observed within 1-20m wide zones of high strain: • Type 1: Smokey Grey, highly strained, often highly folded and boudinaged with pyrrhotite and chalcopyrite remobilised to boudin interstices. Visible gold observed in late fractures. • Type 2: Opaq
Slide 15: Ore Shoot Control
Ore Shoot Control Folding Geometry Key Control • Established Shear Lodes and Veins have been folded. • Mineralised Veins are Folded and Boudinaged up to 10-20m in scale with the Lineations/Fold Axes plunging c10-20o to the S – Similar to High Grade Shoots. • Sulphides have remobilised to boudin inte
Slide 16: Gold Deportment
Gold Deportment Historically excellent conventional gravity and cyanide recoveries • Reported historical Au recoveries in the high +97%. • Fine free gold deportment . New discoveries very consistent mineralology with historic production • Testwork completed by Bellevue Gold returned total recoveries
Slide 17: Post-Mineralisation Faulting
Post-Mineralisation Faulting With thanks to Dr Paul Stenhouse – Polyphase Consulting Two Observed sets: • Alphabet Shears: Moderately south dipping normal shears (movement sense from S/C fabric) observable displacements of Bellevue Lode over c20-50m. • Bellevue Faults: Low Angle wrench Faults with a
Slide 18: A Shift in Exploration Paradigm at Bellevue
A Shift in Exploration Paradigm at Bellevue The prevailing Geological thought in the literature and in discussions with previous owners was that: • Mineralisation terminated or displaced at the 12th level by the highway shear. • The Western Corridor was inherently less prospective for significant Go
Slide 19: Early breakthrough in the restart of exploration
Early breakthrough in the restart of exploration Start of Drilling and the Tribune Discovery Maiden Drilling Commenced September 2017 • 3m @ 13.97g/t Au from 32m downhole in DRC00191 at Hamilton, Underexplored Bellevue Hanging wall. Hamilton DRC0019: Tribune Discovery: 3m @ 13.97g/t Au from 32m • Tr
Slide 20: Long Section at Tribune
Long Section at Tribune Refer asx 19/11/19 ASX: BGL | 20
Slide 21: Leading to the Viago Gold Discovery
Leading to the Viago Gold Discovery First Hole from Viago Discovery May 2018 Western Australia Government Exploration Incentive Scheme funding for deeper diamond hole to test for Bellevue main lode offset Viago Drilling Motivation • Initially targeting displaced Bellevue Lode to the South-East. • EI
Slide 22: Viago First Pass Definition
Viago First Pass Definition Viago Exploration Approach: Framework drilling (250m spaced) to establish continuity of structure and provide DHEM platform to vector onto shoot positions 250m drill spacing • 3.4m @ 10.4g/t Au 1 • 2.5m @ 13.1g/t Au 1 • 1.4m @ 9.6g/t Au 1 • 0.5m @ 16.2g/t Au 1 • 0.3m @ 35
Slide 23: Viago High Grade Discovery
Viago High Grade Discovery Viago Infill Drilling to an 80m x 80m Grid: Vectored to shoot position by DHEM: • 4.3m @ 58.8 g/t Au from 575.5m in DRDD0131 • 3.35m @ 37.4 g/t Au from 562.4m in DRDD0702 • 3.0m @ 85.9g/t Au from 597 in DRDD0692 • 6.4m @ 27.9 g/t Au from 587.6m in DRDD0731 • 6.9m @ 18.0 g/
Slide 24: Viago High Grade Discovery - Extension to the North
Viago High Grade Discovery- Extension to the North into Bellevue Hangingwall Realization Structure open to the north • 2.6m @ 15.4 g/t Au in DRDD1111 • 2.4m @ 15.4 g/t Au in DRDD1291 • Extension of Viago Mineralisation to the north and total strike to 1400m. • Broad spaced and unsampled exploration
Slide 25: And the new major Deacon Trend
And the new major Deacon Trend…….. Targeting of deeper conductors– the continuation of the Bellevue Lode system? • Significant NEW high grade gold discovery of scale. • Currently Drilling…… Cross Section of Bellevue Lode System looking north DRDD218 4.4m @ 62.4 g/t3 DRDD237 3.8m @ 13.9 g/t2 750m DRD
Slide 26: Opening up a new discovery
Opening up a new discovery…….. Long Section Looking East through the Deacon Discovery showing broad spaced drill hits refer asx 2nd of October 2019 ASX: DRG ASX: BGL|| 26 26
Slide 27: Factors in Exploration Success at Bellevue
Factors in Exploration Success at Bellevue…. Fortune Favours the Lucky… and other pearls of wisdom • Key factors from project selection phase Bellevue: • Exceptional grade in old drilling/mine. • Very limited drilling outside of mine area, little attempt at follow up beyond Highway Fault. • Signific
Slide 28: Competent Persons' Statement
COMPETENT PERSONS’ STATEMENT The information in this presentation that relates to mineral resources at presentation and consents to the inclusion in this announcement of all Viago/Viago North, Tribune/Tribune North and Southern Belle is based on, and technical statements based on his information in
Slide 29: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 11 July 2019): 3.5 g/t gold lower cut-off, totals rounded to reflect acceptable precision JORC 2012 Inferred resource estimate at selected lower cut-off grades at the Bellevue Gold Proj
Slide 30: Contact
Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold to a cultural event on Country with senior Wati & senior elders of Tjiwarl Warning: This photo contains the image of deceased Aboriginal persons. Suite 3, Level Appendices follow Suite 3, Level 3, 24 Outram Street West Perth