Bellevue Gold in trading halt ahead of capital raising

Proactive Investors Monday, 23 March 2020
Bellevue Gold Ltd (ASX:BGL) has entered a trading halt ahead of an imminent capital raising announcement. The trading halt will be in place until Wednesday March 25 or when an announcement is made to market, whichever occurs earliest. Bellevue completed its first phase of infill drilling at the Bellevue Gold Project in Western Australia and is now on track to publish a maiden indicated resource in the June quarter, 2020. Maiden Indicated Resource to underpin economics The project currently has an Inferred Resource of 2.2 million ounces at 11.3 g/t gold and the infill drilling programme was designed to upgrade the shallow resource areas and selected deeper lodes to the indicated category. Managing Director Steve Parsons recently said the completion of the infill drilling programme marked another milestone along the path to project development. He said: “With this key drilling programme now completed, we can move to finalising a maiden Indicated Resource, which will in turn underpin economic studies.”

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