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Bellevue Gold sitting on one of the highest grade gold projects to be found anywhere in the world

Very few projects in the world can stand up to the Bellevue mine in Western Australia. This mine was in production for nigh on a hundred years, and produced 800,000 ounces of gold between 1986 and 1997 alone.

But its not the amount of gold produced thats the standout number here. Its the grade.

That 800,000 ounces came out of the ground in ore grading 15 grams gold per tonne.

And youd be hard pushed to find grade like that anywhere in the world these days.

Still, the company that plans to re-open the Bellevue mine, Bellevue Gold Ltd (ASX:BGL), is coming pretty close with its ongoing exploration program centred around the historic production area.

As it stands, Bellevue Gold has been able to book a resource of 2.2 million ounces in double quick time. And the grade stands at a salutary 11 grams to come.

Therell be more to come too, as multiple drill rigs are on site, still turning, and theres a good chance of discovering significant satellite deposits too.

Whats more, any churlish..

Very few projects in the world can stand up to the Bellevue mine in Western Australia. This mine was in production for nigh on a hundred years, and produced 800,000 ounces of gold between 1986 and 1997 alone.

But its not the amount of gold produced thats the standout number here. Its the grade.

That 800,000 ounces came out of the ground in ore grading 15 grams gold per tonne.

And youd be hard pushed to find grade like that anywhere in the world these days.

Still, the company that plans to re-open the Bellevue mine, Bellevue Gold Ltd (ASX:BGL), is coming pretty close with its ongoing exploration program centred around the historic production area.

As it stands, Bellevue Gold has been able to book a resource of 2.2 million ounces in double quick time. And the grade stands at a salutary 11 grams to come.

Therell be more to come too, as multiple drill rigs are on site, still turning, and theres a good chance of discovering significant satellite deposits too.

Whats more, any churlish potential investors who might be tempted to grouse that the grade of the new resource isnt quite as good as that of the historically mined ore, would do well to drill down a little further into the numbers.

The current resource includes mineralisation at the Viago Lode, which contains 700,000 ounces grading 16.1 grams per tonne.

Yes, Bellevue truly is world-class when it comes to grade, beating out the likes of Newmonts Boddington mine and Newcrests Telfer mine by a country mile. Indeed, in a list of 22 of Australias biggest and best known gold mines, Bellevue comes second in terms of grade, behind only Kirkland Lakes (TSE:KL) underground Swan Zone operation at Fosterville.

But what about the other variables?

First off, as a former mine, much is known about the way the rock works, both in the ground and in processing. Bellevue Gold estimates recoveries are likely to be as high as 98.8%.

As a former producer, there are some legacy infrastructure benefits too. Grid power is in place and there is a paved road to the project.

But perhaps whats more significant is that the Bellevue mine doesnt exist in isolation out there in that part of Western Australia. Rather it lies in close proximity to multiple major gold operations, including Emu Goldfields Agnew project and St Barbara Minings (ASX:SBM) Sons of Gwalia mine.

This is an area well used to mining, and in which mining companies have a long history of successful operations.

Bellevue Gold is still some way yet from adding to the ranks of the local producers, but its laid some pretty good groundwork in a short period of time.

The company is making strong progress with dewatering of the historical Bellevue underground – this process is on track and within budget.

Dewatering of the Bellevue underground mine will deliver sigRead More – Source

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Australia

S&P/ASX 200 flat at lunch but still on track for its sixth straight week of gains

S&P/ASX 200 (INDEXASX:XJO) is trading 1 point or 0.023% down to 5990 at 12.48 pm but is still up +4% so far this week and is on track for its sixth straight week of gains.

The S&P 200s drop follows the US share markets which were mixed on Thursday ahead of Friday's jobs report. Investors are also awaiting plans for the next round of US economic stimulus.

Top gainers on ASX today include Talisman Mining Ltd (ASX:TLM) (+12.24%), Rimfire Pacific Mining NL (ASX:RIM) (+16.67%), Canyon Resources Ltd (ASX:CAY) (+11.11%), Ironbark Zinc Limited (ASX:IBG) (+33.33%), De Grey Mining Limited (ASX:DEG) (+23.75%) and Brookside Energy Ltd (ASX:BRK) (+14.29%).

Proactive news headlines:
Technology Metals has $2 million raising backed by major Tinci Materials shareholder[hhmc]
Technology Metals Australia Ltd (ASX:TMT) has received commitments for a fully subscribed placement of up to 13.66 million shares at 15 cents per share to raise approximately $2.049 million before costs. The company is plea..

S&P/ASX 200 (INDEXASX:XJO) is trading 1 point or 0.023% down to 5990 at 12.48 pm but is still up +4% so far this week and is on track for its sixth straight week of gains.

The S&P 200s drop follows the US share markets which were mixed on Thursday ahead of Friday's jobs report. Investors are also awaiting plans for the next round of US economic stimulus.

Top gainers on ASX today include Talisman Mining Ltd (ASX:TLM) (+12.24%), Rimfire Pacific Mining NL (ASX:RIM) (+16.67%), Canyon Resources Ltd (ASX:CAY) (+11.11%), Ironbark Zinc Limited (ASX:IBG) (+33.33%), De Grey Mining Limited (ASX:DEG) (+23.75%) and Brookside Energy Ltd (ASX:BRK) (+14.29%).

Proactive news headlines:

Technology Metals has $2 million raising backed by major Tinci Materials shareholder


Technology Metals Australia Ltd (ASX:TMT) has received commitments for a fully subscribed placement of up to 13.66 million shares at 15 cents per share to raise approximately $2.049 million before costs. The company is pleased with the continued support of strategic domestic and international investors and welcomes an initial investment by Mr Xu Jinfu, chairman and major shareholder of Guangzhou Tinci Materials Technology Co Ltd. Tinci Materials is a leading manufacturer and marketer of battery materials.

Talisman Mining will start diamond drilling this month at Lucknow Gold Project, shares up


Talisman Mining Ltd (ASX:TLM) (OTCMKTS:TLSMF) is higher on news that diamond drilling will begin this month at Lucknow Gold Project in the historic Lucknow Goldfields of Central West NSW. The first diamond drill testing will target an interpreted high-grade gold lode offset position at Lucknow here historic production was in excess of 400,000 ounces at an average estimated mined grade of +100 g/t. Shares have been as much as 17% higher in early trade to 11.5 cents.

De Grey Mining higher again after defining major gold extension at Hemi discovery


De Grey Mining Limited (ASX:DEG) (OTCMKTS:DGMLF) (FRA:DGD) has continued a run of share price gains with drilling defining a major extension of Brolga zone at the Hemi gold discovery in WAs Pilbara region. This extension of the Brolga intrusion defined by initial shallow aircore drilling is approximately 1,000 metres long by 200 metres wide and enhances the potential to expand near-surface open pit resources. Results include 16 metres at 2.4 g/t from 40 metres, 8 metres at 2.2 g/t from 52 metres and 4 metres at 5.0 g/t from 60 metres.

Musgrave Minerals rises on defining large new gold targets at Lake Austin JRead More – Source

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Australia

St George Mining steps-up Mt Alexander drilling after identifying large nickel-copper sulphide target

St George Mining Ltd (ASX:SGQ) has stepped up the pace of drilling at Mt Alexander in WA after identifying a large conductive feature at Fish Hook prospect through magnetotelluric (MT) and audio-magnetotelluric (AMT) surveys.

The new conductive feature is below the high-order nickel-copper soil anomaly at Fish Hook and is modelled to dip to the northwest, consistent with the known ultramafic stratigraphy elsewhere in the Cathedrals Belt.

Seven reverse circulation (RC) reconnaissance drill holes have been completed at Fish Hook but were too shallow to intersect the new conductive feature, which commences 250 metres below surface.

Additional drilling is planned to test this compelling target for nickel-copper sulphides.

“Exciting time”[hhmc]
Executive chairman John Prineas said: “Diamond drilling of the deeper MT conductive targets will start shortly and we are excited to have another high-quality target to drill at the Fish Hook prospect.[hhmc]
“The resource drill-out at Stricklands..

St George Mining Ltd (ASX:SGQ) has stepped up the pace of drilling at Mt Alexander in WA after identifying a large conductive feature at Fish Hook prospect through magnetotelluric (MT) and audio-magnetotelluric (AMT) surveys.

The new conductive feature is below the high-order nickel-copper soil anomaly at Fish Hook and is modelled to dip to the northwest, consistent with the known ultramafic stratigraphy elsewhere in the Cathedrals Belt.

Seven reverse circulation (RC) reconnaissance drill holes have been completed at Fish Hook but were too shallow to intersect the new conductive feature, which commences 250 metres below surface.

Additional drilling is planned to test this compelling target for nickel-copper sulphides.

“Exciting time”

Executive chairman John Prineas said: “Diamond drilling of the deeper MT conductive targets will start shortly and we are excited to have another high-quality target to drill at the Fish Hook prospect.


“The resource drill-out at Stricklands is also underway and we look forward to completing the scoping study for what we believe could be a low-capex, high-margin mining operation at Stricklands.

“This is an exciting time for St George Mining.”

Diamond rigs due on-site


The first of two diamond drill rigs is due to arrive at the site this weekend with the second diamond drill rig also expected shortly.

Diamond drilling will focus on testing the new, deeper conductive features identified by the MT/AMT surveys with targets at Investigators prospect the first of the deeper nickel-copper sulphide targets to be drilled.

Six metallurgical drill holes will also be completed by diamond drilling at the Stricklands prospect as part of the scoping study into a potential mining operation.

Map of the Cathedrals Belt showing areas of planned drilling and overlaying interpreted geology and magnetics.

Additional MT/AMT Survey


Modelling of the remaining MT/AMT survey data is progressing and further results are expected next week.

Drill targets will be designed for West End and FairRead More – Source

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Australia

Technology Metals has $2 million raising backed by major Tinci Materials shareholder

Technology Metals Australia Ltd (ASX:TMT) has received commitments for a fully subscribed placement of up to 13.66 million shares at 15 cents per share to raise approximately $2.049 million before costs.

The company is pleased with the continued support of strategic domestic and international investors and welcomes an initial investment by Mr Xu Jinfu, chairman and major shareholder of Guangzhou Tinci Materials Technology Co Ltd.

Tinci Materials is a leading manufacturer and marketer of battery materials.

Funds to progress vanadium project[hhmc]
Funds raised will be used to progress development of the Gabanintha Vanadium Project in WA, including advancing environmental work in support of the preparation of an Environmental Review Document.

Participants in the placement will receive a 1 for 2 free attaching option exercisable at 25 cents per share on or before June 15, 2022.

The strategic investors offer a wealth of experience and contacts in technology metals key customer markets ..

Technology Metals Australia Ltd (ASX:TMT) has received commitments for a fully subscribed placement of up to 13.66 million shares at 15 cents per share to raise approximately $2.049 million before costs.

The company is pleased with the continued support of strategic domestic and international investors and welcomes an initial investment by Mr Xu Jinfu, chairman and major shareholder of Guangzhou Tinci Materials Technology Co Ltd.

Tinci Materials is a leading manufacturer and marketer of battery materials.

Funds to progress vanadium project


Funds raised will be used to progress development of the Gabanintha Vanadium Project in WA, including advancing environmental work in support of the preparation of an Environmental Review Document.

Participants in the placement will receive a 1 for 2 free attaching option exercisable at 25 cents per share on or before June 15, 2022.

The strategic investors offer a wealth of experience and contacts in technology metals key customer markets as well as significant operational experience and investments within the rapidly emerging battery metals markets.

Placement capacity


The placement will be conducted under the companys current placement capacity in line with ASX Listing Rule 7.1 and 7.1A:

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