Australia

Bellevue Gold in trading halt ahead of capital raising

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 Read More – Source