Perth, May 6, 2008 AEST (ABN Newswire) - Bellamel Mining Limited (ASX:BMM) is very pleased to announce that the JORC resource at its Kalgoorlie West Gold Project has been increased by 140% to approximately 1.7 million ounces of gold.
The updated resource estimate brings the total resource for the Kalgoorlie West Project to 44 million tonnes at 1.19g/t gold for 1.68 million ounces of contained gold. The resource is classified as follows and includes approximately one million ounces in the Measured and Indicated categories:
-----------------------------------------Class Tonnes Grade(g/t) Ounces Au-----------------------------------------Measured 9,137,000 1.20 331,375Indicated 12,541,000 1.41 567,040Inferred 22,300,000 1.10 784,265-----------------------------------------Total 43,979,000 1.19 1,682,380-----------------------------------------
New resources have been calculated for the Centurion, Fort William, Fort Scott and Navajo Chief Deposits as tabulated below.
----------------------------------------------Deposit Tonnes Grade(g/t) Ounces Au----------------------------------------------Centurion 6,235,000 1.17 234,290Fort William 5,148,000 1.84 303,960Fort Scott 130,000 2.02 8,450Navajo Chief* 29,073,000 1.01 945,480----------------------------------------------*The Navajo Chief Deposit includes the 5 smaller deposits previously reported as Navajo North, South & West and Beaver & Beaver East Deposits
The complete resource table is attached to this announcement. The Company is confident that these resources will be further increased by the current drilling during 2008.
The Company has also commenced a scoping study to assess the viability of mining these resources. A mining engineer has been contracted and initial metallurgical test work is planned. New JORC resources are being calculated for an additional seven deposits previously delineated within the Kalgoorlie West Project and will be announced over the next six months.
The Company is rapidly advancing exploration efforts at the Kalgoorlie West Gold Project with the aim of further increasing the current resource base. The Company currently has two drilling rigs on site and exploration programmes will continue throughout 2008. The Company anticipates further strong news flow off the back of the current drilling and resource modeling program.
Contact
Matthew Wood
Chairman
Tel: +61-8-9321-4255
Media:
Bill Kemmery
Mob: +61-400-122-449
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