Bellevue Gold Project

The Bellevue Gold Project is located in the Leinster region of Western Australia, 350km north-west of Kalgoorlie. The Bellevue mine was historically one of Western Australia’s premier gold mines, with historic production exceeding 750,000 ounces of gold. Monarch acquired the Bellevue Project as part of its merger with Siberia Mining Corporation in March 2006, which positioned the Company as the largest Australian-controlled land holder in the prolific gold mining region to the north-west of Kalgoorlie.

Current resources for the Bellevue Project stand at 296,000 tonnes @ 12.4 g/t for 118,000 ounces of gold. The Bellevue ground package offers significant development potential, being located in the northern portion of the Norseman-Wiluna Greenstone Belt, between the Keith-Kilkenny Lineament to the east and the Ida Lineament to the west. 

Historic mining at Bellevue conducted by past owners, Barrick Gold ceased at a depth of approximately 400 metres where mineralisation was terminated by the Highway Fault.  However, further drilling along strike to the south of the main ore body uncovered a new region of mineralisation, later called the Southern Belle deposit.  Southern Belle has a resource of 195,000 tonnes @ 11.5g/t Au for 72,100 ounces and has returned drill intercepts including 6.15 metres @ 16.02 g/t from 389 metres down hole.

Importantly, the Southern Belle deposit exhibits a style of mineralisation very similar to the main Bellevue lode and may represent an extension or repeat of the same system west of the Highway Fault – offering significant exploration and development potential. Access to the Southern Belle lode could be gained through development of an 800 metre drive, dewatering and refurbishment of the existing underground workings which closed in 1997.

Monarch is currently developing a comprehensive exploration program for the Bellevue Project focused initially on expanding the current resource for the Southern Belle deposit.