Bellavista Resources Reports High-Grade Gold Assays at Pickle Crow, Including 0.7m at 56.2g/t Au

Aditi Sarkar

11 November 2026 12:32 PM AEDT

Bellavista Resources Reports High-Grade Gold Assays at Pickle Crow, Including 0.7m at 56.2g/t Au

Image Source: Krish Capital Pty Ltd

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Bellavista Resources (ASX:BVR) has released further diamond drilling assay results from its Pickle Crow Gold Project, with key intercepts including 0.7m at 56.2g/t Au from 93.0m in hole BVRDD0043 and 4.7m at 9.7g/t Au from 42.4m in hole BVRDD0032, as part of an ongoing resource delineation and extensional drill program expected to continue through the remainder of 2026 and into 2027.

Key Points

Key assay results include 4.7m at 9.7g/t Au from 42.4m in BVRDD0032, 9.6m at 4.5g/t Au from 112.8m in BVRDD0045, and 0.7m at 56.2g/t Au from 93.0m in BVRDD0043
Drilling is focused on the top 260m of the resource, which contains 1Moz gold at 4.1g/t Au at a cut-off grade of 0.5g/t Au, out of a total resource of 2.8Moz at 7.2g/t Au
Updated geological interpretation and resource remodelling is targeted for mid-2027 using open pit cut-off grades and higher gold price assumptions than those used in the 2023 Mineral Resource Estimate
The company reported approximately A$28 million in cash at the end of September 2026

Pickle Crow Drill Results Across Zone 3 and Zone 1

Drilling has moved from the western fringes of the Pickle Crow deposit to the central area of Zone 3 and the northern area of Zone 1. In Zone 3, infill drilling on Section 2425E returned 4.7m at 9.7g/t Au from 42.4m in BVRDD0032 and 2.4m at 10.1g/t Au from 27.6m in BVRDD0046. On Section 2475E, holes BVRDD0042 and BVRDD0045 intersected gold mineralisation with results of 7.6m at 4.2g/t Au from 111.6m and 9.6m at 4.5g/t Au from 112.8m respectively. The mineralised zone in Zone 3 remains open below the 2023 pit shell, according to the filing.

Zone 1 Extensional Drilling Identifies Mineralisation Below 2023 Pit Shell

Extensional drilling in the northern area of Zone 1 on Sections 1400E and 1350E has identified mineralisation below and along strike of intersections from previous drilling. Results achieved below or outside the 2023 Mineral Resource Estimate pit shell optimisations on Section 1400E include 0.7m at 56.2g/t Au from 93.0m in BVRDD0043. Additional results reported across the broader program include 0.4m at 18.6g/t Au from 53.1m and 0.3m at 27.1g/t Au from 67.6m in BVRDD0035, and 5.0m at 1.8g/t Au from 34.5m including 0.3m at 22.8g/t Au from 35.7m in BVRDD0046.

Open Pit Strategy and Resource Remodelling Timeline

Bellavista's open pit strategy is focused on completing the current shallow resource delineation and extensional drill program and re-optimising open pit shells, which were last generated in 2023 at US$1,850 per ounce. The company stated it plans to use a significantly higher gold price and lower open pit cut-off grade in updated pit shell modelling. New results will support updated geological interpretation and resource remodelling targeted for mid-2027. The company disclosed it is also concurrently reviewing existing near-mine and regional gold targets, leveraging its geophysical and geochemical database. The underground resource below 260m contains 1.8Moz at 8.1g/t Au, according to the filing.

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