Bellavista Resources Reports Shallow Gold Mineralisation in BIF and Quartz Veins at Pickle Crow

Sonal Goyal

12 November 2026 10:15 AM AEDT

Bellavista Resources Reports Shallow Gold Mineralisation in BIF and Quartz Veins at Pickle Crow

Image Source: Krish Capital Pty Ltd

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Bellavista Resources (ASX:BVR) has disclosed significant shallow gold mineralisation intersected in Banded Iron Formation (BIF) and quartz veins at its Pickle Crow Gold Project, with the company stating the results reinforce the project's potential and support an open pit mining strategy.

Key Points

Significant shallow gold mineralisation intersected in Banded Iron Formation (BIF) and quartz veins at the Pickle Crow Gold Project
BIF gold grades and widths are described as amenable to potential open pit mining and were previously ignored in historical mining
Results support an open pit strategy that also has the potential to unlock an underground high-grade Inferred Resource
The cover image of the presentation shows visible gold in a laminated quartz-tourmaline-gold vein from drillhole AUDD0102

Pickle Crow Gold Project Drilling Results

According to the filing, Bellavista Resources disclosed that significant shallow gold mineralisation has been intersected in Banded Iron Formation and quartz veins at the Pickle Crow Gold Project. The company stated that BIF gold grades and widths are amenable to potential open pit mining. The filing further noted that this style of mineralisation had been previously ignored in historical mining at the project. The presentation references assay results from drillhole AUDD0102, with the company's filing dated 2 February 2026 cited as the source of assay results for that hole.

Open Pit Strategy and Underground Resource

The filing states that the drilling results support the company's open pit strategy at Pickle Crow. In addition, the company disclosed that the open pit approach has the potential to unlock the underground high-grade Inferred Resource at the project. The presentation references earlier company announcements, including one titled "First Pickle Crow Assay Results Support Open Pit Strategy" released on 22 October 2026 and another titled "More Gold Assays Highlight Open Pit," which contain additional exploration results and the Mineral Resource estimate for the Pickle Crow Project.

Mineral Resource Reporting and JORC Compliance

The filing states that information relating to exploration results for the Pickle Crow Project and the Sioux Lookout Project, as well as the Mineral Resource estimate for the Pickle Crow Project, has been extracted from previous company announcements lodged with the ASX. The company disclosed that its mineral resource estimates comply with the JORC Code. The filing also noted that JORC-compliant mineral resources may not comply with reporting requirements under relevant guidelines in other countries, including those applicable in Canada and the United States, and that readers should not assume mineral resources will be converted to ore reserves.

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