The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Bellavista Resources (BVR) identifies a host of “highly promising” base metals drill targets at its Brumby project in Western Australia
  • The findings follow “strong” geophysical and petrology results, which the company says support its strategy to close in on high-grade mineralisation at the project
  • In light of these results, Bellavista will fast-track its planned airborne geophysics surveys over the area, with diamond drilling to begin testing the priority anomalies by the end of the month
  • Bellavista Resources was last trading at 16.5 cents at 12:43 pm AEDT

Bellavista Resources (BVR) has identified a host of “highly promising” base metals drill targets at its Brumby project in Western Australia.

The findings followed “strong” geophysical and petrology results, which the company said supported its strategy to close in on high-grade mineralisation at the project.

The surveys were conducted after the company received drill results from a program last year that displayed extensive zinc, silver and copper mineralisation over a 30-square-kilometre footprint.

The ”highly promising” anomalies were then identified via passive seismic and electromagnetic surveys and petrology.

Bellavista Executive Director Mick Wilson said the data revealed a “strong body of evidence” that supported their prospectivity.

“The next round of geophysics is aimed at further refining zones of base metal enrichment over the 175 kilometres of project strike,” Mr Wilson said.

“This will ensure we have a significant amount of quality information on which to base our 2023 drilling programs, starting with diamond drilling in a few weeks’ time.”

In light of these results, Bellavista said it would fast-track its planned airborne geophysics surveys.

Following this, diamond drilling to test the priorities anomalies is expected to start by the end of the month.

Bellavista Resources shares were last trading at 16.5 cents at 12:43 pm AEDT.

BVR by the numbers
More From The Market Online
The Market Online Video

Daily ASX Market Close: Solid session as Index lifts 0.77% | June 3, 2024

The ASX200 held its ground throughout the session, to close about three quarters of a per…
The Market Online Video

Daily ASX Market Update: Strike’s ahead on Walyering news while Hancock Prospecting stakes bigger claim on Vulcan – June 3, 2024

The ASX200 is up three quarters of a per cent. The Energy sector spurred early gains,…
The Market Online Video

Daily ASX Market Open: Shares to open up with wages decision pending -June 1, 2024

THE ASX is due to open the week higher, by at least half-a-percent, with eager eyes…
The Market Online Video

Market Open: ASX to rise as US markets shrug off hot PPI data

Good morning! With the budget revealing the Government’s upping net spending, the ASX200’s set to add more…