Draig Resources Ltd (ASX: DRG) is a West Australian gold exploration company. The Company’s core asset is the historic Bellevue Gold Mine in Western Australia which was one of Australia’s highest-grade gold mines producing around 800,000oz @ 15g/t gold.
The mine has been closed and forgotten for over 20 years and has not benefited from modern exploration and development advances. Draig is the first company to apply modern techniques to advance the project. The project has been held by non-gold companies for the last 20 years so Draig has a unique opportunity to revisit and explore this forgotten mine.
The Bellevue Gold Project is located approximately 30km north of Lienster township and sits in a major gold and nickel producing district with mines such as Jundee (Northern Star), Agnew & Lawlers (Goldfields), Darlot (Red 5), Bronzewing (Echo), & Thunderbox (Saracen) all in close proximity.
Since Draig’s acquisition of the Bellevue Project and its recent high-grade gold discovery the company has been making headlines in the press and was the best performing stock on the Australian Stock Exchange in 2017.