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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | AB1, AB2, D Sul | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 7/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-7-2016: Beadell Resources Ltd. announces an Exploration/Drilling Update report for its AB1, AB2, D Sul deposit at the Tucano project. Drilling results incl. 13m @ 164g/t Au from 126m at Tap AB2 Trough Lode. Beadell Resources Limited (“Beadell” or “the C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Watkins (Internal) | |
| ABSTRACT: | Beadell Resources Limited (“Beadell” or “the Company”) is pleased to announce the receipt of new high grade oxide drilling results from the Tap AB Mine area at its 100% owned Tucano mine in Brazil (Figures 1-3, Table 1). All results in this release are within 2 km of the Tucano mill. The ongoing results from both the Tap AB1 and Tap AB2 Trough Lodes are significant in that both of these lodes occur where extremely deep weathering along the main contact between the banded iron formation (BIF) and schist has resulted in oxide mineralisation reaching depths in excess of 200 m. The potential to add high grade oxide ounces into the mine plan within 2 km of the plant is very encouraging. With the onset of the dry season, exploration and resource definition drilling is escalating with an additional RC rig mobilising to site bringing the total number of rigs at Tucano to five. Regular news flow is anticipated over the coming months as exploration programs continue at the Tap AB Trough Lodes, Neo Lode and Urucum Underground, while new programs are initiated at Duckhead and first pass RC drilling of the regional Mutum target. In addition, a 9,000 m drill program is planned for August 2016 at the Company’s Tropicana East project in Western Australia. | |
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