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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tab AB, Torres, Duckhead | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 2/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-2-2017: Beadell Resources Ltd. announces an Exploration/Drilling Update report for its Tab AB, Torres, Duckhead deposit at the Tucano project. Drilling results incl. 20m @ 27.96g/t Au from 35m. Beadell Resources Limited (Beadell or Company) is pleased t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Watkins (Internal) | |
| ABSTRACT: | Beadell Resources Limited (Beadell or Company) is pleased to provide an exploration update from its 100% owned Tucano gold mine in northern Brazil. Exploration drilling at Tucano has continued to deliver strong results from extensions to multiple subparallel gold lodes that remain open below the Tap AB open pit reserve. In addition a new mineralised trend > 1 km long at Torres/Tap AB Sul is emerging as a high priority target for gold oxide resource additions. It is located along the same deep weathering contact zone between the Banded Iron Formation (BIF) and schist that hosts the very high-grade Tap AB1 and Tap AB2 Trough Lodes and the Duckhead Main Lode deposit. The new drilling results announced today and those received since the discovery of the high-grade Tap AB1 Trough Lode in early 2016 are being used to remodel and re-estimate the Tap AB resource. The results of this work and subsequent re-optimisation of the Tap AB open pit reserve will be completed and reported in an annual update of resource and reserves around the end of this quarter. Commenting, Simon Jackson, CEO and Managing Director said: “These new results continue to improve the quality and quantity of gold mineralisation within the Tap AB deposits. With on strike extensions including the Torres/Tap AB Sul areas now taking shape, we believe that there remains significant upside within 2 kilometres of the Tucano plant. Coupled with a large, under explored, contiguous land position, this significant upside places Beadell in a strong position to grow its reserves and mine life into the future.” | |
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