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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tap AB1 Trough Lode | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-6-2016: Beadell Resources Ltd. announces an Exploration/Drilling Update report for its Tap AB1 Trough Lode deposit at the Tucano project. Drilling results incl. 50m @ 7.65g/t Au from 137m. Beadell Resources Limited (“Beadell” or “the Company”) is pleas | |
| 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 drilling results from the Tap AB1 Trough Lode at its Tucano mine in Brazil. Results from 25 new holes (4,677m) have been received from RC drilling at the Tap AB1 High Grade Trough Lode and are presented as downhole intercepts in Table 1. Mineralisation is hosted in an elongated shoot developed over 150-200 strike metres with a down dip extent of approximately 100 m. Average thickness of mineralization is approximately 20 m and the shoot remains open down plunge to the north. 3 The longsection presented in Figure 2 illustrates the extent of Trough Lode mineralisation intersected to date in the Tap AB1 and Tap AB2 pit areas. The Mata Fome Fault was previously interpreted to have offset the Trough Lode between the pits. However the new high grade intercept in F01930 (50 m @ 7.65 g/t) and a previously reported intercept in hole F01934 (17 m @ 3.59 g/t) suggests that either the Mata Fome Fault dips north (as indicated in Figure 2) or that the Trough Lode continues through the Mata Fome Fault. Both interpretations are positive for the down plunge potential of the Tap AB1 Trough Lode to continue to grow with further drilling. | |
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