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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tucano | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 10/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-10-2016: Beadell Resources Ltd. announces an Exploration/Drilling Update report for its Tucano deposit at the Tucano project. Drilling results incl. 28m @ 47.35g/t Au from 31m. Beadell Resources Limited (“Beadell” or “the Company”) is pleased to provid | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Watkins (Internal) | |
| ABSTRACT: | Beadell Resources Limited (“Beadell” or “the Company”) is pleased to provide an exploration update at its 100% owned Tucano mine in Brazil (Figures 1-4, Table 1). Significant results continue to be received from the Tap AB1 and Tap AB2 Trough Lodes, which remain our highest priority drill target for high-grade oxide gold resource definition and extension. Step-out drilling is underway. Encouraging early stage drill results have also been reported from 700-900m south of Tap AB open pit, at the new Torres target, where near surface gold mineralisation was identified on the same contact as the Tap AB Trough Lode. New zones of gold mineralisation were also discovered at Gold Nose, 1 km SE of Duckhead and at Woodpecker, 500 m west of Duckhead. Commenting, Simon Jackson, CEO and Managing Director said: “Our exploration program continues to have success as we drive towards our goal of increasing the quality and quantity of gold reserves at Tucano. The AB1 and AB2 Trough Lodes remain 100% oxide as we follow the high-grade gold mineralisation down plunge. The discovery of new gold mineralisation along strike from the Tap AB complex at Torres and near Duckhead at Woodpecker, illustrates the underexplored nature of the Tucano land position. Importantly, these new holes are all within the current mine corridor, demonstrating considerable upside proximal to the mill.” | |
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