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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tucano | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-12-2017: Beadell Resources Ltd. announces a Resource Estimation report for its Tucano deposit at the Tucano project. Updated mineral resources and ore reserves at Tucano. Beadell Resources Limited (Beadell or Company) is pleased to announce an interim | |
| Resources: | (Reserve, P+P): 25.1Mt @ 1.83g/t Au for 1.47Moz Au at project | |
| CP/QP: | [Resources]: Paul Tan, Marcelo Batelochi (Internal) | |
| ABSTRACT: | Beadell Resources Limited (Beadell or Company) is pleased to announce an interim Ore Reserve and Mineral Resource update as at 30 June 2017, produced in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The interim updated resource and reserve includes 58 holes for 12,073 meters of RC and diamond exploration and resource definition drilling completed in the first half of 2017 mostly in the Tap AB complex. The drilling predominantly targeted deeper sections on the Carbonate and AB Trough Lodes and resulted in the discovery of a new lode at Neo East (see ASX release 26 October 2017). Subsequent to the cut-off date for the resource and reserve update, ongoing drilling has had continued success locating a new lode at Urso discovered in between the Tap AB and Tap C deposits. Exploration drilling will further accelerate over the coming months with a second RC rig in operation and recent refurbishment of the existing RC rig completed. Drilling is ongoing at Mutum and Torres and results are anticipated over the new year period. | |
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