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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tucano | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 5/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-5-2018: Beadell Resources Ltd. announces an Exploration/Drilling Update report for its Tucano deposit at the Tucano project. Drilling results incl. 15m @ 27.23g/t Au from 29m. Beadell Resources Limited (Beadell or Company) reserve pit infill and resour | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Watkins (Internal) | |
| ABSTRACT: | Beadell Resources Limited (Beadell or Company) reserve pit infill and resource delineation drill programs continue to demonstrate the organic growth potential of Tucano’s reserves. Commenting, Simon Jackson, CEO and Managing Director said: “Our mine corridor infill, resource delineation and exploration drill programs continue to demonstrate proof of concept that there is significant upside potential in the existing mine corridor which presents an opportunity to deliver near term, low cost, high quality gold ounces into our production pipeline.’’ Infill drill results from the Tap AB1 Trough Lode (Fig. 1) confirm the high grade tenor and width of the shoots planned to be mined over the remainder of 2018 (Table 1). The continuity of the very high grade central core zones in the Tap AB1 Trough Lode is demonstrated with 15 m @ 27.23 g/t gold from 29 m (including 1 m @ 344.24 g/t) intersected in the upper part of the lode. Importantly, the core high grade zones of the Tap AB1 Trough Lode shown by the > 160 gram x meter blue contour in Fig. 2 has just commenced mining, and most of the material movement to date has been on the lower grade upper sections of the deposit, from the top of Monkey Hill (at 270 m RL) down to the 31 March 2018 mined surface (at 110 m RL, Fig. 2). | |
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