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Beadell Resources Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tucano | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-10-2017: Beadell Resources Ltd. announces an Exploration/Drilling Update report for its Tucano deposit at the Tucano project. Drilling results incl. 3m @ 52.15g/t Au from 12m. Beadell Resources Limited (Beadell or Company) is pleased to provide an expl | |
| 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. Beadell is pleased to report the first diamond drill hole at Mutum intersected 5.6 m @ 5.17 g/t gold in a west dipping mineralised zone. The Mutum anomaly is 20 km east of the Tucano mill and comprises an 8 km soil anomaly that is interpreted to be hosted in a Banded Iron Formation unit (BIF). Previous shallow blast hole drilling intersected gold mineralisation close to surface. A second diamond hole is underway and the Mutum anomaly will be systematically drilled this quarter with a 5,000 m RC program and 1,000 m diamond drilling scheduled to be completed before year end. Along the Tap AB mine corridor impressive drill results were received from the Tap AB1 Trough, intersecting multiple lodes a further 40 m down plunge and further confirming depth potential with the first high grade mineralisation encountered in fresh rock below the Tap AB1 Trough. A new high grade result was intersected in the schist at Neo East on the southern edge of the top of Monkey Hill. A new shallow oxide lode was discovered at Urso, 200 m north of Tap AB3 open pit and within 1,500 m of the CIL plant. | |
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