Beadell Resources continues to make Duckhead bigger

THE DRILL SERGEANT: The latest drilling results for Beadell Resources (ASX: BDR) have provided another growth spurt to the Duckhead open pit oxide gold deposit at the company’s 100 per cent-owned Tucano gold mine, located in Brazil.

According to Beadell, recently-completed infill drilling within the reserve open pit has identified a new zone of gold mineralisation 50 metres northeast of the Hangingwall Lode where RC drilling intersected:

24 metres at 7.1 grams per tonne gold from 0 metres to BOH; (Hole GCRC8580)

24m at 14.6g/t gold from 0m to BOH, including 1m at 50.8g/t gold BOH; (Hole GCRC8581)

6m at 7.6g/t gold from 0m; and (Hole GCRC8579)

14m at 1.8g/t gold from 8m. (Hole GCRC8556)

“Infill grade control RC drilling of the Main Lode and Hangingwall Lodes has again recorded drill results in excess of previous wider spaced drilling ensuring further positive reconciliation will continue,” Beadell Resources said in its ASX announcement.

 

Duckhead plan showing location of significant grade control result. Source: Company announcement

 

Drill results from the Main Lode include:

20m at 75.8g/t gold from 0m. (Hole GCRC8671)

This intersection included a new small zone of gold mineralisation, which the company has interpreted to be a spur or splay off the main lode with:

6m at 240.4g/t gold from 0m, including 1m at 1,299g/t gold from 2m.

This intersection is outside the resource wireframes.

Other results from the Main Lode included:

8m at 163.4g/t gold from 19m, including 4m at 320.3g/t gold from 19m; (Hole GCRC8672)

18m at 81.5g/t gold from 6m, including 3m at 481.6g/t gold from 7m; (Hole GCRC8673)

8m at 30.4g/t gold from 27m, including 3m at 76.4g/t gold from 27m; (Hole GCRC8674)

18m at 37.7g/t gold from 27m, including 1m at 477.7g/t gold from 29m; and (Hole GCRC8679)

9m at 70.4g/t gold from 15m, including 3m at 178.7g/t gold from 20m. (Hole GCRC8492)

Beadell also conducted infill drilling of the Hangingwall Lode, which the company said continues to deliver results over and above the tenor and width it originally used in the resource and reserve model.

“The drilling indicates that the Hangingwall lode blows out to approximately 50 metres wide and 100 metres strike at the surface and then narrows to approximately 20 metres wide at depth,” Beadell said.

New Hangingwall results include:

18m at 7.2g/t gold from 1m; (Hole GCRC8573)

15m at 9.7g/t gold from 0m; (Hole GCRC8595)

24m at 6.7g/t gold from 0m to BOH; and (Hole GCRC8607)

14m at 7.7g/t gold from 0m. (Hole GCRC8608)

Beadell also completed an exploration and resource extension drilling program on the Duckhead Near pit and regional targets, which recorded encouraging gold results in first pass RC drilling at the North Limb target, including:

4m at 3.1g/t gold from 26m. (Hole FVM322)

Beadell explained this result forms a strike of greater than 80m of newly-discovered gold mineralisation along strike of a recently recorded result of 8m at 2.1g/t gold from 6m, including 1m at 12.9g/t gold from 12m.

Email:
info@beadellresources.com.au

Website
www.beadellresources.com.au