Beadell Resources continues encouraging drill results at Tucano

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THE DRILL SERGEANT: Beadell Resources (ASX: BDR) announced new drill results from the recent Neo Lode discovery, located east of the Tap AB1 open pit, part of the company’s 100 per cent-owned Tucano gold mine in Brazil.

Neo Lode Discovery at Tap AB1

GCRC16565
7 metres at 17.49 grams per tonne gold, including 1m at 109.1g/t gold;

F01591
12m at 4.67g/t gold; and

GCRC16438
20m at 2.08g/t gold.

“The significance of the new results from Neo Lode is yet to be fully understood however this represents a new target horizon in the footwall that has previously been considered to be of low prospectivity,” Beadell Resources said in its ASX announcement.

“The new zone remains completely open at depth and along strike.”

Beadell also announced further drill results from an additional four diamond holes drilled at Urucum Underground at Tucano.

Urucum Underground Results

FD1404
Lode 1 3.5m at 3.92g/t gold.
Lode 2 4.4m at 12.42g/t gold.

FD1414
Lode 1 6m at 8.26g/t gold, including 3m at 16.15g/t gold.
Lode 2 1.9m at 2.78g/t gold

FD1416
Lode 1 11.5m at 4.4g/t gold, including 3m at 15.63g/t gold.
Lode 2 16.5m at 4.44 g/t, gold including 12.2m at 5.5 g/t gold.

“The results continue to show good continuity of the Central Lode 1 shoot which plunges gently to the north over a strike length in excess of 500 metres,” the company said.

“Drilling at Urucum Underground will be completed at the end of August when open pit mining at Urucum North commences in earnest.

“Results from the Urucum underground drilling program will be used to complete an underground resource model that will lead into completion of prefeasibility studies by an external consulting company by the end of 2015.”

Email: info@beadellresources.com.au

Website: www.beadellresources.com.au