Beadell hits high-grades outside Duckhead

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THE DRILL SERGEANT: Beadell Resources (ASX: BDR) has achieved further high-grade drill results from the Duckhead Main Lode at the company’s 100 per cent-owned Tucano gold mine in Brazil.

The results include:
 
19 metres at 62.8 grams per tonne gold, including 7m at 162.8g/t gold; and

27m at 6.2g/t gold, including 5m at 24.6g/t gold.

 

Plan view of Duckhead showing new result and step out drilling. Source: Company announcement

 

Both these results are outside of the Duckhead current resource/reserve wireframe model and have been interpreted by Beadell to be a direct extension of previously announced results of 31m at 490.8g/t gold, including a metre assay of 14,018.6g/t or 1.4 per cent.

The company currently has a program of step out diamond and RC drilling underway targeting direct extensions to the Duckhead lodes and exploring for new lodes in the immediate Duckhead area.

Additional infill drilling in the gap/saddle area between Tap AB2 and Tap AB3 open pits has intersected the previously unknown Lookout Lode.

The results include:

12m at 9.8g/t gold from 12m to bottom of hole (BOH);

13m at 17.7g/t gold from 11 m to BOH;

5m at 21.5g/t gold from 17m; and

5m at 15.2 g/t gold from 17m.

Beadell said the new Lookout Lode will add incremental and immediately accessible reserve ounces to the Tap AB open pit.

The company claims the new results have confirmed the existence of an ultra-high-grade shoot/spur extending off the Main Lode to the west.

“Previous modelling of the Main Lode had interpreted a steep change in dip and orientation of the Main Lode to link up with deeper very high grade results,” Beadell Resources said in its ASX announcement

“Whilst this interpretation remains intact, it now appears that the change in dip of the Main Lode is associated with the intersection of two mineralised structures rather than a single mineralised structure.

‘The Main Lode structure plunging moderately west from surface, now appears to continue past the point of intersection with the deeper Main Lode structure for at least 20 m to where the new high grade results are located.

“Further drilling is required to close off this extension/spur off the Main Lode; however, the new results will add incremental reserve ounces ensuring continued positive ounce reconciliation.”

Beadell has also commenced step out exploration diamond drilling with a deep framework hole targeting lode repetitions south of the Wing Lode that will also test the down plunge potential of the known Lodes.

The company explained the drilling is aimed at defining an underground resource at Duckhead below the shallow open pit.

Beadell considers Duckhead to have excellent potential for future underground development if the exploration drilling can define the down-plunge continuation of the known lodes.

Email: info@beadellresources.com.au

Website: www.beadellresources.com.au