Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	BDR
Latest Price:	0.76 (-0.65% )
52-week High:	0.92
52-week Low:	0.60
Market Cap:	500.01M

1 year chart

1 day chart

Beadell Resources

Beadell Resources (ASX: BDR) is a gold development company. Its primary asset is the Tucano gold project, located in Brazil. Tucano has gold resources of approximately 3 million ounces with 1.2 million ounces in optimised open pits (optimisation based on a US$1000 gold price) plus over 2,500km² of highly prospective gold exploration tenements.

Beadell also has an extensive portfolio of key gold exploration tenements throughout Australia and Brazil, including the prospective Tropicana East Project located adjacent to the Tropicana gold deposit managed by Anglogold Ashanti Australia and the Handpump Prospect located within the West Musgrave Complex of the remote central eastern parts of Western Australia.

Beadell Resources notches high grade gold discovery in Brazil

Monday, November 23, 2009

Investors in Beadell Resources (ASX: BDR) have received a huge boost today, with news of a major new gold discovery of up to 470 g/t gold in Brazil.

Located within the Tartaruga Project in Brazil, face sampling and rock chip results included 470.5 g/t gold, 84.4 g/t gold, 27.4 g/t gold and 18.3 g/t gold over a mineralised strike length - in excess of 400m long open in all directions.

The new discovery, called “Riodeouro” is located only 2 km east of the current resource area of Mineiro and Mandiocal deposits.

The new discovery remains completely undrilled. And is thought to be hosted in the same quartzite unit that hosts the Mineiro and Mandiocal deposit 2 km to the west.

Tartaruga has a current resource of 279,000 ozs of gold. A scoping study pit optimisation on the Mineiro and Mandiocal deposits has indicateed robust cash flows at current gold prices.

The new discovery and other identified ore sources indicate the potential to add significant mine life to the current modelled production profile from the Mineiro and Mandiocal deposits.

Further evaluation of the new discovery as well as development options for the project are being assessed.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.