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Market: ASX
Sector: Gold Mining
Epic: ASX:BDR
News: Latest news
Web Site: Beadell Resources
Other Articles: 07-01-201005-01-201001-12-2009

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Beadell Resources

Beadell Resources

Beadell Resources Limited (ASX: BDR) was incorporated in May 2007 to acquire mineral interests throughout Australia and Brazil, with an emphasis on gold.

Beadell's exploration tenements form a portfolio from advanced drill-ready targets at the Tartaruga Project in Northern Brazil and Reedy Creek Project in Victoria, to greenfields exploration projects in the remote central eastern parts of Western Australia. The Tartaruga Project in Brazil contains gold exploration assets which have the potential for early development.

 

Tuesday, December 01, 2009

Beadell Resources announces discovery of new gold soil anomaly at Tartaruga

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Beadell Resources (ASX: BDR) has announced a significant new gold soil anomaly “Jucelino” has been discovered 1.5 km south of the main Mandiocal and Mineiro resource area in Brazil.

This new undrilled soil anomaly in addition to the high grade “Rio de Ouro” discovery announced last week further demonstrates the significant potential to rapidly grow the resource base at Tartaruga heading towards development of the project.

The new soil anomaly is located on a parallel mineralised shear zone 1.5 km south of the main Mineiro Shear known as the “Jucelino” trend. Recent soil sampling on 400 m x 100m spacing has identified a contiguous greater than 0.1 g/t soil anomaly over a 2 km strike length.

The size and magnitude of this anomaly is comparable to the main resource area at Mandiocal and Mineiro where JORC inferred resources total 5.5 Mt @ 1.6 g/t gold for 279,000 oz.

The large soil anomaly covering the main resource area is thought to be exaggerated by the effect of historical artisanal mining in that area and would have produced a smaller surface geochemical footprint prior to “Garimpeiro” activities.

The new soil anomaly at Jucelino has no historical workings except for a large 50 m x 50 m wide open pit approximately 1,000 m to the west.

Beadell completed 2 diamond holes beneath the pit in 2008 intersecting a large altered shear zone with anomalous gold up to 1.3 g/t.

The Jucelino area consists mostly of shallow lateritic soils with occasional outcrop.

Importantly both scattered float of quartzite and tonalite were noted in the area of the anomaly and are considered good host and source rocks for gold mineralisation respectively.

Beadell managing director Peter Bowler said the Jucelino soil anomaly represented a new and exciting drill target and together with the new undrilled Rio de Ouro discovery will form the basis of a significant resource delineation drilling program in early 2010.

"Both the Jucelino and Rio de Ouro targets are located in open rolling plains and a conventional aircore and reverse circulation drill rig will allow rapid evaluation of the targets," Mr Bowler said.

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