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 announces discovery of new gold soil anomaly at Tartaruga
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.
