Beadell Resource shows solid gold at West Musgraves

January 14, 2009

Beadell Resources (ASX:BDR) has announced that a significant gold anomaly has been identified from rock chip sampling hosted in  outcropping magmatic hydrothermal breccia, has been identified at the Company’s 100% owned Handpump Prospect in the West Musgraves.

This is the first time primary gold mineralisation of this calibre has been discovered in this area. The sampling has delineated a >100ppb gold mineralised zone up to 58m in width with highest values including 11m @ 516ppb and 13m @ 643ppb (Table 1). The anomaly occurs within a >50ppb, openended and east-west trending mineralised corridor over 300m in width. A RC drill programme is now being designed to test extensions of the Handpump Breccia (Figure 1) along strike to the west and under the rock chip anomaly itself.

The West Musgrave Handpump Prospect is located 90km east of Warburton in the central part of Western Australia.

Forming part of the Mesoproterozic aged Musgrave Complex, it was discovered by WMC Resources as a soil anomaly with a peak gold value of 250ppb however was never drill tested even though it was recognised as a 1M oz target because of heritage access issues. Following the granting of ministerial entry permits and a heritage clearance survey, Beadell Resources immediately completed an extensive programme of soil, rock chip and Aircore drilling during October and November 2008.

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