re: Ann: High Grade Gold Discovery Confirmed ... Summary from...

re: Ann: High Grade Gold Discovery Confirmed ... Summary from Reuters:

Sydney - Tuesday - January 5: (RWE Australian Business News) -
Beadell Resources Ltd (ASX:BDR) has confirmed a major new gold discovery
within the Tartaruga Project in Brazil with additional face sampling
rock chip results including 192.6g/t, 105.4g/t and 98.2g/t gold over a
mineralised strike length in excess of 400m open in all directions.
The new discovery, called "Rio de Ouro", is only 2km east of the
current resource area of Mineiro and Mandiocal.
These results follow on from the initial announcement of the
discovery where up to 470g/t gold was reported (November 23).
A total of 17 additional rock chip face samples were collected
in late December which averaged 25.3g/t.

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A face sampling traverse completed west of the original 470g/t
rock chip confirmed the continuity of the high-grade shear/vein hosted
gold mineralisation with results up to 105.4g/t gold.
This sampling highlighted the existence of multiple high-grade
parallel zones assaying 14.7g/t and 6.2g/t.
The sampling also demonstrated that lower-grade mineralised
halos to the high-grade zones are also present.
A further face sampling traverse completed in the eastern
extension of the artisanal (garimpo) mining area also intersected very
high-grade mineralisation with results up to 192.6g/t.
A continuous in situ face sample across this whole zone was not
possible due to a 1m area of loose rock material within the core of the
high-grade zone which was not sampled.
Face sampling on the southern margin of the zone intersected
1.7m at 12.5g/t including 20cm at 98.2g/t gold.
The eastern extension of this zone remains completely open.