Also BDR has a 2nd Brazilian projectTartaruga Project- AmapaThe...

Also BDR has a 2nd Brazilian project

Tartaruga Project- Amapa

The Tartaruga project is located in the State of Amapa in northern Brazil, 160 km north of Macapa along the main sealed highway leading to French Guyana. The project comprises a Mining Concession application DNPM 851.439/1980 covering 20 000 ha.

In 2008 Beadell completed a major diamond drilling program of over 4000 m in 38 drill holes targeting the main known mineralised zones at Mineiro, Mandiocal and Bananal which form a continuous mineralised trend over a strike length in excess of 2 km. The drilling defined a JORC inferred resource of 5.5 Mt @ 1.6 g/t gold for 279 000 ounces. A higher grade core of mineralisation at a 1.5 g/t lower cut off is estimated at 2.1 Mt @ 2.7g/t for 185 000 ounces. The mineralisation remains open in all directions with excellent potential to rapidly increase the resource with additional drilling.

The Tartaruga project is characterised by an open undulating lateritic landform with all the gold resources located on previously cleared grazing farmland.

All previous drilling on the project, totalling over 10 000 m, has been diamond drilling however there is a great opportunity to use more conventional aircore and RC drilling techniques to cost effectively explore and delineate additional resources at the project.

Options to develop the Tartaruga project are currently being considered with scoping engineering and optimisation studies indicating a robust open pit project at current gold prices. Optimal pit shells at the adjoining Mineiro and Mandiocal deposits are modelled to produce 2.1 Mt @ 1.9 g/t gold for 122 000 oz . Both open pit models bottom in high-grade mineralisation which remain open at depth. Potential to develop a complimentary underground operation at the base of the optimised pits is now being investigated.

Outside of the known resource areas the Tartaruga project has significant exploration upside with almost no drilling completed outside of the main Mineiro trend even though extensive alluvial and hardrock garimpeiro workings exist throughout the project area. Ongoing exploration at the project will aim to increase the resource base to over 500 000 oz of gold prior to a decision to develop the project.