Investment in Brazil boosted by new gold discovery?
Date added: 7th October, 2010 at 10:02
(view all articles from October, 2010)
Categories: Natural Resources
Investment in Brazil's natural resources may have received a boost after one company revealed new high-grade gold drill results from a project in the country.
Australia-based Beadell Resources claimed it found 16.4 metres at 11.2 grams per tonne (g/t) of the precious metal at its Tucano facility.
This includes seven metres at 23.9 g/t from its Trough Zone at the Tapereba AB deposit, while further "significant results" were unveiled below the previous optimised pit.
"The results ... highlight the growing potential of the Tapereba AB deposit to deliver high-grade mill feed in the initial years of the operation," the firm said.
According to the enterprise, it will be releasing a more in-depth report into the success of the project next month.
This news comes as the value of gold reached record levels today (October 7th), hitting more than $1,355 (£850) per ounce, with many investors considering it a safe haven for their money during the current global economic downturn.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of gold mines. 
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