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Barra Resources Ltd.
Summary
| Project: | Burbanks | |
|---|---|---|
| Deposit: | Burbanks | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-9-2019: Barra Resources Ltd. announces a Scoping Study report for its Burbanks deposit at the Burbanks project. Scoping study results for Burbanks gold project. Snowden Mining Industry Consultants Pty Ltd (Snowden) completed a Scoping Study of the Burb | |
| Resources: | (Resource, I+I): 1235Kt @ 3.7g/t Au for 145700oz Au contained project total | |
| CP/QP: | [Resources]: Andrew Bewsher, Richard Buerger (BM Geological Services;Mining Plus Pty Ltd.) | |
| ABSTRACT: | Snowden Mining Industry Consultants Pty Ltd (Snowden) completed a Scoping Study of the Burbanks Gold Project (“Burbanks” or “the Project”) located 9km south of Coolgardie in Western Australia (Figure 1), owned by Barra Resources Limited (“Barra” or “the Company”). The Scoping Study identified the potential for shallow underground mining at the Birthday Gift and Main Lode Gold Mines. Barra updated its global Mineral Resource in August 2018, with the reporting of the Burbanks North Mineral Resource. The total Indicated and Inferred Mineral Resource for the Burbanks Gold Project is 1.2 Million Tonnes (Mt) at 3.7 g/t Au for 145,700 ounces of gold (Table 1). The position of the Mineral Resource within the strike of the Project is shown in Figure 2. Barra’s Managing Director and CEO Sean Gregory said, “We are pleased to have completed this Scoping Study which not only identifies the potential to realise cash flow from underground mining, but more importantly it reinforces the potential economic nature of our recent gold discoveries at Burbanks which remain open in all directions and vastly underexplored at depth. Especially considering their immediate proximity between two high-grade and productive gold mines separated by only 800m. We will be applying our recently advanced geological and economic understanding of the deposits to further drilling at Main Lode scheduled to begin next month.” | |
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