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Barra Resources Ltd.
Summary
| Project: | Burbanks | |
|---|---|---|
| Deposit: | Burbanks North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2019: Barra Resources Ltd. announces a Resource Estimation report for its Burbanks North deposit at the Burbanks project. Initial mineral resource estimate for the Burbanks North deposit. Barra Resources Limited (Barra or the Company) is pleased to an | |
| Resources: | (Resource, Inf.): 359,998t @ 1.76g/t Au at Burbanks North | |
| CP/QP: | [Resources]: Andrew Bewsher (BM Geological Services) | |
| ABSTRACT: | Barra Resources Limited (Barra or the Company) is pleased to announce a maiden Inferred Mineral Resource of approximately 20,400 Oz at 1.76 g/t gold, reported in accordance with the 2012 JORC Code, for the Burbanks North Trend at its 100% owned Burbanks Gold Project, 9 km south of Coolgardie in Western Australia. The Burbanks North Trend is located just 700m north of the Company’s Burbanks Mining Centre which includes the Birthday Gift and Main Lode Underground Mines and several open pits that are currently in care and maintenance. Barra has been steadily increasing its Mineral Resources at its Coolgardie Gold Projects following a strategic update to its gold strategy ahead of a sustainable re-start in mining operations. Adding the Burbanks North Mineral Resource together with existing Resources at Birthday Gift and Main Lode, the Burbanks Project total Mineral Resource now spans over 2.8km in strike length along the Burbanks Shear and is fast becoming an extensive and significant mineralised system still with vastly untested depth potential. Barra engaged BM Geological Services (BMGS) to complete a Mineral Resource Estimate (MRE) for the Burbanks North Trend (Burbanks North). The MRE, classified as Inferred (Table 1, Figure 2) is defined between 6750N and 7700N (local grid) and from surface to the 270mRL, a vertical depth of approximately 90m below surface, and prepared as a potential open-pit resource. The July 2019 MRE contains 359,998 tonnes at 1.76 g/t Au for 20,359 ounces gold at a 1.0 g/t lower cut-off (Table 1). | |
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