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Barra Resources Ltd.
Summary
| Project: | Burbanks | |
|---|---|---|
| Deposit: | Burbanks North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2019: Barra Resources Ltd. announces an Exploration/Drilling Update report for its Burbanks North deposit at the Burbanks project. Drilling results incl. 20m @ 2.37g/t Au from 8m. In line with its gold strategy, Barra Resources Limited (Barra, the Com | |
| Resources: | (Resource, I+I): 360Kt @ 2.59g/t Au for 29900Oz Au contained | |
| CP/QP: | [Overall Report]: Gary Harvey (Internal) | |
| ABSTRACT: | In line with its gold strategy, Barra Resources Limited (Barra, the Company) has completed its Phase 2 Air Core (AC) drilling program aimed at extending known mineralisation along the Burbanks North Trend, 9km south of Coolgardie, Western Australia (Figure 1). The results shown in Table 1 have already exceeded the Company’s expectations by extending the gold mineralisation at Fangjaw to at least 300m of strike length. Further results are due in over the next few weeks for drilling that tested the system a further 300m to the north, including the area where the Fangjaw shear intersects with the Burbanks North shear. As the drilling utilised the Air Core method, the depth of the drilling was limited to depth at which blade refusal occurred, nominally at the base of weathering. The structures encountered persist at depth where the gold mineralisation remains open and will be tested by future RC drilling campaigns. The remaining results from the second half of the current program will be reported shortly. All mineralised intercepts will then be re-split at one-meter intervals, giving greater resolution of highgrade distribution than the assays of four-metre composite samples reported here on an interim basis. Based on the significant gold mineralisation reported in this interim announcement, the earlier drilling programs1 , and the expectation of further positive results, Barra will now more forward to estimating a maiden shallow oxide Mineral Resource for the Burbanks North Trend. This will continue the trajectory towards realising the previously announced Exploration Target for the Burbanks Project. | |
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