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Barra Resources Ltd.
Summary
| Project: | Burbanks | |
|---|---|---|
| Deposit: | Main Lode | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2017: Barra Resources Ltd. announces an Exploration/Drilling Update report for its Main Lode deposit at the Burbanks project. Drilling results incl. 3m @ 1.08g/t Au from 295. Barra Resources Limited (‘Barra’ or the ‘Company’) is pleased to announce t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gary Harvey (Internal) | |
| ABSTRACT: | Barra Resources Limited (‘Barra’ or the ‘Company’) is pleased to announce the results of its recent reverse circulation (RC) drill hole program at the historic Main Lode Gold Mine (Main Lode) at its Burbanks Project, located 9km south of Coolgardie, Western Australia. The Company recently completed its first deep RC hole (BBRC256) aimed to test a target area below the historical mined high-grade zone on Level 6. The target area was based on an interpretation of the historic Main Lode long section which suggested high-grade lodes in the northern section of the mine have a moderate north plunging orientation, and that these lodes may extend at depth (Figure1). This was successfully achieved with hole BBRC256 intersecting 3.0m @ 1.08g/t Au within the target area, down-plunge of previous mining activity on Level 6, confirming both the continuation of the host shear and that it remains mineralised and open at depth (Figure 2). Importantly, the mineral assemblage of quartz + carbonate + chlorite + pyrite observed in BBRC256 is indicative of the lower-grade halo proximal to high-grade mineralisation. This alteration halo assemblage was observed in the recent RC drilling program in February which intersected multiple highgrade lodes within the same host shear (refer: ASX Release dated 14th March 2017). The result of this drill hole is significant as it has increased Barra’s knowledge of the Main Lode system, serving to improve our exploration strategy for targeting new high-grade lodes in the future. | |
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