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Breaker Resources NL
Summary
| Project: | Lake Roe | |
|---|---|---|
| Deposit: | Bombora | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2018: Breaker Resources NL announces an Exploration/Drilling Update report for its Bombora deposit at the Lake Roe project. Drilling results incl. 21.0m @ 5.74g/t Au from 273m. Breaker Resources NL (ASX: BRB) is pleased to announce further high-grade | |
| Resources: | (Resource, I+I): 11.876Mt @ 1.6g/t Au for 624Koz Au | |
| CP/QP: | [Overall Report]: Tom Sanders, Alastair Barker (Internal) | |
| ABSTRACT: | Breaker Resources NL (ASX: BRB) is pleased to announce further high-grade drilling results that continue to confirm scope to significantly increase the recently announced 624,000oz maiden Resource1 at the Lake Roe gold project, 100km east of Kalgoorlie, WA. The maiden Mineral Resource of 18 April 2018 extends to 130m-200m below surface (mbs) and is limited by the extent of drilling. The new results relate to 8,952m of drilling (20 diamond drill holes and 18 reverse circulation (RC) drill holes) undertaken in the south-central and northern parts of the 2.2km-long Bombora discovery zone (Figure 1). Over half of the drill holes are extensional in nature (outside Resource). The drilling represents the thirteenth round of results since the commencement of resource drilling in February 2017 and forms part of an ongoing program that is progressively closing the drill hole spacing to a nominal 40m x 20m over the full length of the 2.2km-long Bombora discovery. Breaker Executive Chairman Tom Sanders said that the two rounds of drilling results following the maiden Resource in April 2018 have each confirmed significant extensional gold mineralisation. “There is an emerging pattern which provides a solid basis for expecting that the gold resource will grow quickly,” Mr Sanders said. “We are now aiming to delineate 700-800,000oz of open pit mineralisation within the next 7-11 months to provide a base case for a standalone development subject to appropriate feasibility studies. “This does not include the high-grade underground potential that is becoming increasingly evident in areas like the Tura lode. | |
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