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Breaker Resources NL
Summary
| Project: | Lake Roe | |
|---|---|---|
| Deposit: | Bombora | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 29-4-2019: Breaker Resources NL announces an Exploration/Drilling Update report for its Bombora deposit at the Lake Roe project. Drilling results incl. 14.0m @ 18.86g/t Au from 245m. Breaker Resources NL (ASX: BRB) is pleased to report more strong drillin | |
| Resources: | (Resource, I+I): 24.599Mt @ 1.4g/t Au for 1.084Moz Au contained at Bombora | |
| CP/QP: | [Overall Report]: Tom Sanders (Internal) | |
| ABSTRACT: | Breaker Resources NL (ASX: BRB) is pleased to report more strong drilling results which continue to extend the 1.1Moz# Bombora gold deposit at the Lake Roe Project, 100km east of Kalgoorlie in WA. The latest results relate to 14,248m of drilling (82 holes) which successfully returned significant results to the north, the south and at depth of the Bombora gold deposit, which remains open in all directions. The results continue to enhance the open pit potential, which is the subject of an ongoing prefeasibility study (PFS). Much of the drilling was designed to identify the outer limit of open pit mining in preparation for finalising the open pit PFS, or to reassess the Resource classification in several areas. Some of the deeper drilling, aimed at further assessing the scope for underground mining, encountered a best intersection of 6.82m @ 36.87g/t Au (BBRD1135), further enhancing the potential at depth. Breaker Executive Chairman Tom Sanders said that preparation for the revised resource model was taking longer than anticipated due to the scale and geometry of the deposit and the volume of data. “It is vital that we get the modelling and geological domaining right to build a solid technical foundation in preparation for the open pit PFS,” Mr Sanders said. “It is well worth taking a little more time to get this right and ensure we maximise the opportunity that we have. “We also need to build flexibility into the open pit PFS, such as the use of variable lower cut-off grades, to gauge the effect on mineable ounces. And we need to do this for three lode orientations and zones of stockwork mineralisation extending over three kilometres. “The pause in the resource drilling will give us time to reset and plan the next phase, although this pause is likely to be short-lived as the Bombora deposit is still open in all dimensions. “In the meantime, ongoing exploration with an aircore and reverse circulation (RC) drill rig is planned to open up new work areas and further expand the discovery footprint.” | |
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