For thousands of other reports visit RSC's Mineral Intellingence Map
Breaker Resources NL
Summary
| Project: | Lake Roe | |
|---|---|---|
| Deposit: | Bombora | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-9-2018: Breaker Resources NL announces a Resource Estimation report for its Bombora deposit at the Lake Roe project. Updated mineral resource estimate at Bombora. Breaker Resources NL (ASX: BRB) is pleased to report an updated Mineral Resource estimate | |
| Resources: | (Resource, I+I): 24.599Mt @ 1.4g/t Au for 1.084Moz Au | |
| CP/QP: | [Resources]: Christine Shore (Internal) | |
| ABSTRACT: | Breaker Resources NL (ASX: BRB) is pleased to report an updated Mineral Resource estimate for the Bombora gold deposit, part of its 100%-owned Lake Roe Gold Project in Western Australia. The updated Mineral Resource, which totals 24.6Mt at 1.4g/t Au for 1,084,000oz (a 74% increase in contained ounces), incorporates the results of a further 25,500m of successful extensional and in-fill drilling completed since the maiden Resource of 18 April 2018 and an improved geological model resulting from an increased understanding of the mineralisation controls. The updated Mineral Resource confirms that the Bombora deposit is a significant greenfields gold discovery and highlights the substantial gold endowment within the broader Lake Roe Project. The Company will now pursue a two-pronged strategy based on crystallising value from the Bombora Mineral Resource while at the same time maintaining an aggressive exploration effort aimed at further expanding the Resource and making new discoveries. A Pre-Feasibility Study is already underway to assess the viability of a standalone open pit mining operation. Once the lower limit of economic open pit mining is determined, the Company also plans to assess the underground potential below this level using cut-off grades more appropriate for underground mining. Early open pit optimisation studies completed at a gold price of A$1,650/oz indicate reasonable prospects for eventual economic extraction. This is supported by the consistent high gold endowment of approximately 5,000 to 6,000 ounces per vertical metre (OVM) to the base of close-spaced drilling at around 150mbs (Figure 1). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report