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Breaker Resources NL

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Summary

Project:

Lake Roe

Deposit:Bombora
Location:Australia
Commodities:Gold
Date:9/20/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:20-9-2016: Breaker Resources NL announces an Exploration/Drilling Update report for its Bombora deposit at the Lake Roe project. Drilling results incl. 26m @ 2.55g/t Au from 19m. Breaker Resources NL (ASX: BRB, Breaker) is pleased to advise that wide, sha
Resources:x
CP/QP:[Overall Report]: Tom Sanders, Alastair Barker (Internal)
ABSTRACT:Breaker Resources NL (ASX: BRB, Breaker) is pleased to advise that wide, shallow, high-grade gold mineralisation has been encountered by reconnaissance reverse circulation (RC) drilling between the Bombora and Bombora North discoveries at the Lake Roe Project, 100km east of Kalgoorlie. The objective of the RC drilling, which is still underway, is to test the 1.2km gap between the Bombora and Bombora North gold discoveries on 200m-spaced drill lines to establish a continuous 2.2km zone of gold mineralisation (Figure 1). Assay results have been received for the initial three drill lines covering a 600m zone directly north of the Bombora discovery (17 drill holes; BBRC0057-0073). Many of the results are preliminary 4m composite samples. Significant gold was intersected on each of the three drill lines tested. An infill drill hole was also completed at Bombora North. This hole (BBRC0057) intersected 11m at 3.11g/t Au from 8m, including 7m at 4.55g/t Au. A full listing of assay results above a nominal 0.2g/t Au cut-off is provided in Appendix 1. Full details of the RC drilling are provided in Annexure 1. Drill holes are shown on Figures 1, 2 and 3. A cross-section of drill line 6601200N is provided in Figure 2. Gold mineralisation occurs in the upper, iron-rich part of a quartz dolerite unit, a significant component of which is granophyric in nature. Mineralisation occurs mainly as sulphideimpregnated fault zones (lodes) with up to 5% pyrite and pyrrhotite accompanied by silica, biotite, chlorite and carbonate alteration and quartz-pyrite veinlets. Mineralised quartz stockwork mineralisation has also been identified.

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