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Breaker Resources NL
Summary
| Project: | Lake Roe | |
|---|---|---|
| Deposit: | Lake Roe | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2018: Breaker Resources NL announces an Exploration/Drilling Update report for its Lake Roe deposit at the Lake Roe project. Drilling results incl. 12m @ 6.78g/t Au from 152m. Breaker Resources NL (ASX: BRB) is pleased to announce significant drill re | |
| 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 significant drill results that materially enhance the resource potential to the east and below the recently announced maiden Mineral Resource at the Lake Roe Project, 100km east of Kalgoorlie, WA. The results highlight the potential to expand the Company’s maiden Mineral Resource of 624,000oz grading 1.6g/t Au (ASX Release 18 April 2018). The Resource contains a high-grade component of 306,000oz grading 4.2g/t Au (ASX Release 26 April 2018), defined to a depth of 130m-200m below surface (mbs), the current limit of resource drilling over the 2.2km long Bombora discovery. The maiden Mineral Resource represents the near-surface part of a 2km-long greenfields discovery which forms part of an 8km-long greenfields gold system, the remainder of which has yet to be systematically drill-tested. The new results relate to 5,791m of drilling (23 drill holes) completed in the northern and centralsouthern parts of the 2.2km-long Bombora discovery zone. The new drill holes are located in plan on Figure 1 which also summarises selected drill results. This is the twelfth round of drill results since the commencement of resource drilling in February 2017 and form part of an ongoing program of resource drilling 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 using a combination of reverse circulation (RC) and diamond drilling. Breaker Executive Chairman Tom Sanders said the latest results are highly significant. “The vast majority of results are outside the existing Resource and are therefore a big step towards meeting our aim of delineating 700-800,000oz of mineable mineralisation in a single open pit,” Mr Sanders said. | |
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