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Breaker Resources' drills bonanza grade gold near Kalgoorlie

Drill hits in the south and central areas suggests a larger than anticipated open pit mine.
Drill bit in ground
Results increase the width, depth and strike extent of mineralisation in discovery zone

Breaker Resources NL’s (ASX:BRB) latest drilling highlights include 9 metres at 35.88 g/t gold from 131 metres at its Bombora gold discovery within the Lake Roe Gold Project.

Providing support are broader intersections such as: 20 metres at 3.53g/t gold from 187 metres; and 24 metres at 3.12g/t gold from 36 metres.

Bombora is located 100 kilometres from Kalgoorlie in Western Australia.

Results materially increase width, depth and strike extent of high-grade mineralisation

The new high-grade steep and flat gold lodes were discovered in several areas within the Bombora discovery.

The results materially increase the width, depth and strike extent of mineralisation in the main discovery zone and open up the potential for a single large 2.2 kilometre long open pit.

Maiden resource estimate due for release in March quarter

A maiden JORC Resource estimate is planned for release in the March 2018 quarter.

With gold mineralisation opening up to the east and at depth, the size of an open pit model could potentially increase.

Potential to establish an open pit and underground operation

The company also believes there is underground potential, an aspect reinforced by the consistent, relatively high grade nature of the drilling results and their continuity.

The potential to mine underground could add multiples to any shallow gold inventory constrained by the economic limits of open pit mining.

The expanding footprint of the gold mineralisation may suggest that the Maiden Resource planned for the March 2018 quarter is the forerunner to the establishment of a much larger resource.

Drilling has recently resumed with the company accelerating exploration activities in a 500 square kilometre area outside the Bombora discovery.

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Breaker Resources NL Timeline

Newswire
September 23 2016

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