Breaker Resources identifies gold lodes at Lake Roe
THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has identified multiple gold lodes at the company’s 100 per cent-owned Lake Roe gold project, located east of Kalgoorlie, between the Karonie and Karari-Carosue Dam gold deposits.
The company completed a 181 hole program of aircore drilling early this month, targeting a two kilometre-long, structurally complex part of the dolerite-hosted Lake Roe Mineralised Zone.
Wide-spaced drilling was also completed over a two kilometre section of the Claypan Mineralised Zone.
The company said the new results indicate a new gold system with scale and grade.
At the Lake Roe Mineralised Zone intercepts of oxide mineralisation from preliminary composite samples included:
4 metres at 1.13 grams per tonne gold from 28m;
4m at 1.59g/t gold from 28m;
7.3m at 1.65g/t gold from 20m, including 3.3m at 3.46g/t goldu from 24m to end-of-hole (EOH);
2m at 1.11g/t gold from 52m to EOH;
12m at 1.09g/t gold from 12m, including 4m at 2.99g/t gold; and
15m at 1.57g/t gold from 32m to EOH, including 4m at 2.22g/t gold, 4m at 2g/t gold and 3m at 1.42g/t gold.
According to Breaker the mineralisation displays good continuity, is open along strike and is associated with biotite and sericite-altered dolerite.
At the Claypan Mineralised Zone, the company completed a reconnaissance 400m by 80m drill pattern, which intersected 4m at 1.46g/t gold on the apparent up-dip extension of the sheared granite contact.
“The infill drilling is defining continuity of mineralisation in multiple zones even though the drilling was conducted on a non-selective pattern that only achieves around 30 per cent horizontal drill coverage in the main area,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.
“We are seeing scale, grade and continuity and have only undertaken preliminary drilling in a small part of a large 5.5 kilometre-long gold system defined by the August 2015 drill program.”
“I look forward to the targeted drilling phase of our campaign at Lake Roe and if the results continue in the same vein, we will have a major discovery on our hands.”
“There is potential for a large open pit in the LRMZ area focused on the high-grade lodes but more positive results and a systematic approach is needed and that is our intention.
“The amount of low grade mineralisation hosted by the granophyre is also of interest as it appears to have the characteristics of good by-product heap leach material.”
Breaker anticipates receiving final assay results over the next one to four weeks.
An aircore drilling program of approximately 4,000m is planned to commence in early December 2015.
Email: breaker@breakerresources.com.au
Website: www.breakerresources.com.au
Source: Company announcement