THE DRILL SERGEANT: Breaker Resources (ASX: BRB) claimed discovery of a new steep lode with abundant coarse visible gold approximately 420 metres below surface in the southern part of the Bombora gold deposit at the company’s Lake Roe project, east of Kalgoorlie in Western Australia.
Breaker Resources declared the discovery from drill hole BBDD0086, a 160m step-out hole that also encountered a strong intersection of the high-grade Tura Lode, extending its known strike length to over 800m.
The company considers the result as important, saying it further highlights potential to increase the existing 1.1-million-ounce Resource at depth, and collectively reinforces the emerging underground mining potential at the Lake Roe project.
All mineralisation below 250m from surface sits outside the existing Resource.
Breaker reported the Tura Lode intersection in hole BBDD0086 intersected 4.44m of sheared and altered lode with 2 per cent to 20 per cent sulphide, approximately 320m below surface.
“Of the ten wide-spaced, exploratory drill holes that have tested a significant thickness of the favourable quartz dolerite below the current Resource (250m below surface), four have intercepts exceeding 30 gram-metres and a further two intercepts exceed 15 gram-metres,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.
“This is an outstanding strike rate for reconnaissance-style drilling, and it says that the long-term underground mining potential is wide open.
“The results continue to reinforce our belief in the camp-scale growth potential of the Lake Roe project.”