THE DRILL SERGEANT: Breaker Resources (ASX: BRB) announced a healthy increase in the results of a Mineral Resource Estimate carried out at the company’s Lake Roe gold project, located outside of Kalgoorlie in Western Australia.
Breaker Resources reported the Resource at Lake Roe project has increased by 389,000 ounces (40%) to 1.37 million ounces at 1.5 grams per tonne gold following drilling below Bombora deposit and at Crescent-Kopai and Claypan discoveries.
The Bombora open pit plus underground Resource has increased to 1.22 million ounces at 1.6g/t gold.
The open pit Resource at Bombora has been revised so that it is now reported within 210m of surface (previously 310m), meaning the mineralisation below 210m is included in the maiden underground Resource.
The revised open pit Resource at Bombora now stands at 803,000 ounces at 1.4g/t gold (89% Indicated).
The maiden open pit Resources at the two satellite deposits adds 153,000 ounces of gold (0.5g/t Au cut-off):
Crescent-Kopai 85,900 ounces at 0.9g/t gold; and
Claypan 67,300 ounces at 1g/t gold.
“This outstanding result confirms that Lake Roe is a genuinely large-scale mineralised system with huge growth potential in a tier-one location,” Breaker Resources executive chairman Tom Sanders said in the company’s ASX announcement.
“These factors alone make it a rare and highly desirable asset in an industry facing declining resources, particularly in tier-one locations.
“We still have a lot of drill samples in the laboratory awaiting assay and we are continuing to drill with the aim of continuing to grow the inventory.
“The bigger the inventory, the more development options we have.
“The maiden underground Resource at Bombora confirms the high-grade potential below the open pit Resource.
“High-grade gold is a feature of the Bombora deposit and this creates the flexibility to vary the potential mining approach in response to future mining studies and drill results.
“The 150 metres-wide array of steep, flat and west-dipping lodes is showing good continuity and has many avenues for growth.
“There are good drill intersections in several areas without enough drilling to quantify a resource, a situation not helped by slow assay laboratory turnover.
“The maiden Resources at Crescent-Kopai and Claypan highlight the shallow potential away from the main Bombora deposit, and drilling is preliminary.
“The results confirm the district-scale growth potential over nine kilometres.
“The kilometric-scale faults controlling the gold have a regular geometry and many new targets are opening up.
“Looking ahead, my expectation is continued growth and regular resource updates.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE