THE DRILL SERGEANT: There has been a raft of positive drilling results of late such as these from three companies scheduled to present at the RIU Sydney Resources Roundup in May.
Breaker Resources Extends Bombora Strike Length
Breaker Resources (ASX: BRB) reported drilling has extended the strike length of mineralisation at the Bombora gold discovery within the company’s Lake Roe project, east of Kalgoorlie in Western Australia.
Breaker Resources has extended Bombora by 700 metres to 3.2 kilometres saying it had continued to enhance the discovery’s underground mining potential.
Mineralisation remains open in all directions.
Breaker indicated it plans to update the existing 1.1-million-ounce Resource in the coming June quarter and will consider the results from the 700m of strike length which has been added since the Resource was last calculated.
The company said the latest results indicate the outer limits of the potential open pit mine are likely to increase.
21 metres at 3.11 grams per tonne gold from 24m, 11m at 5.21g/t gold from 64m, including 5m at 10.53g/t gold, 15.3m at 1.84g/t gold from 293m, including 3.2m at 5.95g/t gold from 298.3m, and 0.6m at 211.53g/t gold from 339.7m;
8m at 5.71g/t gold from 52m, including 4m at 7.26g/t gold from 56m;
13.7m at 2.3g/t gold from 649m, including 4.1m at 6.46g/t gold from 653.9m; and
12m at 1.79g/t gold from 96m, including 4m at 3.53g/t gold from 103m, including 1m at 8.1g/t gold from 104m.
Drilling is ongoing utilising four rigs to systematically extend and upgrade the Bombora deposit, and to identify the outer limits of initial open pit mining to finalise the open pit Pre-Feasibility Study.
“After two years of resource drilling, Bombora was still open in every direction and new zones of mineralisation were still being discovered,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.
“It is increasingly obvious that the initial open pit will be large – and we are yet to find its limits.
“The potential at depth is also becoming more clear.
“We have drilled only ten holes substantially below the current Resource (250m below surface), four of which include intercepts exceeding 30 gram-metres, and six of which include intercepts exceeding 15 gram-metres.
“This positive ‘hit rate’ at depth, together with our growing understanding of the deposit structure, gives us increasing confidence in the long-term underground mining potential at Bombora.”
Spectrum Metals Confirms Penny North Discovery
Spectrum Metals (ASX: SPX) claimed confirmation of the discovery of a new high-grade lode at the company’s Penny West project in Western Australia.
Spectrum Metals received assay results from three additional holes that returned results of:
8m at 24.2g/t gold from 149m; and
4m at 35.2g/t gold from 135m within 9m at 16.2g/t gold from 130m.
The company said these results build on the previous discovery intersection of 8m at 23.8g/t gold from 128m within 14m at 14.4g/t gold from 124m in hole SPWRC002, confirming the discovery of a new high-grade lode structure at the Penny North prospect, which remains open in all directions.
Ten additional holes have already been drilled to the north, south and down dip, from which assays are pending.
Spectrum has further holes designed and drilling continues.
“The confirmation that we have discovered a new high-grade lode at our Penny West project, so early in our maiden RC drilling program, is a significant and very exciting development for the company and its shareholders,” Spectrum Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.
“This will provide Spectrum with an expanded exploration focus for 2019 and although it’s early days and there is a lot more work to do, the discovery of another high-grade lode gives us confidence that the asset has the potential to build significant additional value for shareholders.”
Black Cat Syndicate Infill and Resource Drilling at Bulong
Black Cat Syndicate (ASX: BC8) is preparing RC drilling to resume at the company’s Bulong gold project in Western Australia.
Black Cat Syndicate will commence the RC drilling program in the Myhree-Boundary Corridor where drilling will focus on extension of the current Myhree Resource of 0.5 million tonnes at 3.2 grams per tonne gold for 50,000 ounces of gold.
Recent drilling by Black Cat has already increased the plunge of the mineralisation at Myhree by 40 per cent which remains open to the north, south and at depth.
The company indicated the drilling will also aim to confirm the existence of an additional structure between Myhree and Boundary (Boundary East) that was intersected in February 2019.
Step out drilling is also planned on the Trump Resource which has already enjoyed a 33 per cent increase in strike extent since the Resource announcement in February 2019.
“The first round of drilling for 2019 has shown significant extension to mineralisation well beyond the current Resources,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.
“We have new targets between Myhree and Boundary that we will now begin testing.
“These should add scale to the next Resource upgrade at the same time as we continue to grow the existing mineralised structures.
“We are pleased with the results to date and the obvious potential to rapidly build a substantial Resource in a location that has low barriers to mining.”