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Barra Resources Enhances Burbanks Mining Opportunity

THE DRILL SERGEANT: Barra Resources (ASX: BAR) recently completed the latest phase of a Reverse Circulation (RC) drilling program at the company’s Burbanks project, south of Coolgardie in Western Australia.

Barra Resources conducted the recent 24 RC drill hole program at Main Lode to follow up drilling completed in 2017 and 2018 and an inaugural Mineral Resource Estimate for Main Lode of 29,900 ounces at 2.59 grams per tonne gold.

The company explained the program had two main objectives: Firstly, to extend the existing Mineral Resource between the historic Main Lode and Birthday Gift gold mines from its current depth of 100 metres below surface to 200m below surface; and

Secondly, to extend the strike of the Main Lode system by targeting the gap between Main Lode and the Burbanks North deposit and, if successful and continuity can be demonstrated, a continuous 3.5 kilometres of mineralised strike length along the Burbanks Shear Zone.

Best results included:

BBRC299
3m at 24.69 grams per tonne gold from 167m down-hole;

BBRC303
8m at 4.1g/t gold from 159m down-hole;

BBRC300
2m at 16.3g/t gold from 173m down-hole;

BBRC292
3m at 5.38g/t gold from 185m down-hole; and

BBRC294
4m at 2.58g/t gold from 168m down-hole.

“The proximity of these high-grade results to mineralisation identified for mining in our recent scoping study raises their significance and enhances the mining opportunity available at Burbanks,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“The additional discovery of a new mineralised position below a hitherto unrecognised fault, represents a new exploration focus and obvious drill target going forward.”

 

Email: info@barraresources.com.au

Web: www.barraresources.com.au

 

THE DAILY ROADHOUSE

 

Peel Mining Boosts Southern Nights Potential

THE DRILL SERGEANT: Peel Mining (ASX: PEX) has claimed discovery of new zones of mineralisation from an ongoing drilling campaign across the company’s 100 per cent-owned Wagga Tank project, south of Cobar in western New South Wales.

Cassini Resources Advances Mount Squires Gold Project

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) announced final results of recent RC drilling and future work plans at the company’s 100 per cent-owned Mount Squires project in the West Musgrave Province of Western Australia.

Barra Resources Drilling at Burbanks

THE DRILL SERGEANT: Barra Resources (ASX: BAR) has commenced a Reverse Circulation (RC) drilling program at the company’s Burbanks gold project, south of Coolgardie in Western Australia.

Geopacific Resources Raising $45M to Underpin Woodlark Project Development

THE BOURSE WHISPERER: Geopacific Resources (ASX: GPR) has completed a $40 million share placement and is subsequently offering a Share Purchase Plan (SPP) to raise up to a further $5 million to eligible shareholders.

PolarX Hits Mineralised Porphyry‐Style Veins at Mars

THE DRILL SERGEANT: PolarX Limited (ASX: PXX) has completed a single diamond drill hole into the Mars porphyry target within the company’s Alaska Range project in Alaska.

Pantoro Encounters Wide High-Grade Intercepts at Rowdies

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) has drilled high-grade extensions to the north Rowdies lode from results along strike of existing development in the upper levels of the Wagtail Underground Mine, part of the company’s 100 per cent-owned Halls Creek gold project in the Kimberley Region of Western Australia.

Barra Resources Drilling at Burbanks

THE DRILL SERGEANT: Barra Resources (ASX: BAR) has commenced a Reverse Circulation (RC) drilling program at the company’s Burbanks gold project, south of Coolgardie in Western Australia.

Barra Resources explained the RC drilling program has two key objectives:

Firstly, the drilling is aimed at deepening existing Mineral Resources between the historic Main Lode and Birthday Gift gold mines from the current depth of up to 100 metres below surface to 200m below surface, and

Secondly, the drilling is aimed to connect these Mineral Resources with Burbanks North, thereby confirming a continuous two kilometres of mineralised strike length.

The company indicated that in both cases, it will be applying its recently advanced geological and economic understanding of the deposits.

This understanding has been informed by a recent scoping study, which identified the Mineral Resources between the historical gold mines at Main Lode and Birthday gift as the highest priority area for potentially economic mining.

“We are very excited to be drilling at Main Lode once again,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“We are not only confident that we will extend the known mineralisation, but also hopeful of getting some of the bonanza hits that can never be discounted when drilling a high-grade system like Burbanks.”

 

Email: info@barraresources.com.au

Web: www.barraresources.com.au

 

Barra Resources Initiates Burbank Mining Study on Back of Resource Upgrade

THE DRILL SERGEANT: Barra Resources (ASX: BAR) announced a maiden Inferred Mineral Resource for the Burbanks North Trend at the company’s 100 per cent-owned Burbanks gold project, south of Coolgardie in Western Australia.

Barra Resources reported the Inferred Mineral Resource of approximately 20,400 ounces at 1.76 grams per tonne gold in accordance with the 2012 JORC Code.

The Burbanks North Trend is located just 700 metres north of the company’s Burbanks Mining Centre which includes the Birthday Gift and Main Lode Underground Mines and several open pits that are currently in care and maintenance.

Barra has been steadily increasing Mineral Resources at its Coolgardie gold projects following a strategic update to its gold strategy ahead of a sustainable re-start in mining operations.

Adding the Burbanks North Mineral Resource together with existing Resources at Birthday Gift and Main Lode, the Burbanks project total Mineral Resource now spans over 2.8 kilometres in strike length along the Burbanks Shear and is fast becoming an extensive mineralised system still with vastly untested depth potential.

Barra explained that the maiden MRE for Burbanks North adds an additional 16 per cent of Mineral Resources to the company’s Global Mineral Resource which now stands at 145,700 ounces.

“Barra’s commitment to its gold strategy to grow the Mineral Resources at Burbanks is delivering results,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“With gold now trading above $2,000 per ounce and with Burbanks status as a granted mining lease, Barra now has an outstanding opportunity to consider mining options for this historically productive high-grade gold mining centre.”

The combination of an increased resource base at Burbanks and recent increases in gold prices above $2,000 per ounce has provided the impetus for Barra to commission Snowden Mining Consultants to conduct a desktop mining study to consider a near-term restart in mining operations.

The study will consider:

The potential for open pit mining at Burbanks North;
The potential to access the shallow Mineral Resource discovered at Main Lode during 2018, potentially via an underground development launched from the adjacent Christmas open pit;
Remnant Mineral Resources at Birthday Gift in the Hadfield and Dahmu lodes at level 4 and above that was accessed and developed by Kidman Resources, but never mined;
Toll treatment at one of several nearby mills; and
Dewatering solutions and ongoing reserve definition drilling, to enable future development at deeper levels.

Barra anticipates receiving results from the study during the current quarter.

The company acknowledged that further detailed studies and reserve definition drilling would then be required, but believes Burbanks has the advantage of being a granted mining lease with some approvals already in place, potentially paving the way to a rapid restart in mining operations.

 

Email: info@barraresources.com.au

Website: www.barraresources.com.au

 

Barra Resources Completes Burbanks Phase 2 Drilling

THE DRILL SERGEANT: Barra Resources (ASX: BAR) has completed a Phase 2 Air Core (AC) drilling program aimed at extending known mineralisation along the Burbanks North Trend, part of the company’s Burbanks gold project in Western Australia.

Barra Resources completed the 99-hole Air Core drilling campaign at Burbanks, completing drill testing of 1,000 metres of strike length along the Burbanks North Trend.

The drilling defined mineralisation over an additional 300m of strike length with interim results for 50 per cent of holes the company has received to-date returning results that include:

20 metres at 2.37 grams per tonne gold from 8m down-hole;
8m at 4.3g/t gold from 20m down-hole;
4m at 4.24g/t gold from 20m down-hole; and
13m at 1.06g/t gold from 44m down-hole.

Barra indicated it would now commence the estimation of a Maiden Mineral Resource.

The company said the results exceeded expectations by extending the gold mineralisation at Fangjaw to at least 300m of strike length.

Further results are due in over the next few weeks for drilling that tested the system a further 300m to the north, including the area where the Fangjaw shear intersects with the Burbanks North shear.

“The remaining results from the second half of the current program will be reported shortly,” Barra Resources said in its ASX announcement.

“All mineralised intercepts will then be re-split at one-meter intervals, giving greater resolution of high-grade distribution than the assays of four-metre composite samples reported here on an interim basis.”

Based on the gold mineralisation reported in this announcement, the company’s earlier drilling programs, and the expectation of further positive results, Barra indicated it will now move forward to estimating a maiden shallow oxide Mineral Resource for the Burbanks North Trend.

“This will continue the trajectory towards realising the previously announced Exploration Target for the Burbanks project,” the company said.

 

Email: info@barraresources.com.au

Website: www.barraresources.com.au

 

Barra Resources Drilling at Burbanks North

THE DRILL SERGEANT: Barra Resources (ASX: BAR) has commenced an air core drilling program on the company’s Burbanks project, south of Coolgardie in Western Australia.

Barra Resources indicated the drilling is aimed at extending known mineralisation along the Burbanks North Trend.

The company’s previous air core drilling, undertaken at the Burbanks North deposit, identified broad and continuously gold mineralisation at shallow depths over an initial strike length of 350 metres.

The current program is expected to extend on the earlier drilling to test a further 650m of strike length to the north to a total of up to 1,000m along the Burbanks North Trend.

This will include some infill drilling through the Fangjaw prospect where Reverse Circulation (RC) drilling in 2010 yielded encouraging gold results.

“Based on the significant mineralisation identified from the earlier drilling programs alone, Barra expects to be able to estimate a shallow oxide maiden Mineral Resource for the Burbanks North Trend immediately following the drilling program,” Barra Resources said in its ASX announcement.

 

Email: info@barraresources.com.au

Website: www.barraresources.com.au

 

Barra Resources Ready to Drill at Main Lode Gold Mine

THE DRILL SERGEANT: Barra Resources (ASX: BAR) outlined its 2018 exploration program, which will commence with RC drilling at the company’s wholly-owned Burbanks gold project, southeast of Coolgardie in Western Australia.

Barra Resources has completed a geological assessment and strategic review of its gold portfolio which it indicated to have resulted in a comprehensive update to the company’s gold strategy.

“The updated gold strategy is based on an initial Exploration Target of 223,000 to 564,000 ounces of gold for Burbanks alone,” Barra Resources said in its ASX announcement.

“The potential quantity and grade of the Exploration Target is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource beyond Birthday Gift.

“It is uncertain if further exploration will result in an estimation of a Mineral Resource.”

Barra will kick off the drilling phase of its updated strategy with 4,000m of RC drilling at the high-priority Main Lode Gold Mine.

The Main Lode underground mine produced 146,000 tonnes at 18.3 grams per tonne gold for 85,900 ounces of gold to a depth of 240 metres below surface level between 1885 and 1914.

From 1946 to 1951, Western Mining Corporation accessed Level 8 at Main Lode and undertook extensive strike drive sampling, yielding a pay-run of 160m at 16.1g/t gold at an average width of 0.4m.

Drilling carried out by Barra in 2017 at Main Lode returned encouraging results, including:

11 metres at 5.70g/t gold from 44m;
5m at 9.62g/t gold from 33m;
5m at 8.65g/t gold from 37m;
5m at 3.70g/t gold from 44m; and
5m at 3.29g/t gold from 82m, including 2m at 6.77g/t gold from 82m.

“The 2017 program at Main Lode successfully defined a 400 metres long strongly mineralised zone along the Burbanks Shear to a depth of 70 metres below surface level, immediately adjacent to the historical mine workings,” Barra Resources said.

“This demonstrated the potential for significant resources to be delineated along strike and below the historic underground mining areas.

“Based on this history and results, Main Lode has been deservingly selected as the highest priority drilling target.”

Barra has approvals in place from the WA Mines Department and a drilling contractor ready to go.

The company explained drilling will focus on extending the strike of the existing mineralised zone from 400m to 800m by initially testing an additional 200m of strike extent to the north and south.

The 4,000m program also aims to increase the depth extent to 250m below surface level by testing the next 180m vertically below the 2017 program.

 

Email: info@barraresources.com.au

Website: www.barraresources.com.au

Barra Resources Develops New Burbanks Gold Strategy

THE BOURSE WHISPERER: Barra Resources (ASX: BAR) has completed a strategic review of its gold assets resulting in an updated gold exploration strategy for the company’s wholly-owned Burbanks gold project southeast of Coolgardie in Western Australia.

Barra Resources recently consolidated ownership over the entire Burbanks gold project following the re-acquisition of the Birthday Gift gold mine, which the company said was the first key step in the implementation of its new gold strategy.

The company explained that the Birthday Gift acquisition returns millions of dollars of underground development and infrastructure back into its portfolio with the Birthday Gift decline providing future access to in-situ resources and untapped depth potential at both Birthday Gift and Main Lode, two historically rich high-grade mines separated by just 600 metres of future decline extension.

Barra now has uninterrupted access to five kilometres of strike along the Burbanks Shear Zone, historically one of the richest gold producing structures in the Coolgardie Goldfield.

From here the company hopes to build the resource inventory at Burbanks by embarking on a clear, focused and systematic exploration program targeting a newly established Exploration Target for Burbanks.

“The company’s new gold strategy sets a pathway targeting over 500,000 ounces of gold before embarking on a new mine plan and ultimately restarting mining operations,” Barra Resources said in its ASX announcement.

“The addition of a JORC 2012-compliant Mineral Resource Estimate of 95,400 ounces via the acquisition of Birthday Gift provides a solid foundation that will underpin resource growth at Burbanks via accelerated exploration activity.”

 

Email: info@barraresources.com.au

Website: www.barraresources.com.au