Breaker Resources strikes high grade and wide gold at Bombora
Drill rigs at Breaker Resources’ Lake Roe Gold Project.
Gold explorer Breaker Resources (ASX: BRB) has struck gold grading up to 35.88 grams per tonne and intersections up to 36m wide at its Bombora prospect in Western Australia.
Part of the company’s wholly-owned Lake Roe gold project, recent drilling at Bombora included 18 diamond holes and 47 reverse circulation holes with all diamond drill holes and 41 of the RC holes hitting gold.
Better intersections from the program were 9m at 35.88g/t, including a 2m interval with 108.55g/t gold, 36m at 2.78g/t gold including an 8m interval with 8.01g/t gold, and 24m grading 3.12g/t gold and an 11m interval containing 6.33g/t gold.
According to Breaker, mineralisation has been extended to the east and the high-grade zones could be potentially developed into a 2.2km open pit operation.
“The substantial scale of the Bombora discovery is highlighted by the fact that we are still discovering new gold lodes after 10 months of resource drilling,” Breaker executive chairman Tony Sanders said.
“Importantly, the gold mineralisation is opening up to the east and at depth, which increases the size of a potential open pit,” he said.
He added the results revealed the underground potential, which would build on any open pit development.
“The expanding footprint of the gold mineralisation means that the maiden resource planned for the March 2018 quarter is likely just to be the start,” he said.
The drilling campaign began in February last year and had a three-week break over the Christmas and New Year period. It has just resumed with two RC and two diamond drill rigs on site.
Due to the expanding mineralised zone, Breaker plans to continue resource drilling after the maiden resource is announced sometime in the next month or so.
The company is also taking steps to also advance exploration outside of the Bombora discovery.
Lake Roe is situated 100km from Kalgoorlie and comprises 550 square kilometres of six granted exploration licences.
Breaker’s share price was at A$0.68 in early afternoon trade – up more than 10%.