Gold: Breaker released this beautiful pic of gold flakes encased in crystal to show off its Bombora hits
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Breaker Resources (ASX:BRB) keeps making new gold discoveries at its Bombora prospect and it’s easy to become desensitised by it all.
But “abundant coarse visible gold” can be a beautiful thing. Look at this:
Breaker’s 3.2km-long greenfields Bombora prospect is part of the Lake Roe project, 100km from WA’s gold hub of Kalgoorlie.
Assays are pending, but today, the company says it hit that vein of gold about 420m below surface.
Breaker started pegging the Lake Roe project in late 2014. In 2016, the company spoke about the potential for a major discovery at the Bombora, which led to its first major re-rating.
Later that year, Diggers and Dealers delegates were told that results to date “were consistent with early stages of discovery of considerable scale”.
They weren’t wrong. In September 2018 Bombora stood at 1.1 million ounces which included a higher-grade core of 808,000oz at 2g/t.
Now Breaker’s focus has turned to the logistics of actually mining the thing.
200,000 metres of Phase 1 resource drilling is now complete, the company says. It shows there’s potential for a single, large open pit at least 2.5km-long which is now the subject of a pre-feasibility study (PFS).
Miners undertake up to four different types of studies to determine whether or not a resource can be mined economically.
These are – in order of importance — scoping, preliminary feasibility (PFS), definitive feasibility (DFS) and bankable feasibility (BFS).
But everything below 250m sits outside the existing 1.1moz Bombora resource.
This deep drilling is targeting of high grade, continuous lodes to “quantifying the long-term underground mining potential”, Breaker says.
Basically, it shows that this massive open pit could transition to a high-grade underground mine at some point.
That where amazing hits like this:
…and those from today’s announcement come in.
Breaker were approach for further comment.
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