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.

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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).

It’s a busy graphic, but the pink dots mean high grade, and ‘Open’ means there’s more gold to find.

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:

Mineralisation from the Tura Lode about 250m deep, assaying 184.64g/t, was announced in April.

…and those from today’s announcement come in.

Breaker were approach for further comment.
 

In more gold news today:

Chesser Resources (ASX:CHZ) find more shallow, high grade gold in Senegal. Highlights from the latest drilling at Chesser’s flagship Diamba Sud project include 6m at 7.79g/t gold, 39m from surface. The explorer reckons it could be looking at a mineralised structure of at least 2km long. This high grade highlight, along with other previously identified areas will now be the focus of the follow-up Phase 2 drilling program.
 
Galileo (ASX:GAL) starts drilling for gold and nickel in WA’s Fraser Range. The Mark Creasey-backed explorer is testing two priority targets – one prospective for Nova style nickel sulphide and the second for gold. The Empire Rose (nickel) and Yardilla South (gold) prospects sit 30km from the operating Nova nickel mine. Diamond core drilling of the target zones is expected to take between two and three weeks to complete.

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