Gold: Breaker says ‘brb, just trying to find the end of our monster gold deposit’
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The Bombora discovery, part of Breaker Resources’ (ASX:BRB) Lake Roe Project, 100km east of Kalgoorlie, is becoming a monster.
New drilling increased the strike length of the current 1.1 million ounce Bombora mineralisation by 700 metres.
It’s now 3.2km long, which makes Bombora a potential mine that would take an unfit person 40 minutes to walk from one end to the other. Or if you’re 3km world record holder Daniel Komen, about 7 minutes 20 seconds.
Either way, Breaker Resources is unsuccessfully trying to identify the outer limits to finalise an open pit Pre-Feasibility Study (PFS).
Breaker chairman Tom Sanders said that after two years of resource drilling Bombora was still open in every direction and new zones of mineralisation were still being discovered.
“It is increasingly obvious that the initial open pit will be large – and we are yet to find its limits,” he says.
But it’s also deep, with the latest drilling including a 6 gram per tonne intercept at about 650 metres from surface.
“The potential at depth is also becoming more clear,” Mr Sanders says.
“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.”
Breaker plans to update the existing resource in the June quarter.
Left there by a previous owner, the stockpile is low grade but easy to process if Kingston get a mine up and running.
“With drilling now underway and the pre-feasibility study hitting its strides, we are entering a busy and exciting period for the Company.”
And the Rosewall prospect is shaping up to be a goodun’, with significant gold mineralisation from surface including 10 metres at 2.41 grams per tonne.