Gold explorer Breaker Resources gained today following “bonanza” gold hits at its wholly owned Lake Roe project near Kalgoorlie in Western Australia.
New high-grade steep and flat gold lodes were discovered by diamond and RC drilling in the northern, central and southern parts of the 2.2km-long Bombora discovery at Lake Roe.
All 18 diamond drill holes and 41 of the 47 RC drill holes in the 2.2km Bombora discovery zone intersected significant gold mineralisation.
Best results include 9m at 35.88g/t gold from 131m including 2m at 108.55g/t gold, 9.33m at 3.22g/t gold from 201m and 13.34m @ 1.48g/t from 214.66m
This is the ninth round of results from resource delineation drilling, which commenced in February 2017.
Breaker Executive Chairman Tom Sanders said the latest results are important for several reasons.
“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,” Mr Sanders said.
“Importantly the gold mineralisation is opening up to the east and at depth which increases the size of a potential open pit. The drill hits in the south and central areas may also mean that this potential open pit may take in all of the 2.2km discovery zone.
Mr Sanders said the results also highlight the underground potential, an aspect reinforced by the persistent, high-grade nature of the drilling results.
A maiden JORC Resource estimate is planned for release in the March 2018 quarter.
Shares in Breaker (ASX: BRB) finished today’s trading 13 per cent higher at 70c.