Breaker Resources NL (ASX: BRB) has reported more positive drilling results as it continues grow the Lake Roe Gold Project 100km east of Kalgoorlie in Western Australia.
Executive Chairman Tom Sanders said the latest results significantly increase the potential of the large Carbineer and Kopai-Crescent Prospects, located to the east and to the north of the 1Moz Bombora gold deposit.
The results from Carbineer come from three RC drill holes (516m) which form part of a 14-hole programme designed to assess the gold potential in a 3km-long corridor between the Claypan Shear Zone and the Swan Lake Syenite to the east of the Bombora deposit.
The results from Kopai-Crescent relate to 28 RC drill holes (2,838m) targeting a potential link between the Kopai Prospect, and the Crescent Prospect, situated 1km to the south.
Mr Sanders said the results follow successful drilling below the Bombora deposit which recently extended the strike length of known high-grade gold lodes below the open pit Resource by 600m to 2,000m. Drilling in this area is ongoing with two diamond drill rigs.
He added that the new results continue to demonstrate the scale of the gold system at Bombora and its long-term growth opportunities.
These two emerging discoveries have the potential to materially expand our shallow gold inventory and complement our success extending the Bombora gold deposit at depth,” Mr Sanders said.
“We are still gauging the extent of the mineralisation footprint in each area on very wide reconnaissance drill hole spacings.
“So to hit high-grade gold at the Carbineer Prospect on the first two single-hole sections 100m apart, is both exciting and unusual. Further drilling is planned to restart in two weeks.
“In the Kopai-Crescent area we are seeing significant gold up to 2-4g/t over a very large area. I think that the high-grade intersections will come once we finish scoping the areal extent of the mineralisation and then zero in on the structures controlling the gold.”
Mr Sanders said the drilling forms part of a long-term strategy aimed at building value by growing the resource base at Lake Roe to expand and further de-risk the company’s future development options.
The drilling aims to unlock the full potential of the recently expanded 9.5km gold system. Previous drilling outside the 3.2km-long 1Moz Bombora deposit has been limited in scope mainly due to an early strategic focus on establishing and de-risking the shallow open pit resource.
https://www.breakerresources.com.au/