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Breaker encouraged by Lake Roe results

28 March 2017

The Kalgoorlie Miner

Breaker Resources is moving towards developing a resource at Lake Roe after releasing drilling results it says show the continuity and economic potential of the Bombora discovery, 100km east of Kalgoorlie-Boulder.

The market responded well to the news, sending Breaker shares up 3, or 6.06 per cent, to 52.5 at the close yesterday.

The drilling program at Lake Roe has been notable for its patient exploration campaign and incremental narrowing of its hole spacing over time, starting broadly and progressively closing in.

Its first results from the 40m by 20m infill reverse circulation and diamond drilling program returned a series of shallow highgrade hits.

Best intersections included 12m at 5.83g per tonne of gold from 52m, including 4m at 11.52g/t, 54m at 2.38g/t from 5m, including 19m at 2.25g/t, and 20m at 2.87g/t from 28m, including 9m at 5.53g/t and 3m at 11.88g/t.

The assays confirmed the continuity of shallow gold mineralisation that covers 2.2km of the Lake Roe Project.

Breaker has two RC rigs and one diamond drill rig continuing to turn on site at the open Bombora discovery.

It plans to undertake drilling further along strike from the Bombora prospect in the near future to follow up resource drilling outside the main discovery zone. Half the budget will be funded by the State Government’s Exploration Incentive Scheme, up to $150,000.

The Tom Sanders-led Breaker has so far demonstrated the value of going into ground ignored by previous explorers.

Lake Roe was put aside by a series of players, including the Western Mining Corporation.

Market conditions and inconvenient tenement boundaries saw a 4km-long gold anomaly uncovered in air blast and aircore drilling between 1991 and 1998 go relatively unexplored.

Another explorer passing its ruler over old ground in the Eastern Goldfields is Stefan Murphy’s Great Boulder Resources.

Mainly focused on the Balagundi project north-east of KalgoorlieBoulder, Great Boulder put its shares in a trading halt yesterday ahead of the announcement of a new project acquisition and drilling results from its Yamarna Project, 30km west of Gold Road and Gold Fields’ Gruryere Joint Venture. Great Boulder, whose shares opened at 20 when it raised $6.1 million to float on the ASX last year, was trading at 15 yesterday before the halt was announced.