ASX Share Price: BRB 33¢
Gold Price: AUD 1,728.30   per Ounce
(Updated every 60mins)

News Articles

Breaker starts diamond rig drilling

25 January 2017

MiningNews.net

Gold explorer Breaker Resources is working on nailing down the orientation of mineralisation using a newly arrived diamond core drill rig at its Lake Roe discovery east of Kalgoorlie.

The company said it had indications of three mineralisation orientations at the Bombora discovery at Lake Roe, though further drilling was needed for confirmation.

The diamond rig is also flagged to test the depth potential of the 2.2km long Bombora.

Meanwhile strong infill RC results have continued to be recorded, while the new Crescent prospect to the north of Bombora has also showed some early promise.

All in all, the company continues to believe it is onto something special at Lake Roe.

“The drill results from Bombora highlight the potential for future open pit and underground mining at what is clearly shaping up as a very significant greenfields gold discovery,” Breaker executive chairman Tom Sanders told the ASX.

Shares in Breaker were up 4% to A52c when the market opened, capitalising Breaker at $66 million.

Breaker’s shares rose from 10c at the start of 2016 to a high of more than 70c last September.