Breaker Resources NL is a Perth-based, Australian ASX-listed gold explorer focused on discovering and developing large new gold deposits hidden by transported cover in Western Australia’s Eastern Goldfields Superterrane.
Breaker identified a significant new gold system at Lake Roe, 100km east of Kalgoorlie, in August 2015 using wide-spaced aircore drilling in an area of thin (5m-10m) transported cover. Three subsequent phases of RC drilling commencing in March 2016 resulted in three separate gold discoveries. The 3.2km-long Bombora prospect is a virgin (greenfields) discovery that is open along strike and depth. It forms part of a 8km-long gold system that is also open along strike within a 600sqkm tenement package. Gold mineralisation at Lake Roe occurs as sulphide-impregnated “lode” and stockwork mineralisation in the upper, iron-rich part of a thick fractionated dolerite.
The 2+ years first phase of Resource drilling started in February 2017 and was conducted with three to four drill rigs (both diamond and RC). The results indicate persistent wide, shallow, high-grade gold mineralisation with compelling mining potential (open pit and underground). The current JORC Resource for the prospect is 981,000oz at 1.3g/t gold (23.2Mt), including a high grade component of 670,000oz at 2.2g/t gold. The second phase of Resource drilling is planned to commence in November 2019.
The Company is well positioned for growth based on the scale and quality of the Lake Roe gold discovery, the excellent potential for strike and depth extensions, a tight capital structure and 100% project ownership.