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 6km-long 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 that now constitute one continuous 2.2km-long discovery.
The 2.2km-long Bombora discovery 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 550sqkm 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
Resource drilling started in December 2016 and is currently underway with four drill rigs. The results to date indicate persistent wide, shallow, high-grade gold mineralisation with compelling mining potential (open pit and underground). A maiden JORC Resource is anticipated by the end of 2017 and preliminary metallurgy, environmental and water assessments are either underway or imminent.
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.