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 February 2017 and is currently underway with three 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 was announced in mid-April 2018 comprising 11.8Mt for 624,000oz at 1.6g/t gold, including a high grade component of 306,000oz at 4.2g/t gold. The Company is now aiming to delineate 700-800,000oz of mineable gold in a single open pit to 200m depth within the next 8-12 months.
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.