The Lake Roe Project is located 100km east of Kalgoorlie between two large gold deposits, the 3.5Moz Carosue Dam mine and the 0.9Moz Karonie gold deposit, located 60km north and 40km south of Lake Roe respectively. The Lake Roe Project comprises seven granted exploration licences, plus a mining lease, with an overall area of ~600sqkm. […]
Breaker currently has a portfolio of 100%-owned gold exploration projects (Lake Roe & Ularring Rock), comprising nine exploration licences (plus a mining lease application) that cover an area of approximately 1,000km2. Previous company exploration on Breaker’s tenements is limited and on-ground activity consists mainly of part-coverage geochemical surveys with little or no drilling.
During 2012/13 Breaker completed multi-element auger soil sampling over all of its then projects to screen for large gold deposit signatures. These programs successfully identified eight new +10-20km gold-in-soil anomalies, validating the Company’s structural targeting approach and confirming the ability of Breaker’s geochemical techniques to see through sand cover. Other works completed include an aeromagnetic/radiometric survey, a trial ground electromagnetic survey, heritage surveys and considerable data interpretation and analysis.
2013/14 field activities included aircore and RC drilling at the Dexter Project, as well as reconnaissance mapping, rock chip sampling and heritage surveys. During 2014/15, exploration activities included a further aircore drilling program at the Dexter Project in August/September 2014, soil sampling (conventional and auger), rock chip sampling, geological mapping and environmental rehabilitation. In addition, extensive data analysis of both historical and Company exploration results was undertaken to improve understanding of geological setting, geochemistry and hydrogeology.
Since 2015/16, the main focus has been the Lake Roe Project where an aircore drilling program completed in August 2015 identified a new gold system. Subsequent aircore, RC and diamond drilling have confirmed a significant greenfields discovery with outstanding mining potential, resulting in a current Mineral Resource of over 1Moz. Drilling at Lake Roe continues and a pre-feasibility study is underway.
The 310km2 Ularring Project is located 100km east of Perth. The main tenement covers the Centre Forest and Southern Brook gold-copper prospects, where historic RC drill intercepts of copper-gold mineralisation include 61m @ 0.83g/t Au, and 37m @ 0.72g/t Au and 0.26% Cu. An assessment of this project has highlighted considerable potential. The available data […]