Shallow hits evidence of open pit potential at Lake Roe
2 March 2017
The Kalgoorlie Miner
Tom Sanders’ Breaker Resources has continued to build on its Bombora discovery at Lake Roe.
It has been among the most watched gold plays on the ASX, after its stock jumped from 2.4 to a high at one point last year of 76 on growing market sentiment for its slow, methodical drilling methods and the Bombora find.
Breaker said shallow hits from its third round of infill drilling provided further evidence of large open-pit potential at the site 100km east of Kalgoorlie-Boulder, for which it raised $12.4 million in October, provided further evidence of its large open-pit potential.
It says the Bombora discovery is 2.2km long, and part of a 6km long gold system that remains open along strike.
Best hits included 12m at 2.46 grams per tonne from 40m, including 5m at 5.37g/t and 2m at 9.46g/t.
Alongside that was 11m at 7.77g/t from 44m, including 2m at 37.99g/t and 28m at 3.56g/t from 124m, including 8m at 11.54g/t and 4m at 20.98g/t.
The market responded with a smile, with Breaker adding 3.5 or 6.25 per cent to its share price, taking it to 59.5.
Resource drilling is continuing, with two RC rigs and a diamond rig on the ground.
Breaker’s release followed neighbour Kairos Minerals’ maiden drilling results from its Roe Hills Project this week, where it hit grades of up to 14.61g/t.
Kairos remains reasonably well funded for a junior explorer, boasting cash reserves at December 31 of $3 million.
Shares in Kairos were steady at 3.1 yesterday.