{"id":888,"date":"2017-08-24T09:13:59","date_gmt":"2017-08-24T01:13:59","guid":{"rendered":"https:\/\/www.breakerresources.com.au\/?p=888"},"modified":"2017-08-25T09:22:12","modified_gmt":"2017-08-25T01:22:12","slug":"breaker-return-10-capital-raising","status":"publish","type":"post","link":"https:\/\/www.breakerresources.com.au\/breaker-return-10-capital-raising\/","title":{"rendered":"Breaker to return for $10 capital raising"},"content":{"rendered":"

The West Australian<\/h3>\n

Gold explorer Breaker Resources is expected to emerge from a trading halt tomorrow to announce a $10 million capital raising for further drilling at its prospective Lake Roe project, 100km east of Kalgoorlie.<\/p>\n

The raising is expected to take the form of an $8.5 million placement and a $1.5 million share purchase plan.<\/p>\n

Breaker plans to use the cash for further drilling at Lake Roe as part of plans to shore-up a maiden JORC resource.<\/p>\n

The Tom Sanders-led explorer this month reported an intersection of 5.25m at 12.71 grams a tonne from 315.75m below Lake Roe.<\/p>\n

The intersection provides hopes for an underground operation along the 8km-long gold system.<\/p>\n

It has been nearly a year since Breaker shares soared from 17\u00a2 to a high of 74\u00a2 on excitement around its Bombora and Bombora North discoveries at Lake Roe.<\/p>\n

Patersons Securities has said the high-grade drilling results, including grades of up to 105g\/t, suggest potential for a one million-ounce deposit at Lake Roe.<\/p>\n

Other landholders around Lake Roe include Kairos Resources, which this month reported high-grade drilling results at its Roe Hills project to the south. Yesterday its shares mysteriously soared 35 per cent to 1.9\u00a2. The soon-to-be listed Riversgold, led by Allan Kelly, is also nearby with its Kurnalpi project.<\/p>\n

Established gold miners Northern Star Resources and Silver Lake Resources hold ground in the area as well.<\/p>\n

Breaker shares last changed hands for 74\u00a2.<\/p>\n","protected":false},"excerpt":{"rendered":"

The West Australian Gold explorer Breaker Resources is expected to emerge from a trading halt tomorrow to announce a $10 million capital raising for further drilling at its prospective Lake Roe project, 100km east of Kalgoorlie. 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