BREAKER Resources has moved to tick off another box for Australian gold miners and M&A types with potential designs on the Lake Roe gold project, reporting preliminary metallurgical work has indicated recoveries of 95% for the weathered and fresh mineralisation within the Bombora discovery.<\/p>\n
Breaker pointed to the potential ore being of \u201cmodest\u201d hardness and being amenable to milling by conventional means, as well as low reagent use and deleterious elements.<\/p>\n
All in all, testwork results \u201cindicate no obvious processing issues and favourable treatment economics\u201d.<\/p>\n
Further testwork is continuing.<\/p>\n
Meanwhile Breaker said four rigs are currently drilling Bombora with a maiden resource due late in December.<\/p>\n
The resource, the metallurgy, and the exploration potential elsewhere at Lake Roe are likely being keenly watched by third parties.<\/p>\n
Shares in Breaker were up 5.5% to 68c in late afternoon trade, capitalising the company at $97 million.<\/p>\n
The stock reached a 52-week high of 80c in August, with the company raising $10 million near the end of that same month by issuing new shares priced at 70c each.<\/p>\n","protected":false},"excerpt":{"rendered":"
MiningNews.net BREAKER Resources has moved to tick off another box for Australian gold miners and M&A types with potential designs on the Lake Roe gold project, reporting preliminary metallurgical work has indicated recoveries of 95% for the weathered and fresh mineralisation within the Bombora discovery. Breaker pointed to the potential ore being of \u201cmodest\u201d hardness […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yoast_head":"\n