Breaker Resources

Drill Results From The Centre Forest Prospect Indicates Potential Intrusive Related Mineralisation System At Ularring

Breaker Resources NL (ASX: BRB; the Company or Breaker) wishes to advise that it has now received all the assay results from the co-funded EIS diamond drilling program at its 100% owned Ularring project in Western Australia. This announcement contains the freshly received assay results and preliminary interpretations.


Drill holes intersected low grade copper, silver and gold mineralised zones at both the historical Centre Forest copper-gold prospect and further to the north west of the tenement at the West Target EM anomalies.

Mineralisation occurs as sulphides, mostly pyrrhotite with minor chalcopyrite and occasional pyrite and bornite, disseminated at the contact or within narrow granitic bodies or breccias.

Centre Forest drilling

A line of four diamond holes (BUDD0002, BUDD0003, BUDD0004 and BUDD0005) were drilled at the Centre Forest copper-gold prospect across the Meenar shear zone, directly east of the historical drilling. The aim was to test multiple historical surface metal anomalies and have a better understanding of the lithologies, structures and style of mineralisation associated with the complex geology of the Meenar shear zone. At Centre Forest, intervals such as 61m at 0.87g/t Au and 25m at 0.47g/t Au and 0.18% Cu were reported by previous explorers (WAMEX Report A64958). It is suspected that those down-hole intervals are sub-parallel to the mineralisation.

BUDD0002 was abandoned at 63.7m due to drilling issues associated with ground conditions and redrilled one meter East as BUDD0003. Silver mineralisation was intersected in BUDD0002 near the start of the hole, with 27.8m at 2.2g/t Ag from 3.7m.

BUDD0003 intersected a sequence of gneisses and granulites intruded by a variety of granitoids and pegmatites before being abandoned at 358.8m because of drilling issues. The hole initially intersected silver mineralisation near the top with 2.7m at 4.37g/t Ag from 1.3m, repeating similar low grade silver mineralisation in comparison to BUDD0002 but on a much shorter interval. The hole then intersected up to ~1% sulphides (pyrrhotite, chalcopyrite, bornite) associated with pegmatite dykes, returning 17.8m at 0.18% Cu from 341m, including 1.13m at 0.58% Cu, 2.28g/t Au and 1.34g/t Ag from 350m and 1m at 0.22% Cu, 1.36g/t Au and 1.5 g/t Ag from 357m.

BUDD0004, drilled to 249.3m, intersected the same lithologies as BUDD0003. Limited mineralisation was intersected in this hole, with the best intercept being 1.1m @0.18% Cu and 1.45g/t Ag from 213.02m.

BUDD0005 was drilled to 322.7m and intersected a sequence dominated by banded iron formations and mafic to ultramafic units before entering a package dominated by gneisses and granulites intruded by a variety of granitoids and pegmatites. Up to 2% disseminated sulphides consisting of pyrrhotite, pyrite ± chalcopyrite were intersected in foliated fine grain gneisses, returning 3.89m at 0.17% Cu from 171.61m.

Minor sulphides up to 0.5% pyrrhotite, pyrite ± chalcopyrite were also intersected within the banded iron formations, but returning only 1m at 0.1% Cu.

Fig 1: Schematic cross section of the drilling at Centre Forest, looking NW

Samples from the drill program were assayed by ALS laboratory in Perth for a wide range of elements using fire assay and four acid digest to cover any potential type of mineralisation.

This includes lithium and other metals of the rare element class following the intersection of numerous pegmatite bodies. Assay results did not return any lithium or other rare metals mineralisation associated with the intersected pegmatites.

A list of selected assay results and elements is located in Annexure 1.

Table 1: Drillhole locations

West Target drilling

The first diamond hole BUDD0001 was designed to test the “West Target”, and historical geophysical anomalies (FLTEM) interpreted to be sulphidic in nature, associated with copper anomalies at surface in soil, and never drill tested. BUDD0001 intersected a package of folded and foliated mafic and felsic gneiss intruded by granitic and pegmatitic dykes. The hole successfully intersected the two historically modelled conductors at 47m and 112m respectively. Both conductors consist of similar sulphidic breccias with a pyrrhotite ± chalcopyrite ± pyrite matrix (~30%) surrounding clasts (up to several cm) of quartz-rich pegmatite dykes. The rest of the sequence consists of various gneisses and granulites as well as banded iron formations. Mineralisation associated with the sulphidic conductors consist of 1.13m at 1.83g/t Ag and 0.12% Cu from 46.39m and 0.84m at 1.95g/t Ag and 0.12% Cu from 111.5m.


Click here for the full ASX Release

This article includes content from Breaker Resources NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

BRB:AU
The Conversation (0)
Astral Resources (ASX:AAR)

Astral Resources NL (ASX: AAR) – Reinstatement to Quotation

Description

The suspension of trading in the securities of Astral Resources NL (‘AAR’) will be lifted immediately following the release by AAR of an announcement regarding the outcome of an application to court by the Company seeking orders in relation to the Company’s inadvertent failure to lodge a cleansing notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) within the prescribed 5 day period after the issue of shares on 9 April 2024.

Keep reading...Show less
Warriedar Resources

First Diamond Drilling Results at Ricciardo Deliver High-Grade Gold Extensions

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and release the first results from diamond drilling undertaken at the Ricciardo deposit within its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).

Keep reading...Show less
  Tartana Minerals Limited

Tartana Minerals


Keep reading...Show less
Gold bars.

Endeavour Pours First Gold at Lafigué Mine, Looks for More Côte d’Ivoire Opportunities

Endeavour Mining (LSE:EDV,TSX:EDV,OTCQX:EDVMF) said on Monday (July 2) that it has completed the first gold pour at its Lafigué mine in Côte d’Ivoire ahead of schedule, 21 months after construction began.

“We are proud to have achieved our first gold pour at Lafigué, which, alongside the first gold pour at the Sabodala-Massawa BIOX expansion that we achieved in April, marks the successful completion of the recent phase of investment and growth that we started in Q2-2022,” said CEO Ian Cockerill in a release shared by the company.

“We now begin a new phase of increased free cash flow generation, de-levering and enhanced shareholder returns."

Keep reading...Show less

Exploration Success, Capital Investment and Reserve Growth to Sustain Kibali's Production Profile

All amounts expressed in US dollars unless stated otherwise

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Africa's largest gold mine, Kibali, continues to deliver growth as its strong record of replenishing reserves and resources, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

RETRANSMISSION: Prospector Announces Strategic Equity Investment By B2Gold

Prospector Metals Corp. ("Prospector" or the "Company") (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) is pleased to announce that B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) ("B2Gold") has agreed to complete a strategic investment into the Company. Pursuant to the transaction B2Gold has agreed to subscribe for an aggregate of 5,578,720 common shares of the Company (the "Shares") at a price of C$0.163 per Share for aggregate gross proceeds to the Company of $909,311.36 (the "Offering").

Rob Carpenter CEO and Director of Prospector said "We are excited to have B2Gold as a keystone shareholder in Prospector Metals and our team is looking forward to their technical input on our flagship ML Project, Yukon. B2Gold is a major global gold producer with a strong commitment to communities, sustainable mining and employee safety. This investment and technical partnership will allow Prospector to advance the ML project more efficiently and it represents an endorsement of our exploration philosophy and targeting methods."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×