TS may not yet have delivered the multi million ounce deposit some where hoping for however drilling is still on going and resource estimations will only increase in size and confidence as time goes by.
Breaker Executive Chairman Tom Sanders said the completion of a maiden Mineral Resource estimate was a significant milestone for the Company, confirming that Bombora is a rare, quality greenfields gold discovery with outstanding economic potential.
“The maiden Mineral Resource estimate remains open in all directions and is a first step given that the resource drilling has only been in progress for one year. I believe that an Exploration Target of 1.1M to 1.3M ounces is conservative.
“What is particularly exciting to me is the robust nature of the open pit Mineral Resource based on preliminary sensitivity analysis. Even at a gold price of A$1,000/ounce, the optimisation studies indicate a potential main open pit that is 1km long and up to 180m deep.
BRB Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
however drilling is still on going and resource estimations will only increase in size and confidence as time goes by.
