Ann: Shallow High Grade Drilling Results from Burbanks North-BAR.AX, page-2

Write your reEXCELLENT DRILL RESULTS MOVE BURBANKS NORTH CLOSER
TO PRODUCTION
Barra Resources Limited (‘Barra’ or the ‘Company’) (ASX: BAR) is pleased to announce the results of the
infill resource drilling program recently completed at the Burbanks North prospect within the Burbanks
Project, 9km south of Coolgardie, Western Australia. The Burbanks North deposit lies within Barra’s
exclusive Reservation Area within mining lease M15/161 which is held by Kidman Resources Limited
(Figure 1).

Best Results Include:
15.0 metres grading 9.87 grams per tonne gold
8.0 metres grading 6.22 grams per tonne gold
5.0 metres grading 7.89 grams per tonne gold
3.0 metres grading 9.94 grams per tonne gold
3.0 metres grading 3.98 grams per tonne gold
4.0 metres grading 5.63 grams per tonne gold
5.0 metres grading 3.80 grams per tonne gold

A total of 80 holes for 2,438 metres was completed specifically targeting the shallow oxide zone to a
depth of about 40 metres and between 6875N and 7000N northings (Figure 2). The program
successfully achieved its desired outcome and the Company is confident Burbanks North will move to
a development opportunity in the near term.
The drilling program was completed pursuant to the terms of the recently announced ‘Staged Mining
Agreement’ with FMR Investments (FMR) (ASX Release dated 1
st August 2016; “Barra enters staged mining
agreement at Burbanks North”, available to view at www.barraresources.com.au). Barra and FMR co-funded
the drilling program with the purpose of increasing confidence in the resource model by confirming the
continuity and grade of mineralisation. The parties will now move to complete a new resource
estimation and scoping study to determine whether to proceed to mining.
Burbanks North is located on the Burbanks Shear Zone. Mineralisation remains open along strike to the
north,south and at depth. There exists excellent potential for the discovery of additional deposits, both
oxide and primary, along the Burbanks Shear Zone. This has already been demonstrated with multiple
intersections of significant gold mineralisation (greater than 1.0g/t Au) on broad spaced traverses over
strike length of 1,125 metres from 6750N to 8000N.
Approximately 900 metres south along strike from Burbanks North is the historical Main Lode
underground mine where the Company is planning reverse circulation (RC) and diamond drilling to test
the depth extensions to the high-grade system.
In this regard, the most exciting aspect is a completely ‘untested zone’ of the Burbanks Shear Zone,
spanning about 500 metres in strike, between Burbanks North and Main Lode (Figure 3). With the
25th AUGUST 2016 ASX ANNOUNCEMENT
Barra Resources Limited (ABN 86 093 396 859)
Ground Floor, 6 Thelma Street, West Perth, Western Australia 6005
Telephone: (08) 9481 3911 Facsimile: (08) 9481 3283
success of this recent program the Company will look to expand its proposed RC and diamond drilling
program at Main Lode to include first pass drill testing of this ‘untested zone’ in addition to further infill
drilling along strike to the north of Burbanks North.
The Burbanks Project has a proven production history with more than 400,000 ounces produced at the
Birthday Gift and Main Lode mines since 1885. Barra has held an interest in the project area since 1999
where it has produced 36,000 ounces in its own capacity and via tribute mining agreements with third
parties. Barra sees the Burbanks project area, specifically the Main Lode deposit as having excellent
potential to host larger high-grade lodes at depth. An example of this potential is best demonstrated
by channel sampling of the historic Level-8 by Western Mining Limited in the 1940’s which returned a
spectacular pay-run of 160 metres grading 16.1g/t gold at an average width of 0.4 metres. This zone
remains untested by modern drilling and will be a focus for Barra under its gold strategy moving
forward.
The Company’s Chairman and CEO, Gary Berrell said… “we are extremely pleased with this suite of
excellent results from Burbanks North, further highlighting the untapped exploration potential of the
entire Burbanks region. We have great expectations this region will reap future rewards for the
company with targeted drilling campaigns derived from our unique and accumulated knowledge of the
Burbanks geologyply here."