looking very good this week Gold jumps nearly $10 on Friday...

looking very good this week Gold jumps nearly $10 on Friday night and BAR expect great drilling results out this week. Will be a good week for holders.

A few weeks back The West Australian rumour article stated BAR could be sitting on a gold bonanza.

Below is an article from Kalgoorie News.

By Susan Bower
BARRA Resources headed
underground this week,
keen to test the depth of a
near-surface r e s o u r c e
b e f o r e s t a r t i n g an
underground o p e r a t i o n
earmarked f o r first
development in May.
Stockpiling should begin in
June, first production in July
and cashflow by August.
The activity is at Barra's
Burbanks project, 8km from
Coolgardie and near two milling
options, Coolgardie Custom
Milling and the Greenfields
plant.
Barra's managing director
Dean Goodwin knows the
geology of the area well and
believes the ground, previously
owned by Amalg
Resources and Jones Mining,
may not have been sufficiently
appreciated.
"People haven't recognised
the potentiai of diorite in this
area," Mr Goodwin said.
Barra is hoping to eventually
prove up 500,000 ounces but
from the underground diamond
drilling started this
week, is hoping to at least double
its 35,000 ounce resource.
Mr Goodwin wants to pump
the revenue from the resulting
production back into the
ground, to further test beneath
the resource and continue surface
drilling that has been
und.e.r wa.y for some time.

Barra bas dewatered the 45m- with regards to our reserves It's also banking on them.
deep Lady Robinson pit, calcuiation," Mr Goodwin "Our cashflow is our future,
removing 30,000cum of fresh said lhls week. before we concentrate on our
water. "We have restricted the other projects," Mr Goodwin
The existing decline extends high-grade influence on the said.
for another 50m, although not Inferred and indicated- One of these, the Phillips
vertically. resource. Find gold project, 50km north
Depending on what Barra "We were told a realistic of Kaigoorlie-Boulder, is
unearths, production should gold uppercut level was 75g, likely to attract renewed combe
continuous for a year and but the company has cut it pany attention later this year.
perhaps until the end of 2007. back much further." ''We've done some desktop
"There's a lot of high-grade In other words, Barra is studies and come up with some
mineralisation there and we expecting some very interesting targets there," Mr Goodwin said.