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Breakaway Resources

Publié le 18 septembre 2008

Results for Nickel Sulphide Extensions at Keller Creek NI-CU Complex, East Kimberley

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Breakaway Resources Limited (ASX: BRW)

 

ASX RELEASE                                    18 SEPTEMBER 2008

 

RESULTS FOR NICKEL Sulphide Extensions AT Keller Creek Ni-Cu CompLex, EAST KIMBERLEY

 

 

Breakaway Resources Limited (ASX: BRW - "Breakaway") is pleased to announce the assay results for a limited Reverse Circulation (RC) drilling programme undertaken at Keller Creek which is located approximately 7 kilometres northwest of Panoramic Resources Ltd's operating Savannah Nickel Mine. The majority of holes intersected massive to disseminated sulphides within the poorly explored nickel - copper sulphide system hosted by the Keller Creek mafic to ultramafic intrusion. Keller Creek forms part of the East Kimberley Nickel Project in which Breakaway owns a 60% interest with Thundelarra Exploration Limited holding the remaining 40%

 

The assay results are summarised in the following table:

 

Hole ID

Zone

Northing

Easting

Azi ?

Dip?

From

Width

Ni%

Cu%

Co%

08BEKC0014

Hanging wall

8,086,483

390,520

360

-60

49.0

1.0

0.53

0.16

0.05

"

Hanging wall

8,086,483

390,520

360

-60

58.0

3.0

0.59

0.22

0.06

"

Basal contact

8,086,483

390,520

360

-60

73.0

1.0

0.78

0.16

0.07

08BEKC0015

Hanging wall

8,086,489

390,520

360

-85

69.0

4.0

0.80

0.23

0.10

 

including

 

"

"

"

"

"

"

71.0

2.0

1.04

0.17

0.12

"

Hanging wall

8,086,489

390,520

360

-85

82.0

1.0

0.55

0.21

0.07

"

Basal contact

8,086,489

390,520

360

-85

93.0

8.0

0.72

0.24

0.08

 

including

 

"

"

"

"

"

"

94.0

2.0

1.00

0.10

0.11

"

"

"

"

"

"

99.0

2.0

1.03

0.18

0.11

08BEKC0016

-

8,086,500

390,600

0

-90

-

-

-

-

-

08BEKC0017

Hanging wall

8,086,500

390,600

180

-75

129.0

1.0

0.59

0.43

0.05

08BEKC0018

Hanging wall

8,086,451

390,480

0

-90

82.0

3.0

0.70

0.30

0.09

"

Hanging wall

8,086,451

390,480

0

-90

87.0

1.0

0.92

0.10

0.12

"

Basal contact

8,086,451

390,480

0

-90

91.0

3.0

0.75

0.15

0.10

 

including

 

 

 

 

"

"

"

"

"

"

91.0

1.0

1.06

0.18

0.13

08BEKC0019

-

8,086,400

390,450

90

-80

-

-

-

-

-

08BEKC0020

Basal contact

8,086,328

390,418

270

-75

119.0

4.0

0.78

0.38

0.08

 

The drill results confirm the occurrence of broad nickel-copper-cobalt system in which the mineralisation is mainly concentrated towards the base of the Keller Creek intrusion. The drill results confirm that the known mineralisation covers an area measuring 600 metres and over 300 metres down-dip on the northwestern margin of the intrusion.  The margins of the system have not yet been defined and there is every probability that it could be more extensive.  Also there is every potential for zones of greater sulphide concentration which remain to be discovered.

 

Follow-up downhole TEM geophysics carried out on selected holes has identified several additional conductors which are under evaluation.

 

The East Kimberley Project is a joint venture in which Breakaway owns a 60% interest. The Savannah (formerly Sally Malay) nickel deposit, which has a published Proved and Probable Reserve of 3.13 million tonnes at 1.57% nickel, 0.63% copper and 0.08% cobalt, lies on a small excision of tenements owned by Panoramic Resources within the Project area.

 

 

 

 

 

 

 

 

 


 


Commenting on the results, Breakaway's Managing Director Peter Buck said, "The drilling confirms that the Keller Creek intrusion represents a broad Ni-Cu-Co system which has only undergone limited drilling and is yet to be closed off".   Mr Buck continued, "Keller Creek represents one of only several known Ni-Cu-Co systems in the region and, in keeping with similar systems elsewhere in the world, could easily host zones where the mineralisation has formed in increased concentrations". 

 

"The results will be evaluated to understand the broader potential and further work requirements will be developed in conjunction with Breakaway's other nickel exploration commitments".

 

 

ENDS

 

 

 For further information contact:

 

Mr Peter Buck

Managing Director

Breakaway Resources Limited

Mobile: 0411 554 099

Business: (08) 9278 6444

 

 

 

 

Mr David Hutton

Exploration Manager

Breakaway Resources Limited

Mobile: 0417 974 843

Business: (08) 9278 6444

       

 

 

 

Competent Persons Statement:

 

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Peter Buck (Managing Director) and Mr David Hutton (Exploration Manager), both full time employees of the Company.  Mr Buck and Mr Hutton are members of the Australasian Institute of Mining and Metallurgy (AusIMM) and have sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

 

 

 

 

 

 

READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au 

 

Breakaway Resources

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CODE : BRW.AX
ISIN : AU000000BRW9
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.

Breakaway est en développement de projets de nickel, de cuivre, d'argent et d'or en Australie, et détient divers projets d'exploration en Australie.

Son principal projet en développement est ELOISE PROJECT en Australie et ses principaux projets en exploration sont BUNGALDIN, MIRANDA PROJECT, MT FINNERTY NICKEL JV, MOUNT CLIFFORD - MOUNT NEWMAN, YILLAREE, SCOTIA PROJECT, EAST KIMBERLEY, KALGOORLIE, KAMBALDA WEST PROJECT, WILDARA, BANNOCKBURN et VIVIEN en Australie.

Breakaway est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 3,5 millions AU$ (3,3 millions US$, 2,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 mai 2007 à 0,94 AU$, et son plus bas niveau récent le 21 juin 2013 à 0,01 AU$.

Breakaway possède 291 100 507 actions en circulation.

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