Adelaide, Mar 14, 2006 (ABN Newswire) - Bara Resources Limited (ASX: BAR) is pleased to announce that substantial widths of high grade gold mineralisation have been intersected further south along strike from the recently reported intersection of 12.5 metres grading 11.2 grams per tonne gold in BBUD001 at its Burbanks Gold Project.
This new hole BBUD004, located well outside the existing resource, has revealed the presence of a completely new ore zone returning the Company's best reported intersection at Burbanks to date of:
42 metres grading 14.5 grams per tonne gold (including 20 metres grading 25.9 grams per tonne gold)
This newly discovered ore zone is located 50 metres south of BBUD001 beneath the southern extremities of the Lady Robinson open pit and is positioned well outside the existing Tailor Shoot underground mining reserve which is the subject of current underground diamond drilling. The orientation of this new zone is significant as it lies parallel to the flat southerly plunge line of the previously mined high grade Hadfield Reef located some 300 metres to the north. See attached diagram.
This new discovery exhibits similar structural and geological characteristics to the Hadfield Reef which historically produced in excess of 150,000 ounces of gold.
An underground diamond drill hole designed to test south along strike from BBUD004 will commence promptly. The underground Tailor Shoot extensional resource drilling will continue whilst the best options to further test this new discovery are formulated.
BBUD004 continues to highlight the enormous potential at Burbanks for multiple shoot discoveries within this large, predominantly untested system which has historically produced 366,000 ounces of gold from the top 100 metres.
Table of Results
Significant Drill Intersections from Diamond Drilling
Hole ID Northing Easting From To Width Grade AU
(m) (m) (m) (g/t)
BBUD004 4920 2088 50.06 52.80 2.74 5.68
72.00 114.00 42.00 14.50
including 90.00 110.00 20.00 25.86
including 93.20 94.00 0.80 245.00
Note: All results are fire assay by Kalgoorlie Assay Laboratories
Intersections calculated as weighted averages
