Further significant intersections at the Horn

Breakaway Resources has reported further significant nickel sulphide intersections....

  Breakaway Resources has reported further significant nickel sulphide intersections from the Horn Prospect at its Wildara Nickel Project in Western Australia’s Northeastern Goldfields.These latest results, together with a reassessment of the broader exploration potential of the Wildara Project, have confirmed this as a priority exploration focus for Breakaway.The Wildara Project tenements are located in the Perseverance-Mt Keith ultramafic belt, one of the world’s major nickel sulphide provinces, which hosts several large nickel deposits, including those in the Perseverance, Cosmos and Mt Keith districts to the north. Breakaway has completed a total of 14 widely-spaced diamond drill holes at the Horn Prospect, which was originally discovered by a program of five holes drilled by LionOre Mining International in 2004.Better intersections included 1.15m @ 2.21% Ni and 0.47% Cu from 139.75m; 1.96m @ 2.09% Ni and 0.43% Cu from 143.88m; and 18.9m of disseminated, matrix and massive sulphides from 132.5m (assays awaited).The drilling program has added substantial new extensions of massive, matrix and disseminated nickel sulphide mineralisation within a flat-plunging, shallow, easterly dipping and northerly trending, linear corridor delineated over a strike length of about 300m.The extent and widths of the intersections achieved to date highlight the potential for Breakaway to delineate significant tonnages of mineralisation within this zone.The Horn mineralisation is completely blind due to the obscuring effects of an overlying basalt carapace, which presents an exploration opportunity that has only been superficially evaluated in the past.A re-evaluation of historical TEM results and recent downhole TEM results has successfully defined conductors immediately adjacent to the Horn mineralised corridor, which could relate to nickel sulphides.Breakaway estimates that only about 5% of the immediate prospective strike—which extends for about 18km to the north and south of the Horn—has been explored. This offers excellent potential to discover nickel mineralisation on multiple prospective contacts. The low nickel tenor, higher copper content and nature of the Horn mineralisation suggests that it has possibly been remobilised from a primary source yet to be discovered. Breakaway’s Managing Director, Peter Buck said: “Recent drilling at the Horn indicates the potential of the Wildara Project to deliver a company-changing discovery within one of the world’s most prolific nickel sulphide districts.” “The success vindicates the company’s strategy to immediately activate exploration in this under-explored belt as drilling resources became available.“The Horn drilling success has added substantial momentum to our overall exploration strategy, which is also focused on rapidly progressing recent, significant nickel discoveries at Scotia and West Kambalda,” he said. “We are continuing to progress all three of these significant opportunities, each of which has the potential to deliver a quality nickel production asset for Breakaway.”