mt thirsty

Cover Story

Barra Resources Limited’s Mt Thirsty and Burbanks Projects Proving to be Invaluable Projects with Long Mine Life Potential
Barra Resources Limited is a dual-focused exploration and mining company with a project portfolio containing gold and nickel-cobalt- manganese. The Company is particularly focused on exploring prospective exploration and mining tenements located in the Eastern Goldfields region of Western Australia. The Company holds an impressive project portfolio, in particular the Mt Thirsty Cobalt-Nickel-Manganese deposit, located 20 kilometres north-northwest of Norseman, Western Australia. This deposit has produced significant results over recent weeks, generating strong interest in the company.

Furthermore, Barra’s Burbanks gold project, located 8 kilometres south west of Coolgardie, has historically produced 366,000 ounces with drilling in 2005 and 2006 delivering an initial resource of 74,000 ounces with latest drilling confirming depth and strike extensions of the Burbanks gold mineralisation.

On the 10th July 2008 Barra Resources announced that it had increased its Mt Thirsty cobalt-nickel-manganese resource by 38% based on extensional drilling results as part of independent in-situ Resource estimation.

The increases have resulted in Indicated and Inferred JORC resource estimate rising to 29 million tonnes from 21 million tonnes with the resource now containing some 162,000 tonnes of Nickel, 35,000 tonnes of Cobalt and 255,000 tonnes of Manganese.

The upgrade follows the 50/50 joint venture between Barra Resources Limited and Meteore Metals Limited, a wholly owned subsidiary of Fission Energy Limited, on the resource. Presently, conceptual flow designs for metal extraction are being completed with a fast track program also in place.

Mr. Dean Goodwin, Managing Director of Barra Resources Limited, informed the Australian Investor of the significance of the Mt Thirsty project and the company’s high aspirations for it.

“Our Mt Thirsty project is simply going from strength-to-strength. This is not your average nickel laterite project; Mt Thirsty has a totally oxidised ore profile, unlike typical nickel laterite projects which are only partially oxidised.”

“This total oxidisation lends itself to atmospheric leaching which doesn’t require new technology. The entire process is highly cost effective which is excellent news for Barra Resources. We intend to announce our metallurgy results within weeks which we believe will provide more significant results.” Mr. Goodwin explained.

“Once Mt Thirsty is online, we believe it will be the company making project for Barra with the potential to be a 30 year mine.

“Barra is developing a Feasibility Study that is aiming to be complete by mid 2009 with pilot testing booked for November this year. Once these processes are complete the full potential of Mt Thirsty will be revealed.” Mr. Goodwin told the Australian Investor.

The Burbanks project is equally as important to the company with Reverse Circulation drilling commencing on the project in recent days. The Company is attempting to further identify gold targets within this historically significant resource.

“At Burbanks we are filling in the gaps underneath the old workings, further analyzing this very interesting prospect. Barra are particularly focused on a 300 metre area between the Main Lode and Christmas deposits where no actual drilling has been performed to date. We are looking to follow the line of Main Lode back to surface to identify any potential hidden ounces.”

Mr. Goodwin concluded. “Barra Resources are embarking on a major work program covering several major projects in addition to our grass roots and developing projects. Overall, Barra Resources is in an excellent position for the future due to its high quality projects and experienced management team that is prepared to capitalise on our position.”

Found this on the australian investor web site....30 year mine life potential...

pete