Bryah Resources Ltd (ASXBYH) has appointed the experienced Leslie Ingraham as a non-executive director of the company.
Bryah recently completed a successful initial public offering which raised $5 million through the offering of shares priced at $0.20.
The new copper-gold explorer has two projects totalling over 900 square kilometres near Meekatharra located in mid-west Western Australia.
Bryah Basin Project: hallmarks of DeGrussa
The project covers 713.8 square kilometres over parts of the western Bryah Basin.
The Bryah Basin is home to two significant volcanogenic massive sulphide (VMS) copper-gold discoveries – the historic Horseshoe Lights mine (closed in 1994), and Sandfire’s DeGrussa mine (discovered in 2009).
Horseshoe Lights and DeGrussa share the same geology, the Narracoota Formation, and parts of Bryah tenements have those characteristics.
In April, Bryah Resources completed 16,000 line kilometres of airborne magnetics with results yielding opportunities for a new discovery.
In June, ground mapping identified evidence of a large-scale hydrothermal alteration system within the Narracoota volcanics, confirming the potential for a new VMS copper-gold discovery.