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Bryah Resources’ survey eyes copper-gold deposits at Bryah Basin Project

The Bryah Basin is home to two significant copper-gold discoveries.

Bryah project map
Bryah has two copper-gold exploration projects

Bryah Resources Ltd (ASX:BYH) is commencing a helicopter-borne geophysical survey in late November/December 2017 across a large portion of its Bryah Basin Project in central Western Australia.

The survey is being undertaken to identify conductors which potentially could be volcanogenic massive sulphide (VMS) copper/gold deposits similar to the nearby Horseshoe Lights copper/gold mine.

The company will use Versatile Time-Domain Electromagnetic (VTEM™ Max) geophysical system, which is suitable for locating discrete conductive anomalies.

Bryah’s survey involves 1,740 line-kilometres flown over five areas totalling circa 300 square kilometres of the Bryah Basin Project.

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.

Bryah listed on the ASX last month following its initial public offering (IPO) which raised $5 million.

Investors in Bryah include Australian Vanadium Ltd (ASX:AVL) and John Hutton, a former director of Sandfire Resources (ASX:SFR).

The new copper-gold explorer has two projects totalling over 900 square kilometres near Meekatharra in Western Australia - Bryah Basin Project and Gabanintha.

Earlier this week, the company acquired two strategically located tenements to fill important gaps within the Bryah Basin Project.

READ NEXT: Bryah Resources’ shares rise after adding strategic assets to Bryah Basin Project

Quick facts: Bryah Resources Ltd

Price: 0.026 AUD

ASX:BYH
Market: ASX
Market Cap: $2.62 m
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