leadf
logo-loader
viewBryah Resources Ltd

Bryah Resources to boost exploration news flow with gold-copper assays pending from Gabanintha

Assays from Gabanintha are expected to flow before the end of December.

1512517655_Bryah-Resources-MD-Neil-Marston.jpg
Neil Marston, managing director, Bryah Resources

Bryah Resources Ltd (ASX:BYH) has now wrapped up a reverse circulation drilling program covering 26 holes for circa 2500 metres at the Tumblegum South Gold/Copper Prospect.

The prospect is located within the company’s Gabanintha Project in central Western Australia.

Drilling was conducted in a highly prospective area which is directly along strike from the historic Gabanintha gold mine which was mined for five years until 1992, while being just 40 kilometres from the key mining town of Meekatharra.

The first assays are expected later this month.

Bryah hopes to develop a mine in the short term at Gabanintha, as the project is within easy trucking distance of existing processing plants.

The newly minted Bryah

Following a successful IPO, Bryah commenced trading on the ASX in October after raising $5 million through the offering of shares priced at $0.20.

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

Moving to the Bryah Basin Project

The company's Bryah Basin Project has the hallmarks of DeGrussa, and 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.

Quick facts: Bryah Resources Ltd

Price: 0.069 AUD

ASX:BYH
Market: ASX
Market Cap: $9.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Comet Resources says Barraba may host 'multiple VMS deposits'

Comet Resources Limited’s (ASX:CRL) Matt O'Kane tells Proactive's Andrew Scott an initial site investigation of the historical Murchison Copper Mine and Gulf Creek North prospects at the Barraba Copper project has identified extensive surface copper mineralisation. He says widespread evidence of...

1 day, 2 hours ago

2 min read