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.
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.