Bryah Resources Ltd (ASX:BYH) is in trading halt pending capital raising news.
The trading halt will remain in place until the beginning of trade on Monday August 26 or when an announcement is made to market – whichever occurs earliest.
High-grade manganese mineralisation extension
The company identified further high-grade manganese mineralisation in phase-two reverse circulation (RC) drilling earlier this week within the Main Pit area at its Horseshoe South Manganese Mine.
The 83-hole, 2,081-metre program was funded by a subsidiary of manganese specialist OM Holdings Ltd (ASX:OMM) under a $7.3 million farm-in and joint venture agreement signed in April.
Bryah managing director Neil Marston said the final results from second phase drilling confirmed the potential for zones of high-grade manganese mineralisation to be present just below the existing open pit surface.
Gold-copper targets at Gabanintha
The company is also set to drill 1,500 metres in an RC program at the high-grade Tumblegum South gold-copper prospect within its Gabanintha Project in WA.
Drilling will begin in September and be based off 3D modelling which has identified potential opportunities to extend existing zones of gold-copper mineralisation at Tumblegum South.
