viewBryah Resources Ltd

Bryah Resources commences drilling at gold prospect

Drilling aims to define a JORC resource at the Tumblegum South gold prospect.

Bryah Resources Ltd - Bryah Resources commences drilling at gold prospect
Drill rig on site at the Gabanintha Project

Bryah Resources Ltd (ASX:BYH) has commenced a 1,500-metre drill program at its high-grade Tumblegum South Gold Prospect within its Gabanintha Project in Western Australia.

The 16-hole reverse circulation (RC) program will test potential extensions to known high-grade gold mineralisation.

These extension targets were identified by recent 3D modelling.

The objective of the upcoming drill program is to collect enough data to estimate a JORC-compliant resource at Tumblegum South later this year.

With the AUD gold price trading at all-time highs, it is an opportunistic period to fast-track exploration at prospects such as Tumblegum South with known gold mineralisation.

Drilling funded by recent share placement

Bryah’s managing director Neil Marston said: “We are delighted to have started drilling within hours of finalising our $2 million placement last Friday.

“This drilling forms a key part of our short-term strategy, which is to define gold mineral resources at Tumblegum South where such resources could potentially be treated through nearby gold processing facilities.”

“We had some very encouraging results in our 2017 programme, so we look forward to completing this programme over the next fortnight and reporting the results in the weeks following.”

Bryah could process gold ore through nearby existing facilities

Bryah’s strategy is to define gold resources at the Gabanintha Project where such resources could potentially be processed through nearby existing and future processing facilities.

Active and historical mines located close to the Gabanintha tenements include the Gabanintha, Burnakura, Nannine and Bluebird gold mines.

Quick facts: Bryah Resources Ltd

Price: 0.026 AUD

Market: ASX
Market Cap: $2.62 m

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Full interview: Bryah Resources' maiden Tumblegum South gold resource an...

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on 30/1/20

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