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Bryah Resources completes drilling at Tumblegum South, gold assays pending

The 16-hole program aims to define a JORC resource at the Tumblegum South gold prospect.

Bryah Resources Ltd - Bryah Resources completes drilling at Tumblegum South, assays pending
Samples from the drill program have been sent to the lab for assaying

Bryah Resources Ltd (ASX:BYH) has completed its reverse circulation (RC) drill program at its high-grade Tumblegum South Gold Prospect within its Gabanintha Project in Western Australia.

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

Once drilling assay results are received, Bryah intends to complete a new phase of 3D modelling and estimate a new JORC resource for the prospect.

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.

The nearest gold processing plants to the Tumblegum South Prospect are located at the Burnakura mine and the Bluebird gold mine.

Bryah holds a suite of mineral rights over tenements covering 170 square kilometres held by Australian Vanadium Limited (ASX:AVL).

The mineral rights held by Bryah are for all minerals, excluding vanadium, titanium, cobalt, chromium, uranium, lithium, tantalum, iron ore and manganese.

Recently raised $2 million

Proactive caught up with the company recently for an update.

Quick facts: Bryah Resources Ltd

Price: 0.05 AUD

ASX:BYH
Market: ASX
Market Cap: $4.86 m
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Bryah Resources completes $2 million capital raising

Bryah Resources Ltd (ASX:BYH) managing director Neil Marston updates Proactive on the completion of a $2 million capital raising with Hartley’s Limited as lead manager. The placement has been strongly supported by new investors as well as from a number of existing shareholders. The funding...

on 4/10/19

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