viewBryah Resources Ltd

Bryah Resources expands Bryah Basin footprint with new areas prospective for gold and copper-gold

Two exploration licences have been granted and three exploration licences have been lodged in the highly prospective and under-explored western Bryah and Padbury basins.

Bryah Resources Ltd - Bryah Resources increases footprint in the Bryah Basin with new areas of gold and copper-gold mineralisation
Tenements cover more than 50 square kilometres of the highly prospective Narracoota formation

Bryah Resources Ltd (ASX:BYH) has expanded its landholding by securing additionals tenements prospective for gold and copper-gold mineralisation at the flagship Bryah Basin Project in central Western Australia.

The company has been granted two new exploration licences with three further exploration licence applications lodged for a total area of around 255 square kilometres on the western side of the Padbury and Bryah basins.

These tenements cover more than 50 square kilometres of the Narracoota formation, including more than 40-line kilometres of the prospective strike contact between the Narracoota formation and the Proterozoic metasediments of the Padbury Basin.

The Narracoota formation is reported to be the same prospective stratigraphy as Sandfire Resources NL’s (ASX:SFR) high-grade DeGrussa copper-gold mine and the historical Horseshoe Lights copper-gold mine.

Tenement location plan.

Managing director Neil Marston said: “The Bryah and Padbury basins remain largely under-explored, with historical exploration activities focused on identifying shallow gold mineral resources suitable for open-pit operations.

“With our excellent knowledge and experience of operating in the area, we believe that the newly acquired areas could yield some exploration success.”

The tenement package covers under-explored ground south of the Labouchere and Nathans gold mines which were mined by Dominion Mining Ltd between 1989 and 1992.

Combined historical gold production from Labouchere and Nathans was 222,000 ounces gold from 2,910,800 tonnes of ore grading 2.4 g/t.

The Labouchere and Nathans mines are now held by Westgold Resources Ltd (ASX:WGX).

Mineral occurrences over western Bryah Basin.

Bryah is undertaking a thorough desktop review of all historical exploration reports which will support a detailed phase of exploration planning ahead of ground exploration activities.

Recent work in the Bryah Basin included a heritage survey of several new areas as well as a detailed gravity survey over the Windalah prospect where a drilling program in 2018 identified high-grade gold mineralisation up to 6.69 g/t.

The company is also completing an interpretation of this new dataset along with other geophysical and geological information to refine the geological model.

Quick facts: Bryah Resources Ltd

Price: 0.057 AUD

Market: ASX
Market Cap: $8.75 m

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