Bryah Resources Ltd (ASX:BYH) is encouraged by gold results of up to 58.4 g/t from rock chip samples which confirm that the Bryah West Project north of Meekatharra in central Western Australia has "significant exploration potential".
Several samples collected during reconnaissance of the area recorded gold, with two samples collected from a historical shaft at Dimble South prospect grading 58.5 g/t and 8.1 g/t.
Selective rock chip sampling of outcrop and workings, including quartz veins of various orientations, was undertaken.
Around 40 samples were taken for gold analysis by fire assay, with seven samples returning anomalous values above 100ppb gold.
Shares have been as much as 17% higher to 6.5 cents.
“Significant gold exploration potential”
Managing director Neil Marston said: “These sampling results confirm the company’s view that the Bryah West project area has significant gold exploration potential.
“Overall, our tenements cover over 1,100 square kilometres of the Bryah Basin, which has a rich history of gold and copper-gold discoveries.
“Whilst our recent focus has been on drilling high priority gold targets at Windalah and Mars prospects, we are systematically evaluating our other areas, including Bryah West, to generate a series of additional gold exploration targets.”
Marston continued: “At Bryah West there has not been any significant drilling for gold reported over the tenement since the 1990s.
“However, sampling of the historical workings suggest that there is gold in the area and with modern exploration techniques and the drilling capabilities now available, we believe that the Bryah West area may produce some exciting results once our exploration activities get underway.”
The number of historical workings encountered and their large geographic spread indicates that there were significant epigenetic gold-bearing fluid flows in the past.
Historical workings at Bryah West are predominantly located between the Dimble South, Top Dimble and East Dimble prospects, which have been the focus of historical exploration and Bryah’s reconnaissance work.
Bryah Resources plans to undertake the following exploration activities on this largely untested but highly prospective area:
- Soil sampling across significant parts of the tenement, initially on a wide spacing with in-fill programs on identified target areas, to provide a common multi-element soil geochemistry dataset;
- Geological mapping of key areas;
- Geophysical surveys and interpretation (including high-resolution aeromagnetics and radiometrics as required); and
- First pass aircore and follow-up reverse circulation drilling.